IGRO vs. HFQAX
IGRO (iShares International Dividend Growth ETF) and HFQAX (Janus Henderson Global Equity Income Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, IGRO returned 8.49%/yr vs 8.45%/yr for HFQAX. A 0.78 correlation means they provide meaningful diversification when combined. IGRO charges 0.15%/yr vs 1.24%/yr for HFQAX.
Performance
IGRO vs. HFQAX - Performance Comparison
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Returns By Period
In the year-to-date period, IGRO achieves a 5.91% return, which is significantly lower than HFQAX's 12.52% return. Both investments have delivered pretty close results over the past 10 years, with IGRO having a 8.49% annualized return and HFQAX not far behind at 8.45%.
IGRO
- 1D
- -0.85%
- 1M
- 0.87%
- YTD
- 5.91%
- 6M
- 8.22%
- 1Y
- 13.91%
- 3Y*
- 15.21%
- 5Y*
- 7.30%
- 10Y*
- 8.49%
HFQAX
- 1D
- 0.75%
- 1M
- 3.71%
- YTD
- 12.52%
- 6M
- 14.83%
- 1Y
- 27.08%
- 3Y*
- 18.28%
- 5Y*
- 10.37%
- 10Y*
- 8.45%
IGRO vs. HFQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGRO iShares International Dividend Growth ETF | 5.91% | 25.03% | 7.78% | 15.38% | -12.72% | 9.94% | 7.71% | 26.13% | -14.86% | 24.64% |
HFQAX Janus Henderson Global Equity Income Fund | 12.52% | 29.61% | 6.86% | 10.17% | -6.59% | 12.45% | 1.66% | 20.87% | -15.86% | 19.14% |
Correlation
The correlation between IGRO and HFQAX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 20, 2016 | 0.78 |
The correlation between IGRO and HFQAX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
IGRO vs. HFQAX — Risk / Return Rank
IGRO
HFQAX
IGRO vs. HFQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Dividend Growth ETF (IGRO) and Janus Henderson Global Equity Income Fund (HFQAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IGRO | HFQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.44 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.67 | -1.27 |
| Martin ratioReturn relative to average drawdown | 5.22 | 9.57 | -4.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGRO | HFQAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.36 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.80 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.57 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.33 | +0.20 |
Drawdowns
IGRO vs. HFQAX - Drawdown Comparison
The maximum IGRO drawdown since its inception was -36.25%, smaller than the maximum HFQAX drawdown of -52.77%. Use the drawdown chart below to compare losses from any high point for IGRO and HFQAX.
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Drawdown Indicators
| IGRO | HFQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -52.77% | +16.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -9.99% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.13% | -12.20% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -21.83% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.25% | -34.79% | -1.46% |
Current DrawdownCurrent decline from peak | -2.75% | -1.29% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -10.87% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.78% | -0.11% |
Volatility
IGRO vs. HFQAX - Volatility Comparison
The current volatility for iShares International Dividend Growth ETF (IGRO) is 3.60%, while Janus Henderson Global Equity Income Fund (HFQAX) has a volatility of 4.57%. This indicates that IGRO experiences smaller price fluctuations and is considered to be less risky than HFQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGRO | HFQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.57% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 9.38% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 11.34% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 13.04% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 14.75% | +2.11% |
IGRO vs. HFQAX - Expense Ratio Comparison
IGRO has a 0.15% expense ratio, which is lower than HFQAX's 1.24% expense ratio.
Dividends
IGRO vs. HFQAX - Dividend Comparison
IGRO's dividend yield for the trailing twelve months is around 2.41%, less than HFQAX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFQAX Janus Henderson Global Equity Income Fund | 5.93% | 6.59% | 7.96% | 7.89% | 8.02% | 6.92% | 7.25% | 6.80% | 7.66% | 6.03% | 6.77% | 6.60% |
IGRO iShares International Dividend Growth ETF | 2.41% | 2.51% | 2.44% | 2.79% | 2.69% | 2.27% | 2.41% | 2.65% | 2.97% | 2.43% | 1.18% | 0.00% |
Frequently Asked Questions
IGRO and HFQAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFQAX has higher volatility (4.57%) compared to IGRO (3.60%). In terms of maximum drawdown, IGRO dropped -36.25% vs HFQAX's -52.77%.
HFQAX currently has the higher Sharpe Ratio (2.36 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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