IQDE vs. IQDY
Compare and contrast key facts about FlexShares International Quality Dividend Defensive Index ETF (IQDE) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY).
IQDE and IQDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQDE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Defensive Index. It was launched on Apr 12, 2013. IQDY is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Dynamic Index. It was launched on Apr 12, 2013. Both IQDE and IQDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQDE or IQDY.
Performance
IQDE vs. IQDY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IQDE having a 5.87% return and IQDY slightly lower at 5.77%. Over the past 10 years, IQDE has underperformed IQDY with an annualized return of 2.68%, while IQDY has yielded a comparatively higher 5.41% annualized return.
IQDE
5.87%
-2.99%
-1.48%
11.96%
4.13%
2.68%
IQDY
5.77%
-2.90%
-2.25%
14.33%
7.46%
5.41%
Key characteristics
| IQDE | IQDY | |
|---|---|---|
| Sharpe Ratio | 1.02 | 0.96 |
| Sortino Ratio | 1.47 | 1.41 |
| Omega Ratio | 1.18 | 1.17 |
| Calmar Ratio | 1.21 | 1.52 |
| Martin Ratio | 4.76 | 4.58 |
| Ulcer Index | 2.55% | 3.13% |
| Daily Std Dev | 11.97% | 14.90% |
| Max Drawdown | -38.85% | -39.59% |
| Current Drawdown | -7.46% | -8.51% |
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IQDE vs. IQDY - Expense Ratio Comparison
Both IQDE and IQDY have an expense ratio of 0.47%.
Correlation
The correlation between IQDE and IQDY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IQDE vs. IQDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Defensive Index ETF (IQDE) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY). 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.
Dividends
IQDE vs. IQDY - Dividend Comparison
IQDE's dividend yield for the trailing twelve months is around 3.87%, less than IQDY's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDE FlexShares International Quality Dividend Defensive Index ETF | 3.87% | 5.51% | 5.28% | 3.98% | 3.10% | 4.84% | 5.15% | 4.51% | 3.67% | 4.95% | 4.02% | 1.82% |
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 5.31% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% | 4.34% | 2.34% |
Drawdowns
IQDE vs. IQDY - Drawdown Comparison
The maximum IQDE drawdown since its inception was -38.85%, roughly equal to the maximum IQDY drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for IQDE and IQDY. For additional features, visit the drawdowns tool.
Volatility
IQDE vs. IQDY - Volatility Comparison
The current volatility for FlexShares International Quality Dividend Defensive Index ETF (IQDE) is 3.65%, while FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a volatility of 4.32%. This indicates that IQDE experiences smaller price fluctuations and is considered to be less risky than IQDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.