IQDE vs. SPY
Compare and contrast key facts about FlexShares International Quality Dividend Defensive Index ETF (IQDE) and SPDR S&P 500 ETF (SPY).
IQDE and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IQDE and SPY 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 SPY.
Performance
IQDE vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IQDE achieves a 5.87% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, IQDE has underperformed SPY with an annualized return of 2.68%, while SPY has yielded a comparatively higher 13.14% annualized return.
IQDE
5.87%
-2.99%
-1.48%
11.96%
4.13%
2.68%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| IQDE | SPY | |
|---|---|---|
| Sharpe Ratio | 1.02 | 2.69 |
| Sortino Ratio | 1.47 | 3.59 |
| Omega Ratio | 1.18 | 1.50 |
| Calmar Ratio | 1.21 | 3.88 |
| Martin Ratio | 4.76 | 17.47 |
| Ulcer Index | 2.55% | 1.87% |
| Daily Std Dev | 11.97% | 12.14% |
| Max Drawdown | -38.85% | -55.19% |
| Current Drawdown | -7.46% | -0.54% |
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IQDE vs. SPY - Expense Ratio Comparison
IQDE has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between IQDE and SPY is 0.70, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Defensive Index ETF (IQDE) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IQDE's dividend yield for the trailing twelve months is around 3.87%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IQDE vs. SPY - Drawdown Comparison
The maximum IQDE drawdown since its inception was -38.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IQDE and SPY. For additional features, visit the drawdowns tool.
Volatility
IQDE vs. SPY - Volatility Comparison
The current volatility for FlexShares International Quality Dividend Defensive Index ETF (IQDE) is 3.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that IQDE experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.