IQDF vs. SPY
Compare and contrast key facts about FlexShares International Quality Dividend Index Fund (IQDF) and SPDR S&P 500 ETF (SPY).
IQDF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQDF is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend 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 IQDF 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: IQDF or SPY.
Key characteristics
| IQDF | SPY | |
|---|---|---|
| YTD Return | 5.28% | 7.90% |
| 1Y Return | 15.90% | 28.03% |
| 3Y Return (Ann) | 2.92% | 8.75% |
| 5Y Return (Ann) | 5.70% | 13.52% |
| 10Y Return (Ann) | 3.08% | 12.62% |
| Sharpe Ratio | 1.30 | 2.33 |
| Daily Std Dev | 12.40% | 11.63% |
| Max Drawdown | -39.83% | -55.19% |
| Current Drawdown | 0.00% | -2.27% |
Correlation
The correlation between IQDF and SPY is 0.77, 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.
Performance
IQDF vs. SPY - Performance Comparison
In the year-to-date period, IQDF achieves a 5.28% return, which is significantly lower than SPY's 7.90% return. Over the past 10 years, IQDF has underperformed SPY with an annualized return of 3.08%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IQDF vs. SPY - Expense Ratio Comparison
IQDF has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IQDF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Index Fund (IQDF) 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
IQDF vs. SPY - Dividend Comparison
IQDF's dividend yield for the trailing twelve months is around 5.57%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 5.57% | 6.06% | 5.59% | 4.13% | 3.21% | 4.46% | 5.78% | 3.89% | 3.75% | 4.27% | 4.35% | 1.59% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IQDF vs. SPY - Drawdown Comparison
The maximum IQDF drawdown since its inception was -39.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IQDF and SPY. For additional features, visit the drawdowns tool.
Volatility
IQDF vs. SPY - Volatility Comparison
The current volatility for FlexShares International Quality Dividend Index Fund (IQDF) is 3.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that IQDF 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.