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.
Performance
IQDF vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IQDF achieves a 7.55% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, IQDF has underperformed SPY with an annualized return of 3.75%, while SPY has yielded a comparatively higher 13.07% annualized return.
IQDF
7.55%
-4.80%
-1.40%
14.75%
5.70%
3.75%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| IQDF | SPY | |
|---|---|---|
| Sharpe Ratio | 1.10 | 2.62 |
| Sortino Ratio | 1.58 | 3.50 |
| Omega Ratio | 1.19 | 1.49 |
| Calmar Ratio | 1.74 | 3.78 |
| Martin Ratio | 5.78 | 17.00 |
| Ulcer Index | 2.46% | 1.87% |
| Daily Std Dev | 12.97% | 12.14% |
| Max Drawdown | -39.83% | -55.19% |
| Current Drawdown | -8.03% | -1.38% |
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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.
Correlation
The correlation between IQDF and SPY is 0.76, 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
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 4.86%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 4.86% | 6.06% | 5.59% | 4.13% | 3.16% | 4.46% | 5.77% | 3.89% | 3.75% | 4.27% | 4.36% | 1.59% |
SPY SPDR S&P 500 ETF | 1.19% | 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
FlexShares International Quality Dividend Index Fund (IQDF) and SPDR S&P 500 ETF (SPY) have volatilities of 4.12% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.