IQDY vs. FDEV
Compare and contrast key facts about FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Fidelity International Multifactor ETF (FDEV).
IQDY and FDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019. Both IQDY and FDEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IQDY vs. FDEV - Performance Comparison
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IQDY vs. FDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 3.79% | 37.44% | 5.97% | 23.45% | -15.78% | 12.00% | 9.54% | 13.15% |
FDEV Fidelity International Multifactor ETF | 3.83% | 30.36% | 5.84% | 13.37% | -16.54% | 11.00% | 5.49% | 10.06% |
Returns By Period
The year-to-date returns for both investments are quite close, with IQDY having a 3.79% return and FDEV slightly higher at 3.83%.
IQDY
- 1D
- 3.03%
- 1M
- -6.22%
- YTD
- 3.79%
- 6M
- 12.76%
- 1Y
- 35.12%
- 3Y*
- 19.63%
- 5Y*
- 10.02%
- 10Y*
- 10.52%
FDEV
- 1D
- 2.35%
- 1M
- -4.83%
- YTD
- 3.83%
- 6M
- 9.22%
- 1Y
- 25.14%
- 3Y*
- 14.97%
- 5Y*
- 7.95%
- 10Y*
- —
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IQDY vs. FDEV - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than FDEV's 0.39% expense ratio.
Return for Risk
IQDY vs. FDEV — Risk / Return Rank
IQDY
FDEV
IQDY vs. FDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Fidelity International Multifactor ETF (FDEV). 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.
| IQDY | FDEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.73 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.59 | 2.41 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.85 | -0.12 |
Martin ratioReturn relative to average drawdown | 11.91 | 11.64 | +0.27 |
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
| IQDY | FDEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.73 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.58 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.53 | -0.09 |
Correlation
The correlation between IQDY and FDEV 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.
Dividends
IQDY vs. FDEV - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 3.14%, more than FDEV's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 3.14% | 3.26% | 6.95% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% |
FDEV Fidelity International Multifactor ETF | 2.83% | 2.86% | 2.99% | 2.80% | 2.65% | 2.81% | 1.88% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IQDY vs. FDEV - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, which is greater than FDEV's maximum drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for IQDY and FDEV.
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Drawdown Indicators
| IQDY | FDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -30.11% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.52% | -8.67% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.03% | -29.02% | -4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | — | — |
Current DrawdownCurrent decline from peak | -6.97% | -4.83% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -6.38% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.13% | +0.74% |
Volatility
IQDY vs. FDEV - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 8.49% compared to Fidelity International Multifactor ETF (FDEV) at 6.22%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than FDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQDY | FDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 6.22% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 9.15% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 14.62% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 13.85% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 15.38% | +2.96% |