IQDY vs. GQI

Last updated Aug 5, 2026

IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and GQI (Natixis Gateway Quality Income ETF) are both Quality Factor funds. IQDY is passively managed, while GQI is actively managed. Over the past year, IQDY returned 38.36% vs 22.47% for GQI. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IQDY charges 0.47%/yr vs 0.34%/yr for GQI.

Performance

IQDY vs. GQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Natixis Gateway Quality Income ETF (GQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQDY achieves a 20.32% return, which is significantly higher than GQI's 11.98% return.

IQDY

• 1D: 1.67%
• 1M: 2.88%
• 6M: 12.03%
• YTD: 20.32%
• 1Y: 38.36%
• 3Y*: 24.19%
• 5Y*: 12.61%
• 10Y*: 11.47%
• ALL TIME*: 9.03%

GQI

• 1D: 1.11%
• 1M: 3.51%
• 6M: 10.28%
• YTD: 11.98%
• 1Y: 22.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GQI Natixis Gateway Quality Income ETF	$1.05M	$1.04M	$2.07M
IQDY FlexShares International Quality Dividend Dynamic Index Fund	$942.98K	$558.46K	$430.71K

IQDY vs. GQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IQDY FlexShares International Quality Dividend Dynamic Index Fund	20.32%	37.44%	5.97%	6.10%
GQI Natixis Gateway Quality Income ETF	11.98%	15.36%	15.99%	1.60%

Correlation

The correlation between IQDY and GQI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.66

The correlation between IQDY and GQI has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

IQDY vs. GQI - Sectors Allocation Comparison

Sectors	IQDY	GQI
Financial Services	26.3%	9.9%
Technology	24.3%	37.9%
Industrials	14.2%	8.3%
Consumer Cyclical	8.8%	11.0%
Basic Materials	7.7%	0.7%
Healthcare	5.3%	10.9%
Energy	4.8%	3.9%
Consumer Defensive	2.9%	6.1%
Communication Services	2.5%	10.3%
Utilities	2.1%	0.6%
Real Estate	1.2%	0.4%

Return for Risk

IQDY vs. GQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQDY

IQDY Risk / Return Rank: 84
IQDY Sharpe Ratio Rank: 84
IQDY Sortino Ratio Rank: 80
IQDY Omega Ratio Rank: 83
IQDY Calmar Ratio Rank: 86
IQDY Martin Ratio Rank: 85

GQI

GQI Risk / Return Rank: 87
GQI Sharpe Ratio Rank: 87
GQI Sortino Ratio Rank: 87
GQI Omega Ratio Rank: 87
GQI Calmar Ratio Rank: 80
GQI Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IQDY vs. GQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Natixis Gateway Quality Income ETF (GQI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IQDY	GQI	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.30	-0.13
Sortino ratio: Return per unit of downside risk	2.89	3.22	-0.33
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	3.70	3.24	+0.46
Martin ratio: Return relative to average drawdown	13.26	16.84	-3.58

IQDY vs. GQI - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 2.17, which is comparable to the GQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IQDY and GQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IQDY vs. GQI - Drawdown Comparison

The maximum IQDY drawdown since its inception was -39.60%, which is greater than GQI's maximum drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for IQDY and GQI.

Drawdown Indicators

	IQDY	GQI	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-16.56%	-23.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-6.96%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.60%	—	—
Current Drawdown Current decline from peak	-0.95%	0.00%	-0.95%
Average Drawdown Average peak-to-trough decline	-9.02%	-1.61%	-7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.34%	+1.56%

Volatility

IQDY vs. GQI - Volatility Comparison

FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 6.18% compared to Natixis Gateway Quality Income ETF (GQI) at 2.76%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than GQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQDY	GQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	2.76%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	15.79%	7.73%	+8.06%
Volatility (1Y) Calculated over the trailing 1-year period	17.82%	9.97%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	13.01%	+5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	13.01%	+5.27%

IQDY vs. GQI - Expense Ratio Comparison

IQDY has a 0.47% expense ratio, which is higher than GQI's 0.34% expense ratio.

Dividends

IQDY vs. GQI - Dividend Comparison

IQDY's dividend yield for the trailing twelve months is around 2.92%, less than GQI's 8.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQI Natixis Gateway Quality Income ETF	8.61%	8.97%	7.77%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IQDY FlexShares International Quality Dividend Dynamic Index Fund	2.92%	3.26%	6.95%	6.45%	5.52%	3.89%	2.62%	3.85%	5.97%	3.57%	3.77%	4.08%

Frequently Asked Questions

Can I hold both IQDY and GQI in my portfolio?

IQDY and GQI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQDY or GQI?

IQDY has higher volatility (6.18%) compared to GQI (2.76%). In terms of maximum drawdown, IQDY dropped -39.60% vs GQI's -16.56%.

Which ETF is better, IQDY or GQI?

On 1-year performance, IQDY leads with 38.36% vs 22.47% for GQI. On fees, GQI is cheaper at 0.34% per year. On volatility, GQI has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQDY or GQI?

Over the 1-year period, IQDY has performed better with a 38.36% return vs 22.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or GQI?

GQI is cheaper with a 0.34% expense ratio, compared with 0.47% for IQDY.

Which ETF pays a higher dividend yield, IQDY or GQI?

GQI has the higher dividend yield at 8.61%, compared with 2.92% for IQDY.

What is the main difference between IQDY and GQI?

They also come from different issuers: Northern Trust and Natixis. Their fees differ too: 0.47% for IQDY and 0.34% for GQI.

Which has better risk-adjusted returns?

GQI currently has the higher Sharpe Ratio (2.30 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.