IQDY vs. GQRE
IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and GQRE (FlexShares Global Quality Real Estate Index Fund) are both exchange-traded funds - IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic Index, while GQRE is a REIT fund tracking the Northern Trust Global Quality Real Estate (NR). Both are passively managed. Over the past 10 years, IQDY returned 12.21%/yr vs 4.25%/yr for GQRE. A 0.60 correlation means they provide meaningful diversification when combined. IQDY charges 0.47%/yr vs 0.45%/yr for GQRE.
Performance
IQDY vs. GQRE - Performance Comparison
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Returns By Period
In the year-to-date period, IQDY achieves a 17.90% return, which is significantly higher than GQRE's 10.03% return. Over the past 10 years, IQDY has outperformed GQRE with an annualized return of 12.21%, while GQRE has yielded a comparatively lower 4.25% annualized return.
IQDY
- 1D
- 1.14%
- 1M
- 0.62%
- YTD
- 17.90%
- 6M
- 17.74%
- 1Y
- 38.52%
- 3Y*
- 24.40%
- 5Y*
- 11.82%
- 10Y*
- 12.21%
GQRE
- 1D
- 0.26%
- 1M
- -0.09%
- YTD
- 10.03%
- 6M
- 9.92%
- 1Y
- 13.69%
- 3Y*
- 11.64%
- 5Y*
- 2.37%
- 10Y*
- 4.25%
IQDY vs. GQRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 17.90% | 37.44% | 5.97% | 23.45% | -15.78% | 12.00% | 9.54% | 27.27% | -20.04% | 24.06% |
GQRE FlexShares Global Quality Real Estate Index Fund | 10.03% | 8.27% | 6.09% | 9.21% | -27.22% | 32.01% | -9.17% | 21.84% | -8.88% | 13.60% |
Correlation
The correlation between IQDY and GQRE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.60 |
The correlation between IQDY and GQRE shifts across timeframes, from 0.49 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IQDY vs. GQRE — Risk / Return Rank
IQDY
GQRE
IQDY vs. GQRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and FlexShares Global Quality Real Estate Index Fund (GQRE). 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 | GQRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 1.35 | +2.36 |
| Martin ratioReturn relative to average drawdown | 14.25 | 5.09 | +9.15 |
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Drawdowns
IQDY vs. GQRE - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, smaller than the maximum GQRE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for IQDY and GQRE.
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Drawdown Indicators
| IQDY | GQRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -41.87% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -10.15% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -16.17% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -32.30% | -35.08% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | -41.87% | +2.27% |
Current DrawdownCurrent decline from peak | -2.94% | -1.01% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -9.20% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.69% | +0.02% |
Volatility
IQDY vs. GQRE - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 7.26% compared to FlexShares Global Quality Real Estate Index Fund (GQRE) at 3.68%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than GQRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQDY | GQRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 3.68% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 9.19% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 11.84% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 16.46% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 17.64% | +0.59% |
IQDY vs. GQRE - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than GQRE's 0.45% expense ratio.
Dividends
IQDY vs. GQRE - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 2.97%, less than GQRE's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 4.27% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 2.97% | 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
IQDY and GQRE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQDY has higher volatility (7.26%) compared to GQRE (3.68%). In terms of maximum drawdown, IQDY dropped -39.60% vs GQRE's -41.87%.
On 10-year performance, IQDY leads with 12.21% vs 4.25% for GQRE. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IQDY has performed better with a 12.21% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQRE is cheaper with a 0.45% expense ratio, compared with 0.47% for IQDY.
GQRE has the higher dividend yield at 4.27%, compared with 2.97% for IQDY.
IQDY is categorized as Foreign Large Cap Equities, while GQRE is REIT. IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while GQRE tracks Northern Trust Global Quality Real Estate (NR). Their fees differ too: 0.47% for IQDY and 0.45% for GQRE.
IQDY currently has the higher Sharpe Ratio (2.27 vs 1.17), 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.
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