IQDY vs. IDHQ
IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - IQDY tracks the Northern Trust International Quality Dividend Dynamic Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, IQDY returned 12.19%/yr vs 11.04%/yr for IDHQ. A 0.74 correlation means they provide meaningful diversification when combined. IQDY charges 0.47%/yr vs 0.29%/yr for IDHQ.
Performance
IQDY vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IQDY achieves a 17.66% return, which is significantly lower than IDHQ's 23.16% return. Over the past 10 years, IQDY has outperformed IDHQ with an annualized return of 12.19%, while IDHQ has yielded a comparatively lower 11.04% annualized return.
IQDY
- 1D
- -3.13%
- 1M
- 2.33%
- YTD
- 17.66%
- 6M
- 17.70%
- 1Y
- 40.59%
- 3Y*
- 24.61%
- 5Y*
- 11.84%
- 10Y*
- 12.19%
IDHQ
- 1D
- -3.06%
- 1M
- 6.76%
- YTD
- 23.16%
- 6M
- 22.77%
- 1Y
- 36.24%
- 3Y*
- 20.04%
- 5Y*
- 9.28%
- 10Y*
- 11.04%
IQDY vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 17.66% | 37.44% | 5.97% | 23.45% | -15.78% | 12.00% | 9.54% | 27.27% | -20.04% | 24.06% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.16% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between IQDY and IDHQ is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.74 |
The correlation between IQDY and IDHQ shifts across timeframes, from 0.74 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IQDY vs. IDHQ — Risk / Return Rank
IQDY
IDHQ
IQDY vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.71 | +1.21 |
| Martin ratioReturn relative to average drawdown | 15.11 | 10.71 | +4.40 |
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Drawdowns
IQDY vs. IDHQ - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for IQDY and IDHQ.
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Drawdown Indicators
| IQDY | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -73.84% | +34.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -13.44% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -14.07% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -32.30% | -33.54% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | -33.54% | -6.06% |
Current DrawdownCurrent decline from peak | -3.13% | -3.06% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -21.14% | +12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.39% | -0.70% |
Volatility
IQDY vs. IDHQ - Volatility Comparison
The current volatility for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) is 7.34%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 10.09%. This indicates that IQDY experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQDY | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 10.09% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 18.76% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.10% | 20.63% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 17.85% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 17.99% | +0.24% |
IQDY vs. IDHQ - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
IQDY vs. IDHQ - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 2.98%, more than IDHQ's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.06% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 2.98% | 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 IDHQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (10.09%) compared to IQDY (7.34%). In terms of maximum drawdown, IQDY dropped -39.60% vs IDHQ's -73.84%.
On 10-year performance, IQDY leads with 12.19% vs 11.04% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IQDY has been the lower-risk option at 7.34%. 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 12.19% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.47% for IQDY.
IQDY has the higher dividend yield at 2.98%, compared with 2.06% for IDHQ.
IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.47% for IQDY and 0.29% for IDHQ.
IQDY currently has the higher Sharpe Ratio (2.39 vs 1.77), 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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