IQDY vs. IDHQ

Last updated Jun 4, 2026

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 11.61%/yr vs 9.90%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Invesco S&P International Developed High Quality ETF (IDHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IQDY having a 17.95% return and IDHQ slightly higher at 18.47%. Over the past 10 years, IQDY has outperformed IDHQ with an annualized return of 11.61%, while IDHQ has yielded a comparatively lower 9.90% annualized return.

IQDY

• 1D: -0.89%
• 1M: 6.55%
• YTD: 17.95%
• 6M: 20.74%
• 1Y: 41.61%
• 3Y*: 24.42%
• 5Y*: 11.45%
• 10Y*: 11.61%

IDHQ

• 1D: -0.67%
• 1M: 7.43%
• YTD: 18.47%
• 6M: 20.13%
• 1Y: 30.97%
• 3Y*: 18.48%
• 5Y*: 8.61%
• 10Y*: 9.90%

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

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	17.95%	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	18.47%	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 17, 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.

Return for Risk

IQDY vs. IDHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQDY

IQDY Risk / Return Rank: 79
IQDY Sharpe Ratio Rank: 80
IQDY Sortino Ratio Rank: 77
IQDY Omega Ratio Rank: 78
IQDY Calmar Ratio Rank: 78
IQDY Martin Ratio Rank: 80

IDHQ

IDHQ Risk / Return Rank: 49
IDHQ Sharpe Ratio Rank: 48
IDHQ Sortino Ratio Rank: 50
IDHQ Omega Ratio Rank: 48
IDHQ Calmar Ratio Rank: 46
IDHQ Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	IQDY	IDHQ	Difference
Sharpe ratio Return per unit of total volatility	2.63	1.68	+0.95
Sortino ratio Return per unit of downside risk	3.51	2.47	+1.05
Omega ratio Gain probability vs. loss probability	1.47	1.31	+0.16
Calmar ratio Return relative to maximum drawdown	4.01	2.31	+1.70
Martin ratio Return relative to average drawdown	15.76	9.23	+6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQDY vs. IDHQ - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 2.63, which is higher than the IDHQ Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IQDY and IDHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IQDY	IDHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.68	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.50	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.55	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.21	+0.29

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.

Drawdown Indicators

	IQDY	IDHQ	Difference
Max Drawdown Largest 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	-33.03%	-33.54%	+0.51%
Max Drawdown (10Y) Largest decline over 10 years	-39.60%	-33.54%	-6.06%
Current Drawdown Current decline from peak	-0.89%	-0.96%	+0.07%
Average Drawdown Average peak-to-trough decline	-9.10%	-21.20%	+12.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.37%	-0.72%

Volatility

IQDY vs. IDHQ - Volatility Comparison

The current volatility for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) is 5.84%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 7.57%. 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.

Volatility by Period

	IQDY	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	7.57%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	16.39%	-2.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	18.55%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	17.39%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	17.93%	+0.50%

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 2.76%, more than IDHQ's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDHQ Invesco S&P International Developed High Quality ETF	2.04%	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	2.76%	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 IDHQ in my portfolio?

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.

Which is riskier, IQDY or IDHQ?

IDHQ has higher volatility (7.57%) compared to IQDY (5.84%). In terms of maximum drawdown, IQDY dropped -39.60% vs IDHQ's -73.84%.

Which ETF is better, IQDY or IDHQ?

On 10-year performance, IQDY leads with 11.61% vs 9.90% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IQDY has been the lower-risk option at 5.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQDY or IDHQ?

Over the 10-year period, IQDY has performed better with a 11.61% return vs 9.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.47% for IQDY.

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

IQDY has the higher dividend yield at 2.76%, compared with 2.04% for IDHQ.

What is the main difference between IQDY and 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.

Which has better risk-adjusted returns?

IQDY currently has the higher Sharpe Ratio (2.63 vs 1.68), 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.