IQDY vs. IDVO

Last updated Jun 26, 2026

IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic Index, while IDVO is a Derivative Income fund actively managed by Amplify. IQDY is passively managed, while IDVO is actively managed. Over the past 3 years, IQDY returned 24.40%/yr vs 21.59%/yr for IDVO. Their correlation of 0.86 suggests significant overlap in exposure. IQDY charges 0.47%/yr vs 0.65%/yr for IDVO.

Performance

IQDY vs. IDVO - Performance Comparison

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

Returns By Period

In the year-to-date period, IQDY achieves a 17.90% return, which is significantly higher than IDVO's 11.04% 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%

IDVO

• 1D: 0.27%
• 1M: -2.93%
• YTD: 11.04%
• 6M: 10.22%
• 1Y: 30.20%
• 3Y*: 21.59%
• 5Y*: —
• 10Y*: —

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

IQDY vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IQDY FlexShares International Quality Dividend Dynamic Index Fund	17.90%	37.44%	5.97%	23.45%	9.05%
IDVO Amplify CWP International Enhanced Dividend Income ETF	11.04%	36.46%	10.16%	17.53%	6.42%

Correlation

The correlation between IQDY and IDVO is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.86

The correlation between IQDY and IDVO has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

IQDY vs. IDVO - Sectors Allocation Comparison

Sectors	IQDY	IDVO
Financial Services	25.5%	19.9%
Technology	21.3%	10.7%
Industrials	13.8%	7.2%
Consumer Cyclical	8.7%	3.2%
Basic Materials	7.9%	17.1%
Energy	6.6%	12.5%
Healthcare	5.3%	7.8%
Consumer Defensive	3.4%	8.2%
Communication Services	3.3%	10.3%
Utilities	3.0%	3.2%
Real Estate	1.2%	-

Return for Risk

IQDY vs. IDVO — Risk / Return Rank

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

IQDY

IQDY Risk / Return Rank: 80
IQDY Sharpe Ratio Rank: 82
IQDY Sortino Ratio Rank: 77
IQDY Omega Ratio Rank: 80
IQDY Calmar Ratio Rank: 81
IQDY Martin Ratio Rank: 82

IDVO

IDVO Risk / Return Rank: 66
IDVO Sharpe Ratio Rank: 66
IDVO Sortino Ratio Rank: 63
IDVO Omega Ratio Rank: 66
IDVO Calmar Ratio Rank: 68
IDVO Martin Ratio Rank: 69

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. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.86	+0.41
Sortino ratio: Return per unit of downside risk	3.00	2.53	+0.47
Omega ratio: Gain probability vs. loss probability	1.41	1.34	+0.07
Calmar ratio: Return relative to maximum drawdown	3.72	2.93	+0.79
Martin ratio: Return relative to average drawdown	14.25	11.01	+3.23

IQDY vs. IDVO - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 2.27, which is comparable to the IDVO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IQDY and IDVO, 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. IDVO - Drawdown Comparison

The maximum IQDY drawdown since its inception was -39.60%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for IQDY and IDVO.

Drawdown Indicators

	IQDY	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-15.46%	-24.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-10.37%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	-15.46%	+0.70%
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	-2.94%	-3.92%	+0.98%
Average Drawdown Average peak-to-trough decline	-9.07%	-2.30%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.75%	-0.04%

Volatility

IQDY vs. IDVO - Volatility Comparison

FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 7.26% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 5.93%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQDY	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	5.93%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	13.94%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	16.31%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	16.48%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	16.48%	+1.75%

IQDY vs. IDVO - Expense Ratio Comparison

IQDY has a 0.47% expense ratio, which is lower than IDVO's 0.65% expense ratio.

Dividends

IQDY vs. IDVO - Dividend Comparison

IQDY's dividend yield for the trailing twelve months is around 2.97%, less than IDVO's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.63%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both IQDY and IDVO in my portfolio?

IQDY and IDVO have a correlation of 0.86, 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 IDVO?

IQDY has higher volatility (7.26%) compared to IDVO (5.93%). In terms of maximum drawdown, IQDY dropped -39.60% vs IDVO's -15.46%.

Which ETF is better, IQDY or IDVO?

On 3-year performance, IQDY leads with 24.40% vs 21.59% for IDVO. On fees, IQDY is cheaper at 0.47% per year. On volatility, IDVO has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQDY or IDVO?

Over the 3-year period, IQDY has performed better with a 24.40% return vs 21.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or IDVO?

IQDY is cheaper with a 0.47% expense ratio, compared with 0.65% for IDVO.

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

IDVO has the higher dividend yield at 5.63%, compared with 2.97% for IQDY.

What is the main difference between IQDY and IDVO?

IQDY is categorized as Foreign Large Cap Equities, while IDVO is Derivative Income. They also come from different issuers: Northern Trust and Amplify. Their fees differ too: 0.47% for IQDY and 0.65% for IDVO.

Which has better risk-adjusted returns?

IQDY currently has the higher Sharpe Ratio (2.27 vs 1.86), 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.