IQDY vs. IEI
Compare and contrast key facts about FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and iShares 3-7 Year Treasury Bond ETF (IEI).
IQDY and IEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQDY is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Dynamic Index. It was launched on Apr 12, 2013. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both IQDY and IEI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQDY or IEI.
Key characteristics
| IQDY | IEI | |
|---|---|---|
| YTD Return | 1.36% | -2.11% |
| 1Y Return | 14.06% | -1.31% |
| 3Y Return (Ann) | 2.27% | -2.84% |
| 5Y Return (Ann) | 7.10% | 0.06% |
| 10Y Return (Ann) | 4.61% | 0.92% |
| Sharpe Ratio | 0.89 | -0.09 |
| Daily Std Dev | 14.11% | 5.11% |
| Max Drawdown | -39.59% | -14.60% |
| Current Drawdown | -3.00% | -10.29% |
Correlation
The correlation between IQDY and IEI is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IQDY vs. IEI - Performance Comparison
In the year-to-date period, IQDY achieves a 1.36% return, which is significantly higher than IEI's -2.11% return. Over the past 10 years, IQDY has outperformed IEI with an annualized return of 4.61%, while IEI has yielded a comparatively lower 0.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IQDY vs. IEI - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than IEI's 0.15% expense ratio.
Risk-Adjusted Performance
IQDY vs. IEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and iShares 3-7 Year Treasury Bond ETF (IEI). 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.
Dividends
IQDY vs. IEI - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 6.18%, more than IEI's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 6.18% | 6.45% | 5.52% | 3.88% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% | 4.34% | 2.33% |
IEI iShares 3-7 Year Treasury Bond ETF | 2.77% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
Drawdowns
IQDY vs. IEI - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.59%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for IQDY and IEI. For additional features, visit the drawdowns tool.
Volatility
IQDY vs. IEI - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 3.79% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 1.40%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.