IQDY vs. IQDE
Compare and contrast key facts about FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and FlexShares International Quality Dividend Defensive Index ETF (IQDE).
IQDY and IQDE 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. IQDE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Defensive Index. It was launched on Apr 12, 2013. Both IQDY and IQDE 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 IQDE.
Performance
IQDY vs. IQDE - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IQDY having a 5.48% return and IQDE slightly lower at 5.45%. Over the past 10 years, IQDY has outperformed IQDE with an annualized return of 5.47%, while IQDE has yielded a comparatively lower 2.66% annualized return.
IQDY
5.48%
-4.79%
-2.00%
14.11%
7.42%
5.47%
IQDE
5.45%
-4.49%
-1.69%
11.70%
4.06%
2.66%
Key characteristics
| IQDY | IQDE | |
|---|---|---|
| Sharpe Ratio | 0.90 | 1.02 |
| Sortino Ratio | 1.33 | 1.47 |
| Omega Ratio | 1.16 | 1.18 |
| Calmar Ratio | 1.42 | 1.20 |
| Martin Ratio | 4.41 | 4.97 |
| Ulcer Index | 3.04% | 2.46% |
| Daily Std Dev | 14.92% | 11.97% |
| Max Drawdown | -39.59% | -38.85% |
| Current Drawdown | -8.76% | -7.82% |
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IQDY vs. IQDE - Expense Ratio Comparison
Both IQDY and IQDE have an expense ratio of 0.47%.
Correlation
The correlation between IQDY and IQDE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IQDY vs. IQDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and FlexShares International Quality Dividend Defensive Index ETF (IQDE). 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. IQDE - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 5.32%, more than IQDE's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 5.32% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% | 4.34% | 2.34% |
IQDE FlexShares International Quality Dividend Defensive Index ETF | 3.88% | 5.51% | 5.28% | 3.98% | 3.10% | 4.84% | 5.15% | 4.51% | 3.67% | 4.95% | 4.02% | 1.82% |
Drawdowns
IQDY vs. IQDE - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.59%, roughly equal to the maximum IQDE drawdown of -38.85%. Use the drawdown chart below to compare losses from any high point for IQDY and IQDE. For additional features, visit the drawdowns tool.
Volatility
IQDY vs. IQDE - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 4.95% compared to FlexShares International Quality Dividend Defensive Index ETF (IQDE) at 3.73%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than IQDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.