IQDY vs. IQDG

Last updated Aug 2, 2026

IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and IQDG (WisdomTree International Quality Dividend Growth Fund) are both Quality Factor funds - IQDY tracks the Northern Trust International Quality Dividend Dynamic Index while IQDG tracks the WisdomTree International Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, IQDY returned 11.32%/yr vs 8.03%/yr for IQDG. Their correlation of 0.84 means they have usually moved in the same direction. IQDY charges 0.47%/yr vs 0.42%/yr for IQDG.

Performance

IQDY vs. IQDG - Performance Comparison

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

Returns By Period

In the year-to-date period, IQDY achieves a 17.07% return, which is significantly higher than IQDG's 6.88% return. Over the past 10 years, IQDY has outperformed IQDG with an annualized return of 11.32%, while IQDG has yielded a comparatively lower 8.03% annualized return.

IQDY

• 1D: -0.20%
• 1M: 0.10%
• 6M: 9.73%
• YTD: 17.07%
• 1Y: 36.33%
• 3Y*: 22.36%
• 5Y*: 12.33%
• 10Y*: 11.32%
• ALL TIME*: 8.81%

IQDG

• 1D: -0.80%
• 1M: 0.30%
• 6M: 2.77%
• YTD: 6.88%
• 1Y: 19.33%
• 3Y*: 10.48%
• 5Y*: 4.11%
• 10Y*: 8.03%
• ALL TIME*: 8.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQDG WisdomTree International Quality Dividend Growth Fund	$1.13M	$1.22M	$2.15M
IQDY FlexShares International Quality Dividend Dynamic Index Fund	$954.98K	$579.98K	$424.72K

IQDY vs. IQDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQDY FlexShares International Quality Dividend Dynamic Index Fund	17.07%	37.44%	5.97%	23.45%	-15.78%	12.00%	9.54%	27.27%	-20.04%	24.06%
IQDG WisdomTree International Quality Dividend Growth Fund	6.88%	24.19%	-3.38%	20.76%	-19.97%	12.28%	16.58%	30.03%	-16.81%	30.64%

Correlation

The correlation between IQDY and IQDG is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Apr 7, 2016	0.84

The correlation between IQDY and IQDG has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

IQDY vs. IQDG - Sectors Allocation Comparison

Sectors	IQDY	IQDG
Financial Services	26.3%	15.1%
Technology	24.3%	8.3%
Industrials	14.2%	19.4%
Consumer Cyclical	8.8%	19.6%
Basic Materials	7.7%	5.4%
Healthcare	5.3%	9.4%
Energy	4.8%	3.7%
Consumer Defensive	2.9%	4.3%
Communication Services	2.5%	4.2%
Utilities	2.1%	0.8%
Real Estate	1.2%	0.3%

Return for Risk

IQDY vs. IQDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQDY

IQDY Risk / Return Rank: 84
IQDY Sharpe Ratio Rank: 85
IQDY Sortino Ratio Rank: 82
IQDY Omega Ratio Rank: 83
IQDY Calmar Ratio Rank: 86
IQDY Martin Ratio Rank: 86

IQDG

IQDG Risk / Return Rank: 44
IQDG Sharpe Ratio Rank: 45
IQDG Sortino Ratio Rank: 46
IQDG Omega Ratio Rank: 43
IQDG Calmar Ratio Rank: 42
IQDG Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IQDY vs. IQDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and WisdomTree International Quality Dividend Growth Fund (IQDG). 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	IQDG	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.11	+0.87
Sortino ratio: Return per unit of downside risk	2.67	1.67	+1.01
Omega ratio: Gain probability vs. loss probability	1.36	1.20	+0.15
Calmar ratio: Return relative to maximum drawdown	3.38	1.50	+1.88
Martin ratio: Return relative to average drawdown	12.15	5.04	+7.11

IQDY vs. IQDG - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 1.98, which is higher than the IQDG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of IQDY and IQDG, 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. IQDG - Drawdown Comparison

The maximum IQDY drawdown since its inception was -39.60%, which is greater than IQDG's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for IQDY and IQDG.

Drawdown Indicators

	IQDY	IQDG	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-34.97%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-12.35%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	-18.12%	+3.36%
Max Drawdown (5Y) Largest decline over 5 years	-32.30%	-34.97%	+2.67%
Max Drawdown (10Y) Largest decline over 10 years	-39.60%	-34.97%	-4.63%
Current Drawdown Current decline from peak	-3.62%	-0.80%	-2.82%
Average Drawdown Average peak-to-trough decline	-9.03%	-7.44%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.67%	-0.77%

Volatility

IQDY vs. IQDG - Volatility Comparison

FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 6.12% compared to WisdomTree International Quality Dividend Growth Fund (IQDG) at 4.61%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than IQDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQDY	IQDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	4.61%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	15.74%	14.24%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.80%	16.75%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	17.93%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	17.30%	+0.97%

IQDY vs. IQDG - Expense Ratio Comparison

IQDY has a 0.47% expense ratio, which is higher than IQDG's 0.42% expense ratio.

Dividends

IQDY vs. IQDG - Dividend Comparison

IQDY's dividend yield for the trailing twelve months is around 3.00%, more than IQDG's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQDG WisdomTree International Quality Dividend Growth Fund	2.36%	2.28%	2.60%	1.76%	4.18%	2.67%	1.65%	1.95%	1.96%	1.71%	1.35%	0.00%
IQDY FlexShares International Quality Dividend Dynamic Index Fund	3.00%	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 IQDG in my portfolio?

IQDY and IQDG have a correlation of 0.88, 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 IQDG?

IQDY has higher volatility (6.12%) compared to IQDG (4.61%). In terms of maximum drawdown, IQDY dropped -39.60% vs IQDG's -34.97%.

Which ETF is better, IQDY or IQDG?

On 10-year performance, IQDY leads with 11.32% vs 8.03% for IQDG. On fees, IQDG is cheaper at 0.42% per year. On volatility, IQDG has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQDY or IQDG?

Over the 10-year period, IQDY has performed better with a 11.32% return vs 8.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or IQDG?

IQDG is cheaper with a 0.42% expense ratio, compared with 0.47% for IQDY.

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

IQDY has the higher dividend yield at 3.00%, compared with 2.36% for IQDG.

What is the main difference between IQDY and IQDG?

IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while IQDG tracks WisdomTree International Quality Dividend Growth Index. They also come from different issuers: Northern Trust and WisdomTree. Their fees differ too: 0.47% for IQDY and 0.42% for IQDG.

Which has better risk-adjusted returns?

IQDY currently has the higher Sharpe Ratio (1.98 vs 1.11), 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.