IQSI vs. FIDI
IQSI (IQ Candriam ESG International Equity ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - IQSI tracks the IQ Candriam ESG International Equity Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, IQSI returned 8.09%/yr vs 12.48%/yr for FIDI. Their correlation of 0.86 means they have usually moved in the same direction. IQSI charges 0.15%/yr vs 0.39%/yr for FIDI.
Performance
IQSI vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, IQSI achieves a 11.22% return, which is significantly lower than FIDI's 15.39% return.
IQSI
- 1D
- 0.31%
- 1M
- 0.32%
- 6M
- 5.61%
- YTD
- 11.22%
- 1Y
- 22.43%
- 3Y*
- 15.55%
- 5Y*
- 8.09%
- 10Y*
- —
- ALL TIME*
- 9.55%
FIDI
- 1D
- -0.17%
- 1M
- 5.79%
- 6M
- 9.31%
- YTD
- 15.39%
- 1Y
- 31.09%
- 3Y*
- 20.22%
- 5Y*
- 12.48%
- 10Y*
- —
- ALL TIME*
- 6.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.67M | $1.97M | $1.82M | |
| $66.39K | $361.19K | $950.83K |
IQSI vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSI IQ Candriam ESG International Equity ETF | 11.22% | 26.95% | 4.84% | 16.21% | -14.76% | 12.70% | 10.36% | 0.38% |
FIDI Fidelity International High Dividend ETF | 15.39% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | -0.66% |
Correlation
The correlation between IQSI and FIDI is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2019 | 0.86 |
The correlation between IQSI and FIDI has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
IQSI vs. FIDI — Risk / Return Rank
IQSI
FIDI
IQSI vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG International Equity ETF (IQSI) and Fidelity International High Dividend ETF (FIDI). 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.
| IQSI | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 4.49 | -2.61 |
| Martin ratioReturn relative to average drawdown | 6.90 | 15.56 | -8.66 |
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Drawdowns
IQSI vs. FIDI - Drawdown Comparison
The maximum IQSI drawdown since its inception was -31.90%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for IQSI and FIDI.
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Drawdown Indicators
| IQSI | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.90% | -46.34% | +14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -6.96% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | -12.09% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -29.86% | -26.05% | -3.81% |
Current DrawdownCurrent decline from peak | -0.65% | -1.09% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -9.63% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.00% | +1.26% |
Volatility
IQSI vs. FIDI - Volatility Comparison
IQ Candriam ESG International Equity ETF (IQSI) has a higher volatility of 4.38% compared to Fidelity International High Dividend ETF (FIDI) at 2.78%. This indicates that IQSI's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSI | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 2.78% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 9.27% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 11.62% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 14.81% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 18.61% | +0.33% |
IQSI vs. FIDI - Expense Ratio Comparison
IQSI has a 0.15% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
IQSI vs. FIDI - Dividend Comparison
IQSI's dividend yield for the trailing twelve months is around 2.69%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
IQSI IQ Candriam ESG International Equity ETF | 2.69% | 2.75% | 2.79% | 2.98% | 2.89% | 2.75% | 1.65% | 0.00% | 0.00% |
Frequently Asked Questions
IQSI and FIDI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQSI has higher volatility (4.38%) compared to FIDI (2.78%). In terms of maximum drawdown, IQSI dropped -31.90% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 12.48% vs 8.09% for IQSI. On fees, IQSI is cheaper at 0.15% per year. On volatility, FIDI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 12.48% return vs 8.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQSI is cheaper with a 0.15% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 2.69% for IQSI.
IQSI tracks IQ Candriam ESG International Equity Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: New York Life and Fidelity. Their fees differ too: 0.15% for IQSI and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.69 vs 1.43), 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.
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