IQSI vs. HFXI
Compare and contrast key facts about IQ Candriam ESG International Equity ETF (IQSI) and IQ 50 Percent Hedged FTSE International ETF (HFXI).
IQSI and HFXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQSI is a passively managed fund by New York Life that tracks the performance of the IQ Candriam ESG International Equity Index. It was launched on Dec 17, 2019. HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. Both IQSI and HFXI 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: IQSI or HFXI.
Correlation
The correlation between IQSI and HFXI is 0.92, 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.
Performance
IQSI vs. HFXI - Performance Comparison
Key characteristics
IQSI:
0.68
HFXI:
0.91
IQSI:
1.02
HFXI:
1.32
IQSI:
1.12
HFXI:
1.16
IQSI:
0.81
HFXI:
1.20
IQSI:
1.91
HFXI:
3.60
IQSI:
4.66%
HFXI:
3.01%
IQSI:
13.11%
HFXI:
11.87%
IQSI:
-31.90%
HFXI:
-32.42%
IQSI:
-3.44%
HFXI:
-1.39%
Returns By Period
In the year-to-date period, IQSI achieves a 7.04% return, which is significantly higher than HFXI's 6.33% return.
IQSI
7.04%
3.83%
-1.79%
7.47%
6.99%
N/A
HFXI
6.33%
3.13%
2.08%
9.50%
8.40%
N/A
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IQSI vs. HFXI - Expense Ratio Comparison
IQSI has a 0.15% expense ratio, which is lower than HFXI's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IQSI vs. HFXI — Risk-Adjusted Performance Rank
IQSI
HFXI
IQSI vs. HFXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG International Equity ETF (IQSI) and IQ 50 Percent Hedged FTSE International ETF (HFXI). 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
IQSI vs. HFXI - Dividend Comparison
IQSI's dividend yield for the trailing twelve months is around 2.61%, more than HFXI's 2.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IQSI IQ Candriam ESG International Equity ETF | 2.61% | 2.79% | 2.98% | 2.89% | 2.75% | 1.65% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
HFXI IQ 50 Percent Hedged FTSE International ETF | 2.52% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.55% | 3.47% | 0.78% |
Drawdowns
IQSI vs. HFXI - Drawdown Comparison
The maximum IQSI drawdown since its inception was -31.90%, roughly equal to the maximum HFXI drawdown of -32.42%. Use the drawdown chart below to compare losses from any high point for IQSI and HFXI. For additional features, visit the drawdowns tool.
Volatility
IQSI vs. HFXI - Volatility Comparison
IQ Candriam ESG International Equity ETF (IQSI) has a higher volatility of 3.33% compared to IQ 50 Percent Hedged FTSE International ETF (HFXI) at 3.06%. This indicates that IQSI's price experiences larger fluctuations and is considered to be riskier than HFXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.