PIEL vs. IDHQ

Last updated Aug 1, 2026

PIEL (Pacer International Export Leaders ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - PIEL is a Foreign Large Cap Equities fund tracking the Pacer International Export Leaders Index, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Their correlation of 0.93 means they have usually moved in the same direction. PIEL charges 0.60%/yr vs 0.29%/yr for IDHQ.

Performance

PIEL vs. IDHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer International Export Leaders ETF (PIEL) and Invesco S&P International Developed High Quality ETF (IDHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIEL achieves a 12.32% return, which is significantly lower than IDHQ's 26.27% return.

PIEL

• 1D: -0.39%
• 1M: -3.22%
• 6M: 8.29%
• YTD: 12.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IDHQ

• 1D: -1.04%
• 1M: -0.18%
• 6M: 17.73%
• YTD: 26.27%
• 1Y: 41.32%
• 3Y*: 19.52%
• 5Y*: 9.70%
• 10Y*: 10.64%
• ALL TIME*: 5.32%

*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)
IDHQ Invesco S&P International Developed High Quality ETF	$5.89M	$6.19M	$5.51M
PIEL Pacer International Export Leaders ETF	$1.50K	$4.13K	$8.68K

PIEL vs. IDHQ - Yearly Performance Comparison

	2026 (YTD)	2025
PIEL Pacer International Export Leaders ETF	12.32%	-0.43%
IDHQ Invesco S&P International Developed High Quality ETF	26.27%	0.30%

Correlation

The correlation between PIEL and IDHQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.93

Return for Risk

PIEL vs. IDHQ — Risk / Return Rank

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

PIEL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDHQ

IDHQ Risk / Return Rank: 84
IDHQ Sharpe Ratio Rank: 84
IDHQ Sortino Ratio Rank: 84
IDHQ Omega Ratio Rank: 84
IDHQ Calmar Ratio Rank: 82
IDHQ Martin Ratio Rank: 86

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.

PIEL vs. IDHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer International Export Leaders ETF (PIEL) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.

	PIEL	IDHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.77	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.03	—
Martin ratio: Return relative to average drawdown	—	12.14	—

Drawdowns

PIEL vs. IDHQ - Drawdown Comparison

The maximum PIEL drawdown since its inception was -14.67%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for PIEL and IDHQ.

Drawdown Indicators

	PIEL	IDHQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-73.84%	+59.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.54%	—
Current Drawdown Current decline from peak	-6.03%	-1.04%	-4.99%
Average Drawdown Average peak-to-trough decline	-3.72%	-21.03%	+17.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.35%	—

Volatility

Volatility by Period

	PIEL	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.42%	20.74%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.42%	17.85%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.42%	17.97%	+6.45%

PIEL vs. IDHQ - Expense Ratio Comparison

PIEL has a 0.60% expense ratio, which is higher than IDHQ's 0.29% expense ratio.

Dividends

PIEL vs. IDHQ - Dividend Comparison

PIEL has not paid dividends to shareholders, while IDHQ's dividend yield for the trailing twelve months is around 2.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDHQ Invesco S&P International Developed High Quality ETF	2.01%	2.46%	2.41%	2.52%	3.33%	2.10%	1.60%	2.10%	2.67%	1.68%	2.36%	1.71%
PIEL Pacer International Export Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PIEL and IDHQ in my portfolio?

With a correlation of 0.93, PIEL and IDHQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PIEL or IDHQ?

On fees, IDHQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PIEL or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.60% for PIEL.

Which ETF pays a higher dividend yield, PIEL or IDHQ?

IDHQ has the higher dividend yield at 2.01%, compared with 0.00% for PIEL.

What is the main difference between PIEL and IDHQ?

PIEL is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. PIEL tracks Pacer International Export Leaders Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for PIEL and 0.29% for IDHQ.