PQNT vs. IDHQ

Last updated Jul 24, 2026

PQNT (Pictet AI Enhanced International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - PQNT is a Foreign Large Cap Equities fund actively managed by Pictet, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. PQNT is actively managed, while IDHQ is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. PQNT charges 0.30%/yr vs 0.29%/yr for IDHQ.

Performance

PQNT vs. IDHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet AI Enhanced International Equity ETF (PQNT) 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, PQNT achieves a 6.44% return, which is significantly lower than IDHQ's 23.13% return.

PQNT

• 1D: -1.51%
• 1M: -0.18%
• 6M: 3.67%
• YTD: 6.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IDHQ

• 1D: -0.70%
• 1M: -0.02%
• 6M: 17.13%
• YTD: 23.13%
• 1Y: 30.91%
• 3Y*: 18.49%
• 5Y*: 9.15%
• 10Y*: 10.46%
• ALL TIME*: 5.19%

*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	$6.32M	$6.15M	$5.11M
PQNT Pictet AI Enhanced International Equity ETF	$400.63	$1.86K	$14.02K

PQNT vs. IDHQ - Yearly Performance Comparison

	2026 (YTD)	2025
PQNT Pictet AI Enhanced International Equity ETF	6.44%	4.20%
IDHQ Invesco S&P International Developed High Quality ETF	23.13%	3.03%

Correlation

The correlation between PQNT and IDHQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025	0.91

Return for Risk

PQNT vs. IDHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PQNT

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

IDHQ

IDHQ Risk / Return Rank: 63
IDHQ Sharpe Ratio Rank: 60
IDHQ Sortino Ratio Rank: 61
IDHQ Omega Ratio Rank: 61
IDHQ Calmar Ratio Rank: 62
IDHQ Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PQNT vs. IDHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced International Equity ETF (PQNT) 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.

	PQNT	IDHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.20	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.31	—
Martin ratio: Return relative to average drawdown	—	9.13	—

Drawdowns

PQNT vs. IDHQ - Drawdown Comparison

The maximum PQNT drawdown since its inception was -11.16%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for PQNT and IDHQ.

Drawdown Indicators

	PQNT	IDHQ	Difference
Max Drawdown Largest peak-to-trough decline	-11.16%	-73.84%	+62.68%
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	-2.92%	-3.23%	+0.31%
Average Drawdown Average peak-to-trough decline	-2.13%	-21.05%	+18.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.43%	—

Volatility

Volatility by Period

	PQNT	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	20.78%	-3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	17.84%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.96%	-0.98%

PQNT vs. IDHQ - Expense Ratio Comparison

PQNT has a 0.30% expense ratio, which is higher than IDHQ's 0.29% expense ratio.

Dividends

PQNT vs. IDHQ - Dividend Comparison

PQNT's dividend yield for the trailing twelve months is around 0.37%, less than IDHQ's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDHQ Invesco S&P International Developed High Quality ETF	2.06%	2.46%	2.41%	2.52%	3.33%	2.10%	1.60%	2.10%	2.67%	1.68%	2.36%	1.71%
PQNT Pictet AI Enhanced International Equity ETF	0.37%	0.39%	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 PQNT and IDHQ in my portfolio?

With a correlation of 0.91, PQNT 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, PQNT 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, PQNT or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.30% for PQNT.

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

IDHQ has the higher dividend yield at 2.06%, compared with 0.37% for PQNT.

What is the main difference between PQNT and IDHQ?

PQNT is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. They also come from different issuers: Pictet and Invesco. Their fees differ too: 0.30% for PQNT and 0.29% for IDHQ.