PXF vs. IDHQ
PXF (Invesco RAFI Developed Markets ex-U.S. ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds from Invesco - PXF tracks the RAFI Fundamental Select Developed ex-US 1000 Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, PXF returned 11.55%/yr vs 10.54%/yr for IDHQ. A 0.78 correlation means they provide meaningful diversification when combined. PXF charges 0.43%/yr vs 0.29%/yr for IDHQ.
Performance
PXF vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, PXF achieves a 16.60% return, which is significantly lower than IDHQ's 23.96% return. Over the past 10 years, PXF has outperformed IDHQ with an annualized return of 11.55%, while IDHQ has yielded a comparatively lower 10.54% annualized return.
PXF
- 1D
- -1.13%
- 1M
- -1.85%
- 6M
- 12.77%
- YTD
- 16.60%
- 1Y
- 35.24%
- 3Y*
- 22.04%
- 5Y*
- 13.58%
- 10Y*
- 11.55%
IDHQ
- 1D
- -1.06%
- 1M
- 3.48%
- 6M
- 17.70%
- YTD
- 23.96%
- 1Y
- 34.45%
- 3Y*
- 18.63%
- 5Y*
- 9.11%
- 10Y*
- 10.54%
PXF vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXF Invesco RAFI Developed Markets ex-U.S. ETF | 16.60% | 42.51% | 4.54% | 18.46% | -9.09% | 15.93% | 2.58% | 17.50% | -14.84% | 24.52% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.96% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between PXF and IDHQ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2007 | 0.78 |
The correlation between PXF and IDHQ shifts across timeframes, from 0.78 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PXF vs. IDHQ — Risk / Return Rank
PXF
IDHQ
PXF vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Developed Markets ex-U.S. ETF (PXF) 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.
| PXF | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.58 | +0.67 |
| Martin ratioReturn relative to average drawdown | 11.71 | 10.14 | +1.57 |
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Drawdowns
PXF vs. IDHQ - Drawdown Comparison
The maximum PXF drawdown since its inception was -64.74%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for PXF and IDHQ.
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Drawdown Indicators
| PXF | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.74% | -73.84% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -13.44% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -14.06% | -14.07% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -33.54% | +6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | -33.54% | -8.05% |
Current DrawdownCurrent decline from peak | -3.85% | -2.57% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -21.09% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.41% | -0.39% |
Volatility
PXF vs. IDHQ - Volatility Comparison
The current volatility for Invesco RAFI Developed Markets ex-U.S. ETF (PXF) is 5.75%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 7.92%. This indicates that PXF experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXF | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 7.92% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 18.93% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 20.78% | -4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 17.85% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 17.97% | -0.22% |
PXF vs. IDHQ - Expense Ratio Comparison
PXF has a 0.43% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
PXF vs. IDHQ - Dividend Comparison
PXF's dividend yield for the trailing twelve months is around 3.15%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.04% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
PXF Invesco RAFI Developed Markets ex-U.S. ETF | 3.15% | 3.64% | 3.48% | 3.55% | 3.58% | 3.74% | 2.11% | 3.50% | 3.38% | 2.78% | 3.21% | 3.10% |
Frequently Asked Questions
PXF and IDHQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (7.92%) compared to PXF (5.75%). In terms of maximum drawdown, PXF dropped -64.74% vs IDHQ's -73.84%.
On 10-year performance, PXF leads with 11.55% vs 10.54% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, PXF has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXF has performed better with a 11.55% return vs 10.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.43% for PXF.
PXF has the higher dividend yield at 3.15%, compared with 2.04% for IDHQ.
PXF tracks RAFI Fundamental Select Developed ex-US 1000 Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Their fees differ too: 0.43% for PXF and 0.29% for IDHQ.
PXF currently has the higher Sharpe Ratio (2.15 vs 1.67), 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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