QETH vs. IDMO

Last updated Jul 16, 2026

QETH (Invesco Galaxy Ethereum ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - QETH is a Cryptocurrency fund actively managed by Invesco, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. QETH is actively managed, while IDMO is passively managed. Over the past year, QETH returned -37.03% vs 24.61% for IDMO. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

QETH vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Ethereum ETF (QETH) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QETH achieves a -35.31% return, which is significantly lower than IDMO's 10.02% return.

QETH

• 1D: 2.63%
• 1M: 5.69%
• 6M: -43.32%
• YTD: -35.31%
• 1Y: -37.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDMO

• 1D: 0.72%
• 1M: 0.15%
• 6M: 7.03%
• YTD: 10.02%
• 1Y: 24.61%
• 3Y*: 25.56%
• 5Y*: 15.87%
• 10Y*: 12.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QETH vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QETH Invesco Galaxy Ethereum ETF	-35.31%	-11.44%	-5.03%
IDMO Invesco S&P International Developed Momentum ETF	10.02%	42.17%	-1.86%

Correlation

The correlation between QETH and IDMO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.38

Return for Risk

QETH vs. IDMO — Risk / Return Rank

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

QETH

QETH Risk / Return Rank: 5
QETH Sharpe Ratio Rank: 5
QETH Sortino Ratio Rank: 5
QETH Omega Ratio Rank: 5
QETH Calmar Ratio Rank: 5
QETH Martin Ratio Rank: 5

IDMO

IDMO Risk / Return Rank: 50
IDMO Sharpe Ratio Rank: 47
IDMO Sortino Ratio Rank: 48
IDMO Omega Ratio Rank: 47
IDMO Calmar Ratio Rank: 49
IDMO Martin Ratio Rank: 57

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.

QETH vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	QETH	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	1.34	-1.88
Sortino ratio: Return per unit of downside risk	-0.48	1.95	-2.43
Omega ratio: Gain probability vs. loss probability	0.95	1.25	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.55	2.01	-2.55
Martin ratio: Return relative to average drawdown	-0.85	7.90	-8.76

QETH vs. IDMO - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is -0.54, which is lower than the IDMO Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QETH and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QETH vs. IDMO - Drawdown Comparison

The maximum QETH drawdown since its inception was -67.90%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for QETH and IDMO.

Drawdown Indicators

	QETH	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-67.90%	-39.38%	-28.52%
Max Drawdown (1Y) Largest decline over 1 year	-67.90%	-12.31%	-55.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.34%	—
Current Drawdown Current decline from peak	-60.36%	-2.38%	-57.98%
Average Drawdown Average peak-to-trough decline	-34.65%	-9.70%	-24.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.39%	3.12%	+40.27%

Volatility

QETH vs. IDMO - Volatility Comparison

Invesco Galaxy Ethereum ETF (QETH) has a higher volatility of 16.54% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 5.91%. This indicates that QETH's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QETH	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.54%	5.91%	+10.63%
Volatility (6M) Calculated over the trailing 6-month period	47.42%	16.78%	+30.64%
Volatility (1Y) Calculated over the trailing 1-year period	68.35%	18.50%	+49.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.84%	18.13%	+53.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.84%	17.89%	+53.95%

QETH vs. IDMO - Expense Ratio Comparison

Both QETH and IDMO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

QETH vs. IDMO - Dividend Comparison

QETH has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 3.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.63%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
QETH Invesco Galaxy Ethereum 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 QETH and IDMO in my portfolio?

QETH and IDMO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QETH or IDMO?

QETH has higher volatility (16.54%) compared to IDMO (5.91%). In terms of maximum drawdown, QETH dropped -67.90% vs IDMO's -39.38%.

Which ETF is better, QETH or IDMO?

On 1-year performance, IDMO leads with 24.61% vs -37.03% for QETH. Both ETFs have the same 0.25% expense ratio. On volatility, IDMO has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QETH or IDMO?

Over the 1-year period, IDMO has performed better with a 24.61% return vs -37.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QETH or IDMO?

QETH and IDMO have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, QETH or IDMO?

IDMO has the higher dividend yield at 3.63%, compared with 0.00% for QETH.

What is the main difference between QETH and IDMO?

QETH is categorized as Cryptocurrency, while IDMO is Momentum.

Which has better risk-adjusted returns?

IDMO currently has the higher Sharpe Ratio (1.34 vs -0.54), 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.