QIDX vs. FDLS

Last updated Jun 24, 2026

QIDX (Indexperts Quality Earnings Focused ETF) and FDLS (Inspire Fidelis Multi Factor ETF) are both Mid Cap Blend Equities funds. QIDX is actively managed, while FDLS is passively managed. Over the past year, QIDX returned 12.09% vs 34.59% for FDLS. Their correlation of 0.84 suggests significant overlap in exposure. QIDX charges 0.50%/yr vs 0.76%/yr for FDLS.

Performance

QIDX vs. FDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Indexperts Quality Earnings Focused ETF (QIDX) and Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QIDX achieves a 7.83% return, which is significantly lower than FDLS's 16.11% return.

QIDX

• 1D: -0.33%
• 1M: 1.28%
• YTD: 7.83%
• 6M: 6.85%
• 1Y: 12.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDLS

• 1D: -1.04%
• 1M: 2.31%
• YTD: 16.11%
• 6M: 14.16%
• 1Y: 34.59%
• 3Y*: 19.80%
• 5Y*: —
• 10Y*: —

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

QIDX vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025
QIDX Indexperts Quality Earnings Focused ETF	7.83%	6.60%
FDLS Inspire Fidelis Multi Factor ETF	16.11%	22.47%

Correlation

The correlation between QIDX and FDLS is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	0.84

The correlation between QIDX and FDLS has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

QIDX vs. FDLS — Risk / Return Rank

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

QIDX

QIDX Risk / Return Rank: 35
QIDX Sharpe Ratio Rank: 33
QIDX Sortino Ratio Rank: 33
QIDX Omega Ratio Rank: 30
QIDX Calmar Ratio Rank: 38
QIDX Martin Ratio Rank: 40

FDLS

FDLS Risk / Return Rank: 71
FDLS Sharpe Ratio Rank: 67
FDLS Sortino Ratio Rank: 68
FDLS Omega Ratio Rank: 63
FDLS Calmar Ratio Rank: 76
FDLS Martin Ratio Rank: 79

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.

QIDX vs. FDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Indexperts Quality Earnings Focused ETF (QIDX) and Inspire Fidelis Multi Factor ETF (FDLS). 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.

	QIDX	FDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.10	2.04	-0.94
Sortino ratio: Return per unit of downside risk	1.63	2.87	-1.24
Omega ratio: Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio: Return relative to maximum drawdown	1.75	3.64	-1.89
Martin ratio: Return relative to average drawdown	5.80	14.37	-8.56

QIDX vs. FDLS - Sharpe Ratio Comparison

The current QIDX Sharpe Ratio is 1.10, which is lower than the FDLS Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of QIDX and FDLS, 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

QIDX vs. FDLS - Drawdown Comparison

The maximum QIDX drawdown since its inception was -14.99%, smaller than the maximum FDLS drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for QIDX and FDLS.

Drawdown Indicators

	QIDX	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-14.99%	-23.32%	+8.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-9.55%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Current Drawdown Current decline from peak	-1.29%	-1.04%	-0.25%
Average Drawdown Average peak-to-trough decline	-2.24%	-3.85%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.41%	-0.32%

Volatility

QIDX vs. FDLS - Volatility Comparison

The current volatility for Indexperts Quality Earnings Focused ETF (QIDX) is 3.01%, while Inspire Fidelis Multi Factor ETF (FDLS) has a volatility of 5.36%. This indicates that QIDX experiences smaller price fluctuations and is considered to be less risky than FDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QIDX	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	5.36%	-2.35%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	12.85%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	17.06%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	19.07%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	19.07%	-4.53%

QIDX vs. FDLS - Expense Ratio Comparison

QIDX has a 0.50% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

QIDX vs. FDLS - Dividend Comparison

QIDX's dividend yield for the trailing twelve months is around 0.85%, which matches FDLS's 0.85% yield.

Position	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.85%	0.86%	7.26%	0.97%	0.31%
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QIDX and FDLS in my portfolio?

QIDX and FDLS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QIDX or FDLS?

FDLS has higher volatility (5.36%) compared to QIDX (3.01%). In terms of maximum drawdown, QIDX dropped -14.99% vs FDLS's -23.32%.

Which ETF is better, QIDX or FDLS?

On 1-year performance, FDLS leads with 34.59% vs 12.09% for QIDX. On fees, QIDX is cheaper at 0.50% per year. On volatility, QIDX has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QIDX or FDLS?

Over the 1-year period, FDLS has performed better with a 34.59% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QIDX or FDLS?

QIDX is cheaper with a 0.50% expense ratio, compared with 0.76% for FDLS.

Which ETF pays a higher dividend yield, QIDX or FDLS?

QIDX and FDLS have nearly identical dividend yields, around 0.85%.

What is the main difference between QIDX and FDLS?

They also come from different issuers: Indexperts and Inspire. Their fees differ too: 0.50% for QIDX and 0.76% for FDLS.

Which has better risk-adjusted returns?

FDLS currently has the higher Sharpe Ratio (2.04 vs 1.10), 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.