QLVD vs. IDHQ
QLVD (FlexShares Developed Markets ex-US Quality Low Volatility Index Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds - QLVD tracks the Northern Trust Developed Markets ex US Quality Low Volatility Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 5 years, QLVD returned 7.19%/yr vs 9.70%/yr for IDHQ. Their correlation of 0.84 means they have usually moved in the same direction. QLVD charges 0.32%/yr vs 0.29%/yr for IDHQ.
Performance
QLVD vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, QLVD achieves a 9.60% return, which is significantly lower than IDHQ's 26.27% return.
QLVD
- 1D
- -0.82%
- 1M
- 3.92%
- 6M
- 7.11%
- YTD
- 9.60%
- 1Y
- 16.16%
- 3Y*
- 13.56%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.53%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.89M | $6.19M | $5.51M | |
| $72.57K | $53.92K | $58.06K |
QLVD vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 9.60% | 24.21% | 4.67% | 11.57% | -12.09% | 9.04% | 3.00% | 6.26% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 10.42% |
Correlation
The correlation between QLVD and IDHQ is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.84 |
The correlation between QLVD and IDHQ shifts across timeframes, from 0.69 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QLVD vs. IDHQ — Risk / Return Rank
QLVD
IDHQ
QLVD vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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.
| QLVD | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.03 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.52 | 12.14 | -6.62 |
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Drawdowns
QLVD vs. IDHQ - Drawdown Comparison
The maximum QLVD drawdown since its inception was -28.20%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for QLVD and IDHQ.
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Drawdown Indicators
| QLVD | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -73.84% | +45.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -13.44% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -14.07% | +4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -33.54% | +9.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -0.82% | -1.04% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -21.03% | +15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.35% | -0.23% |
Volatility
QLVD vs. IDHQ - Volatility Comparison
The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 2.93%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 4.17%. This indicates that QLVD 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
| QLVD | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.17% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 18.92% | -10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 20.74% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.77% | 17.85% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 17.97% | -4.07% |
QLVD vs. IDHQ - Expense Ratio Comparison
QLVD has a 0.32% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
QLVD vs. IDHQ - Dividend Comparison
QLVD's dividend yield for the trailing twelve months is around 2.93%, more than IDHQ's 2.01% yield.
| 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% |
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund | 2.93% | 2.87% | 3.01% | 3.33% | 2.47% | 3.06% | 1.78% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QLVD and IDHQ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.17%) compared to QLVD (2.93%). In terms of maximum drawdown, QLVD dropped -28.20% vs IDHQ's -73.84%.
On 5-year performance, IDHQ leads with 9.70% vs 7.19% for QLVD. On fees, IDHQ is cheaper at 0.29% per year. On volatility, QLVD has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDHQ has performed better with a 9.70% return vs 7.19%. 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 0.32% for QLVD.
QLVD has the higher dividend yield at 2.93%, compared with 2.01% for IDHQ.
QLVD tracks Northern Trust Developed Markets ex US Quality Low Volatility Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Northern Trust and Invesco. Their fees differ too: 0.32% for QLVD and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.63), 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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