QSML vs. IDHQ
QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds - QSML tracks the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past year, QSML returned 31.80% vs 42.41% for IDHQ. Their 0.61 correlation means they have sometimes moved together and sometimes differently. QSML charges 0.38%/yr vs 0.29%/yr for IDHQ.
Performance
QSML vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, QSML achieves a 19.46% return, which is significantly lower than IDHQ's 27.25% return.
QSML
- 1D
- 1.98%
- 1M
- 2.30%
- 6M
- 15.89%
- YTD
- 19.46%
- 1Y
- 31.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
IDHQ
- 1D
- 0.78%
- 1M
- 0.59%
- 6M
- 18.33%
- YTD
- 27.25%
- 1Y
- 42.41%
- 3Y*
- 20.69%
- 5Y*
- 9.61%
- 10Y*
- 10.76%
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.00M | $6.33M | $5.63M | |
| $17.22K | $17.81K | $19.02K |
QSML vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QSML Wisdomtree U.S. Smallcap Quality Growth Fund | 19.46% | 5.49% | 9.93% |
IDHQ Invesco S&P International Developed High Quality ETF | 27.25% | 27.46% | 1.79% |
Correlation
The correlation between QSML and IDHQ is 0.61, 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. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.61 |
The correlation between QSML and IDHQ has been stable across timeframes, ranging from 0.61 to 0.61 - a consistent structural relationship.
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Return for Risk
QSML vs. IDHQ — Risk / Return Rank
QSML
IDHQ
QSML vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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.
| QSML | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.17 | -0.19 |
| Martin ratioReturn relative to average drawdown | 10.05 | 12.70 | -2.65 |
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Drawdowns
QSML vs. IDHQ - Drawdown Comparison
The maximum QSML drawdown since its inception was -28.54%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for QSML and IDHQ.
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Drawdown Indicators
| QSML | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.54% | -73.84% | +45.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -13.44% | +2.72% |
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 DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -21.03% | +15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.35% | -0.18% |
Volatility
QSML vs. IDHQ - Volatility Comparison
Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.71% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 4.02%. This indicates that QSML's price experiences larger fluctuations and is considered to be riskier 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
| QSML | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.02% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 18.89% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.49% | 20.72% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 17.86% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 17.98% | +2.61% |
QSML vs. IDHQ - Expense Ratio Comparison
QSML has a 0.38% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
QSML vs. IDHQ - Dividend Comparison
QSML's dividend yield for the trailing twelve months is around 0.52%, less than IDHQ's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 1.99% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
QSML Wisdomtree U.S. Smallcap Quality Growth Fund | 0.52% | 0.62% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QSML and IDHQ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSML has higher volatility (4.71%) compared to IDHQ (4.02%). In terms of maximum drawdown, QSML dropped -28.54% vs IDHQ's -73.84%.
On 1-year performance, IDHQ leads with 42.41% vs 31.80% for QSML. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IDHQ has performed better with a 42.41% return vs 31.80%. 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 0.38% for QSML.
IDHQ has the higher dividend yield at 1.99%, compared with 0.52% for QSML.
QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for QSML and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (2.06 vs 1.83), 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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