ROE vs. IDHQ
ROE (Astoria US Equal Weight Quality Kings ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds. ROE is actively managed, while IDHQ is passively managed. Over the past 3 years, ROE returned 21.23%/yr vs 20.69%/yr for IDHQ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ROE charges 0.49%/yr vs 0.29%/yr for IDHQ.
Performance
ROE vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, ROE achieves a 21.52% return, which is significantly lower than IDHQ's 27.25% return.
ROE
- 1D
- 0.98%
- 1M
- 1.61%
- 6M
- 15.98%
- YTD
- 21.52%
- 1Y
- 34.66%
- 3Y*
- 21.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.65%
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 | |
| $1.14M | $1.17M | $931.17K |
ROE vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ROE Astoria US Equal Weight Quality Kings ETF | 21.52% | 17.20% | 18.34% | 4.31% |
IDHQ Invesco S&P International Developed High Quality ETF | 27.25% | 27.46% | 1.33% | 3.67% |
Correlation
The correlation between ROE and IDHQ is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023 | 0.71 |
The correlation between ROE and IDHQ has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
ROE vs. IDHQ — Risk / Return Rank
ROE
IDHQ
ROE vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) 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.
| ROE | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 3.17 | +0.85 |
| Martin ratioReturn relative to average drawdown | 17.11 | 12.70 | +4.41 |
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Drawdowns
ROE vs. IDHQ - Drawdown Comparison
The maximum ROE drawdown since its inception was -19.10%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for ROE and IDHQ.
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Drawdown Indicators
| ROE | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -73.84% | +54.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -13.44% | +4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -14.07% | -5.03% |
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 | -0.34% | -0.27% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -21.03% | +18.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.35% | -1.32% |
Volatility
ROE vs. IDHQ - Volatility Comparison
The current volatility for Astoria US Equal Weight Quality Kings ETF (ROE) is 3.61%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 4.02%. This indicates that ROE 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
| ROE | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 4.02% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 18.89% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 20.72% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 17.86% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.98% | -2.11% |
ROE vs. IDHQ - Expense Ratio Comparison
ROE has a 0.49% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
ROE vs. IDHQ - Dividend Comparison
ROE's dividend yield for the trailing twelve months is around 1.00%, 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% |
ROE Astoria US Equal Weight Quality Kings ETF | 1.00% | 0.97% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ROE and IDHQ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.02%) compared to ROE (3.61%). In terms of maximum drawdown, ROE dropped -19.10% vs IDHQ's -73.84%.
On 3-year performance, ROE leads with 21.23% vs 20.69% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, ROE has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ROE has performed better with a 21.23% return vs 20.69%. 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 0.49% for ROE.
IDHQ has the higher dividend yield at 1.99%, compared with 1.00% for ROE.
They also come from different issuers: Astoria and Invesco. Their fees differ too: 0.49% for ROE and 0.29% for IDHQ.
ROE currently has the higher Sharpe Ratio (2.32 vs 2.06), 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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