RWIN vs. IDHQ

Last updated Aug 5, 2026

RWIN (Rayliant NxtGen Multifactor International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - RWIN is a Foreign Large Cap Equities fund actively managed by Rayliant, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. RWIN is actively managed, while IDHQ is passively managed. Their correlation of 0.84 means they have usually moved in the same direction. RWIN charges 0.42%/yr vs 0.29%/yr for IDHQ.

Performance

RWIN vs. IDHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant NxtGen Multifactor International Equity ETF (RWIN) and Invesco S&P International Developed High Quality ETF (IDHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RWIN

• 1D: 1.12%
• 1M: 4.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IDHQ

• 1D: 1.31%
• 1M: 1.91%
• 6M: 20.17%
• YTD: 28.92%
• 1Y: 42.54%
• 3Y*: 21.22%
• 5Y*: 9.72%
• 10Y*: 10.90%
• ALL TIME*: 5.43%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDHQ Invesco S&P International Developed High Quality ETF	$6.18M	$6.44M	$5.74M
RWIN Rayliant NxtGen Multifactor International Equity ETF	$5.81K	$6.02K	$8.35K

RWIN vs. IDHQ - Yearly Performance Comparison

	2026 (YTD)
RWIN Rayliant NxtGen Multifactor International Equity ETF	6.52%
IDHQ Invesco S&P International Developed High Quality ETF	25.33%

Correlation

The correlation between RWIN and IDHQ is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.84

Return for Risk

RWIN vs. IDHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDHQ

IDHQ Risk / Return Rank: 81
IDHQ Sharpe Ratio Rank: 81
IDHQ Sortino Ratio Rank: 80
IDHQ Omega Ratio Rank: 81
IDHQ Calmar Ratio Rank: 79
IDHQ Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWIN vs. IDHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant NxtGen Multifactor International Equity ETF (RWIN) 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.

	RWIN	IDHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.07	—
Sortino ratio: Return per unit of downside risk	—	2.88	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.18	—
Martin ratio: Return relative to average drawdown	—	12.74	—

Drawdowns

RWIN vs. IDHQ - Drawdown Comparison

The maximum RWIN drawdown since its inception was -4.09%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for RWIN and IDHQ.

Drawdown Indicators

	RWIN	IDHQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.09%	-73.84%	+69.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.44%	—
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.19%	-21.02%	+19.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.35%	—

Volatility

Volatility by Period

	RWIN	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	20.71%	-5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	17.87%	-3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.74%	17.98%	-3.24%

RWIN vs. IDHQ - Expense Ratio Comparison

RWIN has a 0.42% expense ratio, which is higher than IDHQ's 0.29% expense ratio.

Dividends

RWIN vs. IDHQ - Dividend Comparison

RWIN's dividend yield for the trailing twelve months is around 0.97%, less than IDHQ's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDHQ Invesco S&P International Developed High Quality ETF	1.96%	2.46%	2.41%	2.52%	3.33%	2.10%	1.60%	2.10%	2.67%	1.68%	2.36%	1.71%
RWIN Rayliant NxtGen Multifactor International Equity ETF	0.97%	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 RWIN and IDHQ in my portfolio?

RWIN and IDHQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RWIN or IDHQ?

On fees, IDHQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RWIN or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.42% for RWIN.

Which ETF pays a higher dividend yield, RWIN or IDHQ?

IDHQ has the higher dividend yield at 1.96%, compared with 0.97% for RWIN.

What is the main difference between RWIN and IDHQ?

RWIN is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. They also come from different issuers: Rayliant and Invesco. Their fees differ too: 0.42% for RWIN and 0.29% for IDHQ.