XSHQ vs. IDHQ
XSHQ (Invesco S&P SmallCap Quality ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds from Invesco - XSHQ tracks the S&P SmallCap 600 Quality 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, XSHQ returned 7.26%/yr vs 9.70%/yr for IDHQ. Their 0.57 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.29% expense ratio.
Performance
XSHQ vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, XSHQ achieves a 14.76% return, which is significantly lower than IDHQ's 26.27% return.
XSHQ
- 1D
- -0.08%
- 1M
- 0.52%
- 6M
- 11.29%
- YTD
- 14.76%
- 1Y
- 20.29%
- 3Y*
- 9.48%
- 5Y*
- 7.26%
- 10Y*
- —
- ALL TIME*
- 8.92%
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 | |
| $7.28M | $3.86M | $2.26M |
XSHQ vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSHQ Invesco S&P SmallCap Quality ETF | 14.76% | 0.89% | 7.49% | 23.88% | -15.01% | 23.99% | 11.81% | 17.37% | -6.11% | 7.18% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 6.67% |
Correlation
The correlation between XSHQ and IDHQ is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.57 |
The correlation between XSHQ and IDHQ has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
XSHQ vs. IDHQ — Risk / Return Rank
XSHQ
IDHQ
XSHQ vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Quality ETF (XSHQ) 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.
| XSHQ | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.03 | -1.24 |
| Martin ratioReturn relative to average drawdown | 4.91 | 12.14 | -7.23 |
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Drawdowns
XSHQ vs. IDHQ - Drawdown Comparison
The maximum XSHQ drawdown since its inception was -38.33%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for XSHQ and IDHQ.
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Drawdown Indicators
| XSHQ | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.33% | -73.84% | +35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -13.44% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -14.07% | -13.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -33.54% | +6.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -0.55% | -1.04% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -21.03% | +11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 3.35% | +0.38% |
Volatility
XSHQ vs. IDHQ - Volatility Comparison
Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P International Developed High Quality ETF (IDHQ) have volatilities of 4.23% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSHQ | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.17% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 18.92% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 20.74% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.06% | 17.85% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.00% | 17.97% | +5.03% |
XSHQ vs. IDHQ - Expense Ratio Comparison
Both XSHQ and IDHQ have an expense ratio of 0.29%.
Dividends
XSHQ vs. IDHQ - Dividend Comparison
XSHQ's dividend yield for the trailing twelve months is around 1.18%, less 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% |
XSHQ Invesco S&P SmallCap Quality ETF | 1.18% | 1.48% | 1.18% | 1.15% | 2.02% | 1.25% | 1.24% | 1.11% | 1.16% | 0.60% | 0.00% | 0.00% |
Frequently Asked Questions
XSHQ and IDHQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSHQ has higher volatility (4.23%) compared to IDHQ (4.17%). In terms of maximum drawdown, XSHQ dropped -38.33% vs IDHQ's -73.84%.
On 5-year performance, IDHQ leads with 9.70% vs 7.26% for XSHQ. Both ETFs have the same 0.29% expense ratio. Their volatility is very similar. 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 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSHQ and IDHQ have the same expense ratio: 0.29% per year.
IDHQ has the higher dividend yield at 2.01%, compared with 1.18% for XSHQ.
XSHQ tracks S&P SmallCap 600 Quality Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.06), 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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