IDHQ vs SPY
Invesco S&P International Developed Quality ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IDHQ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IDHQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $1.0B | $821.1B | |
| Dividend Yield | 1.99% | 1.01% | |
| Holdings | 214 | 505 | |
| YTD Return | +30.66% | +12.68% | |
| 1Y Return | +43.14% | +21.82% | |
| 3Y Return (annualized) | +23.06% | +21.98% | |
| 5Y Return (annualized) | +10.21% | +12.89% | |
| Volatility (annualized) | 19.8% | 15.3% | |
| Max Drawdown | -74.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 13, 2007 | Jan 22, 1993 |
IDHQ vs SPY Performance
Invesco S&P International Developed Quality ETF (IDHQ) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IDHQ returned +43.14% while SPY returned +21.82%. Year to date, IDHQ is up 30.66% versus a gain of 12.68% for SPY.
Over three years, IDHQ compounded at +23.06% per year against +21.98% for SPY; over five years the annualized figures are +10.21% and +12.89% respectively. Across the full 19-year window we track, SPY has the edge at +8.81% annualized vs +4.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IDHQ has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -74.5% for IDHQ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IDHQ charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, IDHQ currently yields 1.99% against 1.01% for SPY.
Holdings Overlap
IDHQ and SPY share 0 holdings out of 703 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IDHQ or SPY?
IDHQ has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, IDHQ or SPY?
Over the past year IDHQ returned +43.14% vs +21.82% for SPY, so IDHQ leads on 1-year performance. Over the longest common window we track (19 years), IDHQ annualized +4.00% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, IDHQ or SPY?
IDHQ has been the more volatile fund at 19.8% annualized versus 15.3% for SPY. Worst drawdown: IDHQ -74.5% vs SPY -56.5%.
Should I hold both IDHQ and SPY?
IDHQ and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IDHQ and SPY?
IDHQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 703 unique securities.
Which pays a higher dividend, IDHQ or SPY?
IDHQ yields 1.99% while SPY yields 1.01%, so IDHQ currently pays the higher dividend yield.
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