IDHQ
Invesco S&P International Developed High Quality ETF
IDHQ is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the S&P International Developed High Quality Ranking Index, which is constructed using a QSG proprietary methodology based on numerous measures of expected outperformance.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
366.3 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2007 |
| Assets (mns) | $366 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVARTIS AG | 5.3 % |
| NESTLE SA-REG | 4.5 % |
| NOVO NORDISK A/S-B | 3.8 % |
| ROCHE HOLDING LTD | 3.8 % |
| SAP AG | 3.4 % |
| ASML HOLDING NV | 3.4 % |
| ASTRAZENECA PLC | 2.9 % |
| UNILEVER PLC | 2.9 % |
| LVMH MOET HENNESSY LOUIS VUI | 2.4 % |
| TOTAL SA | 2.2 % |
Constituent Breakdown
| Number of holdings | 180 |
| Herfindahl-Hirschman Index | 185 |
| Wgt avg mkt cap (mns) | $138,619 |
| Large cap (>$10bn) | 94.2% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 1.3% |
Country Exposure
 |
SWITZERLAND | 20.2 % |
 |
BRITAIN | 17.9 % |
 |
JAPAN | 12.8 % |
 |
FRANCE | 8.6 % |
 |
NETHERLANDS | 8.0 % |
 |
GERMANY | 5.5 % |
 |
DENMARK | 5.1 % |
 |
CANADA | 4.3 % |
 |
SWEDEN | 3.6 % |
 |
AUSTRALIA | 3.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.0% | 20.1% | 18.9% | 1.0% | 6.7% | 6.8% | 3.1% | Volatility | 13.6% | 13.5% | 14.7% | 17.2% | 19.8% | 17.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 78% |
| MSCI EAFE | 1.03 | 92% |
| MSCI Emg Mkts | 0.84 | 60% |
Liquidity Measures
| Avg. volume (000) | 63 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $21,387 |
Technical Indicators
| Recent close | $28.71 |
| 30d moving avg. | $31.17 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IDHQ |
Expenses vs. IDHQ |
ALTAR Score™ vs. IDHQ |
|---|---|---|---|---|
| IQLT | iShares MSCI Intl Quality Factor ETF | 56.0% | +1 bp | -0.3% |
| OEUR | ALPS O'Shares Europe Quality Dividend ETF | 46.7% | +19 bp | -0.8% |
| EFG | iShares MSCI EAFE Growth ETF | 46.3% | +7 bp | -2.0% |
| IMFL | Invesco International Developed Dynamic Multifactor ETF | 44.1% | +5 bp | -0.6% |
| UMMA | Wahed Dow Jones Islamic World ETF | 43.1% | +36 bp | -2.0% |
| IEV | iShares Europe ETF | 42.1% | +38 bp | +0.1% |
| EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 39.5% | -15 bp | -0.3% |
| EUDG | WisdomTree Europe Quality Dividend Growth Fund | 38.2% | +29 bp | 0.0% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 38.2% | -20 bp | +0.6% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 37.3% | +1 bp | +0.8% |
Risk and Returns: IDHQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IDHQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
IDHQ
6.5%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. IDHQ's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places IDHQ in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IDHQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IDHQ (29 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IDHQ | 29.0 | 34.3 | 63.3 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .