The Invesco S&P International Developed Quality ETF (IDHQ), a smart beta fund tracking the S&P Quality Developed ex US LargeMidCap Index, has demonstrated robust performance, returning 20.08% over the past 12 months and 9.97% year-to-date as of June 10, 2024. Managing $310.64 million in assets with a 0.29% expense ratio, IDHQ is positioned as a low-risk option (beta 0.92) due to its quality-factor methodology and diversification across 215 holdings, offering investors exposure to developed ex-US markets with an aim to outperform traditional market-cap weighted strategies.
The Invesco S&P International Developed Quality ETF (IDHQ) is a smart beta fund providing targeted exposure to high-quality, ex-U.S. developed market equities selected based on return on equity, accruals, and financial leverage. The fund has demonstrated robust recent performance, with a 20.08% return over the last 12 months and 9.97% year-to-date as of June 10, 2024. Its risk profile is characterized as low for its category, supported by a beta of 0.92 and a three-year standard deviation of 16.86%. While diversified across approximately 215 holdings, the portfolio shows significant concentration, with the top 10 holdings accounting for 37.37% of its $310.64 million in assets. A key consideration is its 0.29% annual expense ratio, which is substantially higher than broad, market-cap-weighted alternatives like the Vanguard FTSE Developed Markets ETF (VEA) at 0.05% and Vanguard Total International Stock ETF (VXUS) at 0.08%, both of which manage significantly larger asset bases.
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mildly positive
Sentiment Score
0.25
Ticker Sentiment
