IDHQ vs IQLT: Grades, Fees and Holdings Compared

Invesco S&P International Developed Quality ETF

IDHQBNYSE Arca

iShares MSCI Intl Quality Factor ETF

IQLTBNYSE Arca

Overlap

49.9%by weight

Expense ratio

IDHQ −0.01pt a year

IDHQ0.29%IQLT0.30%

Avg volume · 30D

IQLT 7.9×the volume

IDHQ186KIQLT1.47M

10Y return · a year

IDHQ +1.0pt

IDHQ+11.1%IQLT+10.1%

IDHQ vs IQLT Performance

Oct 29, 2021 – Oct 30, 2026

+58.7%IDHQ+44.5%IQLT

Expense ratio: IDHQ 0.29%, better; IQLT 0.30%
Fund size: IDHQ $1.22B; IQLT $13.7B
1Y total return: IDHQ +30.6%, better; IQLT +16.0%
Yield (12M): IDHQ 1.93%; IQLT 2.37%, better
Holdings: IDHQ 191; IQLT 308
Avg volume (30D): IDHQ 186K sh; IQLT 1.47M sh, better
NAV per share: IDHQ $43.99; IQLT $50.38
52W range

ETF.net Grade

Pillar letters and Scores for IDHQ, IQLT, with each pillar’s weight
Pillar	IDHQ	IQLT
Cost30% weight	B64Higher	C44
Mission25% weight	A88	Not scored
Risk15% weight	C43	C52Higher
Tradability15% weight	C53	A85Higher
Holdings10% weight	D39	B62Higher
Durability5% weight	A75	A86Higher

Rank among International Quality Index funds

How we build Categories ›

Same Category. IDHQ and IQLT are both graded against the same 6 International Quality Index funds, so their Grades compare head to head.

International Quality Index⁠

Category · 6 funds

See all 6 ›

IDHQ ranks 2nd and IQLT 4th of 6 funds in the International Quality Index Category.

Rank 1AQLVDNorthern Trust Developed Markets ex-US Quality Low Volatility ETFScore 71
Rank 2BIDHQInvesco S&P International Developed Quality ETFScore 63
Rank 3BDIHPDimensional International High Profitability ETFScore 60
Rank 4BIQLTiShares MSCI Intl Quality Factor ETFScore 59
Rank 5CFICSFirst Trust International Developed Capital Strength ETFScore 45

Our read on each fund

ETF.net Research

IDHQBInvesco S&P International Developed Quality ETF

IQLTBiShares MSCI Intl Quality Factor ETF

In short

IDHQ One of the longest-running international quality funds: since 2007 it has held the developed ex-US names scoring highest on return on equity, accruals and leverage, for a fee below the typical international-factor rate.

IQLT Quality investing abroad, with the sector bets stripped out. IQLT holds developed-market companies picked for high return on equity, stable earnings and low debt, while keeping sector weights close to the broad market.

Stated mandate

IDHQ The Fund seeks to track, before fees and expenses, the investment results of the S&P Quality Developed ex-U.S. LargeMidCap Index. It uses an index-based strategy focused on international developed-market equities selected for quality.

IQLT The fund seeks to track an index of international developed-market stocks selected for high return on equity, stable earnings, and low debt.

Why people hold it

IDHQ Quality is defined, not vibes: return on equity, accruals ratio and financial leverage ratio, applied to the top slice of the developed ex-US large- and mid-cap universe.spglobal.com invesco.com
0.29% a year runs below the typical fee in its international-factor group, and the fund has tracked its index closely.
Running since 2007, with a live record through the financial crisis and everything since. The screen refreshes on a set schedule each June and December.invesco.com
Country, sector and single-stock caps keep the quality screen from turning the portfolio into one concentrated country or sector bet.spglobal.com prnewswire.com

IQLT The screen is refreshingly plain: high return on equity, stable earnings, low debt, spread across roughly 300 developed-market companies outside the US.ishares.com
Sector neutral by design. The quality tilt shows up in which companies it owns, not as a quiet overweight to whatever sector screens well that year.ishares.com
0.30% a year, below the typical international factor fund, and it has been running since 2015.
A multi-billion-dollar, actively traded fund, which puts it among the more established ways to own the quality factor overseas.

Worth knowing

IDHQ Roughly 200 stocks from a much wider developed ex-US universe, so its country and sector mix can sit far from the standard international benchmark.spglobal.com
Cohort peers EFAV and ACWV target minimum volatility. This one screens for quality only and makes no attempt to damp market swings.
A mid-size, moderately traded fund rather than a giant of the category, so order size and spreads matter more than with the biggest names.

IQLT Developed markets outside the US only. No American stocks, no emerging markets, so it fills one slot rather than covering the whole map.
A quality screen narrows the field to profitable, low-debt names, so results can diverge from the broad international market in either direction.
Cheaper factor options sit in the same aisle (QLVD, EFAV, ACWV), though each runs a different screen rather than sector-neutral quality.

Full IDHQ profile⁠

Full IQLT profile⁠

IDHQ vs IQLT Holdings

How IDHQ and IQLT differ

Overlap by weight

49.9%

Shared holdings make up 70.7% of IDHQ and 52.6% of IQLT.

Level by level

Holdings100 in both49.9%
Countryby domicile79.9%
Asset classEquity100%

Sector

No Sector split for IDHQ.

Country, concentration and asset class

Country by domicile

Country weights in IDHQ and IQLT, widest gap first
Country	More in IDHQMore in IQLT	IDHQ	IQLT
Switzerland	IDHQ +7.8 points	21.7%	13.9%
United Kingdom	IQLT +5.8 points	10.3%	16.1%
Canada	IQLT +3.6 points	5.5%	9.1%
Germany	IDHQ +3.7 points	10.2%	6.5%
Singapore	IQLT +2.2 points	0.7%	2.9%
Australia	IQLT +2.0 points	2.8%	4.8%
United States	IDHQ +2.0 points	2.0%	0.0%
Japan	IDHQ +2.0 points	16.6%	14.6%
Other countries (17)	IQLT +1.8 points	30.2%	32.0%

Outside the US: IDHQ 98% developed, 2% emerging. IQLT 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

IDHQ33.8%
IQLT23.6%

Securities held

IDHQ184
IQLT290

Asset class

IDHQ: Equity
IQLT: Equity

Holdings

Only in IDHQ84
In both100
Only in IQLT190

Only in IDHQ

84 securities, 29.1% of IDHQ by weight

Sap SE3.15%
Sony Group Corp2.21%
TotalEnergies SE2.15%
Safran SA1.87%
Siemens Energy AG1.71%
Agnico Eagle Mines Ltd1.36%
Barrick Mining Corp1.05%
Argenx SE0.84%
Ferrari NV0.75%
Lonza Group AG0.68%
Celestica Inc0.64%
Prosus NV0.63%
Kinross Gold Corp0.56%
Fujitsu Ltd0.56%
Galderma Group AG0.52%
ASM International NV0.50%
Givaudan SA0.46%
Equinor ASA0.44%
Ucb SA0.44%
Amadeus IT Group SA0.43%
Telefonaktiebolaget LM Ericsson0.42%
Hexagon AB0.37%
Intact Financial Corp0.37%
Vestas Wind Systems A/S0.36%
Brookfield Asset Management Ltd0.34%
Loblaw Cos Ltd0.33%
Elbit Systems Ltd0.28%
Singapore Telecommunications Ltd0.27%
Ascendis Pharma A/S0.26%
Imperial Oil Ltd0.22%
Ryanair Holdings PLC0.22%
International Consolidated Airlines Group SA0.21%
AtkinsRealis Group Inc0.20%
IHI Corp0.20%
Samsung Biologics Co Ltd0.20%
Lundin Gold Inc0.18%
Alamos Gold Inc0.18%
Diploma PLC0.16%
Washington H Soul Pattinson & Co Ltd0.15%
HD Hyundai Electric Co Ltd0.14%
BayCurrent Inc0.13%
Telenor ASA0.12%
Nitori Holdings Co Ltd0.11%
Trend Micro Inc/Japan0.11%
Samsung Heavy Industries Co Ltd0.11%
Nice Ltd0.11%
Hanmi Semiconductor Co Ltd0.10%
Trelleborg AB0.10%
Galp Energia SGPS SA0.10%
Technology One Ltd0.09%

Only in IQLT

190 securities, 46.8% of IQLT by weight

Shell1.96%
Astrazeneca PLC1.85%
Bhp Group Ltd1.44%
Totalenergies1.43%
Iberdrola1.38%
Canadian Natural Resources Ltd1.14%
Schneider Electric1.14%
Airbus Group1.08%
Dbs Group Holdings Ltd1.03%
Oversea-Chinese Banking0.87%
Manulife Financial0.86%
Nintendo0.76%
Fast Retailing0.75%
Lair Liquide Societe Anonyme Pour0.74%
Axa SA0.73%
Compagnie Financiere Richemont SA0.73%
Suncor Energy Inc0.72%
National Grid PLC0.68%
London Stock Exchange Group PLC0.67%
Ferrari0.64%
Kddi0.60%
Rio Tinto0.59%
Compass Group PLC0.56%
British American Tobacco0.55%
Sun Life Financial Inc0.53%
Canadian National Railway0.52%
Agnico Eagle Mines0.50%
Intact Financial Corp0.49%
Daiichi Life Group0.44%
Experian PLC0.42%
Caixabank SA0.41%
Assicurazioni Generali0.39%
Bank Leumi Le Israel0.39%
Sse PLC0.39%
Barrick Mining0.38%
Celestica0.38%
Bank Hapoalim Bm0.35%
Shin Etsu Chemical0.34%
Publicis Groupe0.34%
Power Corporation of Canada0.33%
United Overseas Bank0.33%
Wheaton Precious Metals0.33%
Givaudan SA0.31%
Volvo Class B0.31%
Repsol0.29%
Dollarama0.29%
Diageo PLC0.29%
Atlas Copco Class B0.27%
Rio Tinto0.27%
Legrand SA0.27%

Weight gaps

All 100 Holdings in both funds, largest gap first.

Holding weights in IDHQ and IQLT, widest gap first
Holding	More in IDHQMore in IQLT	IDHQ	IQLT
Roche Holding AG	IDHQ +3.06 points	5.54%	2.48%
Novartis AG	IDHQ +2.78 points	4.64%	1.86%
Nestle SA	IDHQ +1.65 points	3.52%	1.87%
Rolls-Royce Holdings PLCRR.L	IDHQ +1.11 points	2.37%	1.26%
Novo Nordisk A/S	IDHQ +0.90 points	1.84%	0.94%
Advantest Corp	IDHQ +0.87 points	2.73%	1.86%
Unilever PLCULVR.L	IDHQ +0.69 points	2.07%	1.38%
Recruit Holdings Co Ltd	IDHQ +0.63 points	2.62%	1.99%
ASML Holding NV	IQLT +0.60 points	4.61%	5.21%
L'Oreal SA	IDHQ +0.56 points	1.29%	0.73%
Tokyo Electron Ltd	IDHQ +0.56 points	1.62%	1.06%
ABB Ltd	IDHQ +0.47 points	2.18%	1.71%
Hoya Corp	IDHQ +0.47 points	0.79%	0.32%
LVMH Moet Hennessy Louis Vuitton SE	IDHQ +0.44 points	1.24%	0.80%
Gsk PLCGSK.L	IDHQ +0.43 points	1.14%	0.71%
Relx PLCREL.L	IDHQ +0.38 points	1.03%	0.65%
BAE Systems PLCBA.L	IDHQ +0.33 points	1.00%	0.67%
Reckitt Benckiser Group PLCRKT.L	IDHQ +0.33 points	0.75%	0.42%
Zurich Insurance Group AG	IQLT +0.30 points	1.53%	1.83%
Tokio Marine Holdings Inc	IQLT +0.29 points	1.33%	1.62%
Allianz SE	IQLT +0.28 points	2.37%	2.65%
Astellas Pharma Inc	IDHQ +0.27 points	0.39%	0.12%
Rheinmetall AG	IDHQ +0.23 points	0.76%	0.53%
Sika AG	IDHQ +0.22 points	0.41%	0.19%
Assa Abloy AB	IDHQ +0.23 points	0.48%	0.25%
Sandvik AB	IDHQ +0.22 points	0.52%	0.30%
MS&AD Insurance Group Holdings Inc	IQLT +0.22 points	0.41%	0.63%
Investor AB	IDHQ +0.21 points	1.04%	0.83%
Hermes International SCA	IDHQ +0.19 points	0.59%	0.40%
Fujikura Ltd	IDHQ +0.18 points	0.55%	0.37%
Deutsche Boerse AG	IQLT +0.16 points	0.75%	0.91%
Kone Oyj	IDHQ +0.16 points	0.46%	0.30%
Aristocrat Leisure Ltd	IDHQ +0.15 points	0.38%	0.23%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	IQLT +0.15 points	1.01%	1.16%
Fisher & Paykel Healthcare Corp Ltd	IDHQ +0.15 points	0.22%	0.07%
Evolution Mining Ltd	IDHQ +0.14 points	0.25%	0.11%
Wartsila OYJ Abp	IDHQ +0.13 points	0.27%	0.14%
Bandai Namco Holdings Inc	IDHQ +0.12 points	0.26%	0.14%
Essity AB	IDHQ +0.12 points	0.20%	0.08%
Imperial Brands PLCIMB.L	IDHQ +0.12 points	0.38%	0.26%
JX Advanced Metals Corp	IDHQ +0.12 points	0.17%	0.05%
Atlas Copco AB	IDHQ +0.11 points	0.61%	0.50%
Next PLCNXT.L	IDHQ +0.11 points	0.39%	0.28%
Kongsberg Gruppen ASA	IDHQ +0.11 points	0.25%	0.14%
Lasertec Corp	IDHQ +0.11 points	0.35%	0.24%
Sage Group PLC/TheSGE.L	IDHQ +0.10 points	0.22%	0.12%
QBE Insurance Group Ltd	IQLT +0.09 points	0.32%	0.41%
Epiroc AB	IDHQ +0.10 points	0.23%	0.13%
3i Group PLCIII.L	IQLT +0.09 points	0.43%	0.52%
Universal Music Group NV	IQLT +0.09 points	0.30%	0.39%
Techtronic Industries Co Ltd	IDHQ +0.08 points	0.29%	0.21%
Fresnillo PLCFRES.L	IDHQ +0.09 points	0.13%	0.04%
Orion Oyj	IDHQ +0.09 points	0.18%	0.09%
Daifuku Co Ltd	IDHQ +0.08 points	0.17%	0.09%
Sampo Oyj	IQLT +0.08 points	0.34%	0.42%
Thales SA	IDHQ +0.09 points	0.31%	0.22%
Partners Group Holding AG	IDHQ +0.08 points	0.42%	0.34%
Hong Kong Exchanges & Clearing Ltd	IDHQ +0.07 points	1.09%	1.02%
Sanrio Co Ltd	IDHQ +0.06 points	0.13%	0.07%
Tenaris SA	IDHQ +0.06 points	0.14%	0.08%
Coca-Cola HBC AGCCH.L	IDHQ +0.06 points	0.14%	0.08%
H & M Hennes & Mauritz AB	IDHQ +0.06 points	0.11%	0.05%
Swiss Re AG	IDHQ +0.06 points	0.65%	0.59%
Evolution AB	IDHQ +0.06 points	0.18%	0.12%
Schindler Holding AG	IDHQ +0.05 points	0.20%	0.15%
Skf Ab	IDHQ +0.05 points	0.12%	0.07%
Pro Medicus Ltd	IDHQ +0.04 points	0.11%	0.07%
Hannover Rueck SE	IQLT +0.04 points	0.25%	0.29%
EMS-Chemie Holding AG	IDHQ +0.05 points	0.11%	0.06%
Asics Corp	IDHQ +0.05 points	0.34%	0.29%
Industria de Diseno Textil SA	IDHQ +0.04 points	0.90%	0.86%
Singapore Technologies Engineering Ltd	IDHQ +0.04 points	0.14%	0.10%
Nexon Co Ltd	IDHQ +0.04 points	0.09%	0.05%
Adyen NV	IDHQ +0.04 points	0.45%	0.41%
Wesfarmers Ltd	IDHQ +0.04 points	0.80%	0.76%
Geberit AG	IDHQ +0.04 points	0.37%	0.33%
Endesa SA	IQLT +0.04 points	0.16%	0.20%
Medibank Pvt Ltd	IQLT +0.04 points	0.13%	0.17%
Daito Trust Construction Co Ltd	IQLT +0.04 points	0.07%	0.11%
REA Group Ltd	IQLT +0.02 points	0.09%	0.11%
Japan Exchange Group Inc	IQLT +0.03 points	0.19%	0.22%
Phoenix Financial Ltd	IQLT +0.03 points	0.18%	0.21%
Dassault Aviation SA	IDHQ +0.02 points	0.07%	0.05%
FinecoBank Banca Fineco SpA	IQLT +0.02 points	0.20%	0.22%
Admiral Group PLCADM.L	IDHQ +0.02 points	0.27%	0.25%
Check Point Software Technologies LtdCHKP	IDHQ +0.02 points	0.16%	0.14%
Futu Holdings LtdFUTU	IDHQ +0.02 points	0.11%	0.09%
Tele2 AB	IDHQ +0.02 points	0.14%	0.12%
Talanx AG	IDHQ +0.02 points	0.11%	0.09%
Intertek Group PLCITRK.L	IQLT +0.02 points	0.13%	0.15%
Singapore Exchange Ltd	IQLT +0.02 points	0.21%	0.23%
Prudential PLCPRU.L	IQLT +0.01 points	0.44%	0.45%
Industrivarden AB	IDHQ +0.02 points	0.13%	0.11%
AddTech AB	IDHQ +0.01 points	0.10%	0.09%
Computershare Ltd	IDHQ +0.01 points	0.20%	0.19%
Brambles Ltd	Same weight	0.22%	0.22%
Kuehne + Nagel International AG	Same weight	0.16%	0.16%
Gjensidige Forsikring ASA	Same weight	0.10%	0.10%
Banca Mediolanum SpA	Same weight	0.08%	0.08%
Wise Group PLCWISE.L	Same weight	0.14%	0.14%

All 184 IDHQ holdings⁠All 291 IQLT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IDHQ vs IQLT Cost

Overpaying IQLT vs IDHQ

$197

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IDHQ 0.29%
$5,952
IQLT 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

IDHQ 0.29%
IQLT 0.30%
Overpaying

Year by year

Year	IDHQ	IQLT	Overpaying
10	$527	$545	$18
20	$2,044	$2,113	$69
30	$5,952	$6,149	$197

Expense ratio

0.29%IDHQ, cheaper
0.30%IQLT

IDHQ0.29%IQLT0.30%

0.12%0.70%

Middle half of International Quality Index funds
Median 0.29%

IDHQ 3rd cheapest of 6 funds

IQLT 4th cheapest of 6 funds

IDHQ vs IQLT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IDHQ 1.93%; IQLT 2.37%, better
Payout (12M): IDHQ $0.85; IQLT $1.20
Last payment: IDHQ $0.12; IQLT $0.75
Ex-dividend: IDHQ Sep 21, 2026; IQLT Jun 15, 2026
Paid on: IDHQ Sep 25, 2026; IQLT Jun 18, 2026
Frequency: IDHQ Quarterly; IQLT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IDHQQuarterly · 39 paymentsAll IDHQ payments⁠

IQLTTwice a year · 19 paymentsAll IQLT payments⁠

IDHQ vs IQLT Risk

Fall from peak · 5 years

IDHQ
IQLT

Risk facts

VolatilityStd dev, 3 years: IDHQ 14.8%IQLT 12.2%, better
Return per unit of riskSharpe ratio, 3 years: IDHQ 1.18, betterIQLT 1.08
Worst fallMax drawdown, 5 years: IDHQ −32.7%IQLT −29.7%, better
Market sensitivityBeta, 5 years: IDHQ 1.01IQLT 0.83; Market = 1

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