FEM vs IDHQ

Comparison between FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF) and INVESCO S&P INTERNATIONAL DEVELOPED QUALITY ETF (IDHQ, ETF).

5-Year PerformanceIDHQ has outperformed FEM, delivering a return of +7.5% compared to +6.3%

FEM vs IDHQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEM(ETF)	IDHQ(ETF)
Net Assets	$742M	$741M
Expense Ratio	0.80%	0.29%
Max Drawdown	49.78%	74.48%
Sharpe Ratio	1.54	1.00
5Y Beta	0.66	0.78
5Y Dividends CAGR	4.66%	9.86%

Net Assets

Winner

FEM

$742M

IDHQ

$741M

Expense Ratio

FEM

0.80%

Winner

IDHQ

0.29%

Max Drawdown

Winner

FEM

49.78%

IDHQ

74.48%

Sharpe Ratio

Winner

FEM

1.54

IDHQ

1.00

5Y Beta

Winner

FEM

0.66

IDHQ

0.78

5Y Dividends CAGR

FEM

4.66%

Winner

IDHQ

9.86%

FEM vs IDHQ - Historical Returns

Returns include dividend reinvestment.

Period	FEM	IDHQ
1 month	-6.60%	+0.18%
3 months	+5.36%	+7.05%
6 months	+15.85%	+14.58%
1 year	+34.98%	+24.04%
5 years(CAGR)	+6.25%	+7.54%
10 years(CAGR)	+9.14%	+9.34%
Max(CAGR)	+3.71%	+4.68%

FEM

-6.60%

Winner

IDHQ

+0.18%

FEM

+5.36%

Winner

IDHQ

+7.05%

Winner

FEM

+15.85%

IDHQ

+14.58%

Winner

FEM

+34.98%

IDHQ

+24.04%

5Y(CAGR)

FEM

+6.25%

Winner

IDHQ

+7.54%

10Y(CAGR)

FEM

+9.14%

Winner

IDHQ

+9.34%

Max(CAGR)

FEM

+3.71%

Winner

IDHQ

+4.68%

FEM vs IDHQ - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FEM	IDHQ
2026	+12.63%	+10.95%
2025	+28.57%	+27.58%
2024	+3.92%	+2.53%
2023	+10.62%	+18.87%
2022	-15.44%	-20.24%
2021	+5.51%	+10.42%
2020	-3.18%	+14.52%
2019	+20.62%	+29.03%
2018	-16.98%	-13.22%
2017	+39.11%	+28.56%
2016	+18.71%	+0.03%
2015	-13.48%	+8.51%
2014	-8.74%	-0.87%
2013	-5.37%	+13.37%
2012	+18.21%	+17.69%
2011	-23.58%	-16.78%
2010	N/A	+10.45%
2009	N/A	+40.16%
2008	N/A	-50.73%
2007	N/A	-4.34%

FEM vs IDHQ Drawdown Comparison

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The maximum drawdown for IDHQ was -73.84%, occurring on Mar 9, 2009. Recovery took 2543 trading sessions.

The current FEM drawdown is -7.20%. The current IDHQ drawdown is -5.70%.

Rank	FEM	IDHQ
#1	-46.21% Jan 26, 2018 - May 7, 2021	-73.84% Dec 6, 2007 - Jan 12, 2018
#2	-41.78% Apr 27, 2011 - Aug 24, 2017	-33.55% Sep 3, 2021 - Mar 7, 2024
#3	-31.71% Sep 13, 2021 - May 17, 2024	-30.51% Jan 17, 2020 - Aug 17, 2020
#4	-18.82% May 17, 2024 - Jun 11, 2025	-19.91% Jan 26, 2018 - Oct 28, 2019
#5	-9.31% Feb 25, 2026 - Apr 9, 2026	-15.71% Jul 12, 2007 - Oct 11, 2007
#6	-8.61% Jun 2, 2021 - Sep 7, 2021	-14.07% Sep 26, 2024 - May 15, 2025
#7	-7.20% May 11, 2026 - Jun 5, 2026	-13.70% Oct 31, 2007 - Dec 6, 2007
#8	-7.06% Oct 5, 2017 - Jan 2, 2018	-13.46% Feb 25, 2026 - May 6, 2026
#9	-4.85% Nov 12, 2025 - Dec 23, 2025	-7.37% Jan 25, 2021 - Apr 15, 2021
#10	-4.67% Sep 20, 2017 - Oct 5, 2017	-7.11% Jul 12, 2024 - Aug 21, 2024
#11	-4.66% Jan 28, 2026 - Feb 11, 2026	-7.09% Oct 12, 2020 - Nov 5, 2020
#12	-4.53% Sep 22, 2025 - Nov 3, 2025	-5.70% May 28, 2026 - Jun 5, 2026
#13	-4.32% May 7, 2021 - Jun 1, 2021	-5.40% Mar 7, 2024 - May 14, 2024
#14	-3.00% Jun 12, 2025 - Jun 26, 2025	-5.00% Jul 23, 2025 - Sep 8, 2025
#15	-2.79% Jul 24, 2025 - Aug 6, 2025	-4.98% Nov 12, 2025 - Dec 10, 2025

Correlation

Correlation between FEM and IDHQ is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2007 - 2026)

FEM vs IDHQ dividend yield comparison.

Year	FEM	IDHQ
2026	0.11%	0.60%
2025	3.13%	2.46%
2024	3.66%	2.41%
2023	4.96%	2.52%
2022	6.15%	3.33%
2021	4.15%	2.10%
2020	2.68%	1.60%
2019	3.31%	2.10%
2018	3.52%	2.67%
2017	2.45%	1.68%
2016	2.25%	2.36%
2015	3.61%	1.71%
2014	2.85%	1.75%
2013	2.62%	1.70%
2012	2.21%	1.92%
2011	0.92%	0.89%
2010	0.00%	3.23%
2009	0.00%	2.21%
2008	0.00%	3.71%
2007	0.00%	0.53%