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IQDE
FlexShares International Quality Dividend Defensive Index Fund

Price: $19.78
Change: $0.11 (-0.01%)
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $14.54
  • 52 Week Hi $22.65
  • AUM $60.6 M
  • Shares 3.1 M

Analyst Report

The FlexShares International Quality Dividend Defensive Index Fund (IQDE) is part of Northern Trust’s stable of proprietary factor strategies. This one has an international flair. The fund follows a Northern Trust index that selects dividend-paying companies in developed and emerging markets outside the U.S. Simple enough, but then the index weights the portfolio toward companies that earned the highest “dividend quality” scores. To prevent unintentional concentrations, the methodology caps the weighting of individual securities, industry groups, sectors and regions. Lastly, the fund aims for lower market beta — jargon used to describe how volatile performance is relative to the market. It’s another way of saying IQDE tries to be less risky than the market.

Investors can be excused for confusing IQDE with its sister funds: the FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and the FlexShares International Quality Dividend Index Fund (IQDF). Like FlexShares’ domestic variations on the same theme, the three funds are distinguished by their approach to market beta. IQDE aims for a little less risk than the market, IQDY for a little more, and IQDF tries to match it. In practice, all three funds share many of the same top holdings, including Royal Bank of Canada, GlaxoSmithKline and L’Oreal. The difference comes down to weighting, with IQDY leaning a little more on volatile tech stocks than IQDE and IQDF.

Most FlexShares funds charge a premium for the Northern Trust expertise, but the FlexShares international dividend ETFs are priced competitively. Still, they are multiples more expensive than plain-vanilla international equity ETFs. Is it worth it? Investors can look at it several different ways. There are other international factor strategies out there, like the Vident International Equity Fund (VIDI) or the highly-concentrated (and extremely expensive) First Trust Dorsey Wright International Focus 5 ETF. There are plenty of other international dividend ETFs like the WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL), the SPDR S&P International Dividend ETF (DWX), or the iShares International Select Dividend ETF (IDV). There are dividend-focused funds that mix U.S. and international exposure, like the SPDR S&P Global Dividend ETF (WDIV) and the GlobalX SuperDividend ETF (SDIV). Lastly, investors might want to compare returns and portfolio with an ultra-low-cost international index fund, like the iShares Core MSCI Total International Stock ETF (IXUS), which lacks fancy factors but offers more liquidity at a fraction of the price.

Historical Trading Data

  • 1 Month Avg. Volume 13,255
  • 3 Month Avg. Volume 9,998

Alternative ETFs in the Foreign Large Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.04% $8.0 B 1 M -4.29%
Largest (AUM) VEA 0.05% $74.9 B 8 M -4.69%
Most Liquid (Volume) EFA 0.32% $47.7 B 20 M -5.80%
Top YTD Performer EMQQ 0.86% $978.9 M 240,517 54.22%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

191
Number of Holdings
21.68%
% Assets in Top 10
26.40%
% Assets in Top 15
54.57%
% Assets in Top 50
Number of Holdings
191

% Assets in Top 10
21.68%

% Assets in Top 15
26.40%

% Assets in Top 50
54.57%

Sector Breakdown

Asset Percentage
Common equity 94.79%
ETF Cash Component 4.74%
Preferred stock 0.47%
Sector Percentage
Financials 15.24%
Consumer, Non-Cyclical 11.91%
Healthcare 10.5%
Consumer, Cyclical 9.89%
Industrials 7.96%
Technology 7.87%
Basic Materials 7.51%
Communications 7.21%
Energy 7.13%
ETF Cash Component 4.74%
Utilities 4.48%
Other 3.99%
Real Estate 1.58%
Market Cap Percentage
Large cap 75.01%
Mid cap 16.01%
ETF Cash Component 4.74%
Small cap 4.24%
Region Percentage
Europe 49.58%
Asia-Pacific 20.3%
Asia 17.25%
ETF Cash Component 4.74%
North America 4.38%
Latin America 2.42%
Africa 1.11%
Middle East 0.21%
Region Percentage
Developed Markets (ex-US) 72.02%
Emerging Markets 22.43%
ETF Cash Component 4.74%
Frontier Markets 0.8%
Country Percentage
Japan 11.98%
United Kingdom 11.59%
Switzerland 8.75%
China 7.15%
Australia 5.05%
ETF Cash Component 4.74%
France 4.56%
Canada 4.38%
Germany 3.19%
Spain 3.02%
Taiwan 3.01%
Finland 2.92%
South Korea 2.79%
India 2.47%
Netherlands 2.26%
Russia 2.18%
Italy 2.11%
Hong Kong 1.91%
Denmark 1.74%
Sweden 1.58%
Belgium 1.49%
Turkey 1.48%
Brazil 1.47%
Malaysia 1.3%
South Africa 1.11%
Norway 0.95%
New Zealand 0.81%
Cyprus 0.8%
Mexico 0.73%
Greece 0.65%
Thailand 0.53%
Singapore 0.41%
Austria 0.32%
Chile 0.22%
Israel 0.21%
Philippines 0.14%
Asset Percentage
Common equity 94.79%
ETF Cash Component 4.74%
Preferred stock 0.47%

IQDE Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
17.71

IQDE Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.24
Dividend Date
2020-09-18
Annual Dividend Rate
$0.75

$0.24
Dividend
2020-09-18
Dividend Date
$0.75
Annual Dividend Rate
Annual Dividend Yield
3.78%

IQDE Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -1.98 M 6 Month Net Flows: -5.76 M 1 Year Net Flows: -10.32 M 3 Year Net Flows: -14.08 M 5 Year Net Flows: -13.3 M 10 Year Net Flows: 84.09 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for IQDE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Foreign Large Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

IQDE Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.44%
Expense Ratio
0.47%
ESG Themes and Scores
6.59/10
ESG Score
70.78%
Global Percentile
32.51%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.19%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      229.28
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      5.19%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      6.22%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

IQDE Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-2.43%
1 Week Return
1.78%
4 Week Return
0.61%
13 Week Return
16.37%
26 Week Return
-10.71%
Year to Date Return
-4.48%
1 Year Return
-10.46%
3 Year Return
8.85%
5 Year Return
1 Week Return
-2.43%

4 Week Return
1.78%

13 Week Return
0.61%

26 Week Return
16.37%

Year to Date Return
-10.71%

1 Year Return
-4.48%

3 Year Return
-10.46%

5 Year Return
8.85%

IQDE Price and Volume Chart

IQDE Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
72.16%
Rank
72 of 137

20 Day Volatility
11.22%
Rank
110 of 136

50 Day Volatility
13.59%
Rank
112 of 134

200 Day Volatility
17.03%
Rank
105 of 132

Beta
0.81
Rank
87 of 132

Standard Deviation
1.83%
Rank
116 of 126

Technicals

  • 20 Day MA $19.74
  • 60 Day MA $19.83
  • MACD 15 Period -0.09
  • MACD 100 Period 0.19
  • Williams % Range 10 Day 82.29
  • Williams % Range 20 Day 42.51
  • RSI 10 Day 46
  • RSI 20 Day 50
  • RSI 30 Day 51
  • Ultimate Oscillator 46

Bollinger Brands

  • Lower Bollinger (10 Day) $19.64
  • Upper Bollinger (10 Day) $20.29
  • Lower Bollinger (20 Day) $19.15
  • Upper Bollinger (20 Day) $20.32
  • Lower Bollinger (30 Day) $19.22
  • Upper Bollinger (30 Day) $20.29

Support & Resistance

  • Support Level 1 $19.73
  • Support Level 2 $19.68
  • Resistance Level 1 $19.87
  • Resistance Level 2 $19.96

Stochastic

  • Stochastic Oscillator %D (1 Day) 27.92
  • Stochastic Oscillator %D (5 Day) 29.64
  • Stochastic Oscillator %K (1 Day) 45.71
  • Stochastic Oscillator %K (5 Day) 50.95

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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