What is the IDHQ 30-day expected price range?

As of May 29, 2026, with IDHQ at $41.97 and ATM IV at 40.8%, the implied 30-day one-standard-deviation range is approximately ±$4.91, or about $37.06 to $46.88.

What does IDHQ risk-neutral density tell us?

Risk-neutral density is the probability distribution of future IDHQ price implied by listed option prices. Extracted via Breeden-Litzenberger (twice-differentiating the call price function with respect to strike), it represents the pricing kernel rather than the real-world probability of outcomes. Persistent skew or fat-tail features in the density reflect how the market is pricing tail risk.

How does IDHQ ATM IV translate to a probability range?

ATM IV is annualized; multiplying by sqrt(t/365) scales it to the chosen tenor. Under lognormal assumptions, the resulting standard deviation defines the ±1σ band that contains roughly 68% of outcomes, ±2σ for 95%. Empirical equity returns have fatter tails than log-normal, so the implied tail probabilities under-state realized tail frequency in stressed regimes.

Invesco S&P International Developed Quality ETF (IDHQ) Probability Analysis

Probability analysis extracts the risk-neutral probability distribution implied by option prices. It shows the market-implied likelihood of the underlying reaching various price levels by expiration.

Invesco S&P International Developed Quality ETF (IDHQ) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $744.9M, listed on AMEX, carrying a beta of 1.01 to the broader market. The Invesco S&P International Developed Quality ETF (Fund) is based on the S&P Quality Developed ex-U. public since 2007-06-13.

Snapshot as of May 29, 2026.

Spot Price: $41.97
ATM IV: 40.8%
IV Rank: 34.8%
IV Percentile: 58.7%
HV 20-Day: 27.5%
IV Skew 25Δ: -0.128

As of May 29, 2026, Invesco S&P International Developed Quality ETF (IDHQ) at $41.97 has an ATM IV of 40.8%, implying a 30-day one-standard-deviation range of approximately ±$4.91. IV rank is 34.8% (near its 1-year median). IV percentile is 58.7%. The 25-delta skew is -0.128: downside tail priced richer than upside, biasing probability mass below spot. Under lognormal assumptions roughly 68% of outcomes fall within ±1σ and 95% within ±2σ; risk-neutral probability analysis refines this by extracting the market-implied distribution directly from options prices, capturing the fat tails that real markets exhibit.

How IDHQ probability analysis Data Feeds Strategy Selection

Strategy selection on Invesco S&P International Developed Quality ETF options does not derive from any single metric in isolation. The probability analysis view above sits inside a broader read: ATM IV currently sits at 40.8% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the probability analysis data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the IDHQ probability distribution

The probability cone above is the option-market-implied distribution of where Invesco S&P International Developed Quality ETF spot could end up at expiration. It's derived from the implied-volatility surface via a risk-neutral pricing transformation, not from historical realized returns. With ATM IV at 40.8% and spot at $41.97, the 1σ band is approximately ±14.1% over a 30-day horizon. Recent realized HV-20 of 27.5% runs 13.3 vol points below the current implied, suggesting the chain is pricing more dispersion than the underlying has been delivering.

IDHQ risk-neutral vs real-world probabilities

The probabilities derived from option prices reflect the market's risk-adjusted view, not the realized statistical distribution. Risk-neutral probabilities include the equity risk premium and skew preferences priced into options, so they tend to overstate tail probability and understate upside drift relative to actually-realized outcomes. IDHQ's put-skewed 25-delta surface (-0.128) means downside risk-neutral probabilities are higher than upside - the empirical bias is well-documented. For probability-of-touch calculations and assignment-risk modeling, risk-neutral is the right benchmark. For position-sizing your own conviction, blend with realized-volatility-based statistics from the HV columns.

Trading the IDHQ distribution

Probability-driven strategies aim to capture mispricings between the implied distribution and your own probability assessment. Premium-selling structures (credit spreads, iron condors, cash-secured puts) profit when the implied distribution overprices tail probability relative to realized; premium-buying (debit spreads, long calls/puts, long straddles) profits in the reverse. Always pair probability-driven strategy selection with a stop loss or wing-defined risk - the implied distribution is a snapshot, and regime shifts can invalidate it intraday.

Learn how risk-neutral density is reported and how to read the data →

Frequently asked IDHQ probability analysis questions

What is the IDHQ 30-day expected price range?: As of May 29, 2026, with IDHQ at $41.97 and ATM IV at 40.8%, the implied 30-day one-standard-deviation range is approximately ±$4.91, or about $37.06 to $46.88.
What does IDHQ risk-neutral density tell us?: Risk-neutral density is the probability distribution of future IDHQ price implied by listed option prices. Extracted via Breeden-Litzenberger (twice-differentiating the call price function with respect to strike), it represents the pricing kernel rather than the real-world probability of outcomes. Persistent skew or fat-tail features in the density reflect how the market is pricing tail risk.
How does IDHQ ATM IV translate to a probability range?: ATM IV is annualized; multiplying by sqrt(t/365) scales it to the chosen tenor. Under lognormal assumptions, the resulting standard deviation defines the ±1σ band that contains roughly 68% of outcomes, ±2σ for 95%. Empirical equity returns have fatter tails than log-normal, so the implied tail probabilities under-state realized tail frequency in stressed regimes.