ASCI vs. GWX
ASCI (abrdn International Small Cap Active ETF) and GWX (SPDR S&P International Small Cap ETF) are both Foreign Small & Mid Cap Equities funds. ASCI is actively managed, while GWX is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. ASCI charges 0.70%/yr vs 0.40%/yr for GWX.
Performance
ASCI vs. GWX - Performance Comparison
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Returns By Period
In the year-to-date period, ASCI achieves a 4.49% return, which is significantly lower than GWX's 7.67% return.
ASCI
- 1D
- -2.81%
- 1M
- -4.17%
- YTD
- 4.49%
- 6M
- 3.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GWX
- 1D
- -2.78%
- 1M
- -4.71%
- YTD
- 7.67%
- 6M
- 7.46%
- 1Y
- 24.74%
- 3Y*
- 16.34%
- 5Y*
- 5.24%
- 10Y*
- 7.76%
ASCI vs. GWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASCI abrdn International Small Cap Active ETF | 4.49% | 1.37% |
GWX SPDR S&P International Small Cap ETF | 7.67% | 3.42% |
Correlation
The correlation between ASCI and GWX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 20, 2025 | 0.81 |
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Return for Risk
ASCI vs. GWX — Risk / Return Rank
ASCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GWX
ASCI vs. GWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn International Small Cap Active ETF (ASCI) and SPDR S&P International Small Cap ETF (GWX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASCI | GWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.09 | — |
| Martin ratioReturn relative to average drawdown | — | 7.72 | — |
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Drawdowns
ASCI vs. GWX - Drawdown Comparison
The maximum ASCI drawdown since its inception was -11.22%, smaller than the maximum GWX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for ASCI and GWX.
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Drawdown Indicators
| ASCI | GWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.22% | -63.25% | +52.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.27% | — |
Current DrawdownCurrent decline from peak | -5.47% | -6.44% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -14.71% | +12.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.21% | — |
Volatility
ASCI vs. GWX - Volatility Comparison
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Volatility by Period
| ASCI | GWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 16.64% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.38% | 16.94% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 17.34% | +2.04% |
ASCI vs. GWX - Expense Ratio Comparison
ASCI has a 0.70% expense ratio, which is higher than GWX's 0.40% expense ratio.
Dividends
ASCI vs. GWX - Dividend Comparison
ASCI's dividend yield for the trailing twelve months is around 0.77%, less than GWX's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASCI abrdn International Small Cap Active ETF | 0.77% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GWX SPDR S&P International Small Cap ETF | 2.75% | 2.83% | 2.71% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.67% |
Frequently Asked Questions
ASCI and GWX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GWX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GWX is cheaper with a 0.40% expense ratio, compared with 0.70% for ASCI.
GWX has the higher dividend yield at 2.75%, compared with 0.77% for ASCI.
They also come from different issuers: abrdn and State Street. Their fees differ too: 0.70% for ASCI and 0.40% for GWX.
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