BKIE vs. SPDW
Compare and contrast key facts about BNY Mellon International Equity ETF (BKIE) and SPDR Portfolio World ex-US ETF (SPDW).
BKIE and SPDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKIE is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar Developed Markets ex-US Large Cap Index. It was launched on Apr 24, 2020. SPDW is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. BMI Index. It was launched on Apr 26, 2007. Both BKIE and SPDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKIE or SPDW.
Key characteristics
| BKIE | SPDW | |
|---|---|---|
| YTD Return | 5.34% | 4.97% |
| 1Y Return | 11.92% | 11.12% |
| 3Y Return (Ann) | 3.38% | 1.43% |
| Sharpe Ratio | 0.95 | 1.02 |
| Daily Std Dev | 12.64% | 12.58% |
| Max Drawdown | -28.19% | -60.02% |
| Current Drawdown | -0.58% | -0.56% |
Correlation
The correlation between BKIE and SPDW is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BKIE vs. SPDW - Performance Comparison
In the year-to-date period, BKIE achieves a 5.34% return, which is significantly higher than SPDW's 4.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKIE vs. SPDW - Expense Ratio Comparison
Both BKIE and SPDW have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BKIE vs. SPDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and SPDR Portfolio World ex-US ETF (SPDW). 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.
Dividends
BKIE vs. SPDW - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 2.80%, more than SPDW's 2.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 2.80% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 2.62% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.07% | 1.86% | 3.11% | 2.79% | 3.51% | 2.36% |
Drawdowns
BKIE vs. SPDW - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for BKIE and SPDW. For additional features, visit the drawdowns tool.
Volatility
BKIE vs. SPDW - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) and SPDR Portfolio World ex-US ETF (SPDW) have volatilities of 3.95% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.