CWI vs. FSPSX
Compare and contrast key facts about SPDR MSCI ACWI ex-US ETF (CWI) and Fidelity International Index Fund (FSPSX).
CWI is a passively managed fund by State Street that tracks the performance of the MSCI All Country World ex-U.S. Index. It was launched on Jan 10, 2007. FSPSX is managed by Fidelity. It was launched on Nov 5, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWI or FSPSX.
Key characteristics
| CWI | FSPSX | |
|---|---|---|
| YTD Return | 2.29% | 2.33% |
| 1Y Return | 10.02% | 9.58% |
| 3Y Return (Ann) | 0.50% | 2.79% |
| 5Y Return (Ann) | 5.06% | 6.12% |
| 10Y Return (Ann) | 4.06% | 4.42% |
| Sharpe Ratio | 0.71 | 0.74 |
| Daily Std Dev | 12.55% | 11.92% |
| Max Drawdown | -60.76% | -33.69% |
| Current Drawdown | -3.32% | -3.51% |
Correlation
The correlation between CWI and FSPSX is 0.94, 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
CWI vs. FSPSX - Performance Comparison
The year-to-date returns for both investments are quite close, with CWI having a 2.29% return and FSPSX slightly higher at 2.33%. Over the past 10 years, CWI has underperformed FSPSX with an annualized return of 4.06%, while FSPSX has yielded a comparatively higher 4.42% annualized 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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CWI vs. FSPSX - Expense Ratio Comparison
CWI has a 0.30% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Risk-Adjusted Performance
CWI vs. FSPSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) and Fidelity International Index Fund (FSPSX). 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
CWI vs. FSPSX - Dividend Comparison
CWI's dividend yield for the trailing twelve months is around 2.74%, less than FSPSX's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 2.74% | 2.80% | 3.17% | 2.65% | 2.07% | 3.05% | 2.81% | 2.29% | 2.45% | 2.62% | 3.21% | 2.69% |
FSPSX Fidelity International Index Fund | 3.11% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% | 3.53% | 2.59% |
Drawdowns
CWI vs. FSPSX - Drawdown Comparison
The maximum CWI drawdown since its inception was -60.76%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for CWI and FSPSX. For additional features, visit the drawdowns tool.
Volatility
CWI vs. FSPSX - Volatility Comparison
SPDR MSCI ACWI ex-US ETF (CWI) and Fidelity International Index Fund (FSPSX) have volatilities of 3.63% and 3.57%, 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.