CWI vs. JHID

Last updated Apr 9, 2026

CWI (SPDR MSCI ACWI ex-US ETF) and JHID (John Hancock International High Dividend ETF) are both Foreign Large Cap Equities funds. CWI is passively managed, while JHID is actively managed. Over the past 3 years, CWI returned 17.73%/yr vs 20.74%/yr for JHID. Their correlation of 0.90 suggests significant overlap in exposure. CWI charges 0.30%/yr vs 0.46%/yr for JHID.

Performance

CWI vs. JHID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI ACWI ex-US ETF (CWI) and John Hancock International High Dividend ETF (JHID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWI achieves a 7.41% return, which is significantly lower than JHID's 8.12% return.

CWI

• 1D: 4.05%
• 1M: 2.96%
• YTD: 7.41%
• 6M: 10.52%
• 1Y: 51.02%
• 3Y*: 17.73%
• 5Y*: 8.57%
• 10Y*: 9.63%

JHID

• 1D: -0.15%
• 1M: 2.32%
• YTD: 8.12%
• 6M: 15.56%
• 1Y: 52.54%
• 3Y*: 20.74%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWI vs. JHID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CWI SPDR MSCI ACWI ex-US ETF	7.41%	32.75%	6.27%	15.74%	-0.62%
JHID John Hancock International High Dividend ETF	8.12%	41.47%	3.62%	19.47%	-0.60%

Correlation

The correlation between CWI and JHID is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they'll tend to fall together during downturns. For meaningful risk reduction, look for holdings with correlations below 0.5.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.90

CWI vs. JHID - Expense Ratio Comparison

CWI has a 0.30% expense ratio, which is lower than JHID's 0.46% expense ratio.

JHID

John Hancock International High Dividend ETF

CWI

SPDR MSCI ACWI ex-US ETF

Return for Risk

CWI vs. JHID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWI

CWI Risk / Return Rank: 87
CWI Sharpe Ratio Rank: 90
CWI Sortino Ratio Rank: 92
CWI Omega Ratio Rank: 90
CWI Calmar Ratio Rank: 80
CWI Martin Ratio Rank: 83

JHID

JHID Risk / Return Rank: 95
JHID Sharpe Ratio Rank: 97
JHID Sortino Ratio Rank: 97
JHID Omega Ratio Rank: 96
JHID Calmar Ratio Rank: 91
JHID Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWI vs. JHID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) and John Hancock International High Dividend ETF (JHID). 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.

	CWI	JHID	Difference
Sharpe ratio Return per unit of total volatility	3.16	3.91	-0.75
Sortino ratio Return per unit of downside risk	4.53	5.63	-1.10
Omega ratio Gain probability vs. loss probability	1.62	1.76	-0.14
Calmar ratio Return relative to maximum drawdown	4.00	4.78	-0.78
Martin ratio Return relative to average drawdown	16.19	19.01	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWI vs. JHID - Sharpe Ratio Comparison

The current CWI Sharpe Ratio is 3.16, which is comparable to the JHID Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of CWI and JHID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CWI	JHID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	3.91	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	1.54	-1.31

Drawdowns

CWI vs. JHID - Drawdown Comparison

The maximum CWI drawdown since its inception was -60.77%, which is greater than JHID's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for CWI and JHID.

Drawdown Indicators

	CWI	JHID	Difference
Max Drawdown Largest peak-to-trough decline	-60.77%	-12.42%	-48.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	-8.42%	-3.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.64%	—	—
Current Drawdown Current decline from peak	-3.60%	-3.81%	+0.21%
Average Drawdown Average peak-to-trough decline	-12.95%	-2.54%	-10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.12%	+0.72%

Volatility

CWI vs. JHID - Volatility Comparison

SPDR MSCI ACWI ex-US ETF (CWI) has a higher volatility of 8.13% compared to John Hancock International High Dividend ETF (JHID) at 5.65%. This indicates that CWI's price experiences larger fluctuations and is considered to be riskier than JHID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWI	JHID	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	5.65%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	9.44%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	13.73%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	13.86%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	13.86%	+3.21%

Dividends

CWI vs. JHID - Dividend Comparison

CWI's dividend yield for the trailing twelve months is around 2.76%, less than JHID's 3.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWI SPDR MSCI ACWI ex-US ETF	2.76%	2.97%	2.89%	2.80%	3.17%	2.65%	2.07%	3.05%	2.81%	2.29%	2.45%	2.62%
JHID John Hancock International High Dividend ETF	3.01%	3.13%	5.15%	5.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%