CWI vs. SCHD
Compare and contrast key facts about SPDR MSCI ACWI ex-US ETF (CWI) and Schwab U.S. Dividend Equity ETF (SCHD).
CWI and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both CWI and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CWI vs. SCHD - Performance Comparison
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CWI vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 1.87% | 32.75% | 6.27% | 15.74% | -15.39% | 8.81% | 9.83% | 21.92% | -13.83% | 26.89% |
SCHD Schwab U.S. Dividend Equity ETF | 12.79% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, CWI achieves a 1.87% return, which is significantly lower than SCHD's 12.79% return. Over the past 10 years, CWI has underperformed SCHD with an annualized return of 9.02%, while SCHD has yielded a comparatively higher 12.31% annualized return.
CWI
- 1D
- 3.22%
- 1M
- -8.11%
- YTD
- 1.87%
- 6M
- 6.68%
- 1Y
- 27.73%
- 3Y*
- 15.86%
- 5Y*
- 7.61%
- 10Y*
- 9.02%
SCHD
- 1D
- 0.66%
- 1M
- -2.61%
- YTD
- 12.79%
- 6M
- 14.49%
- 1Y
- 13.97%
- 3Y*
- 12.05%
- 5Y*
- 8.44%
- 10Y*
- 12.31%
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CWI vs. SCHD - Expense Ratio Comparison
CWI has a 0.30% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Return for Risk
CWI vs. SCHD — Risk / Return Rank
CWI
SCHD
CWI vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) and Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 0.89 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.35 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.19 | +1.15 |
Martin ratioReturn relative to average drawdown | 9.07 | 3.99 | +5.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CWI | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.89 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.59 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.74 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.84 | -0.62 |
Correlation
The correlation between CWI and SCHD is 0.73, 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.
Dividends
CWI vs. SCHD - Dividend Comparison
CWI's dividend yield for the trailing twelve months is around 2.91%, less than SCHD's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 2.91% | 2.97% | 2.89% | 2.80% | 3.17% | 2.65% | 2.07% | 3.05% | 2.81% | 2.29% | 2.45% | 2.62% |
SCHD Schwab U.S. Dividend Equity ETF | 3.44% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Drawdowns
CWI vs. SCHD - Drawdown Comparison
The maximum CWI drawdown since its inception was -60.77%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for CWI and SCHD.
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Drawdown Indicators
| CWI | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -33.37% | -27.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -12.74% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.45% | -16.85% | -12.60% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | -33.37% | -1.27% |
Current DrawdownCurrent decline from peak | -8.57% | -2.89% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -3.34% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.89% | -0.93% |
Volatility
CWI vs. SCHD - Volatility Comparison
SPDR MSCI ACWI ex-US ETF (CWI) has a higher volatility of 8.14% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.40%. This indicates that CWI's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWI | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 2.40% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 7.96% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 15.74% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.40% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.70% | +0.35% |