CWI vs. SPYG
Compare and contrast key facts about SPDR MSCI ACWI ex-US ETF (CWI) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
CWI and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both CWI and SPYG 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. SPYG - Performance Comparison
Loading graphics...
CWI vs. SPYG - 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -8.12% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Returns By Period
In the year-to-date period, CWI achieves a 1.87% return, which is significantly higher than SPYG's -8.12% return. Over the past 10 years, CWI has underperformed SPYG with an annualized return of 9.02%, while SPYG has yielded a comparatively higher 15.75% 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%
SPYG
- 1D
- 4.08%
- 1M
- -5.34%
- YTD
- -8.12%
- 6M
- -6.05%
- 1Y
- 22.51%
- 3Y*
- 21.85%
- 5Y*
- 12.24%
- 10Y*
- 15.75%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CWI vs. SPYG - Expense Ratio Comparison
CWI has a 0.30% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Return for Risk
CWI vs. SPYG — Risk / Return Rank
CWI
SPYG
CWI vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.01 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.58 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.66 | +0.68 |
Martin ratioReturn relative to average drawdown | 9.07 | 6.54 | +2.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CWI | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.01 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.58 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.77 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.31 | -0.09 |
Correlation
The correlation between CWI and SPYG is 0.77, 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. SPYG - Dividend Comparison
CWI's dividend yield for the trailing twelve months is around 2.91%, more than SPYG's 0.58% 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.58% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
CWI vs. SPYG - Drawdown Comparison
The maximum CWI drawdown since its inception was -60.77%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for CWI and SPYG.
Loading graphics...
Drawdown Indicators
| CWI | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -67.63% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -13.76% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.45% | -32.67% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | -32.67% | -1.97% |
Current DrawdownCurrent decline from peak | -8.57% | -10.24% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -24.48% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.50% | -0.54% |
Volatility
CWI vs. SPYG - Volatility Comparison
SPDR MSCI ACWI ex-US ETF (CWI) has a higher volatility of 8.14% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 7.20%. This indicates that CWI's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CWI | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 7.20% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 12.83% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 22.39% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 21.13% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 20.57% | -3.52% |