CWI vs. VXUS
Compare and contrast key facts about SPDR MSCI ACWI ex-US ETF (CWI) and Vanguard Total International Stock ETF (VXUS).
CWI and VXUS 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. VXUS is a passively managed fund by Vanguard that tracks the performance of the MSCI All Country World ex USA Investable Market Index. It was launched on Jan 26, 2011. Both CWI and VXUS 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: CWI or VXUS.
Key characteristics
| CWI | VXUS | |
|---|---|---|
| YTD Return | 3.85% | 3.41% |
| 1Y Return | 10.33% | 9.94% |
| 3Y Return (Ann) | 1.01% | 0.69% |
| 5Y Return (Ann) | 5.58% | 5.56% |
| 10Y Return (Ann) | 4.22% | 4.22% |
| Sharpe Ratio | 0.84 | 0.82 |
| Daily Std Dev | 12.50% | 12.40% |
| Max Drawdown | -60.76% | -35.97% |
| Current Drawdown | -1.86% | -2.60% |
Correlation
The correlation between CWI and VXUS 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
CWI vs. VXUS - Performance Comparison
In the year-to-date period, CWI achieves a 3.85% return, which is significantly higher than VXUS's 3.41% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: CWI at 4.22% and VXUS at 4.22%. 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. VXUS - Expense Ratio Comparison
CWI has a 0.30% expense ratio, which is higher than VXUS's 0.07% expense ratio.
Risk-Adjusted Performance
CWI vs. VXUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) and Vanguard Total International Stock ETF (VXUS). 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. VXUS - Dividend Comparison
CWI's dividend yield for the trailing twelve months is around 2.70%, less than VXUS's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 2.70% | 2.80% | 3.17% | 2.65% | 2.07% | 3.81% | 2.81% | 2.29% | 2.45% | 2.62% | 3.21% | 2.69% |
VXUS Vanguard Total International Stock ETF | 3.32% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% | 3.40% | 2.70% |
Drawdowns
CWI vs. VXUS - Drawdown Comparison
The maximum CWI drawdown since its inception was -60.76%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for CWI and VXUS. For additional features, visit the drawdowns tool.
Volatility
CWI vs. VXUS - Volatility Comparison
SPDR MSCI ACWI ex-US ETF (CWI) and Vanguard Total International Stock ETF (VXUS) have volatilities of 3.40% and 3.41%, 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.