DSTX vs. SPDW

Last updated Jun 4, 2026

DSTX (Distillate International Fundamental Stability & Value ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds - DSTX tracks the Distillate Fundamental Stability & Value Index while SPDW tracks the S&P Developed Ex-U.S. BMI Index. Both are passively managed. Over the past 5 years, DSTX returned 6.71%/yr vs 9.38%/yr for SPDW. Their correlation of 0.93 suggests significant overlap in exposure. DSTX charges 0.55%/yr vs 0.04%/yr for SPDW.

Performance

DSTX vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Distillate International Fundamental Stability & Value ETF (DSTX) and SPDR Portfolio World ex-US ETF (SPDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSTX achieves a 7.12% return, which is significantly lower than SPDW's 15.00% return.

DSTX

• 1D: -1.79%
• 1M: 1.49%
• YTD: 7.12%
• 6M: 9.63%
• 1Y: 28.82%
• 3Y*: 17.09%
• 5Y*: 6.71%
• 10Y*: —

SPDW

• 1D: -0.87%
• 1M: 5.56%
• YTD: 15.00%
• 6M: 18.06%
• 1Y: 32.15%
• 3Y*: 19.77%
• 5Y*: 9.38%
• 10Y*: 10.09%

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

DSTX vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DSTX Distillate International Fundamental Stability & Value ETF	7.12%	41.71%	-0.44%	20.03%	-18.85%	1.78%	2.03%
SPDW SPDR Portfolio World ex-US ETF	15.00%	34.75%	3.55%	17.81%	-15.98%	11.45%	1.06%

Correlation

The correlation between DSTX and SPDW is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020	0.93

The correlation between DSTX and SPDW has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

DSTX vs. SPDW - Sectors Allocation Comparison

Sectors	DSTX	SPDW
Technology	19.8%	13.7%
Industrials	15.2%	19.2%
Basic Materials	14.4%	7.3%
Consumer Cyclical	13.8%	7.8%
Healthcare	8.5%	8.3%
Consumer Defensive	8.3%	5.7%
Communication Services	7.2%	3.8%
Energy	4.7%	5.5%
Financial Services	4.2%	22.9%
Real Estate	-	2.5%
Utilities	-	3.3%

Return for Risk

DSTX vs. SPDW — Risk / Return Rank

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

DSTX

DSTX Risk / Return Rank: 51
DSTX Sharpe Ratio Rank: 54
DSTX Sortino Ratio Rank: 52
DSTX Omega Ratio Rank: 53
DSTX Calmar Ratio Rank: 47
DSTX Martin Ratio Rank: 50

SPDW

SPDW Risk / Return Rank: 59
SPDW Sharpe Ratio Rank: 60
SPDW Sortino Ratio Rank: 59
SPDW Omega Ratio Rank: 59
SPDW Calmar Ratio Rank: 55
SPDW Martin Ratio Rank: 60

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.

DSTX vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate International Fundamental Stability & Value ETF (DSTX) and SPDR Portfolio World ex-US ETF (SPDW). 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.

	DSTX	SPDW	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.07	-0.23
Sortino ratio: Return per unit of downside risk	2.50	2.87	-0.37
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	2.32	2.80	-0.48
Martin ratio: Return relative to average drawdown	8.45	10.93	-2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSTX vs. SPDW - Sharpe Ratio Comparison

The current DSTX Sharpe Ratio is 1.84, which is comparable to the SPDW Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of DSTX and SPDW, 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

	DSTX	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.07	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.57	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.24	+0.24

Drawdowns

DSTX vs. SPDW - Drawdown Comparison

The maximum DSTX drawdown since its inception was -33.67%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for DSTX and SPDW.

Drawdown Indicators

	DSTX	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-60.02%	+26.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-11.55%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.29%	-13.53%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-33.67%	-30.21%	-3.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-4.08%	-0.87%	-3.21%
Average Drawdown Average peak-to-trough decline	-8.97%	-12.91%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.95%	+0.47%

Volatility

DSTX vs. SPDW - Volatility Comparison

The current volatility for Distillate International Fundamental Stability & Value ETF (DSTX) is 4.62%, while SPDR Portfolio World ex-US ETF (SPDW) has a volatility of 5.63%. This indicates that DSTX experiences smaller price fluctuations and is considered to be less risky than SPDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSTX	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	5.63%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	13.17%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	15.60%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	16.49%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	17.26%	-0.44%

DSTX vs. SPDW - Expense Ratio Comparison

DSTX has a 0.55% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

DSTX vs. SPDW - Dividend Comparison

DSTX's dividend yield for the trailing twelve months is around 2.72%, less than SPDW's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSTX Distillate International Fundamental Stability & Value ETF	2.72%	2.93%	2.41%	1.81%	3.68%	2.24%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
SPDW SPDR Portfolio World ex-US ETF	2.87%	3.30%	3.19%	2.75%	3.12%	3.04%	1.87%	3.13%	3.08%	1.86%	3.11%	2.78%

Frequently Asked Questions

Can I hold both DSTX and SPDW in my portfolio?

DSTX and SPDW have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSTX or SPDW?

SPDW has higher volatility (5.63%) compared to DSTX (4.62%). In terms of maximum drawdown, DSTX dropped -33.67% vs SPDW's -60.02%.

Which ETF is better, DSTX or SPDW?

On 5-year performance, SPDW leads with 9.38% vs 6.71% for DSTX. On fees, SPDW is cheaper at 0.04% per year. On volatility, DSTX has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSTX or SPDW?

Over the 5-year period, SPDW has performed better with a 9.38% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSTX or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.55% for DSTX.

Which ETF pays a higher dividend yield, DSTX or SPDW?

SPDW has the higher dividend yield at 2.87%, compared with 2.72% for DSTX.

What is the main difference between DSTX and SPDW?

DSTX tracks Distillate Fundamental Stability & Value Index, while SPDW tracks S&P Developed Ex-U.S. BMI Index. They also come from different issuers: Distillate Capital and State Street. Their fees differ too: 0.55% for DSTX and 0.04% for SPDW.

Which has better risk-adjusted returns?

SPDW currently has the higher Sharpe Ratio (2.07 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.