DUKX vs. SPDW

Last updated Jun 4, 2026

DUKX (Ocean Park International ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. DUKX is actively managed, while SPDW is passively managed. Over the past year, DUKX returned 27.12% vs 32.15% for SPDW. Their correlation of 0.90 suggests significant overlap in exposure. DUKX charges 1.03%/yr vs 0.04%/yr for SPDW.

Performance

DUKX vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park International ETF (DUKX) 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, DUKX achieves a 10.68% return, which is significantly lower than SPDW's 15.00% return.

DUKX

• 1D: -1.04%
• 1M: 4.42%
• YTD: 10.68%
• 6M: 12.70%
• 1Y: 27.12%
• 3Y*: —
• 5Y*: —
• 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)

DUKX vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKX Ocean Park International ETF	10.68%	11.07%	-3.54%
SPDW SPDR Portfolio World ex-US ETF	15.00%	34.75%	-4.46%

Correlation

The correlation between DUKX and SPDW is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.90

The correlation between DUKX and SPDW has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

DUKX vs. SPDW - Sectors Allocation Comparison

Sectors	DUKX	SPDW
Financial Services	22.8%	22.9%
Technology	19.9%	13.7%
Industrials	13.0%	19.2%
Basic Materials	8.8%	7.3%
Consumer Cyclical	8.2%	7.8%
Healthcare	5.9%	8.3%
Communication Services	5.3%	3.8%
Consumer Defensive	5.3%	5.7%
Energy	4.7%	5.5%
Utilities	3.3%	3.3%
Real Estate	2.8%	2.5%

Return for Risk

DUKX vs. SPDW — Risk / Return Rank

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

DUKX

DUKX Risk / Return Rank: 57
DUKX Sharpe Ratio Rank: 61
DUKX Sortino Ratio Rank: 58
DUKX Omega Ratio Rank: 62
DUKX Calmar Ratio Rank: 59
DUKX Martin Ratio Rank: 48

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.

DUKX vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park International ETF (DUKX) 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.

	DUKX	SPDW	Difference
Sharpe ratio Return per unit of total volatility	2.02	2.07	-0.05
Sortino ratio Return per unit of downside risk	2.70	2.87	-0.17
Omega ratio Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio Return relative to maximum drawdown	2.87	2.80	+0.08
Martin ratio Return relative to average drawdown	7.95	10.93	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUKX vs. SPDW - Sharpe Ratio Comparison

The current DUKX Sharpe Ratio is 2.02, which is comparable to the SPDW Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of DUKX 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

	DUKX	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.07	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.24	+0.43

Drawdowns

DUKX vs. SPDW - Drawdown Comparison

The maximum DUKX drawdown since its inception was -19.52%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for DUKX and SPDW.

Drawdown Indicators

	DUKX	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-19.52%	-60.02%	+40.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-11.55%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-1.90%	-0.87%	-1.03%
Average Drawdown Average peak-to-trough decline	-5.47%	-12.91%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.95%	+0.47%

Volatility

DUKX vs. SPDW - Volatility Comparison

Ocean Park International ETF (DUKX) and SPDR Portfolio World ex-US ETF (SPDW) have volatilities of 5.54% and 5.63%, 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.

Volatility by Period

	DUKX	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	5.63%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	13.17%	-2.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	15.60%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	16.49%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	17.26%	-3.11%

DUKX vs. SPDW - Expense Ratio Comparison

DUKX has a 1.03% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

DUKX vs. SPDW - Dividend Comparison

DUKX's dividend yield for the trailing twelve months is around 2.24%, less than SPDW's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUKX Ocean Park International ETF	2.24%	2.65%	1.93%	0.00%	0.00%	0.00%	0.00%	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 DUKX and SPDW in my portfolio?

With a correlation of 0.92, DUKX and SPDW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DUKX or SPDW?

SPDW has higher volatility (5.63%) compared to DUKX (5.54%). In terms of maximum drawdown, DUKX dropped -19.52% vs SPDW's -60.02%.

Which ETF is better, DUKX or SPDW?

On 1-year performance, SPDW leads with 32.15% vs 27.12% for DUKX. On fees, SPDW is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKX or SPDW?

Over the 1-year period, SPDW has performed better with a 32.15% return vs 27.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKX or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 1.03% for DUKX.

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

SPDW has the higher dividend yield at 2.87%, compared with 2.24% for DUKX.

What is the main difference between DUKX and SPDW?

They also come from different issuers: Ocean Park and State Street. Their fees differ too: 1.03% for DUKX and 0.04% for SPDW.

Which has better risk-adjusted returns?

SPDW currently has the higher Sharpe Ratio (2.07 vs 2.02), 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.