DWX vs. IBIC
DWX (SPDR S&P International Dividend ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - DWX is a Foreign Large Cap Equities fund tracking the S&P International Dividend Opportunities Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, DWX returned 14.56% vs 4.38% for IBIC. At a 0.15 correlation, their price movements are largely independent. DWX charges 0.45%/yr vs 0.10%/yr for IBIC.
Performance
DWX vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, DWX achieves a 5.78% return, which is significantly higher than IBIC's 2.39% return.
DWX
- 1D
- -0.51%
- 1M
- -1.18%
- YTD
- 5.78%
- 6M
- 6.08%
- 1Y
- 14.56%
- 3Y*
- 15.28%
- 5Y*
- 7.29%
- 10Y*
- 7.81%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DWX vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DWX SPDR S&P International Dividend ETF | 5.78% | 31.62% | 2.56% | 4.45% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between DWX and IBIC is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.15 |
The correlation between DWX and IBIC shifts across timeframes, from -0.08 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DWX vs. IBIC — Risk / Return Rank
DWX
IBIC
DWX vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Dividend ETF (DWX) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DWX | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -7.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 2.21 | -0.97 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 16.41 | -14.71 |
| Martin ratioReturn relative to average drawdown | 5.28 | 58.11 | -52.83 |
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Drawdowns
DWX vs. IBIC - Drawdown Comparison
The maximum DWX drawdown since its inception was -66.86%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for DWX and IBIC.
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Drawdown Indicators
| DWX | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -0.90% | -65.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -0.27% | -8.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | — | — |
Current DrawdownCurrent decline from peak | -4.53% | -0.11% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -14.10% | -0.10% | -14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 0.08% | +2.68% |
Volatility
DWX vs. IBIC - Volatility Comparison
SPDR S&P International Dividend ETF (DWX) has a higher volatility of 2.98% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that DWX's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWX | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 0.16% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 0.67% | +8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 0.89% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.23% | 1.57% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 1.57% | +13.25% |
DWX vs. IBIC - Expense Ratio Comparison
DWX has a 0.45% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
DWX vs. IBIC - Dividend Comparison
DWX's dividend yield for the trailing twelve months is around 4.31%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWX SPDR S&P International Dividend ETF | 4.31% | 4.44% | 4.31% | 4.12% | 4.68% | 3.89% | 3.84% | 4.40% | 5.06% | 3.85% | 5.25% | 5.81% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DWX and IBIC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWX has higher volatility (2.98%) compared to IBIC (0.16%). In terms of maximum drawdown, DWX dropped -66.86% vs IBIC's -0.90%.
On 1-year performance, DWX leads with 14.56% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DWX has performed better with a 14.56% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.45% for DWX.
DWX has the higher dividend yield at 4.31%, compared with 3.59% for IBIC.
DWX is categorized as Foreign Large Cap Equities, while IBIC is Inflation-Protected Bonds. DWX tracks S&P International Dividend Opportunities Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for DWX and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 1.33), 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.
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