DWX vs. PID
Compare and contrast key facts about SPDR S&P International Dividend ETF (DWX) and Invesco International Dividend Achievers™ ETF (PID).
DWX and PID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWX is a passively managed fund by State Street that tracks the performance of the S&P International Dividend Opportunities Index. It was launched on Feb 12, 2008. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. Both DWX and PID 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: DWX or PID.
Key characteristics
| DWX | PID | |
|---|---|---|
| YTD Return | 4.54% | 6.70% |
| 1Y Return | 12.79% | 19.14% |
| 3Y Return (Ann) | 1.77% | 5.00% |
| 5Y Return (Ann) | 2.34% | 6.95% |
| 10Y Return (Ann) | 2.18% | 4.24% |
| Sharpe Ratio | 1.26 | 1.57 |
| Sortino Ratio | 1.82 | 2.25 |
| Omega Ratio | 1.23 | 1.28 |
| Calmar Ratio | 1.34 | 1.69 |
| Martin Ratio | 5.45 | 8.51 |
| Ulcer Index | 2.38% | 2.28% |
| Daily Std Dev | 10.26% | 12.30% |
| Max Drawdown | -66.86% | -66.34% |
| Current Drawdown | -7.28% | -4.61% |
Correlation
The correlation between DWX and PID is 0.85, 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
DWX vs. PID - Performance Comparison
In the year-to-date period, DWX achieves a 4.54% return, which is significantly lower than PID's 6.70% return. Over the past 10 years, DWX has underperformed PID with an annualized return of 2.18%, while PID has yielded a comparatively higher 4.24% annualized return. 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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DWX vs. PID - Expense Ratio Comparison
DWX has a 0.45% expense ratio, which is lower than PID's 0.56% expense ratio.
Risk-Adjusted Performance
DWX vs. PID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Dividend ETF (DWX) and Invesco International Dividend Achievers™ ETF (PID). 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
DWX vs. PID - Dividend Comparison
DWX's dividend yield for the trailing twelve months is around 4.35%, more than PID's 3.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DWX SPDR S&P International Dividend ETF | 4.35% | 4.12% | 4.68% | 3.89% | 3.84% | 4.40% | 5.06% | 3.85% | 5.26% | 5.81% | 6.02% | 6.85% |
PID Invesco International Dividend Achievers™ ETF | 3.75% | 3.31% | 3.29% | 3.29% | 3.17% | 4.00% | 3.86% | 3.46% | 3.91% | 4.48% | 3.92% | 2.17% |
Drawdowns
DWX vs. PID - Drawdown Comparison
The maximum DWX drawdown since its inception was -66.86%, roughly equal to the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for DWX and PID. For additional features, visit the drawdowns tool.
Volatility
DWX vs. PID - Volatility Comparison
SPDR S&P International Dividend ETF (DWX) and Invesco International Dividend Achievers™ ETF (PID) have volatilities of 3.07% and 2.96%, 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.