DWX vs. VTI

Last updated Jun 3, 2026

DWX (SPDR S&P International Dividend ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - DWX is a Foreign Large Cap Equities fund tracking the S&P International Dividend Opportunities Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, DWX returned 7.32%/yr vs 15.13%/yr for VTI. A 0.71 correlation means they provide meaningful diversification when combined. DWX charges 0.45%/yr vs 0.03%/yr for VTI.

Performance

DWX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P International Dividend ETF (DWX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWX achieves a 6.54% return, which is significantly lower than VTI's 12.01% return. Over the past 10 years, DWX has underperformed VTI with an annualized return of 7.32%, while VTI has yielded a comparatively higher 15.13% annualized return.

DWX

• 1D: -0.01%
• 1M: -0.12%
• YTD: 6.54%
• 6M: 9.07%
• 1Y: 15.35%
• 3Y*: 15.08%
• 5Y*: 7.37%
• 10Y*: 7.32%

VTI

• 1D: 0.26%
• 1M: 5.37%
• YTD: 12.01%
• 6M: 12.40%
• 1Y: 30.01%
• 3Y*: 22.37%
• 5Y*: 13.05%
• 10Y*: 15.13%

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

DWX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWX SPDR S&P International Dividend ETF	6.54%	31.62%	2.56%	14.74%	-12.99%	10.56%	-5.10%	20.26%	-11.11%	18.91%
VTI Vanguard Total Stock Market ETF	12.01%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between DWX and VTI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 20, 2008	0.71

Over the past year, the correlation between DWX and VTI has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

DWX vs. VTI - Sectors Allocation Comparison

Sectors	DWX	VTI
Financial Services	16.4%	12.0%
Communication Services	12.8%	10.3%
Consumer Defensive	12.6%	4.7%
Utilities	11.3%	2.3%
Real Estate	10.5%	2.4%
Energy	10.4%	3.7%
Industrials	10.2%	9.8%
Consumer Cyclical	6.2%	10.0%
Healthcare	4.5%	9.2%
Technology	2.8%	33.5%
Basic Materials	2.3%	2.0%

Return for Risk

DWX vs. VTI — Risk / Return Rank

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

DWX

DWX Risk / Return Rank: 39
DWX Sharpe Ratio Rank: 40
DWX Sortino Ratio Rank: 38
DWX Omega Ratio Rank: 40
DWX Calmar Ratio Rank: 38
DWX Martin Ratio Rank: 39

VTI

VTI Risk / Return Rank: 74
VTI Sharpe Ratio Rank: 75
VTI Sortino Ratio Rank: 74
VTI Omega Ratio Rank: 74
VTI Calmar Ratio Rank: 68
VTI Martin Ratio Rank: 80

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.

DWX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Dividend ETF (DWX) and Vanguard Total Stock Market ETF (VTI). 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.

	DWX	VTI	Difference
Sharpe ratio Return per unit of total volatility	1.43	2.48	-1.05
Sortino ratio Return per unit of downside risk	2.01	3.37	-1.37
Omega ratio Gain probability vs. loss probability	1.26	1.45	-0.18
Calmar ratio Return relative to maximum drawdown	1.90	3.44	-1.54
Martin ratio Return relative to average drawdown	6.21	15.88	-9.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DWX vs. VTI - Sharpe Ratio Comparison

The current DWX Sharpe Ratio is 1.43, which is lower than the VTI Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of DWX and VTI, 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

	DWX	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.48	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.75	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.83	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.51	-0.39

Drawdowns

DWX vs. VTI - Drawdown Comparison

The maximum DWX drawdown since its inception was -66.86%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for DWX and VTI.

Drawdown Indicators

	DWX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-55.45%	-11.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-8.92%	+0.33%
Max Drawdown (3Y) Largest decline over 3 years	-10.65%	-19.30%	+8.65%
Max Drawdown (5Y) Largest decline over 5 years	-26.96%	-25.36%	-1.60%
Max Drawdown (10Y) Largest decline over 10 years	-36.05%	-35.00%	-1.05%
Current Drawdown Current decline from peak	-3.85%	0.00%	-3.85%
Average Drawdown Average peak-to-trough decline	-14.13%	-8.03%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	1.93%	+0.69%

Volatility

DWX vs. VTI - Volatility Comparison

SPDR S&P International Dividend ETF (DWX) has a higher volatility of 3.08% compared to Vanguard Total Stock Market ETF (VTI) at 2.86%. This indicates that DWX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	2.86%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	9.11%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	10.82%	12.15%	-1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.21%	17.40%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	18.30%	-3.21%

DWX vs. VTI - Expense Ratio Comparison

DWX has a 0.45% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

DWX vs. VTI - Dividend Comparison

DWX's dividend yield for the trailing twelve months is around 4.19%, more than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWX SPDR S&P International Dividend ETF	4.19%	4.44%	4.31%	4.12%	4.68%	3.89%	3.84%	4.40%	5.06%	3.85%	5.25%	5.81%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both DWX and VTI in my portfolio?

DWX and VTI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWX or VTI?

DWX has higher volatility (3.08%) compared to VTI (2.86%). In terms of maximum drawdown, DWX dropped -66.86% vs VTI's -55.45%.

Which ETF is better, DWX or VTI?

On 10-year performance, VTI leads with 15.13% vs 7.32% for DWX. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWX or VTI?

Over the 10-year period, VTI has performed better with a 15.13% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWX or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.45% for DWX.

Which ETF pays a higher dividend yield, DWX or VTI?

DWX has the higher dividend yield at 4.19%, compared with 1.01% for VTI.

What is the main difference between DWX and VTI?

DWX is categorized as Foreign Large Cap Equities, while VTI is Large Cap Blend Equities. DWX tracks S&P International Dividend Opportunities Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.45% for DWX and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.48 vs 1.43), 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.