EPIN vs. SPDW

Last updated Jun 3, 2026

EPIN (Harbor International Equity ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. EPIN is actively managed, while SPDW is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. EPIN charges 0.80%/yr vs 0.04%/yr for SPDW.

Performance

EPIN vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Equity ETF (EPIN) 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, EPIN achieves a 25.75% return, which is significantly higher than SPDW's 16.01% return.

EPIN

• 1D: 0.86%
• 1M: 12.44%
• YTD: 25.75%
• 6M: 30.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPDW

• 1D: 0.59%
• 1M: 5.38%
• YTD: 16.01%
• 6M: 19.78%
• 1Y: 32.42%
• 3Y*: 20.12%
• 5Y*: 9.77%
• 10Y*: 10.19%

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

EPIN vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025
EPIN Harbor International Equity ETF	25.75%	14.68%
SPDW SPDR Portfolio World ex-US ETF	16.01%	14.34%

Correlation

The correlation between EPIN 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 (All Time) Calculated using the full available price history since Jun 6, 2025	0.92

EPIN vs. SPDW - Sectors Allocation Comparison

Sectors	EPIN	SPDW
Technology	29.2%	13.7%
Industrials	21.3%	19.2%
Financial Services	19.4%	22.9%
Basic Materials	7.7%	7.3%
Consumer Cyclical	6.8%	7.8%
Healthcare	6.8%	8.3%
Energy	5.1%	5.5%
Consumer Defensive	2.6%	5.7%
Communication Services	1.2%	3.8%
Real Estate	-	2.5%
Utilities	-	3.3%

Return for Risk

EPIN vs. SPDW — Risk / Return Rank

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

SPDW

SPDW Risk / Return Rank: 61
SPDW Sharpe Ratio Rank: 62
SPDW Sortino Ratio Rank: 61
SPDW Omega Ratio Rank: 61
SPDW Calmar Ratio Rank: 58
SPDW Martin Ratio Rank: 63

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.

EPIN vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Equity ETF (EPIN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EPIN	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.60	0.24	+2.36

Drawdowns

EPIN vs. SPDW - Drawdown Comparison

The maximum EPIN drawdown since its inception was -11.64%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for EPIN and SPDW.

Drawdown Indicators

	EPIN	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-11.64%	-60.02%	+48.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.55%	—
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.76%	-12.91%	+11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	EPIN	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	15.60%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	16.49%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	17.26%	+0.11%

EPIN vs. SPDW - Expense Ratio Comparison

EPIN has a 0.80% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

EPIN vs. SPDW - Dividend Comparison

EPIN's dividend yield for the trailing twelve months is around 0.63%, less than SPDW's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPIN Harbor International Equity ETF	0.63%	0.79%	0.00%	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	2.85%	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 EPIN and SPDW in my portfolio?

With a correlation of 0.92, EPIN 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 ETF is better, EPIN or SPDW?

On fees, SPDW is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPIN or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.80% for EPIN.

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

SPDW has the higher dividend yield at 2.85%, compared with 0.63% for EPIN.

What is the main difference between EPIN and SPDW?

They also come from different issuers: Harbor and State Street. Their fees differ too: 0.80% for EPIN and 0.04% for SPDW.