FIVA vs. RWX
FIVA (Fidelity International Value Factor ETF) and RWX (SPDR DJ Wilshire International Real Estate ETF) are both exchange-traded funds - FIVA is a Foreign Large Cap Equities fund tracking the Fidelity International Value Factor Index, while RWX is a REIT fund tracking the Dow Jones Global ex-U.S. Real Estate Securities Index. Both are passively managed. Over the past 5 years, FIVA returned 13.93%/yr vs -1.79%/yr for RWX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FIVA charges 0.18%/yr vs 0.59%/yr for RWX.
Performance
FIVA vs. RWX - Performance Comparison
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Returns By Period
In the year-to-date period, FIVA achieves a 16.41% return, which is significantly higher than RWX's 2.13% return.
FIVA
- 1D
- -0.46%
- 1M
- 1.61%
- 6M
- 9.20%
- YTD
- 16.41%
- 1Y
- 38.62%
- 3Y*
- 21.87%
- 5Y*
- 13.93%
- 10Y*
- —
- ALL TIME*
- 8.99%
RWX
- 1D
- -1.39%
- 1M
- 2.71%
- 6M
- -1.76%
- YTD
- 2.13%
- 1Y
- 8.86%
- 3Y*
- 6.65%
- 5Y*
- -1.79%
- 10Y*
- 0.78%
- ALL TIME*
- 0.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.76M | $2.92M | $3.12M | |
| $513.06K | $1.21M | $1.11M |
FIVA vs. RWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 16.41% | 45.83% | 2.53% | 20.38% | -10.37% | 15.90% | -1.78% | 19.78% | -18.62% |
RWX SPDR DJ Wilshire International Real Estate ETF | 2.13% | 26.24% | -12.15% | 6.25% | -21.84% | 9.34% | -9.03% | 19.88% | -10.54% |
Correlation
The correlation between FIVA and RWX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.70 |
The correlation between FIVA and RWX has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
FIVA vs. RWX — Risk / Return Rank
FIVA
RWX
FIVA vs. RWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) and SPDR DJ Wilshire International Real Estate ETF (RWX). 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.
| FIVA | RWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.13 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.72 | +2.54 |
| Martin ratioReturn relative to average drawdown | 12.95 | 1.69 | +11.26 |
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Drawdowns
FIVA vs. RWX - Drawdown Comparison
The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum RWX drawdown of -73.62%. Use the drawdown chart below to compare losses from any high point for FIVA and RWX.
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Drawdown Indicators
| FIVA | RWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -73.62% | +33.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -13.58% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -19.05% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -35.91% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.37% | — |
Current DrawdownCurrent decline from peak | -0.46% | -9.93% | +9.47% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -20.23% | +12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 5.80% | -2.85% |
Volatility
FIVA vs. RWX - Volatility Comparison
Fidelity International Value Factor ETF (FIVA) has a higher volatility of 4.35% compared to SPDR DJ Wilshire International Real Estate ETF (RWX) at 3.69%. This indicates that FIVA's price experiences larger fluctuations and is considered to be riskier than RWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIVA | RWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.69% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 11.56% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 13.78% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 15.86% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 16.25% | +1.66% |
FIVA vs. RWX - Expense Ratio Comparison
FIVA has a 0.18% expense ratio, which is lower than RWX's 0.59% expense ratio.
Dividends
FIVA vs. RWX - Dividend Comparison
FIVA's dividend yield for the trailing twelve months is around 2.59%, less than RWX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 2.59% | 2.68% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% | 0.00% | 0.00% | 0.00% |
RWX SPDR DJ Wilshire International Real Estate ETF | 3.83% | 3.65% | 4.32% | 3.90% | 4.05% | 4.62% | 2.92% | 8.94% | 5.28% | 2.77% | 8.74% | 2.94% |
Frequently Asked Questions
FIVA and RWX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVA has higher volatility (4.35%) compared to RWX (3.69%). In terms of maximum drawdown, FIVA dropped -39.76% vs RWX's -73.62%.
On 5-year performance, FIVA leads with 13.93% vs -1.79% for RWX. On fees, FIVA is cheaper at 0.18% per year. On volatility, RWX has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIVA has performed better with a 13.93% return vs -1.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIVA is cheaper with a 0.18% expense ratio, compared with 0.59% for RWX.
RWX has the higher dividend yield at 3.83%, compared with 2.59% for FIVA.
FIVA is categorized as Foreign Large Cap Equities, while RWX is REIT. FIVA tracks Fidelity International Value Factor Index, while RWX tracks Dow Jones Global ex-U.S. Real Estate Securities Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.18% for FIVA and 0.59% for RWX.
FIVA currently has the higher Sharpe Ratio (2.40 vs 0.71), 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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