GIEQ vs. SPDW
GIEQ (Goldman Sachs Data Enhanced International Equity ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. Their correlation of 0.91 suggests significant overlap in exposure. GIEQ charges 0.30%/yr vs 0.04%/yr for SPDW.
Performance
GIEQ vs. SPDW - Performance Comparison
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Returns By Period
GIEQ
- 1D
- -0.73%
- 1M
- -1.92%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPDW
- 1D
- -0.63%
- 1M
- -3.99%
- 6M
- 7.53%
- YTD
- 12.05%
- 1Y
- 25.96%
- 3Y*
- 17.27%
- 5Y*
- 9.46%
- 10Y*
- 9.88%
- ALL TIME*
- 4.99%
GIEQ vs. SPDW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GIEQ Goldman Sachs Data Enhanced International Equity ETF | 1.07% |
SPDW SPDR Portfolio World ex-US ETF | -0.49% |
Correlation
The correlation between GIEQ and SPDW is 0.91, 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 May 21, 2026 | 0.91 |
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Return for Risk
GIEQ vs. SPDW — Risk / Return Rank
GIEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPDW
GIEQ vs. SPDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Data Enhanced International Equity ETF (GIEQ) 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.
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.
| GIEQ | SPDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.26 | — |
| Martin ratioReturn relative to average drawdown | — | 8.53 | — |
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Drawdowns
GIEQ vs. SPDW - Drawdown Comparison
The maximum GIEQ drawdown since its inception was -3.19%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for GIEQ and SPDW.
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Drawdown Indicators
| GIEQ | SPDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -60.02% | +56.83% |
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 DrawdownCurrent decline from peak | -2.57% | -4.05% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -12.84% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.05% | — |
Volatility
GIEQ vs. SPDW - Volatility Comparison
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Volatility by Period
| GIEQ | SPDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 16.96% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 16.72% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 17.10% | -1.90% |
GIEQ vs. SPDW - Expense Ratio Comparison
GIEQ has a 0.30% expense ratio, which is higher than SPDW's 0.04% expense ratio.
Dividends
GIEQ vs. SPDW - Dividend Comparison
GIEQ has not paid dividends to shareholders, while SPDW's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIEQ Goldman Sachs Data Enhanced International Equity ETF | 0.00% | 0.00% | 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 | 3.09% | 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
With a correlation of 0.91, GIEQ 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.
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.
SPDW is cheaper with a 0.04% expense ratio, compared with 0.30% for GIEQ.
SPDW has the higher dividend yield at 3.09%, compared with 0.00% for GIEQ.
They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.30% for GIEQ and 0.04% for SPDW.
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