GWX vs. IJR
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and iShares Core S&P Small-Cap ETF (IJR).
GWX and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GWX is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. Under USD2 Billion Index. It was launched on Apr 20, 2007. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both GWX and IJR 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: GWX or IJR.
Performance
GWX vs. IJR - Performance Comparison
Returns By Period
In the year-to-date period, GWX achieves a 1.52% return, which is significantly lower than IJR's 16.80% return. Over the past 10 years, GWX has underperformed IJR with an annualized return of 4.41%, while IJR has yielded a comparatively higher 9.90% annualized return.
GWX
1.52%
-1.15%
-1.22%
9.66%
3.32%
4.41%
IJR
16.80%
9.06%
15.84%
32.18%
11.02%
9.90%
Key characteristics
| GWX | IJR | |
|---|---|---|
| Sharpe Ratio | 0.67 | 1.61 |
| Sortino Ratio | 1.01 | 2.37 |
| Omega Ratio | 1.13 | 1.28 |
| Calmar Ratio | 0.45 | 1.80 |
| Martin Ratio | 3.03 | 9.00 |
| Ulcer Index | 3.19% | 3.58% |
| Daily Std Dev | 14.39% | 20.00% |
| Max Drawdown | -63.25% | -58.15% |
| Current Drawdown | -14.40% | -0.96% |
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GWX vs. IJR - Expense Ratio Comparison
GWX has a 0.40% expense ratio, which is higher than IJR's 0.07% expense ratio.
Correlation
The correlation between GWX and IJR is 0.72, 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.
Risk-Adjusted Performance
GWX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Small Cap ETF (GWX) and iShares Core S&P Small-Cap ETF (IJR). 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
GWX vs. IJR - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.55%, more than IJR's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 2.55% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.67% | 13.53% | 3.06% |
IJR iShares Core S&P Small-Cap ETF | 1.21% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
GWX vs. IJR - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for GWX and IJR. For additional features, visit the drawdowns tool.
Volatility
GWX vs. IJR - Volatility Comparison
The current volatility for SPDR S&P International Small Cap ETF (GWX) is 3.41%, while iShares Core S&P Small-Cap ETF (IJR) has a volatility of 7.60%. This indicates that GWX experiences smaller price fluctuations and is considered to be less risky than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.