GWX vs. ISVL
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and iShares International Developed Small Cap Value Factor ETF (ISVL).
GWX and ISVL 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. ISVL is a passively managed fund by iShares that tracks the performance of the FTSE Developed ex US ex Korea Small Cap Focused Value Index. It was launched on Mar 23, 2021. Both GWX and ISVL 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 ISVL.
Key characteristics
| GWX | ISVL | |
|---|---|---|
| YTD Return | -1.51% | 1.39% |
| 1Y Return | 4.34% | 10.84% |
| 3Y Return (Ann) | -4.02% | 2.15% |
| Sharpe Ratio | 0.27 | 0.69 |
| Daily Std Dev | 13.73% | 13.83% |
| Max Drawdown | -63.25% | -30.48% |
| Current Drawdown | -16.96% | -3.38% |
Correlation
The correlation between GWX and ISVL is 0.94, 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.
Performance
GWX vs. ISVL - Performance Comparison
In the year-to-date period, GWX achieves a -1.51% return, which is significantly lower than ISVL's 1.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GWX vs. ISVL - Expense Ratio Comparison
GWX has a 0.40% expense ratio, which is higher than ISVL's 0.30% expense ratio.
Risk-Adjusted Performance
GWX vs. ISVL - 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 International Developed Small Cap Value Factor ETF (ISVL). 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. ISVL - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.68%, less than ISVL's 3.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 2.68% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.64% | 13.53% | 3.06% |
ISVL iShares International Developed Small Cap Value Factor ETF | 3.77% | 3.82% | 3.37% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GWX vs. ISVL - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, which is greater than ISVL's maximum drawdown of -30.48%. Use the drawdown chart below to compare losses from any high point for GWX and ISVL. For additional features, visit the drawdowns tool.
Volatility
GWX vs. ISVL - Volatility Comparison
SPDR S&P International Small Cap ETF (GWX) and iShares International Developed Small Cap Value Factor ETF (ISVL) have volatilities of 4.03% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.