GWX vs. IWM
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and iShares Russell 2000 ETF (IWM).
GWX and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both GWX and IWM 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 IWM.
Key characteristics
| GWX | IWM | |
|---|---|---|
| YTD Return | -1.51% | -1.94% |
| 1Y Return | 4.34% | 15.90% |
| 3Y Return (Ann) | -4.02% | -3.18% |
| 5Y Return (Ann) | 2.98% | 5.50% |
| 10Y Return (Ann) | 3.34% | 7.21% |
| Sharpe Ratio | 0.27 | 0.68 |
| Daily Std Dev | 13.73% | 19.82% |
| Max Drawdown | -63.25% | -59.05% |
| Current Drawdown | -16.96% | -16.21% |
Correlation
The correlation between GWX and IWM is 0.74, 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. IWM - Performance Comparison
In the year-to-date period, GWX achieves a -1.51% return, which is significantly higher than IWM's -1.94% return. Over the past 10 years, GWX has underperformed IWM with an annualized return of 3.34%, while IWM has yielded a comparatively higher 7.21% annualized 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. IWM - Expense Ratio Comparison
GWX has a 0.40% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
GWX vs. IWM - 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 Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.68%, more than IWM's 1.32% 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% |
IWM iShares Russell 2000 ETF | 1.32% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
GWX vs. IWM - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for GWX and IWM. For additional features, visit the drawdowns tool.
Volatility
GWX vs. IWM - Volatility Comparison
The current volatility for SPDR S&P International Small Cap ETF (GWX) is 4.03%, while iShares Russell 2000 ETF (IWM) has a volatility of 5.21%. This indicates that GWX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.