GWX vs. PRIDX
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and T. Rowe Price International Discovery Fund (PRIDX).
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. PRIDX is managed by T. Rowe Price. It was launched on Dec 29, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GWX or PRIDX.
Performance
GWX vs. PRIDX - Performance Comparison
Returns By Period
In the year-to-date period, GWX achieves a 1.52% return, which is significantly lower than PRIDX's 3.94% return. Over the past 10 years, GWX has outperformed PRIDX with an annualized return of 4.41%, while PRIDX has yielded a comparatively lower 2.10% annualized return.
GWX
1.52%
-1.15%
-1.22%
9.66%
3.32%
4.41%
PRIDX
3.94%
-3.14%
-2.57%
10.93%
0.57%
2.10%
Key characteristics
| GWX | PRIDX | |
|---|---|---|
| Sharpe Ratio | 0.67 | 0.85 |
| Sortino Ratio | 1.01 | 1.25 |
| Omega Ratio | 1.13 | 1.15 |
| Calmar Ratio | 0.45 | 0.25 |
| Martin Ratio | 3.03 | 3.83 |
| Ulcer Index | 3.19% | 2.85% |
| Daily Std Dev | 14.39% | 12.80% |
| Max Drawdown | -63.25% | -71.20% |
| Current Drawdown | -14.40% | -37.44% |
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GWX vs. PRIDX - Expense Ratio Comparison
GWX has a 0.40% expense ratio, which is lower than PRIDX's 1.23% expense ratio.
Correlation
The correlation between GWX and PRIDX is 0.88, 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. PRIDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P International Small Cap ETF (GWX) and T. Rowe Price International Discovery Fund (PRIDX). 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. PRIDX - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.55%, more than PRIDX'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% |
PRIDX T. Rowe Price International Discovery Fund | 1.21% | 1.25% | 0.00% | 0.00% | 0.08% | 0.83% | 0.58% | 0.35% | 0.58% | 0.69% | 0.87% | 1.11% |
Drawdowns
GWX vs. PRIDX - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, smaller than the maximum PRIDX drawdown of -71.20%. Use the drawdown chart below to compare losses from any high point for GWX and PRIDX. For additional features, visit the drawdowns tool.
Volatility
GWX vs. PRIDX - Volatility Comparison
SPDR S&P International Small Cap ETF (GWX) has a higher volatility of 3.41% compared to T. Rowe Price International Discovery Fund (PRIDX) at 3.15%. This indicates that GWX's price experiences larger fluctuations and is considered to be riskier than PRIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.