GWX vs. SCZ
Compare and contrast key facts about SPDR S&P International Small Cap ETF (GWX) and iShares MSCI EAFE Small-Cap ETF (SCZ).
GWX and SCZ 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. SCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small Cap Index. It was launched on Dec 10, 2007. Both GWX and SCZ 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 SCZ.
Performance
GWX vs. SCZ - Performance Comparison
Returns By Period
In the year-to-date period, GWX achieves a 0.95% return, which is significantly lower than SCZ's 1.67% return. Over the past 10 years, GWX has underperformed SCZ with an annualized return of 4.36%, while SCZ has yielded a comparatively higher 5.30% annualized return.
GWX
0.95%
-3.24%
-0.46%
9.04%
3.20%
4.36%
SCZ
1.67%
-3.63%
-0.70%
9.83%
3.15%
5.30%
Key characteristics
| GWX | SCZ | |
|---|---|---|
| Sharpe Ratio | 0.66 | 0.74 |
| Sortino Ratio | 0.99 | 1.11 |
| Omega Ratio | 1.12 | 1.14 |
| Calmar Ratio | 0.43 | 0.46 |
| Martin Ratio | 2.99 | 3.29 |
| Ulcer Index | 3.16% | 3.11% |
| Daily Std Dev | 14.38% | 13.78% |
| Max Drawdown | -63.25% | -61.86% |
| Current Drawdown | -14.89% | -14.73% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GWX vs. SCZ - Expense Ratio Comparison
Both GWX and SCZ have an expense ratio of 0.40%.
Correlation
The correlation between GWX and SCZ is 0.93, 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. SCZ - 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 MSCI EAFE Small-Cap ETF (SCZ). 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. SCZ - Dividend Comparison
GWX's dividend yield for the trailing twelve months is around 2.57%, less than SCZ's 2.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 2.57% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.67% | 13.53% | 3.06% |
SCZ iShares MSCI EAFE Small-Cap ETF | 2.79% | 2.95% | 1.99% | 2.96% | 1.52% | 3.51% | 2.79% | 2.38% | 2.82% | 2.06% | 2.61% | 2.40% |
Drawdowns
GWX vs. SCZ - Drawdown Comparison
The maximum GWX drawdown since its inception was -63.25%, roughly equal to the maximum SCZ drawdown of -61.86%. Use the drawdown chart below to compare losses from any high point for GWX and SCZ. For additional features, visit the drawdowns tool.
Volatility
GWX vs. SCZ - Volatility Comparison
SPDR S&P International Small Cap ETF (GWX) and iShares MSCI EAFE Small-Cap ETF (SCZ) have volatilities of 3.41% and 3.54%, 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.