GXUS vs. DWX

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and SPDR S&P International Dividend ETF (DWX).

GXUS and DWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXUS is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive GBS Global Markets ex United States Large & Mid Cap Index - Benchmark TR Net. It was launched on May 31, 2023. DWX is a passively managed fund by State Street that tracks the performance of the S&P International Dividend Opportunities Index. It was launched on Feb 12, 2008. Both GXUS and DWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GXUS vs. DWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and SPDR S&P International Dividend ETF (DWX). The values are adjusted to include any dividend payments, if applicable.

GXUS vs. DWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF	2.30%	31.47%	4.61%	6.23%
DWX SPDR S&P International Dividend ETF	4.30%	31.62%	2.56%	6.55%

Returns By Period

In the year-to-date period, GXUS achieves a 2.30% return, which is significantly lower than DWX's 4.30% return.

GXUS

• 1D: 3.21%
• 1M: -8.13%
• YTD: 2.30%
• 6M: 7.21%
• 1Y: 26.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DWX

• 1D: 1.94%
• 1M: -5.87%
• YTD: 4.30%
• 6M: 8.96%
• 1Y: 24.41%
• 3Y*: 14.87%
• 5Y*: 8.07%
• 10Y*: 7.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXUS vs. DWX - Expense Ratio Comparison

GXUS has a 0.18% expense ratio, which is lower than DWX's 0.45% expense ratio.

DWX

SPDR S&P International Dividend ETF

GXUS

Goldman Sachs MarketBeta(R) Total International Equity ETF

Return for Risk

GXUS vs. DWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GXUS

GXUS Risk / Return Rank: 79
GXUS Sharpe Ratio Rank: 80
GXUS Sortino Ratio Rank: 78
GXUS Omega Ratio Rank: 78
GXUS Calmar Ratio Rank: 81
GXUS Martin Ratio Rank: 78

DWX

DWX Risk / Return Rank: 90
DWX Sharpe Ratio Rank: 90
DWX Sortino Ratio Rank: 91
DWX Omega Ratio Rank: 90
DWX Calmar Ratio Rank: 89
DWX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GXUS vs. DWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) and SPDR S&P International Dividend ETF (DWX). 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.

	GXUS	DWX	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.96	-0.42
Sortino ratio Return per unit of downside risk	2.01	2.58	-0.57
Omega ratio Gain probability vs. loss probability	1.30	1.37	-0.07
Calmar ratio Return relative to maximum drawdown	2.29	2.79	-0.50
Martin ratio Return relative to average drawdown	8.39	10.67	-2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GXUS vs. DWX - Sharpe Ratio Comparison

The current GXUS Sharpe Ratio is 1.53, which is comparable to the DWX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of GXUS and DWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GXUS	DWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.96	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.12	+0.92

Correlation

The correlation between GXUS and DWX 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.

Dividends

GXUS vs. DWX - Dividend Comparison

GXUS's dividend yield for the trailing twelve months is around 2.47%, less than DWX's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXUS Goldman Sachs MarketBeta(R) Total International Equity ETF	2.47%	2.66%	2.87%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DWX SPDR S&P International Dividend ETF	4.28%	4.44%	4.31%	4.12%	4.68%	3.89%	3.84%	4.40%	5.06%	3.85%	5.25%	5.81%

Drawdowns

GXUS vs. DWX - Drawdown Comparison

The maximum GXUS drawdown since its inception was -13.90%, smaller than the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for GXUS and DWX.

Drawdown Indicators

	GXUS	DWX	Difference
Max Drawdown Largest peak-to-trough decline	-13.90%	-66.86%	+52.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.46%	-8.59%	-2.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.05%	—
Current Drawdown Current decline from peak	-8.61%	-5.87%	-2.74%
Average Drawdown Average peak-to-trough decline	-2.84%	-14.23%	+11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.24%	+0.88%

Volatility

GXUS vs. DWX - Volatility Comparison

Goldman Sachs MarketBeta(R) Total International Equity ETF (GXUS) has a higher volatility of 8.53% compared to SPDR S&P International Dividend ETF (DWX) at 5.64%. This indicates that GXUS's price experiences larger fluctuations and is considered to be riskier than DWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXUS	DWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	5.64%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	8.13%	+3.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	12.53%	+5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	12.13%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	15.21%	-0.30%