IDEQ vs. SPDW
IDEQ (Lazard International Dynamic Equity ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. IDEQ is actively managed, while SPDW is passively managed. Their correlation of 0.94 means they have usually moved in the same direction. IDEQ charges 0.40%/yr vs 0.04%/yr for SPDW.
Performance
IDEQ vs. SPDW - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IDEQ having a 14.92% return and SPDW slightly lower at 14.31%.
IDEQ
- 1D
- -0.43%
- 1M
- -0.46%
- 6M
- 6.56%
- YTD
- 14.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPDW
- 1D
- -0.71%
- 1M
- -0.02%
- 6M
- 8.06%
- YTD
- 14.31%
- 1Y
- 29.86%
- 3Y*
- 18.18%
- 5Y*
- 9.68%
- 10Y*
- 10.02%
- ALL TIME*
- 5.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.07M | $9.61M | $11.09M | |
| $139.26M | $163.06M | $165.12M |
IDEQ vs. SPDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEQ Lazard International Dynamic Equity ETF | 14.92% | 12.10% |
SPDW SPDR Portfolio World ex-US ETF | 14.31% | 7.85% |
Correlation
The correlation between IDEQ and SPDW is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025 | 0.94 |
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Return for Risk
IDEQ vs. SPDW — Risk / Return Rank
IDEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPDW
IDEQ vs. SPDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and SPDR Portfolio World ex-US ETF (SPDW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IDEQ | SPDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.56 | — |
| Martin ratioReturn relative to average drawdown | — | 9.68 | — |
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Drawdowns
IDEQ vs. SPDW - Drawdown Comparison
The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for IDEQ and SPDW.
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Drawdown Indicators
| IDEQ | SPDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -60.02% | +47.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -3.65% | -2.11% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -12.82% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.05% | — |
Volatility
IDEQ vs. SPDW - Volatility Comparison
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Volatility by Period
| IDEQ | SPDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 17.09% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 16.77% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 17.13% | +2.45% |
IDEQ vs. SPDW - Expense Ratio Comparison
IDEQ has a 0.40% expense ratio, which is higher than SPDW's 0.04% expense ratio.
Dividends
IDEQ vs. SPDW - Dividend Comparison
IDEQ's dividend yield for the trailing twelve months is around 1.35%, less than SPDW's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEQ Lazard International Dynamic Equity ETF | 1.35% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 3.03% | 3.30% | 3.19% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.78% |
Frequently Asked Questions
With a correlation of 0.94, IDEQ and SPDW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPDW is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDW is cheaper with a 0.04% expense ratio, compared with 0.40% for IDEQ.
SPDW has the higher dividend yield at 3.03%, compared with 1.35% for IDEQ.
They also come from different issuers: Lazard and State Street. Their fees differ too: 0.40% for IDEQ and 0.04% for SPDW.
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