IDYN vs. SPDW

Last updated Jun 6, 2026

IDYN (iShares International Equity Factor Rotation Active ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. IDYN is actively managed, while SPDW is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. IDYN charges 0.40%/yr vs 0.04%/yr for SPDW.

Performance

IDYN vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Equity Factor Rotation Active ETF (IDYN) and SPDR Portfolio World ex-US ETF (SPDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDYN achieves a 6.26% return, which is significantly lower than SPDW's 11.08% return.

IDYN

• 1D: -2.79%
• 1M: -2.27%
• YTD: 6.26%
• 6M: 8.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPDW

• 1D: -3.71%
• 1M: -0.56%
• YTD: 11.08%
• 6M: 13.62%
• 1Y: 26.63%
• 3Y*: 18.26%
• 5Y*: 8.62%
• 10Y*: 9.55%

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

IDYN vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025
IDYN iShares International Equity Factor Rotation Active ETF	6.26%	10.87%
SPDW SPDR Portfolio World ex-US ETF	11.08%	10.27%

Correlation

The correlation between IDYN and SPDW is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 8, 2025	0.93

Return for Risk

IDYN vs. SPDW — Risk / Return Rank

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

SPDW

SPDW Risk / Return Rank: 51
SPDW Sharpe Ratio Rank: 50
SPDW Sortino Ratio Rank: 49
SPDW Omega Ratio Rank: 51
SPDW Calmar Ratio Rank: 49
SPDW Martin Ratio Rank: 54

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.

IDYN vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Equity Factor Rotation Active ETF (IDYN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IDYN	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.23	+1.05

Drawdowns

IDYN vs. SPDW - Drawdown Comparison

The maximum IDYN drawdown since its inception was -12.68%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for IDYN and SPDW.

Drawdown Indicators

	IDYN	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-12.68%	-60.02%	+47.34%
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 Drawdown Current decline from peak	-6.16%	-4.25%	-1.91%
Average Drawdown Average peak-to-trough decline	-2.46%	-12.91%	+10.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.96%	—

Volatility

Volatility by Period

	IDYN	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	16.03%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	16.57%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	17.29%	-0.15%

IDYN vs. SPDW - Expense Ratio Comparison

IDYN has a 0.40% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

IDYN vs. SPDW - Dividend Comparison

IDYN's dividend yield for the trailing twelve months is around 0.39%, less than SPDW's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDYN iShares International Equity Factor Rotation Active ETF	0.39%	0.42%	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	2.97%	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

Can I hold both IDYN and SPDW in my portfolio?

With a correlation of 0.93, IDYN 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.

Which ETF is better, IDYN or SPDW?

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.

Which ETF is cheaper, IDYN or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.40% for IDYN.

Which ETF pays a higher dividend yield, IDYN or SPDW?

SPDW has the higher dividend yield at 2.97%, compared with 0.39% for IDYN.

What is the main difference between IDYN and SPDW?

They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IDYN and 0.04% for SPDW.