IHDG vs. SPDW

Last updated Jun 4, 2026

IHDG (WisdomTree International Hedged Dividend Growth Fund) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds - IHDG tracks the WisdomTree International Hedged Dividend Growth Index while SPDW tracks the S&P Developed Ex-U.S. BMI Index. Both are passively managed. Over the past 10 years, IHDG returned 10.09%/yr vs 10.09%/yr for SPDW. Their correlation of 0.82 suggests significant overlap in exposure. IHDG charges 0.58%/yr vs 0.04%/yr for SPDW.

Performance

IHDG vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Hedged Dividend Growth Fund (IHDG) 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, IHDG achieves a 5.33% return, which is significantly lower than SPDW's 15.00% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: IHDG at 10.09% and SPDW at 10.09%.

IHDG

• 1D: -0.60%
• 1M: 4.90%
• YTD: 5.33%
• 6M: 7.48%
• 1Y: 15.52%
• 3Y*: 10.55%
• 5Y*: 7.68%
• 10Y*: 10.09%

SPDW

• 1D: -0.87%
• 1M: 5.56%
• YTD: 15.00%
• 6M: 18.06%
• 1Y: 32.15%
• 3Y*: 19.77%
• 5Y*: 9.38%
• 10Y*: 10.09%

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

IHDG vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHDG WisdomTree International Hedged Dividend Growth Fund	5.33%	14.17%	5.97%	20.00%	-11.53%	19.75%	10.51%	33.42%	-12.03%	21.93%
SPDW SPDR Portfolio World ex-US ETF	15.00%	34.75%	3.55%	17.81%	-15.98%	11.45%	9.90%	22.41%	-14.22%	25.81%

Correlation

The correlation between IHDG and SPDW is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 8, 2014	0.82

The correlation between IHDG and SPDW has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

IHDG vs. SPDW - Sectors Allocation Comparison

Sectors	IHDG	SPDW
Industrials	19.7%	19.2%
Consumer Cyclical	19.3%	7.8%
Financial Services	15.2%	22.9%
Healthcare	9.4%	8.3%
Technology	7.8%	13.7%
Basic Materials	5.4%	7.3%
Communication Services	4.5%	3.8%
Consumer Defensive	4.3%	5.7%
Energy	3.7%	5.5%
Utilities	0.8%	3.3%
Real Estate	0.3%	2.5%

Return for Risk

IHDG vs. SPDW — Risk / Return Rank

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

IHDG

IHDG Risk / Return Rank: 31
IHDG Sharpe Ratio Rank: 30
IHDG Sortino Ratio Rank: 31
IHDG Omega Ratio Rank: 31
IHDG Calmar Ratio Rank: 30
IHDG Martin Ratio Rank: 35

SPDW

SPDW Risk / Return Rank: 59
SPDW Sharpe Ratio Rank: 60
SPDW Sortino Ratio Rank: 59
SPDW Omega Ratio Rank: 59
SPDW Calmar Ratio Rank: 55
SPDW Martin Ratio Rank: 60

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.

IHDG vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Hedged Dividend Growth Fund (IHDG) 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.

	IHDG	SPDW	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.07	-0.92
Sortino ratio: Return per unit of downside risk	1.70	2.87	-1.17
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.16
Calmar ratio: Return relative to maximum drawdown	1.49	2.80	-1.31
Martin ratio: Return relative to average drawdown	5.49	10.93	-5.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHDG vs. SPDW - Sharpe Ratio Comparison

The current IHDG Sharpe Ratio is 1.15, which is lower than the SPDW Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of IHDG and SPDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IHDG	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.07	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.57	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.59	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.24	+0.36

Drawdowns

IHDG vs. SPDW - Drawdown Comparison

The maximum IHDG drawdown since its inception was -29.24%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for IHDG and SPDW.

Drawdown Indicators

	IHDG	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-60.02%	+30.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-11.55%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-13.53%	-5.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	-30.21%	+10.69%
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	-34.98%	+5.74%
Current Drawdown Current decline from peak	-1.36%	-0.87%	-0.49%
Average Drawdown Average peak-to-trough decline	-4.04%	-12.91%	+8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.95%	-0.11%

Volatility

IHDG vs. SPDW - Volatility Comparison

The current volatility for WisdomTree International Hedged Dividend Growth Fund (IHDG) is 4.57%, while SPDR Portfolio World ex-US ETF (SPDW) has a volatility of 5.63%. This indicates that IHDG experiences smaller price fluctuations and is considered to be less risky than SPDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHDG	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	5.63%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	13.17%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	15.60%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.82%	16.49%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	17.26%	-1.50%

IHDG vs. SPDW - Expense Ratio Comparison

IHDG has a 0.58% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

IHDG vs. SPDW - Dividend Comparison

IHDG's dividend yield for the trailing twelve months is around 1.82%, less than SPDW's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHDG WisdomTree International Hedged Dividend Growth Fund	1.82%	1.84%	2.42%	1.70%	13.79%	2.77%	1.94%	1.99%	0.22%	1.28%	1.91%	3.04%
SPDW SPDR Portfolio World ex-US ETF	2.87%	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 IHDG and SPDW in my portfolio?

IHDG and SPDW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHDG or SPDW?

SPDW has higher volatility (5.63%) compared to IHDG (4.57%). In terms of maximum drawdown, IHDG dropped -29.24% vs SPDW's -60.02%.

Which ETF is better, IHDG or SPDW?

On 10-year performance, SPDW leads with 10.09% vs 10.09% for IHDG. On fees, SPDW is cheaper at 0.04% per year. On volatility, IHDG has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHDG or SPDW?

Over the 10-year period, SPDW has performed better with a 10.09% return vs 10.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHDG or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.58% for IHDG.

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

SPDW has the higher dividend yield at 2.87%, compared with 1.82% for IHDG.

What is the main difference between IHDG and SPDW?

IHDG tracks WisdomTree International Hedged Dividend Growth Index, while SPDW tracks S&P Developed Ex-U.S. BMI Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.58% for IHDG and 0.04% for SPDW.

Which has better risk-adjusted returns?

SPDW currently has the higher Sharpe Ratio (2.07 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.