INEQ vs. DWX

Last updated Apr 1, 2026

Compare and contrast key facts about Columbia International Equity Income ETF (INEQ) and SPDR S&P International Dividend ETF (DWX).

INEQ and DWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INEQ is an actively managed fund by Columbia Threadneedle. It was launched on Jun 13, 2016. 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.

Performance

INEQ vs. DWX - Performance Comparison

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

INEQ vs. DWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INEQ Columbia International Equity Income ETF	4.95%	39.85%	6.02%	20.88%	-5.95%	10.18%	-0.52%	15.83%	-18.30%	24.88%
DWX SPDR S&P International Dividend ETF	4.30%	31.62%	2.56%	14.74%	-12.99%	10.56%	-5.10%	20.26%	-11.11%	18.91%

Returns By Period

In the year-to-date period, INEQ achieves a 4.95% return, which is significantly higher than DWX's 4.30% return.

INEQ

• 1D: 2.63%
• 1M: -5.63%
• YTD: 4.95%
• 6M: 13.38%
• 1Y: 32.70%
• 3Y*: 20.25%
• 5Y*: 12.22%
• 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)

INEQ vs. DWX - Expense Ratio Comparison

Both INEQ and DWX have an expense ratio of 0.45%.

INEQ

Columbia International Equity Income ETF

DWX

SPDR S&P International Dividend ETF

Return for Risk

INEQ vs. DWX — Risk / Return Rank

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

INEQ

INEQ Risk / Return Rank: 89
INEQ Sharpe Ratio Rank: 89
INEQ Sortino Ratio Rank: 90
INEQ Omega Ratio Rank: 91
INEQ Calmar Ratio Rank: 87
INEQ Martin Ratio Rank: 90

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.

INEQ vs. DWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) 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.

	INEQ	DWX	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.96	-0.02
Sortino ratio Return per unit of downside risk	2.60	2.58	+0.02
Omega ratio Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio Return relative to maximum drawdown	2.73	2.79	-0.05
Martin ratio Return relative to average drawdown	12.02	10.67	+1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INEQ vs. DWX - Sharpe Ratio Comparison

The current INEQ Sharpe Ratio is 1.94, which is comparable to the DWX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of INEQ 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

	INEQ	DWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.96	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.67	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.12	+0.49

Correlation

The correlation between INEQ and DWX is 0.71, 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

INEQ vs. DWX - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.40%, more than DWX's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INEQ Columbia International Equity Income ETF	9.40%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%	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

INEQ vs. DWX - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, smaller than the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for INEQ and DWX.

Drawdown Indicators

	INEQ	DWX	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-66.86%	+25.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-8.59%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-26.96%	+2.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.05%	—
Current Drawdown Current decline from peak	-5.63%	-5.87%	+0.24%
Average Drawdown Average peak-to-trough decline	-7.13%	-14.23%	+7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.24%	+0.38%

Volatility

INEQ vs. DWX - Volatility Comparison

Columbia International Equity Income ETF (INEQ) has a higher volatility of 6.97% compared to SPDR S&P International Dividend ETF (DWX) at 5.64%. This indicates that INEQ'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

	INEQ	DWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	5.64%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	8.13%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	12.53%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	12.13%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	15.21%	+1.12%