INEQ vs. SPDW

Last updated Jun 5, 2026

INEQ (Columbia International Equity Income ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. INEQ is actively managed, while SPDW is passively managed. Over the past 5 years, INEQ returned 11.72%/yr vs 9.45%/yr for SPDW. Their correlation of 0.82 suggests significant overlap in exposure. INEQ charges 0.45%/yr vs 0.04%/yr for SPDW.

Performance

INEQ vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia International Equity Income ETF (INEQ) 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, INEQ achieves a 7.04% return, which is significantly lower than SPDW's 15.36% return.

INEQ

• 1D: 0.02%
• 1M: -0.01%
• YTD: 7.04%
• 6M: 10.06%
• 1Y: 25.40%
• 3Y*: 19.86%
• 5Y*: 11.72%
• 10Y*: —

SPDW

• 1D: 0.31%
• 1M: 4.15%
• YTD: 15.36%
• 6M: 18.10%
• 1Y: 31.87%
• 3Y*: 20.11%
• 5Y*: 9.45%
• 10Y*: 10.05%

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

INEQ vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INEQ Columbia International Equity Income ETF	7.04%	39.85%	6.02%	20.88%	-5.95%	10.18%	-0.52%	15.83%	-18.30%	24.88%
SPDW SPDR Portfolio World ex-US ETF	15.36%	34.75%	3.55%	17.81%	-15.98%	11.45%	9.90%	22.41%	-14.22%	25.81%

Correlation

The correlation between INEQ and SPDW is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 14, 2016	0.82

The correlation between INEQ and SPDW has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

INEQ vs. SPDW - Sectors Allocation Comparison

Sectors	INEQ	SPDW
Financial Services	12.4%	22.9%
Energy	10.4%	5.5%
Basic Materials	5.8%	7.3%
Healthcare	4.2%	8.3%
Utilities	4.0%	3.3%
Consumer Defensive	2.7%	5.7%
Technology	1.9%	13.7%
Real Estate	1.8%	2.5%
Communication Services	1.4%	3.8%
Industrials	1.0%	19.2%
Consumer Cyclical	0.2%	7.8%

Return for Risk

INEQ vs. SPDW — Risk / Return Rank

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

INEQ

INEQ Risk / Return Rank: 56
INEQ Sharpe Ratio Rank: 57
INEQ Sortino Ratio Rank: 56
INEQ Omega Ratio Rank: 57
INEQ Calmar Ratio Rank: 55
INEQ Martin Ratio Rank: 57

SPDW

SPDW Risk / Return Rank: 61
SPDW Sharpe Ratio Rank: 63
SPDW Sortino Ratio Rank: 62
SPDW Omega Ratio Rank: 62
SPDW Calmar Ratio Rank: 57
SPDW Martin Ratio Rank: 61

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. SPDW - Risk-Adjusted Trends Comparison

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

	INEQ	SPDW	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.06	-0.16
Sortino ratio: Return per unit of downside risk	2.64	2.85	-0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.67	2.77	-0.10
Martin ratio: Return relative to average drawdown	9.79	10.83	-1.05
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. SPDW - Sharpe Ratio Comparison

The current INEQ Sharpe Ratio is 1.90, which is comparable to the SPDW Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of INEQ 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

	INEQ	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.06	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.58	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.24	+0.36

Drawdowns

INEQ vs. SPDW - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for INEQ and SPDW.

Drawdown Indicators

	INEQ	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-60.02%	+18.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-11.55%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	-13.53%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-30.21%	+5.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-3.75%	-0.56%	-3.19%
Average Drawdown Average peak-to-trough decline	-7.06%	-12.91%	+5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.95%	-0.35%

Volatility

INEQ vs. SPDW - Volatility Comparison

The current volatility for Columbia International Equity Income ETF (INEQ) is 3.73%, while SPDR Portfolio World ex-US ETF (SPDW) has a volatility of 5.44%. This indicates that INEQ 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

	INEQ	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	5.44%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	13.17%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	15.58%	-2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	16.49%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	17.25%	-0.94%

INEQ vs. SPDW - Expense Ratio Comparison

INEQ has a 0.45% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

INEQ vs. SPDW - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.22%, more than SPDW's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INEQ Columbia International Equity Income ETF	9.22%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%	0.00%
SPDW SPDR Portfolio World ex-US ETF	2.86%	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 INEQ and SPDW in my portfolio?

INEQ and SPDW have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INEQ or SPDW?

SPDW has higher volatility (5.44%) compared to INEQ (3.73%). In terms of maximum drawdown, INEQ dropped -41.71% vs SPDW's -60.02%.

Which ETF is better, INEQ or SPDW?

On 5-year performance, INEQ leads with 11.72% vs 9.45% for SPDW. On fees, SPDW is cheaper at 0.04% per year. On volatility, INEQ has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INEQ or SPDW?

Over the 5-year period, INEQ has performed better with a 11.72% return vs 9.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INEQ or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.45% for INEQ.

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

INEQ has the higher dividend yield at 9.22%, compared with 2.86% for SPDW.

What is the main difference between INEQ and SPDW?

They also come from different issuers: Columbia Threadneedle and State Street. Their fees differ too: 0.45% for INEQ and 0.04% for SPDW.

Which has better risk-adjusted returns?

SPDW currently has the higher Sharpe Ratio (2.06 vs 1.90), 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.