IXUS vs. CWI
Compare and contrast key facts about iShares Core MSCI Total International Stock ETF (IXUS) and SPDR MSCI ACWI ex-US ETF (CWI).
IXUS and CWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXUS is a passively managed fund by iShares that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Oct 18, 2012. CWI is a passively managed fund by State Street that tracks the performance of the MSCI All Country World ex-U.S. Index. It was launched on Jan 10, 2007. Both IXUS and CWI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXUS or CWI.
Key characteristics
| IXUS | CWI | |
|---|---|---|
| YTD Return | 1.97% | 2.44% |
| 1Y Return | 9.89% | 10.35% |
| 3Y Return (Ann) | -0.44% | 0.19% |
| 5Y Return (Ann) | 5.08% | 5.24% |
| 10Y Return (Ann) | 4.11% | 4.20% |
| Sharpe Ratio | 0.80 | 0.85 |
| Daily Std Dev | 12.52% | 12.50% |
| Max Drawdown | -36.23% | -60.76% |
| Current Drawdown | -4.62% | -3.18% |
Correlation
The correlation between IXUS and CWI is 0.98, 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.
Performance
IXUS vs. CWI - Performance Comparison
In the year-to-date period, IXUS achieves a 1.97% return, which is significantly lower than CWI's 2.44% return. Both investments have delivered pretty close results over the past 10 years, with IXUS having a 4.11% annualized return and CWI not far ahead at 4.20%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IXUS vs. CWI - Expense Ratio Comparison
IXUS has a 0.09% expense ratio, which is lower than CWI's 0.30% expense ratio.
Risk-Adjusted Performance
IXUS vs. CWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Total International Stock ETF (IXUS) and SPDR MSCI ACWI ex-US ETF (CWI). 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.
Dividends
IXUS vs. CWI - Dividend Comparison
IXUS's dividend yield for the trailing twelve months is around 3.07%, more than CWI's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXUS iShares Core MSCI Total International Stock ETF | 3.07% | 3.13% | 2.48% | 3.11% | 1.85% | 3.09% | 3.00% | 2.40% | 2.57% | 2.80% | 2.95% | 2.07% |
CWI SPDR MSCI ACWI ex-US ETF | 2.74% | 2.80% | 3.17% | 2.65% | 2.07% | 3.05% | 2.81% | 2.29% | 2.45% | 2.62% | 3.21% | 2.69% |
Drawdowns
IXUS vs. CWI - Drawdown Comparison
The maximum IXUS drawdown since its inception was -36.23%, smaller than the maximum CWI drawdown of -60.76%. Use the drawdown chart below to compare losses from any high point for IXUS and CWI. For additional features, visit the drawdowns tool.
Volatility
IXUS vs. CWI - Volatility Comparison
iShares Core MSCI Total International Stock ETF (IXUS) and SPDR MSCI ACWI ex-US ETF (CWI) have volatilities of 3.30% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.