MFDX vs. DWX
Compare and contrast key facts about PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) and SPDR S&P International Dividend ETF (DWX).
MFDX and DWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFDX is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. It was launched on Aug 31, 2017. 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. Both MFDX and DWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MFDX vs. DWX - Performance Comparison
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MFDX vs. DWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 3.63% | 34.27% | 4.40% | 17.54% | -10.27% | 11.07% | 6.90% | 19.88% | -14.88% | 7.02% |
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% | 2.80% |
Returns By Period
In the year-to-date period, MFDX achieves a 3.63% return, which is significantly lower than DWX's 4.30% return.
MFDX
- 1D
- 3.05%
- 1M
- -7.22%
- YTD
- 3.63%
- 6M
- 8.66%
- 1Y
- 28.57%
- 3Y*
- 16.66%
- 5Y*
- 10.03%
- 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%
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MFDX vs. DWX - Expense Ratio Comparison
MFDX has a 0.39% expense ratio, which is lower than DWX's 0.45% expense ratio.
Return for Risk
MFDX vs. DWX — Risk / Return Rank
MFDX
DWX
MFDX vs. DWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) 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.
| MFDX | DWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 1.96 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.47 | 2.58 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.79 | -0.19 |
Martin ratioReturn relative to average drawdown | 10.63 | 10.67 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFDX | DWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.96 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.67 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.12 | +0.39 |
Correlation
The correlation between MFDX and DWX is 0.87, 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
MFDX vs. DWX - Dividend Comparison
MFDX's dividend yield for the trailing twelve months is around 2.86%, less than DWX's 4.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 2.86% | 2.97% | 3.16% | 3.12% | 2.85% | 2.99% | 1.58% | 2.88% | 2.13% | 0.71% | 0.00% | 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
MFDX vs. DWX - Drawdown Comparison
The maximum MFDX drawdown since its inception was -36.05%, smaller than the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for MFDX and DWX.
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Drawdown Indicators
| MFDX | DWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -66.86% | +30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -8.59% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -26.96% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -7.30% | -5.87% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -14.23% | +7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.24% | +0.37% |
Volatility
MFDX vs. DWX - Volatility Comparison
PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) has a higher volatility of 7.29% compared to SPDR S&P International Dividend ETF (DWX) at 5.64%. This indicates that MFDX'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.
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Volatility by Period
| MFDX | DWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 5.64% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 8.13% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 12.53% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 12.13% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 15.21% | +1.21% |