OAIM vs. DWX

Last updated Jun 24, 2026

OAIM (OneAscent International Equity ETF) and DWX (SPDR S&P International Dividend ETF) are both Foreign Large Cap Equities funds. OAIM is actively managed, while DWX is passively managed. Over the past 3 years, OAIM returned 18.04%/yr vs 15.28%/yr for DWX. A 0.71 correlation means they provide meaningful diversification when combined. OAIM charges 0.95%/yr vs 0.45%/yr for DWX.

Performance

OAIM vs. DWX - Performance Comparison

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

Returns By Period

In the year-to-date period, OAIM achieves a 13.77% return, which is significantly higher than DWX's 5.78% return.

OAIM

• 1D: -3.42%
• 1M: 1.77%
• YTD: 13.77%
• 6M: 13.52%
• 1Y: 28.88%
• 3Y*: 18.04%
• 5Y*: —
• 10Y*: —

DWX

• 1D: -0.51%
• 1M: -1.18%
• YTD: 5.78%
• 6M: 6.08%
• 1Y: 14.56%
• 3Y*: 15.28%
• 5Y*: 7.29%
• 10Y*: 7.81%

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

OAIM vs. DWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAIM OneAscent International Equity ETF	13.77%	30.12%	8.18%	16.96%	7.50%
DWX SPDR S&P International Dividend ETF	5.78%	31.62%	2.56%	14.74%	3.00%

Correlation

The correlation between OAIM and DWX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	0.71

The correlation between OAIM and DWX has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

OAIM vs. DWX - Sectors Allocation Comparison

Sectors	OAIM	DWX
Financial Services	25.3%	16.5%
Industrials	17.2%	10.5%
Technology	16.6%	3.4%
Energy	8.3%	10.3%
Basic Materials	7.9%	2.2%
Communication Services	6.2%	12.9%
Consumer Cyclical	5.3%	6.3%
Real Estate	4.7%	10.1%
Healthcare	3.6%	4.3%
Utilities	3.3%	10.7%
Consumer Defensive	1.4%	12.8%

Return for Risk

OAIM vs. DWX — Risk / Return Rank

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

OAIM

OAIM Risk / Return Rank: 57
OAIM Sharpe Ratio Rank: 55
OAIM Sortino Ratio Rank: 52
OAIM Omega Ratio Rank: 58
OAIM Calmar Ratio Rank: 59
OAIM Martin Ratio Rank: 61

DWX

DWX Risk / Return Rank: 37
DWX Sharpe Ratio Rank: 39
DWX Sortino Ratio Rank: 38
DWX Omega Ratio Rank: 39
DWX Calmar Ratio Rank: 35
DWX Martin Ratio Rank: 36

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.

OAIM vs. DWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent International Equity ETF (OAIM) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OAIM	DWX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.33	+0.39
Sortino ratio: Return per unit of downside risk	2.34	1.88	+0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	2.67	1.70	+0.96
Martin ratio: Return relative to average drawdown	9.93	5.28	+4.65

OAIM vs. DWX - Sharpe Ratio Comparison

The current OAIM Sharpe Ratio is 1.72, which is comparable to the DWX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of OAIM and DWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OAIM vs. DWX - Drawdown Comparison

The maximum OAIM drawdown since its inception was -14.69%, smaller than the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for OAIM and DWX.

Drawdown Indicators

	OAIM	DWX	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-66.86%	+52.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-8.59%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-10.65%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.05%	—
Current Drawdown Current decline from peak	-3.42%	-4.53%	+1.11%
Average Drawdown Average peak-to-trough decline	-2.79%	-14.10%	+11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.76%	+0.15%

Volatility

OAIM vs. DWX - Volatility Comparison

OneAscent International Equity ETF (OAIM) has a higher volatility of 7.71% compared to SPDR S&P International Dividend ETF (DWX) at 2.98%. This indicates that OAIM'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

	OAIM	DWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	2.98%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	8.96%	+6.04%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	11.00%	+5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	12.23%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	14.82%	+2.32%

OAIM vs. DWX - Expense Ratio Comparison

OAIM has a 0.95% expense ratio, which is higher than DWX's 0.45% expense ratio.

Dividends

OAIM vs. DWX - Dividend Comparison

OAIM's dividend yield for the trailing twelve months is around 0.87%, less than DWX's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWX SPDR S&P International Dividend ETF	4.31%	4.44%	4.31%	4.12%	4.68%	3.89%	3.84%	4.40%	5.06%	3.85%	5.25%	5.81%
OAIM OneAscent International Equity ETF	0.87%	0.98%	2.40%	1.94%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OAIM and DWX in my portfolio?

OAIM and DWX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAIM or DWX?

OAIM has higher volatility (7.71%) compared to DWX (2.98%). In terms of maximum drawdown, OAIM dropped -14.69% vs DWX's -66.86%.

Which ETF is better, OAIM or DWX?

On 3-year performance, OAIM leads with 18.04% vs 15.28% for DWX. On fees, DWX is cheaper at 0.45% per year. On volatility, DWX has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAIM or DWX?

Over the 3-year period, OAIM has performed better with a 18.04% return vs 15.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAIM or DWX?

DWX is cheaper with a 0.45% expense ratio, compared with 0.95% for OAIM.

Which ETF pays a higher dividend yield, OAIM or DWX?

DWX has the higher dividend yield at 4.31%, compared with 0.87% for OAIM.

What is the main difference between OAIM and DWX?

They also come from different issuers: Oneascent and State Street. Their fees differ too: 0.95% for OAIM and 0.45% for DWX.

Which has better risk-adjusted returns?

OAIM currently has the higher Sharpe Ratio (1.72 vs 1.33), 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.