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PID vs. DWX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PID vs. DWX

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco International Dividend Achievers™ ETF (PID) and SPDR S&P International Dividend ETF (DWX).

PID and DWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. 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 PID 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

PID vs. DWX - Performance Comparison

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

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PID vs. DWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PID
Invesco International Dividend Achievers™ ETF		2.04%24.45%3.08%14.28%-6.48%24.49%-6.56%25.87%-11.46%19.05%
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, PID achieves a 2.04% return, which is significantly lower than DWX's 4.30% return. Over the past 10 years, PID has outperformed DWX with an annualized return of 8.98%, while DWX has yielded a comparatively lower 7.47% annualized return.

PID

1D
2.07%
1M
-5.36%
YTD
2.04%
6M
6.12%
1Y
20.87%
3Y*
11.55%
5Y*
9.53%
10Y*
8.98%

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)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco International Dividend Achievers™ ETF

SPDR S&P International Dividend ETF

Often compared with PID:
PID vs. IDVPID vs. LVHIPID vs. DTHPID vs. PSQPID vs. DIMPID vs. VYMIPID vs. RWJ
Often compared with DWX:
DWX vs. SCHDDWX vs. VYMIDWX vs. IDVDWX vs. BKIEDWX vs. SPYDWX vs. FSPSXDWX vs. IXUS

PID vs. DWX - Expense Ratio Comparison

PID has a 0.56% expense ratio, which is higher than DWX's 0.45% expense ratio.

PID
Invesco International Dividend Achievers™ ETF
DWX
SPDR S&P International Dividend ETF

Return for Risk

PID vs. DWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID
PID Risk / Return Rank: 8686
Overall Rank
PID Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PID Sortino Ratio Rank: 8888
Sortino Ratio Rank
PID Omega Ratio Rank: 8686
Omega Ratio Rank
PID Calmar Ratio Rank: 8383
Calmar Ratio Rank
PID Martin Ratio Rank: 8787
Martin Ratio Rank
DWX
DWX Risk / Return Rank: 9090
Overall Rank
DWX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
DWX Sortino Ratio Rank: 9191
Sortino Ratio Rank
DWX Omega Ratio Rank: 9090
Omega Ratio Rank
DWX Calmar Ratio Rank: 8989
Calmar Ratio Rank
DWX Martin Ratio Rank: 8989
Martin Ratio Rank
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.

PID vs. DWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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.

PIDDWXDifference

Sharpe ratio

Return per unit of total volatility

1.64

1.96

-0.32

Sortino ratio

Return per unit of downside risk

2.39

2.58

-0.19

Omega ratio

Gain probability vs. loss probability

1.34

1.37

-0.03

Calmar ratio

Return relative to maximum drawdown

2.36

2.79

-0.42

Martin ratio

Return relative to average drawdown

10.33

10.67

-0.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PID vs. DWX - Sharpe Ratio Comparison

The current PID Sharpe Ratio is 1.64, which is comparable to the DWX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of PID 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.

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Sharpe Ratios by Period

PIDDWXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.64

1.96

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.67

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.49

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.12

+0.15

Correlation

The correlation between PID and DWX is 0.84, 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

PID vs. DWX - Dividend Comparison

PID's dividend yield for the trailing twelve months is around 3.38%, less than DWX's 4.28% yield.

TTM20252024202320222021202020192018201720162015
PID
Invesco International Dividend Achievers™ ETF		3.38%3.28%3.88%3.31%3.30%3.30%3.16%3.99%3.87%3.46%3.90%4.48%
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

PID vs. DWX - Drawdown Comparison

The maximum PID drawdown since its inception was -66.34%, roughly equal to the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for PID and DWX.

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Drawdown Indicators

PIDDWXDifference

Max Drawdown

Largest peak-to-trough decline

-66.34%

-66.86%

+0.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-8.59%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-22.97%

-26.96%

+3.99%

Max Drawdown (10Y)

Largest decline over 10 years

-46.07%

-36.05%

-10.02%

Current Drawdown

Current decline from peak

-5.36%

-5.87%

+0.51%

Average Drawdown

Average peak-to-trough decline

-13.12%

-14.23%

+1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

2.24%

-0.22%

Volatility

PID vs. DWX - Volatility Comparison

The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 3.80%, while SPDR S&P International Dividend ETF (DWX) has a volatility of 5.64%. This indicates that PID experiences smaller price fluctuations and is considered to be less risky 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

PIDDWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

5.64%

-1.84%

Volatility (6M)

Calculated over the trailing 6-month period

7.11%

8.13%

-1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

12.81%

12.53%

+0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.96%

12.13%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

15.21%

+2.78%