PID vs. DWX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PID or DWX.
Key characteristics
| PID | DWX | |
|---|---|---|
| YTD Return | 6.09% | 4.13% |
| 1Y Return | 15.06% | 9.98% |
| 3Y Return (Ann) | 4.79% | 1.63% |
| 5Y Return (Ann) | 6.65% | 2.15% |
| 10Y Return (Ann) | 4.18% | 2.14% |
| Sharpe Ratio | 1.50 | 1.20 |
| Sortino Ratio | 2.15 | 1.74 |
| Omega Ratio | 1.27 | 1.21 |
| Calmar Ratio | 2.07 | 1.48 |
| Martin Ratio | 8.03 | 5.09 |
| Ulcer Index | 2.30% | 2.43% |
| Daily Std Dev | 12.32% | 10.26% |
| Max Drawdown | -66.34% | -66.86% |
| Current Drawdown | -5.16% | -7.64% |
Correlation
The correlation between PID and DWX is 0.85, 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
PID vs. DWX - Performance Comparison
In the year-to-date period, PID achieves a 6.09% return, which is significantly higher than DWX's 4.13% return. Over the past 10 years, PID has outperformed DWX with an annualized return of 4.18%, while DWX has yielded a comparatively lower 2.14% annualized return. 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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PID vs. DWX - Expense Ratio Comparison
PID has a 0.56% expense ratio, which is higher than DWX's 0.45% expense ratio.
Risk-Adjusted Performance
PID vs. DWX - Risk-Adjusted Performance 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.
Dividends
PID vs. DWX - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.78%, less than DWX's 4.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.78% | 3.31% | 3.29% | 3.29% | 3.17% | 4.00% | 3.86% | 3.46% | 3.91% | 4.48% | 3.92% | 2.17% |
DWX SPDR S&P International Dividend ETF | 4.36% | 4.12% | 4.68% | 3.89% | 3.84% | 4.40% | 5.06% | 3.85% | 5.26% | 5.81% | 6.02% | 6.85% |
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. For additional features, visit the drawdowns tool.
Volatility
PID vs. DWX - Volatility Comparison
Invesco International Dividend Achievers™ ETF (PID) and SPDR S&P International Dividend ETF (DWX) have volatilities of 2.99% and 3.07%, 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.