PQNT vs. SPDW
PQNT (Pictet AI Enhanced International Equity ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both Foreign Large Cap Equities funds. PQNT is actively managed, while SPDW is passively managed. With a 0.95 correlation, they move nearly in lockstep. PQNT charges 0.30%/yr vs 0.04%/yr for SPDW.
Performance
PQNT vs. SPDW - Performance Comparison
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Returns By Period
In the year-to-date period, PQNT achieves a 6.44% return, which is significantly lower than SPDW's 12.92% return.
PQNT
- 1D
- -1.51%
- 1M
- -0.18%
- 6M
- 3.67%
- YTD
- 6.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPDW
- 1D
- -0.92%
- 1M
- -0.32%
- 6M
- 8.06%
- YTD
- 12.92%
- 1Y
- 22.78%
- 3Y*
- 17.61%
- 5Y*
- 9.47%
- 10Y*
- 9.99%
- ALL TIME*
- 5.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $400.63 | $1.86K | $14.02K | |
| $153.42M | $164.18M | $165.07M |
PQNT vs. SPDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PQNT Pictet AI Enhanced International Equity ETF | 6.44% | 4.20% |
SPDW SPDR Portfolio World ex-US ETF | 12.92% | 4.80% |
Correlation
The correlation between PQNT and SPDW is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | 0.95 |
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Return for Risk
PQNT vs. SPDW — Risk / Return Rank
PQNT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPDW
PQNT vs. SPDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced International Equity ETF (PQNT) and SPDR Portfolio World ex-US ETF (SPDW). 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.
| PQNT | SPDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.98 | — |
| Martin ratioReturn relative to average drawdown | — | 7.50 | — |
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Drawdowns
PQNT vs. SPDW - Drawdown Comparison
The maximum PQNT drawdown since its inception was -11.16%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for PQNT and SPDW.
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Drawdown Indicators
| PQNT | SPDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.16% | -60.02% | +48.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -2.92% | -3.30% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -12.83% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.07% | — |
Volatility
PQNT vs. SPDW - Volatility Comparison
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Volatility by Period
| PQNT | SPDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 17.02% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 16.72% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 17.10% | -0.12% |
PQNT vs. SPDW - Expense Ratio Comparison
PQNT has a 0.30% expense ratio, which is higher than SPDW's 0.04% expense ratio.
Dividends
PQNT vs. SPDW - Dividend Comparison
PQNT's dividend yield for the trailing twelve months is around 0.37%, less than SPDW's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQNT Pictet AI Enhanced International Equity ETF | 0.37% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 3.07% | 3.30% | 3.19% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.78% |
Frequently Asked Questions
With a correlation of 0.95, PQNT and SPDW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPDW is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDW is cheaper with a 0.04% expense ratio, compared with 0.30% for PQNT.
SPDW has the higher dividend yield at 3.07%, compared with 0.37% for PQNT.
They also come from different issuers: Pictet and State Street. Their fees differ too: 0.30% for PQNT and 0.04% for SPDW.
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