Correlation
The correlation between QEFA and ACWX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
QEFA vs. ACWX
Compare and contrast key facts about SPDR MSCI EAFE StrategicFactors ETF (QEFA) and iShares MSCI ACWI ex U.S. ETF (ACWX).
QEFA and ACWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QEFA is a passively managed fund by State Street that tracks the performance of the MSCI EAFE Factor Mix A-Series (USD). It was launched on Jun 4, 2014. ACWX is a passively managed fund by iShares that tracks the performance of the MSCI All Country World ex-U.S. Index. It was launched on Mar 26, 2008. Both QEFA and ACWX 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: QEFA or ACWX.
Performance
QEFA vs. ACWX - Performance Comparison
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Key characteristics
QEFA:
0.88
ACWX:
0.77
QEFA:
1.20
ACWX:
1.05
QEFA:
1.16
ACWX:
1.14
QEFA:
0.99
ACWX:
0.82
QEFA:
2.65
ACWX:
2.62
QEFA:
4.57%
ACWX:
4.35%
QEFA:
15.74%
ACWX:
16.95%
QEFA:
-31.71%
ACWX:
-60.39%
QEFA:
-0.31%
ACWX:
-0.30%
Returns By Period
In the year-to-date period, QEFA achieves a 16.83% return, which is significantly higher than ACWX's 13.98% return. Over the past 10 years, QEFA has outperformed ACWX with an annualized return of 6.25%, while ACWX has yielded a comparatively lower 5.23% annualized return.
QEFA
16.83%
4.16%
14.39%
13.10%
10.99%
11.38%
6.25%
ACWX
13.98%
5.15%
11.75%
12.16%
10.19%
11.04%
5.23%
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QEFA vs. ACWX - Expense Ratio Comparison
QEFA has a 0.30% expense ratio, which is lower than ACWX's 0.32% expense ratio.
Risk-Adjusted Performance
QEFA vs. ACWX — Risk-Adjusted Performance Rank
QEFA
ACWX
QEFA vs. ACWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EAFE StrategicFactors ETF (QEFA) and iShares MSCI ACWI ex U.S. ETF (ACWX). 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.
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Dividends
QEFA vs. ACWX - Dividend Comparison
QEFA's dividend yield for the trailing twelve months is around 2.71%, more than ACWX's 2.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QEFA SPDR MSCI EAFE StrategicFactors ETF | 2.71% | 3.17% | 2.79% | 3.02% | 2.37% | 1.82% | 2.95% | 3.22% | 2.34% | 2.01% | 2.94% | 1.14% |
ACWX iShares MSCI ACWI ex U.S. ETF | 2.61% | 2.97% | 2.96% | 2.68% | 2.73% | 1.88% | 3.22% | 2.65% | 2.40% | 2.77% | 2.51% | 3.18% |
Drawdowns
QEFA vs. ACWX - Drawdown Comparison
The maximum QEFA drawdown since its inception was -31.71%, smaller than the maximum ACWX drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for QEFA and ACWX.
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Volatility
QEFA vs. ACWX - Volatility Comparison
SPDR MSCI EAFE StrategicFactors ETF (QEFA) has a higher volatility of 3.01% compared to iShares MSCI ACWI ex U.S. ETF (ACWX) at 2.67%. This indicates that QEFA's price experiences larger fluctuations and is considered to be riskier than ACWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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