SPDW vs. DWMF
Compare and contrast key facts about SPDR Portfolio World ex-US ETF (SPDW) and WisdomTree International Multifactor Fund (DWMF).
SPDW and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDW is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. BMI Index. It was launched on Apr 26, 2007. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
SPDW vs. DWMF - Performance Comparison
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SPDW vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPDW SPDR Portfolio World ex-US ETF | 2.79% | 34.75% | 3.55% | 17.81% | -15.98% | 11.45% | 9.90% | 22.41% | -11.53% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 10.22% | 10.78% | -7.31% | 11.24% | -1.18% | 16.10% | -7.30% |
Returns By Period
In the year-to-date period, SPDW achieves a 2.79% return, which is significantly lower than DWMF's 3.84% return.
SPDW
- 1D
- 3.30%
- 1M
- -8.46%
- YTD
- 2.79%
- 6M
- 8.61%
- 1Y
- 29.84%
- 3Y*
- 16.03%
- 5Y*
- 8.28%
- 10Y*
- 9.30%
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
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SPDW vs. DWMF - Expense Ratio Comparison
SPDW has a 0.04% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
SPDW vs. DWMF — Risk / Return Rank
SPDW
DWMF
SPDW vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio World ex-US ETF (SPDW) and WisdomTree International Multifactor Fund (DWMF). 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.
| SPDW | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.38 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.34 | 2.02 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.13 | +0.35 |
Martin ratioReturn relative to average drawdown | 9.76 | 8.12 | +1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPDW | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.38 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.84 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.53 | -0.32 |
Correlation
The correlation between SPDW and DWMF is 0.86, 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
SPDW vs. DWMF - Dividend Comparison
SPDW's dividend yield for the trailing twelve months is around 3.21%, more than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDW SPDR Portfolio World ex-US ETF | 3.21% | 3.30% | 3.19% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.78% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPDW vs. DWMF - Drawdown Comparison
The maximum SPDW drawdown since its inception was -60.02%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for SPDW and DWMF.
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Drawdown Indicators
| SPDW | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.02% | -29.72% | -30.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -8.74% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -17.00% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.98% | — | — |
Current DrawdownCurrent decline from peak | -8.63% | -5.33% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -3.88% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.29% | +0.65% |
Volatility
SPDW vs. DWMF - Volatility Comparison
SPDR Portfolio World ex-US ETF (SPDW) has a higher volatility of 8.31% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that SPDW's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDW | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 5.84% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 8.39% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 13.70% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 11.20% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.15% | 14.16% | +2.99% |