SPDW vs. DXJ
Compare and contrast key facts about SPDR Portfolio World ex-US ETF (SPDW) and WisdomTree Japan Hedged Equity Fund (DXJ).
SPDW and DXJ 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both SPDW and DXJ 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: SPDW or DXJ.
Performance
SPDW vs. DXJ - Performance Comparison
Returns By Period
In the year-to-date period, SPDW achieves a 4.65% return, which is significantly lower than DXJ's 24.76% return. Over the past 10 years, SPDW has underperformed DXJ with an annualized return of 5.11%, while DXJ has yielded a comparatively higher 11.37% annualized return.
SPDW
4.65%
-4.79%
-2.57%
12.89%
5.55%
5.11%
DXJ
24.76%
-0.02%
0.54%
22.13%
18.41%
11.37%
Key characteristics
| SPDW | DXJ | |
|---|---|---|
| Sharpe Ratio | 0.99 | 1.12 |
| Sortino Ratio | 1.42 | 1.48 |
| Omega Ratio | 1.18 | 1.22 |
| Calmar Ratio | 1.17 | 1.05 |
| Martin Ratio | 4.98 | 3.72 |
| Ulcer Index | 2.54% | 6.28% |
| Daily Std Dev | 12.81% | 20.89% |
| Max Drawdown | -60.02% | -49.63% |
| Current Drawdown | -7.88% | -7.29% |
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SPDW vs. DXJ - Expense Ratio Comparison
SPDW has a 0.04% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Correlation
The correlation between SPDW and DXJ is 0.70, 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.
Risk-Adjusted Performance
SPDW vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio World ex-US ETF (SPDW) and WisdomTree Japan Hedged Equity Fund (DXJ). 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
SPDW vs. DXJ - Dividend Comparison
SPDW's dividend yield for the trailing twelve months is around 2.77%, more than DXJ's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDW SPDR Portfolio World ex-US ETF | 2.77% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.79% | 3.51% | 2.37% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.36% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
SPDW vs. DXJ - Drawdown Comparison
The maximum SPDW drawdown since its inception was -60.02%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for SPDW and DXJ. For additional features, visit the drawdowns tool.
Volatility
SPDW vs. DXJ - Volatility Comparison
The current volatility for SPDR Portfolio World ex-US ETF (SPDW) is 3.81%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.93%. This indicates that SPDW experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.