SPDW vs. FIDI
SPDW (SPDR Portfolio World ex-US ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - SPDW tracks the S&P Developed Ex-U.S. BMI Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, SPDW returned 9.60%/yr vs 12.48%/yr for FIDI. Their correlation of 0.87 means they have usually moved in the same direction. SPDW charges 0.04%/yr vs 0.39%/yr for FIDI.
Performance
SPDW vs. FIDI - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SPDW having a 14.95% return and FIDI slightly higher at 15.39%.
SPDW
- 1D
- 0.56%
- 1M
- 0.54%
- 6M
- 8.07%
- YTD
- 14.95%
- 1Y
- 30.58%
- 3Y*
- 19.18%
- 5Y*
- 9.60%
- 10Y*
- 10.02%
- ALL TIME*
- 5.12%
FIDI
- 1D
- -0.17%
- 1M
- 5.79%
- 6M
- 9.31%
- YTD
- 15.39%
- 1Y
- 31.09%
- 3Y*
- 20.22%
- 5Y*
- 12.48%
- 10Y*
- —
- ALL TIME*
- 6.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.67M | $1.97M | $1.82M | |
| $136.01M | $160.57M | $162.83M |
SPDW vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPDW SPDR Portfolio World ex-US ETF | 14.95% | 34.75% | 3.55% | 17.81% | -15.98% | 11.45% | 9.90% | 22.41% | -18.15% |
FIDI Fidelity International High Dividend ETF | 15.39% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between SPDW and FIDI is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.87 |
The correlation between SPDW and FIDI shifts across timeframes, from 0.78 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPDW vs. FIDI — Risk / Return Rank
SPDW
FIDI
SPDW vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio World ex-US ETF (SPDW) and Fidelity International High Dividend ETF (FIDI). 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.
| SPDW | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.48 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 4.49 | -1.83 |
| Martin ratioReturn relative to average drawdown | 10.04 | 15.56 | -5.52 |
Loading charts...
Drawdowns
SPDW vs. FIDI - Drawdown Comparison
The maximum SPDW drawdown since its inception was -60.02%, which is greater than FIDI's maximum drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for SPDW and FIDI.
Loading charts...
Drawdown Indicators
| SPDW | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.02% | -46.34% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -6.96% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -12.09% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.21% | -26.05% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -34.98% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.09% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -9.63% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.00% | +1.05% |
Volatility
SPDW vs. FIDI - Volatility Comparison
SPDR Portfolio World ex-US ETF (SPDW) has a higher volatility of 5.25% compared to Fidelity International High Dividend ETF (FIDI) at 2.78%. This indicates that SPDW's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPDW | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 2.78% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.15% | 9.27% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.09% | 11.62% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 14.81% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 18.61% | -1.48% |
SPDW vs. FIDI - Expense Ratio Comparison
SPDW has a 0.04% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
SPDW vs. FIDI - Dividend Comparison
SPDW's dividend yield for the trailing twelve months is around 3.01%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
SPDW SPDR Portfolio World ex-US ETF | 3.01% | 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
SPDW and FIDI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPDW has higher volatility (5.25%) compared to FIDI (2.78%). In terms of maximum drawdown, SPDW dropped -60.02% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 12.48% vs 9.60% for SPDW. On fees, SPDW is cheaper at 0.04% per year. On volatility, FIDI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 12.48% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPDW is cheaper with a 0.04% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 3.01% for SPDW.
SPDW tracks S&P Developed Ex-U.S. BMI Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.04% for SPDW and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.69 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SPDW and FIDI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer