VXUS vs. DWX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Total International Stock ETF (VXUS) and SPDR S&P International Dividend ETF (DWX).

VXUS and DWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXUS is a passively managed fund by Vanguard that tracks the performance of the MSCI All Country World ex USA Investable Market Index. It was launched on Jan 26, 2011. DWX is a passively managed fund by State Street that tracks the performance of the S&P International Dividend Opportunities Index. It was launched on Feb 12, 2008. Both VXUS and DWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VXUS vs. DWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock ETF (VXUS) and SPDR S&P International Dividend ETF (DWX). The values are adjusted to include any dividend payments, if applicable.

VXUS vs. DWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VXUS Vanguard Total International Stock ETF	3.51%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%
DWX SPDR S&P International Dividend ETF	4.30%	31.62%	2.56%	14.74%	-12.99%	10.56%	-5.10%	20.26%	-11.11%	18.91%

Returns By Period

In the year-to-date period, VXUS achieves a 3.51% return, which is significantly lower than DWX's 4.30% return. Over the past 10 years, VXUS has outperformed DWX with an annualized return of 9.03%, while DWX has yielded a comparatively lower 7.47% annualized return.

VXUS

• 1D: 1.17%
• 1M: -5.23%
• YTD: 3.51%
• 6M: 7.51%
• 1Y: 29.24%
• 3Y*: 15.95%
• 5Y*: 7.57%
• 10Y*: 9.03%

DWX

• 1D: 1.94%
• 1M: -5.87%
• YTD: 4.30%
• 6M: 8.96%
• 1Y: 24.41%
• 3Y*: 14.87%
• 5Y*: 8.07%
• 10Y*: 7.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VXUS vs. DWX - Expense Ratio Comparison

VXUS has a 0.05% expense ratio, which is lower than DWX's 0.45% expense ratio.

DWX

SPDR S&P International Dividend ETF

VXUS

Vanguard Total International Stock ETF

Return for Risk

VXUS vs. DWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VXUS

VXUS Risk / Return Rank: 85
VXUS Sharpe Ratio Rank: 84
VXUS Sortino Ratio Rank: 85
VXUS Omega Ratio Rank: 85
VXUS Calmar Ratio Rank: 85
VXUS Martin Ratio Rank: 84

DWX

DWX Risk / Return Rank: 90
DWX Sharpe Ratio Rank: 90
DWX Sortino Ratio Rank: 91
DWX Omega Ratio Rank: 90
DWX Calmar Ratio Rank: 89
DWX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VXUS vs. DWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock ETF (VXUS) and SPDR S&P International Dividend ETF (DWX). 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.

	VXUS	DWX	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.96	-0.25
Sortino ratio Return per unit of downside risk	2.33	2.58	-0.25
Omega ratio Gain probability vs. loss probability	1.35	1.37	-0.03
Calmar ratio Return relative to maximum drawdown	2.63	2.79	-0.16
Martin ratio Return relative to average drawdown	10.05	10.67	-0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VXUS vs. DWX - Sharpe Ratio Comparison

The current VXUS Sharpe Ratio is 1.71, which is comparable to the DWX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of VXUS and DWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VXUS	DWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.96	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.67	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.49	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.12	+0.24

Correlation

The correlation between VXUS and DWX is 0.88, 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

VXUS vs. DWX - Dividend Comparison

VXUS's dividend yield for the trailing twelve months is around 2.93%, less than DWX's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VXUS Vanguard Total International Stock ETF	2.93%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%
DWX SPDR S&P International Dividend ETF	4.28%	4.44%	4.31%	4.12%	4.68%	3.89%	3.84%	4.40%	5.06%	3.85%	5.25%	5.81%

Drawdowns

VXUS vs. DWX - Drawdown Comparison

The maximum VXUS drawdown since its inception was -35.97%, smaller than the maximum DWX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for VXUS and DWX.

Drawdown Indicators

	VXUS	DWX	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-66.86%	+30.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-8.59%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	-26.96%	-2.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	-36.05%	+0.08%
Current Drawdown Current decline from peak	-7.26%	-5.87%	-1.39%
Average Drawdown Average peak-to-trough decline	-8.29%	-14.23%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.24%	+0.71%

Volatility

VXUS vs. DWX - Volatility Comparison

Vanguard Total International Stock ETF (VXUS) has a higher volatility of 7.72% compared to SPDR S&P International Dividend ETF (DWX) at 5.64%. This indicates that VXUS's price experiences larger fluctuations and is considered to be riskier than DWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VXUS	DWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	5.64%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	8.13%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	12.53%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	12.13%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	15.21%	+1.88%