WDIV vs. HDAW

Last updated Jun 4, 2026

WDIV (SPDR S&P Global Dividend ETF) and HDAW (Xtrackers MSCI All World ex US High Dividend Yield Equity ETF) are both exchange-traded funds - WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43, while HDAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. WDIV charges 0.40%/yr vs 0.20%/yr for HDAW.

Performance

WDIV vs. HDAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Dividend ETF (WDIV) and Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WDIV

• 1D: -1.21%
• 1M: 1.41%
• YTD: 8.20%
• 6M: 10.40%
• 1Y: 21.84%
• 3Y*: 16.97%
• 5Y*: 7.57%
• 10Y*: 7.48%

HDAW

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDIV vs. HDAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDIV SPDR S&P Global Dividend ETF	8.20%	27.16%	7.61%	8.21%	-6.92%	14.44%	-10.18%	20.12%	-8.81%	19.03%
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	6.53%	16.58%	-5.74%	9.73%	-3.67%	22.40%	-13.63%	13.22%

Correlation

The correlation between WDIV and HDAW is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015	0.64

The correlation between WDIV and HDAW shifts across timeframes, from 0.45 (3 years) to 0.65 (10 years), reflecting how their relationship changes across market environments.

WDIV vs. HDAW - Sectors Allocation Comparison

Sectors	WDIV	HDAW
Financial Services	23.1%	25.2%
Utilities	13.8%	4.0%
Real Estate	13.3%	1.8%
Industrials	12.1%	6.6%
Communication Services	9.8%	4.7%
Energy	7.1%	9.1%
Consumer Defensive	6.4%	10.1%
Healthcare	4.6%	12.3%
Consumer Cyclical	3.9%	7.5%
Basic Materials	3.1%	12.4%
Technology	2.9%	6.3%

Return for Risk

WDIV vs. HDAW — Risk / Return Rank

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

WDIV

WDIV Risk / Return Rank: 59
WDIV Sharpe Ratio Rank: 63
WDIV Sortino Ratio Rank: 66
WDIV Omega Ratio Rank: 62
WDIV Calmar Ratio Rank: 51
WDIV Martin Ratio Rank: 54

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.

WDIV vs. HDAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) and Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW). 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.

	WDIV	HDAW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	9.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WDIV	HDAW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	—	—

Drawdowns

Drawdown Indicators

	WDIV	HDAW	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.34%	—	—
Current Drawdown Current decline from peak	-1.25%	—	—
Average Drawdown Average peak-to-trough decline	-5.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	WDIV	HDAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.40%	—	—

WDIV vs. HDAW - Expense Ratio Comparison

WDIV has a 0.40% expense ratio, which is higher than HDAW's 0.20% expense ratio.

Dividends

WDIV vs. HDAW - Dividend Comparison

WDIV's dividend yield for the trailing twelve months is around 4.04%, while HDAW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	2.68%	4.85%	7.00%	4.84%	4.27%	3.95%	4.02%	4.09%	2.92%	1.18%
WDIV SPDR S&P Global Dividend ETF	4.04%	4.27%	4.63%	4.73%	5.12%	4.15%	5.55%	3.99%	4.42%	3.62%	4.32%	5.03%

Frequently Asked Questions

Can I hold both WDIV and HDAW in my portfolio?

WDIV and HDAW have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDIV or HDAW?

On fees, HDAW is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDIV or HDAW?

HDAW is cheaper with a 0.20% expense ratio, compared with 0.40% for WDIV.

Which ETF pays a higher dividend yield, WDIV or HDAW?

WDIV has the higher dividend yield at 4.04%, compared with 0.00% for HDAW.

What is the main difference between WDIV and HDAW?

WDIV is categorized as Global Equities, while HDAW is Foreign Large Cap Equities. WDIV tracks S&P Global Dividend Aristocrats Index sp_43, while HDAW tracks MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index. They also come from different issuers: State Street and Deutsche Bank. Their fees differ too: 0.40% for WDIV and 0.20% for HDAW.