WDIV vs. INKM
WDIV (SPDR S&P Global Dividend ETF) and INKM (SPDR SSgA Income Allocation ETF) are both Global Equities funds from State Street. WDIV is passively managed, while INKM is actively managed. Over the past 10 years, WDIV returned 7.81%/yr vs 5.70%/yr for INKM. A 0.80 correlation means they provide meaningful diversification when combined. WDIV charges 0.40%/yr vs 0.50%/yr for INKM.
Performance
WDIV vs. INKM - Performance Comparison
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Returns By Period
In the year-to-date period, WDIV achieves a 7.89% return, which is significantly higher than INKM's 5.85% return. Over the past 10 years, WDIV has outperformed INKM with an annualized return of 7.81%, while INKM has yielded a comparatively lower 5.70% annualized return.
WDIV
- 1D
- 0.04%
- 1M
- -0.69%
- YTD
- 7.89%
- 6M
- 7.85%
- 1Y
- 19.92%
- 3Y*
- 17.68%
- 5Y*
- 7.89%
- 10Y*
- 7.81%
INKM
- 1D
- -0.06%
- 1M
- 0.40%
- YTD
- 5.85%
- 6M
- 5.87%
- 1Y
- 12.31%
- 3Y*
- 10.08%
- 5Y*
- 4.04%
- 10Y*
- 5.70%
WDIV vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDIV SPDR S&P Global Dividend ETF | 7.89% | 27.16% | 7.61% | 8.21% | -6.92% | 14.44% | -10.18% | 20.12% | -8.81% | 19.03% |
INKM SPDR SSgA Income Allocation ETF | 5.85% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
Correlation
The correlation between WDIV and INKM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 30, 2013 | 0.80 |
The correlation between WDIV and INKM has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
WDIV vs. INKM — Risk / Return Rank
WDIV
INKM
WDIV vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) and SPDR SSgA Income Allocation ETF (INKM). 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.
| WDIV | INKM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.72 | -0.39 |
| Martin ratioReturn relative to average drawdown | 8.53 | 10.66 | -2.13 |
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Drawdowns
WDIV vs. INKM - Drawdown Comparison
The maximum WDIV drawdown since its inception was -42.34%, which is greater than INKM's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for WDIV and INKM.
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Drawdown Indicators
| WDIV | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -28.58% | -13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -4.55% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.26% | -9.25% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -19.18% | -2.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -28.58% | -13.76% |
Current DrawdownCurrent decline from peak | -1.94% | -0.74% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -3.68% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 1.16% | +1.18% |
Volatility
WDIV vs. INKM - Volatility Comparison
SPDR S&P Global Dividend ETF (WDIV) has a higher volatility of 3.05% compared to SPDR SSgA Income Allocation ETF (INKM) at 1.83%. This indicates that WDIV's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDIV | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.83% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 4.78% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 6.11% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.77% | 8.32% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.24% | 9.77% | +5.47% |
WDIV vs. INKM - Expense Ratio Comparison
WDIV has a 0.40% expense ratio, which is lower than INKM's 0.50% expense ratio.
Dividends
WDIV vs. INKM - Dividend Comparison
WDIV's dividend yield for the trailing twelve months is around 4.29%, less than INKM's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 4.85% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
WDIV SPDR S&P Global Dividend ETF | 4.29% | 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
WDIV and INKM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDIV has higher volatility (3.05%) compared to INKM (1.83%). In terms of maximum drawdown, WDIV dropped -42.34% vs INKM's -28.58%.
On 10-year performance, WDIV leads with 7.81% vs 5.70% for INKM. On fees, WDIV is cheaper at 0.40% per year. On volatility, INKM has been the lower-risk option at 1.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WDIV has performed better with a 7.81% return vs 5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WDIV is cheaper with a 0.40% expense ratio, compared with 0.50% for INKM.
INKM has the higher dividend yield at 4.85%, compared with 4.29% for WDIV.
Their fees differ too: 0.40% for WDIV and 0.50% for INKM.
INKM currently has the higher Sharpe Ratio (2.03 vs 1.95), 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.
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