WDIV vs. PID

Last updated Jun 24, 2026

WDIV (SPDR S&P Global Dividend ETF) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds - WDIV tracks the S&P Global Dividend Aristocrats Index sp_43 while PID tracks the Nasdaq International Dividend Achievers (NR). Both are passively managed. Over the past 10 years, WDIV returned 7.81%/yr vs 8.94%/yr for PID. Their correlation of 0.85 suggests significant overlap in exposure. WDIV charges 0.40%/yr vs 0.56%/yr for PID.

Performance

WDIV vs. PID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Dividend ETF (WDIV) and Invesco International Dividend Achievers™ ETF (PID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDIV achieves a 7.89% return, which is significantly higher than PID's 3.12% return. Over the past 10 years, WDIV has underperformed PID with an annualized return of 7.81%, while PID has yielded a comparatively higher 8.94% 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%

PID

• 1D: 0.32%
• 1M: -2.75%
• YTD: 3.12%
• 6M: 3.17%
• 1Y: 14.07%
• 3Y*: 12.22%
• 5Y*: 8.28%
• 10Y*: 8.94%

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

WDIV vs. PID - 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%
PID Invesco International Dividend Achievers™ ETF	3.12%	24.45%	3.08%	14.28%	-6.48%	24.49%	-6.56%	25.87%	-11.46%	19.05%

Correlation

The correlation between WDIV and PID is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 30, 2013	0.85

The correlation between WDIV and PID has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.

WDIV vs. PID - Sectors Allocation Comparison

Sectors	WDIV	PID
Financial Services	19.1%	17.5%
Real Estate	8.2%	0.4%
Utilities	7.5%	15.1%
Energy	7.4%	12.5%
Industrials	6.0%	7.5%
Communication Services	5.1%	13.7%
Consumer Defensive	4.6%	6.2%
Basic Materials	4.5%	3.3%
Consumer Cyclical	3.9%	6.2%
Technology	2.4%	9.1%
Healthcare	2.2%	8.6%

Return for Risk

WDIV vs. PID — Risk / Return Rank

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

WDIV

WDIV Risk / Return Rank: 57
WDIV Sharpe Ratio Rank: 61
WDIV Sortino Ratio Rank: 64
WDIV Omega Ratio Rank: 60
WDIV Calmar Ratio Rank: 49
WDIV Martin Ratio Rank: 52

PID

PID Risk / Return Rank: 42
PID Sharpe Ratio Rank: 43
PID Sortino Ratio Rank: 45
PID Omega Ratio Rank: 41
PID Calmar Ratio Rank: 40
PID Martin Ratio Rank: 41

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. PID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend ETF (WDIV) and Invesco International Dividend Achievers™ ETF (PID). 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	PID	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.44	+0.51
Sortino ratio: Return per unit of downside risk	2.81	2.13	+0.68
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	2.32	1.89	+0.43
Martin ratio: Return relative to average drawdown	8.53	6.22	+2.31

WDIV vs. PID - Sharpe Ratio Comparison

The current WDIV Sharpe Ratio is 1.95, which is higher than the PID Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of WDIV and PID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WDIV vs. PID - Drawdown Comparison

The maximum WDIV drawdown since its inception was -42.34%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for WDIV and PID.

Drawdown Indicators

	WDIV	PID	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-66.34%	+24.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-7.47%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-11.26%	-13.34%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	-22.97%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	-42.34%	-46.07%	+3.73%
Current Drawdown Current decline from peak	-1.94%	-4.35%	+2.41%
Average Drawdown Average peak-to-trough decline	-5.83%	-13.01%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	2.27%	+0.07%

Volatility

WDIV vs. PID - Volatility Comparison

SPDR S&P Global Dividend ETF (WDIV) has a higher volatility of 3.05% compared to Invesco International Dividend Achievers™ ETF (PID) at 2.68%. This indicates that WDIV's price experiences larger fluctuations and is considered to be riskier than PID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDIV	PID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	2.68%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	7.86%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	9.83%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.77%	13.96%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.24%	17.67%	-2.43%

WDIV vs. PID - Expense Ratio Comparison

WDIV has a 0.40% expense ratio, which is lower than PID's 0.56% expense ratio.

Dividends

WDIV vs. PID - Dividend Comparison

WDIV's dividend yield for the trailing twelve months is around 4.29%, more than PID's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PID Invesco International Dividend Achievers™ ETF	3.61%	3.28%	3.88%	3.31%	3.30%	3.30%	3.16%	3.99%	3.87%	3.46%	3.90%	4.48%
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

Can I hold both WDIV and PID in my portfolio?

WDIV and PID have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDIV or PID?

WDIV has higher volatility (3.05%) compared to PID (2.68%). In terms of maximum drawdown, WDIV dropped -42.34% vs PID's -66.34%.

Which ETF is better, WDIV or PID?

On 10-year performance, PID leads with 8.94% vs 7.81% for WDIV. On fees, WDIV is cheaper at 0.40% per year. On volatility, PID has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDIV or PID?

Over the 10-year period, PID has performed better with a 8.94% return vs 7.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDIV or PID?

WDIV is cheaper with a 0.40% expense ratio, compared with 0.56% for PID.

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

WDIV has the higher dividend yield at 4.29%, compared with 3.61% for PID.

What is the main difference between WDIV and PID?

WDIV tracks S&P Global Dividend Aristocrats Index sp_43, while PID tracks Nasdaq International Dividend Achievers (NR). They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for WDIV and 0.56% for PID.

Which has better risk-adjusted returns?

WDIV currently has the higher Sharpe Ratio (1.95 vs 1.44), 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.