CWI vs PXF
Comparison between STATE STREET(R) SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF) and INVESCO FTSE RAFI DEVELOPED MARKETS EX-U.S. ETF (PXF, ETF).
5-Year PerformancePXF has outperformed CWI, delivering a return of +14.5% compared to +9.8%
CWI vs PXF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CWI
$2.80B
Winner
PXF
$2.90B
Expense Ratio
Winner
CWI
0.30%
PXF
0.43%
Max Drawdown
Winner
CWI
62.39%
PXF
65.71%
Sharpe Ratio
CWI
1.38
Winner
PXF
1.88
5Y Beta
CWI
0.78
Winner
PXF
0.72
5Y Dividends CAGR
CWI
11.50%
Winner
PXF
20.92%
CWI vs PXF - Holdings Comparison
CWI and PXF have 18 common holdings. Overlap is 1.23%
CWI's top 25 holdings weight is 21.87%. PXF's top 25 holdings weight is 22.49%.
| Rank | CWI | PXF |
|---|---|---|
| #1 | n/a (TSM) - 3.62% | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.05% |
| #2 | TENCENT HOLDINGS LTD (n/a) - 1.54% | SHELL PLC (n/a) - 2.06% |
| #3 | ASML HOLDING NV COMMON STOCK EUR.09 (n/a) - 1.30% | TOTALENERGIES SE (TTE:XPAR) - 1.38% |
| #4 | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 1.11% | HSBC HOLDINGS PLC (n/a) - 1.33% |
| #5 | n/a (n/a) - 1.06% | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.05% |
| #6 | SAP SE (n/a) - 0.87% | BHP GROUP LTD (n/a) - 0.96% |
| #7 | NESTLE SA (n/a) - 0.81% | TOYOTA MOTOR CORP (n/a) - 0.90% |
| #8 | HSBC HOLDINGS PLC (n/a) - 0.81% | BP PLC (n/a) - 0.89% |
| #9 | ROYAL BANK OF CANADA COMMON STOCK (n/a) - 0.76% | GLENCORE PLC (n/a) - 0.81% |
| #10 | SHELL PLC (n/a) - 0.75% | SK HYNIX INC (n/a) - 0.77% |
| #11 | NOVARTIS AG REGISTERED SHARES (n/a) - 0.75% | NESTLE SA (n/a) - 0.77% |
| #12 | ROCHE HOLDING AG (n/a) - 0.74% | NOVARTIS AG REGISTERED SHARES (n/a) - 0.75% |
| #13 | ASTRAZENECA PLC (n/a) - 0.71% | BANCO SANTANDER SA (n/a) - 0.70% |
| #14 | SK HYNIX INC (n/a) - 0.71% | ROYAL BANK OF CANADA (RY) - 0.64% |
| #15 | SIEMENS AG (n/a) - 0.69% | BAYER AG (n/a) - 0.63% |
| #16 | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.64% | BNP PARIBAS ACT. CAT.A (n/a) - 0.63% |
| #17 | TOYOTA MOTOR CORP (n/a) - 0.62% | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.62% |
| #18 | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.60% | MERCEDES-BENZ GROUP AG (n/a) - 0.61% |
| #19 | SHOPIFY INC CLASS A COMMON STOCK (n/a) - 0.59% | SANOFI SA (n/a) - 0.60% |
| #20 | SONY GROUP CORP (n/a) - 0.56% | THE TORONTO-DOMINION BANK (TD) - 0.59% |
| #21 | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.54% | n/a (n/a) - 0.40% |
| #22 | ALLIANZ SE (n/a) - 0.54% | MURATA MANUFACTURING CO LTD (n/a) - 0.34% |
| #23 | SOFTBANK GROUP CORP (n/a) - 0.53% | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.34% |
| #24 | HITACHI LTD (n/a) - 0.52% | BANK OF MONTREAL (BMO) - 0.34% |
| #25 | THE TORONTO-DOMINION BANK (TD) - 0.50% | TOKYO ELECTRON LTD (n/a) - 0.33% |
| Total Holdings | 1289 | 998 |
CWI vs PXF - Historical Returns
Returns include dividend reinvestment.
1M
CWI
+2.79%
Winner
PXF
+4.15%
3M
CWI
+4.64%
Winner
PXF
+6.12%
6M
CWI
+8.48%
Winner
PXF
+11.28%
1Y
CWI
+28.67%
Winner
PXF
+38.80%
5Y(CAGR)
CWI
+9.82%
Winner
PXF
+14.52%
10Y(CAGR)
CWI
+9.83%
Winner
PXF
+11.91%
Max(CAGR)
CWI
+5.55%
Winner
PXF
+5.61%
CWI vs PXF - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | CWI | PXF |
|---|---|---|
| 2026 | +14.36% | +20.74% |
| 2025 | +32.76% | +42.94% |
| 2024 | +7.58% | +5.44% |
| 2023 | +15.05% | +17.64% |
| 2022 | -15.80% | -9.89% |
| 2021 | +8.00% | +15.16% |
| 2020 | +8.58% | +1.75% |
| 2019 | +22.09% | +17.66% |
| 2018 | -14.65% | -15.52% |
| 2017 | +25.95% | +23.77% |
| 2016 | +6.67% | +8.91% |
| 2015 | -4.94% | -5.40% |
| 2014 | -1.28% | -5.31% |
| 2013 | +12.22% | +22.01% |
| 2012 | +13.69% | +13.11% |
| 2011 | -14.44% | -17.35% |
| 2010 | +8.51% | +3.74% |
| 2009 | +35.42% | +37.81% |
| 2008 | -41.96% | -41.42% |
| 2007 | +15.36% | +2.78% |
CWI vs PXF Drawdown Comparison
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The maximum drawdown for PXF was -64.74%, occurring on Mar 9, 2009. Recovery took 2408 trading sessions.
The current CWI drawdown is -0.15%.
| Rank | CWI | PXF |
|---|---|---|
| #1 | -60.77% Oct 31, 2007 - Jun 18, 2014 | -64.74% Dec 19, 2007 - Jul 14, 2017 |
| #2 | -34.64% Jan 26, 2018 - Nov 13, 2020 | -41.56% Jan 26, 2018 - Jan 7, 2021 |
| #3 | -29.42% Jun 14, 2021 - May 9, 2024 | -26.85% Jan 12, 2022 - Jul 26, 2023 |
| #4 | -25.24% Jul 3, 2014 - May 5, 2017 | -14.06% Mar 19, 2025 - May 2, 2025 |
| #5 | -13.85% Mar 19, 2025 - May 2, 2025 | -11.27% Jul 13, 2007 - Oct 11, 2007 |
| #6 | -12.72% Jul 13, 2007 - Oct 1, 2007 | -10.91% Feb 27, 2026 - May 6, 2026 |
| #7 | -11.47% Feb 25, 2026 - May 6, 2026 | -10.24% Jul 28, 2023 - Dec 13, 2023 |
| #8 | -9.50% Sep 26, 2024 - Mar 17, 2025 | -9.35% Sep 26, 2024 - Mar 5, 2025 |
| #9 | -8.03% Jul 12, 2024 - Aug 23, 2024 | -8.79% Oct 31, 2007 - Dec 19, 2007 |
| #10 | -7.91% Feb 26, 2007 - Apr 3, 2007 | -8.39% Jun 7, 2021 - Jan 11, 2022 |
| #11 | -5.32% Jun 22, 2026 - Jul 29, 2026 | -7.30% Jul 12, 2024 - Aug 21, 2024 |
| #12 | -4.96% Nov 12, 2025 - Dec 10, 2025 | -5.58% Jun 2, 2026 - Aug 5, 2026 |
| #13 | -4.92% Feb 16, 2021 - Apr 15, 2021 | -5.18% Jan 8, 2021 - Feb 11, 2021 |
| #14 | -4.84% Jun 2, 2026 - Jun 15, 2026 | -5.02% Nov 12, 2025 - Dec 3, 2025 |
| #15 | -4.58% Jan 21, 2021 - Feb 9, 2021 | -4.64% May 17, 2024 - Jul 12, 2024 |
Correlation
Correlation between CWI and PXF is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2007 - 2026)
CWI vs PXF dividend yield comparison.
| Year | CWI | PXF |
|---|---|---|
| 2026 | 1.15% | 1.48% |
| 2025 | 2.97% | 3.64% |
| 2024 | 2.89% | 3.48% |
| 2023 | 2.80% | 3.55% |
| 2022 | 3.17% | 3.58% |
| 2021 | 2.65% | 3.74% |
| 2020 | 2.07% | 2.11% |
| 2019 | 3.05% | 3.50% |
| 2018 | 2.81% | 3.38% |
| 2017 | 2.29% | 2.78% |
| 2016 | 2.45% | 3.21% |
| 2015 | 2.62% | 3.10% |
| 2014 | 3.21% | 4.00% |
| 2013 | 2.69% | 2.41% |
| 2012 | 3.15% | 2.69% |
| 2011 | 2.98% | 2.20% |
| 2010 | 2.31% | 2.50% |
| 2009 | 2.20% | 2.04% |
| 2008 | 2.17% | 3.05% |
| 2007 | 2.01% | 0.22% |
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