DWX vs ULST

Comparison between STATE STREET(R) SPDR(R) S&P(R) INTERNATIONAL DIVIDEND ETF (DWX, ETF) and STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF).

5-Year PerformanceDWX has outperformed ULST, delivering a return of +8.2% compared to +3.7%

DWX vs ULST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DWX(ETF)	ULST(ETF)
Net Assets	$529M	$527M
Expense Ratio	0.45%	0.20%
Max Drawdown	69.26%	6.34%
Sharpe Ratio	1.13	-0.35
5Y Beta	0.27	-0.00
5Y Dividends CAGR	7.54%	39.00%

Net Assets

Winner

DWX

$529M

ULST

$527M

Expense Ratio

DWX

0.45%

Winner

ULST

0.20%

Max Drawdown

DWX

69.26%

Winner

ULST

6.34%

Sharpe Ratio

Winner

DWX

1.13

ULST

-0.35

5Y Beta

DWX

0.27

Winner

ULST

-0.00

5Y Dividends CAGR

DWX

7.54%

Winner

ULST

39.00%

DWX vs ULST - Historical Returns

Returns include dividend reinvestment.

Period	DWX	ULST
1 month	+2.42%	+0.40%
3 months	+4.60%	+0.91%
6 months	+1.71%	+1.41%
1 year	+17.19%	+3.58%
5 years(CAGR)	+8.23%	+3.67%
10 years(CAGR)	+7.28%	+2.71%
Max(CAGR)	+2.83%	+2.23%

Winner

DWX

+2.42%

ULST

+0.40%

Winner

DWX

+4.60%

ULST

+0.91%

Winner

DWX

+1.71%

ULST

+1.41%

Winner

DWX

+17.19%

ULST

+3.58%

5Y(CAGR)

Winner

DWX

+8.23%

ULST

+3.67%

10Y(CAGR)

Winner

DWX

+7.28%

ULST

+2.71%

Max(CAGR)

Winner

DWX

+2.83%

ULST

+2.23%

DWX vs ULST - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	DWX	ULST
2026	+11.66%	+2.01%
2025	+32.02%	+4.81%
2024	+3.23%	+5.25%
2023	+13.88%	+5.59%
2022	-13.45%	+0.87%
2021	+10.20%	+0.21%
2020	-5.34%	+1.45%
2019	+20.56%	+3.25%
2018	-11.46%	+1.94%
2017	+18.47%	+1.29%
2016	+15.56%	+1.54%
2015	-16.26%	+0.14%
2014	-4.75%	+0.29%
2013	+4.69%	+0.22%
2012	+7.58%	N/A
2011	-11.58%	N/A
2010	+4.49%	N/A
2009	+56.82%	N/A
2008	-48.27%	N/A

DWX vs ULST Drawdown Comparison

The maximum drawdown for DWX was -66.88%, occurring on Mar 9, 2009. Recovery took 2923 trading sessions.

The maximum drawdown for ULST was -6.20%, occurring on Mar 25, 2020. Recovery took 81 trading sessions.

The current DWX drawdown is -0.50%.

Rank	DWX	ULST
#1	-66.88% May 16, 2008 - Dec 26, 2019	-6.20% Mar 5, 2020 - Jun 30, 2020
#2	-36.04% Feb 19, 2020 - Apr 15, 2021	-1.22% Oct 5, 2021 - Nov 23, 2022
#3	-26.96% Aug 16, 2021 - Jul 12, 2024	-0.54% Aug 5, 2024 - Aug 13, 2024
#4	-10.65% Sep 27, 2024 - Mar 25, 2025	-0.54% May 2, 2014 - Jul 22, 2014
#5	-10.40% Feb 27, 2008 - May 16, 2008	-0.51% Jan 31, 2025 - Feb 11, 2025
#6	-8.59% Feb 27, 2026 - Jul 29, 2026	-0.50% Feb 8, 2016 - Apr 7, 2016
#7	-6.68% Apr 3, 2025 - Apr 14, 2025	-0.49% Nov 12, 2014 - Jun 1, 2015
#8	-3.80% May 6, 2025 - May 23, 2025	-0.44% Jun 1, 2015 - Feb 8, 2016
#9	-3.74% Jun 15, 2021 - Aug 13, 2021	-0.39% Jul 22, 2014 - Nov 3, 2014
#10	-2.98% Jul 1, 2025 - Aug 12, 2025	-0.39% Sep 18, 2020 - Nov 25, 2020
#11	-2.93% Sep 16, 2025 - Oct 23, 2025	-0.37% Apr 3, 2025 - Apr 16, 2025
#12	-2.85% Jul 31, 2024 - Aug 13, 2024	-0.34% May 31, 2016 - Jun 8, 2016
#13	-2.84% Nov 12, 2025 - Nov 26, 2025	-0.32% Jun 10, 2016 - Jul 18, 2016
#14	-2.54% Oct 24, 2025 - Nov 11, 2025	-0.27% May 19, 2016 - May 31, 2016
#15	-2.36% May 7, 2021 - May 24, 2021	-0.27% Jan 13, 2014 - Feb 25, 2014

Correlation

Correlation between DWX and ULST is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2008 - 2026)

DWX vs ULST dividend yield comparison.

Year	DWX	ULST
2026	1.83%	2.32%
2025	4.44%	4.46%
2024	4.31%	5.03%
2023	4.12%	4.45%
2022	4.68%	1.70%
2021	3.89%	0.54%
2020	3.84%	1.34%
2019	4.40%	2.56%
2018	5.06%	2.13%
2017	3.85%	1.21%
2016	5.25%	0.93%
2015	5.81%	0.37%
2014	6.02%	0.34%
2013	6.85%	0.07%
2012	6.19%	0.00%
2011	7.08%	0.00%
2010	4.21%	0.00%
2009	3.48%	0.00%
2008	13.27%	0.00%