PXF vs CWI
Comparison between INVESCO FTSE RAFI DEVELOPED MARKETS EX-U.S. ETF (PXF, ETF) and STATE STREET(R) SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).
5-Year PerformancePXF has outperformed CWI, delivering a return of +13.9% compared to +9.0%
PXF vs CWI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PXF
$2.80B
CWI
$2.80B
Expense Ratio
PXF
0.43%
Winner
CWI
0.30%
Max Drawdown
PXF
65.71%
Winner
CWI
62.39%
Sharpe Ratio
Winner
PXF
1.52
CWI
1.03
5Y Beta
Winner
PXF
0.72
CWI
0.78
5Y Dividends CAGR
Winner
PXF
20.92%
CWI
11.50%
PXF vs CWI - Holdings Comparison
PXF and CWI have 20 common holdings. Overlap is 1.55%
PXF's top 25 holdings weight is 24.08%. CWI's top 25 holdings weight is 21.87%.
| Rank | PXF | CWI |
|---|---|---|
| #1 | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.86% | n/a (TSM) - 3.62% |
| #2 | SHELL PLC (n/a) - 1.82% | TENCENT HOLDINGS LTD (n/a) - 1.54% |
| #3 | TOTALENERGIES SE (TTE:XPAR) - 1.30% | ASML HOLDING NV COMMON STOCK EUR.09 (n/a) - 1.30% |
| #4 | HSBC HOLDINGS PLC (n/a) - 1.28% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 1.11% |
| #5 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.05% | n/a (n/a) - 1.06% |
| #6 | SK HYNIX INC (n/a) - 1.04% | SAP SE (n/a) - 0.87% |
| #7 | BHP GROUP LTD (n/a) - 0.99% | NESTLE SA (n/a) - 0.81% |
| #8 | TOYOTA MOTOR CORP (n/a) - 0.87% | HSBC HOLDINGS PLC (n/a) - 0.81% |
| #9 | GLENCORE PLC (n/a) - 0.79% | ROYAL BANK OF CANADA COMMON STOCK (n/a) - 0.76% |
| #10 | BP PLC (n/a) - 0.77% | SHELL PLC (n/a) - 0.75% |
| #11 | NESTLE SA (n/a) - 0.76% | NOVARTIS AG REGISTERED SHARES (n/a) - 0.75% |
| #12 | NOVARTIS AG REGISTERED SHARES (n/a) - 0.76% | ROCHE HOLDING AG (n/a) - 0.74% |
| #13 | BANCO SANTANDER SA (n/a) - 0.73% | ASTRAZENECA PLC (n/a) - 0.71% |
| #14 | BAYER AG (n/a) - 0.65% | SK HYNIX INC (n/a) - 0.71% |
| #15 | BNP PARIBAS ACT. CAT.A (n/a) - 0.63% | SIEMENS AG (n/a) - 0.69% |
| #16 | ROYAL BANK OF CANADA (RY) - 0.62% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.64% |
| #17 | BRITISH AMERICAN TOBACCO PLC (n/a) - 0.61% | TOYOTA MOTOR CORP (n/a) - 0.62% |
| #18 | RIO TINTO PLC ORDINARY SHARES (n/a) - 0.61% | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.60% |
| #19 | SIEMENS AG (n/a) - 0.59% | SHOPIFY INC CLASS A COMMON STOCK (n/a) - 0.59% |
| #20 | THE TORONTO-DOMINION BANK (TD) - 0.59% | SONY GROUP CORP (n/a) - 0.56% |
| #21 | MERCEDES-BENZ GROUP AG (n/a) - 0.59% | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.54% |
| #22 | SANOFI SA (n/a) - 0.57% | ALLIANZ SE (n/a) - 0.54% |
| #23 | PANASONIC HOLDINGS CORP (n/a) - 0.55% | SOFTBANK GROUP CORP (n/a) - 0.53% |
| #24 | ASTRAZENECA PLC (AZN) - 0.54% | HITACHI LTD (n/a) - 0.52% |
| #25 | ALLIANZ SE (n/a) - 0.51% | THE TORONTO-DOMINION BANK (TD) - 0.50% |
| Total Holdings | 1024 | 1289 |
PXF vs CWI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PXF
+0.75%
CWI
-0.85%
3M
Winner
PXF
+4.18%
CWI
+2.80%
6M
Winner
PXF
+10.80%
CWI
+6.49%
1Y
Winner
PXF
+32.38%
CWI
+22.62%
5Y(CAGR)
Winner
PXF
+13.94%
CWI
+9.04%
10Y(CAGR)
Winner
PXF
+11.68%
CWI
+9.63%
Max(CAGR)
Winner
PXF
+5.38%
CWI
+5.34%
PXF vs CWI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PXF | CWI |
|---|---|---|
| 2026 | +15.59% | +9.87% |
| 2025 | +42.94% | +32.76% |
| 2024 | +5.44% | +7.58% |
| 2023 | +17.64% | +15.05% |
| 2022 | -9.89% | -15.80% |
| 2021 | +15.16% | +8.00% |
| 2020 | +1.75% | +8.58% |
| 2019 | +17.66% | +22.09% |
| 2018 | -15.52% | -14.65% |
| 2017 | +23.77% | +25.95% |
| 2016 | +8.91% | +6.67% |
| 2015 | -5.40% | -4.94% |
| 2014 | -5.31% | -1.28% |
| 2013 | +22.01% | +12.22% |
| 2012 | +13.11% | +13.69% |
| 2011 | -17.35% | -14.44% |
| 2010 | +3.74% | +8.51% |
| 2009 | +37.81% | +35.42% |
| 2008 | -41.42% | -41.96% |
| 2007 | +2.78% | +15.36% |
PXF vs CWI Drawdown Comparison
The maximum drawdown for PXF was -64.74%, occurring on Mar 9, 2009. Recovery took 2408 trading sessions.
The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.
The current PXF drawdown is -3.45%. The current CWI drawdown is -4.06%.
| Rank | PXF | CWI |
|---|---|---|
| #1 | -64.74% Dec 19, 2007 - Jul 14, 2017 | -60.77% Oct 31, 2007 - Jun 18, 2014 |
| #2 | -41.56% Jan 26, 2018 - Jan 7, 2021 | -34.64% Jan 26, 2018 - Nov 13, 2020 |
| #3 | -26.85% Jan 12, 2022 - Jul 26, 2023 | -29.42% Jun 14, 2021 - May 9, 2024 |
| #4 | -14.06% Mar 19, 2025 - May 2, 2025 | -25.24% Jul 3, 2014 - May 5, 2017 |
| #5 | -11.27% Jul 13, 2007 - Oct 11, 2007 | -13.85% Mar 19, 2025 - May 2, 2025 |
| #6 | -10.91% Feb 27, 2026 - May 6, 2026 | -12.72% Jul 13, 2007 - Oct 1, 2007 |
| #7 | -10.24% Jul 28, 2023 - Dec 13, 2023 | -11.47% Feb 25, 2026 - May 6, 2026 |
| #8 | -9.35% Sep 26, 2024 - Mar 5, 2025 | -9.50% Sep 26, 2024 - Mar 17, 2025 |
| #9 | -8.79% Oct 31, 2007 - Dec 19, 2007 | -8.03% Jul 12, 2024 - Aug 23, 2024 |
| #10 | -8.39% Jun 7, 2021 - Jan 11, 2022 | -7.91% Feb 26, 2007 - Apr 3, 2007 |
| #11 | -7.30% Jul 12, 2024 - Aug 21, 2024 | -4.96% Nov 12, 2025 - Dec 10, 2025 |
| #12 | -5.58% Jun 2, 2026 - Jun 10, 2026 | -4.92% Feb 16, 2021 - Apr 15, 2021 |
| #13 | -5.18% Jan 8, 2021 - Feb 11, 2021 | -4.84% Jun 2, 2026 - Jun 15, 2026 |
| #14 | -5.02% Nov 12, 2025 - Dec 3, 2025 | -4.65% Jun 22, 2026 - Jul 20, 2026 |
| #15 | -4.64% May 17, 2024 - Jul 12, 2024 | -4.58% Jan 21, 2021 - Feb 9, 2021 |
Correlation
Correlation between PXF and CWI is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2007 - 2026)
PXF vs CWI dividend yield comparison.
| Year | PXF | CWI |
|---|---|---|
| 2026 | 1.55% | 1.20% |
| 2025 | 3.64% | 2.97% |
| 2024 | 3.48% | 2.89% |
| 2023 | 3.55% | 2.80% |
| 2022 | 3.58% | 3.17% |
| 2021 | 3.74% | 2.65% |
| 2020 | 2.11% | 2.07% |
| 2019 | 3.50% | 3.05% |
| 2018 | 3.38% | 2.81% |
| 2017 | 2.78% | 2.29% |
| 2016 | 3.21% | 2.45% |
| 2015 | 3.10% | 2.62% |
| 2014 | 4.00% | 3.21% |
| 2013 | 2.41% | 2.69% |
| 2012 | 2.69% | 3.15% |
| 2011 | 2.20% | 2.98% |
| 2010 | 2.50% | 2.31% |
| 2009 | 2.04% | 2.20% |
| 2008 | 3.05% | 2.17% |
| 2007 | 0.22% | 2.01% |
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