ULST vs DWX

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

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

ULST vs DWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

ULST

$527M

Winner

DWX

$529M

Expense Ratio

Winner

ULST

0.20%

DWX

0.45%

Max Drawdown

Winner

ULST

6.34%

DWX

69.26%

Sharpe Ratio

ULST

-0.35

Winner

DWX

1.13

5Y Beta

Winner

ULST

-0.00

DWX

0.27

5Y Dividends CAGR

Winner

ULST

39.00%

DWX

7.54%

ULST vs DWX - Historical Returns

Returns include dividend reinvestment.

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

ULST

+0.40%

Winner

DWX

+2.42%

ULST

+0.91%

Winner

DWX

+4.60%

ULST

+1.41%

Winner

DWX

+1.71%

ULST

+3.58%

Winner

DWX

+17.19%

5Y(CAGR)

ULST

+3.67%

Winner

DWX

+8.23%

10Y(CAGR)

ULST

+2.71%

Winner

DWX

+7.28%

Max(CAGR)

ULST

+2.23%

Winner

DWX

+2.83%

ULST vs DWX - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

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

ULST vs DWX Drawdown Comparison

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

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

The current DWX drawdown is -0.50%.

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

Correlation

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

0.90

-101

Dividend Comparison (2008 - 2026)

ULST vs DWX dividend yield comparison.

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