DWX vs VOO
State Street SPDR S&P International Dividend ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DWX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $530M | $997.4B | |
| Dividend Yield | 4.11% | 1.08% | |
| Holdings | 122 | 509 | |
| YTD Return | +11.01% | +13.20% | |
| 1Y Return | +16.37% | +21.62% | |
| 3Y Return (annualized) | +17.16% | +22.16% | |
| 5Y Return (annualized) | +8.04% | +13.42% | |
| Volatility (annualized) | 20.0% | 14.1% | |
| Max Drawdown | -69.3% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2008 | Sep 7, 2010 |
DWX vs VOO Performance
State Street SPDR S&P International Dividend ETF (DWX) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DWX returned +16.37% while VOO returned +21.62%. Year to date, DWX is up 11.01% versus a gain of 13.20% for VOO.
Over three years, DWX compounded at +17.16% per year against +22.16% for VOO; over five years the annualized figures are +8.04% and +13.42% respectively. Across the full 16-year window we track, VOO has the edge at +13.51% annualized vs -1.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWX has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -69.3% for DWX and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWX charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, DWX currently yields 4.11% against 1.08% for VOO.
Holdings Overlap
DWX and VOO share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DWX or VOO?
DWX has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, DWX or VOO?
Over the past year DWX returned +16.37% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DWX annualized -1.05% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, DWX or VOO?
DWX has been the more volatile fund at 20.0% annualized versus 14.1% for VOO. Worst drawdown: DWX -69.3% vs VOO -34.3%.
Should I hold both DWX and VOO?
DWX and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWX and VOO?
DWX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, DWX or VOO?
DWX yields 4.11% while VOO yields 1.08%, so DWX currently pays the higher dividend yield.
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