SPDR S&P International Dividend ETF (DWX) Performance
DWX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.9% since Dec 31, 2025
- 1 year
- +13.0% total return
- 5 years
- +8.3% a year
- 10 years
- +7.1% a year
- Since first price
- +2.7% a year since 2008
DWX trailing returns vs SPY, QQQ, AGG
| Period | DWX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.1% | +0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.2% | +1.9% | +7.8% | +8.4% | −1.5% |
| YTD | +9.9% | +6.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.0% | +8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.5%+18.3%/yr | +46.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +48.8%+8.3%/yr | +19.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +99.0%+7.1%/yr | +28.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +96.9%+4.6%/yr | −4.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 19, 2008 | +64.8%+2.7%/yr | −35.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DWX vs SPY
From Feb 19, 2008: DWX grew to $16,484, SPY to $78,929.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DWX returns by calendar year
11 of 17 full years positive. Best 2009 (+62.3%), worst 2015 (−16.4%). 2026 is year to date.
DWX annual returns table
| Year | DWX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.9% | −8.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +31.6% | −6.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.6% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.8% | −9.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.0% | −26.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.6% | −7.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −5.1% | −36.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.3% | −5.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.1% | −17.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +18.9% | −2.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +14.1% | −9.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −16.4% | −27.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −6.6% | −19.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +5.9% | −13.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +10.6% | −19.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −11.6% | −29.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +7.8% | −21.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +62.3% | −36.2% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DWX largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 16, 2008 | −66.9% | Mar 9, 2009 | Dec 26, 2019 | 10 months | 11.6 years |
| Feb 19, 2020 | −36.0% | Mar 23, 2020 | Apr 15, 2021 | 33 days | 1.2 years |
| Aug 16, 2021 | −26.9% | Oct 12, 2022 | Jul 12, 2024 | 1.2 years | 2.9 years |
| Sep 27, 2024 | −10.6% | Jan 10, 2025 | Mar 25, 2025 | 3 months | 6 months |
| Feb 27, 2008 | −10.4% | Mar 19, 2008 | May 16, 2008 | 21 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DWX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +16.4% | +8.4% | +6.8% | +2.5% |
| Volatility (annualized) | 11.6% | 13.8% | 13.3% | 19.7% |
| Sharpe ratio | 0.99 | 0.39 | 0.39 | 0.16 |
| Sortino ratio | 1.72 | 0.59 | 0.55 | 0.23 |
| Best month | +7.2% | +10.9% | +10.9% | +26.2% |
| Worst month | −5.9% | −10.7% | −16.3% | −27.6% |
| Best 12 months | +38.4% | +38.4% | +38.4% | +101.1% |
| Worst 12 months | +2.6% | −20.3% | −20.3% | −61.0% |
| Positive months | 67% | 62% | 61% | 55% |
| Beta vs S&P 500 | 0.25 | 0.51 | 0.60 | — |
| Correlation with S&P 500 | 0.27 | 0.58 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DWX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 213 | −61.0% | +7.1% | +101.1% | 66% |
| 3-year (a year) | 189 | −8.0% | +2.9% | +30.2% | 73% |
| 5-year (a year) | 165 | −5.9% | +2.5% | +18.9% | 76% |
| 10-year (a year) | 105 | −0.6% | +2.3% | +9.1% | 94% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
DWX performance overview
SPDR S&P International Dividend ETF (DWX) returned +13.0% over the past year and +7.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +2.7% a year, turning $10,000 into about $16,484. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −66.9%, from May 16, 2008 to Mar 9, 2009, and it took 10.8 years to get back to the old high. DWX finished 11 of its 17 full calendar years with a gain; the best year was 2009 (+62.3%) and the worst 2015 (−16.4%). Volatility has been 19.7% a year.
Related: DWX chart, DWX holdings, DWX dividends. See the DWX overview for the latest quote and fund facts.
DWX performance FAQ
What is the DWX return over the past year?
DWX returned +13.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.3%.
What is the average annual return of DWX?
DWX has returned +8.3% a year over 5 years, +7.1% a year over 10 years, +2.7% a year since February 19, 2008 (total return, distributions reinvested).
How much would $10,000 invested in DWX be worth?
$10,000 invested in DWX at its first recorded close on February 19, 2008 would be worth about $16,484 on October 23, 2026 with distributions reinvested.
What was the worst year for DWX?
The worst calendar year was 2015, with a total return of −16.4%. The best was 2009 at +62.3%.
What is the biggest drawdown of DWX?
The largest peak-to-trough decline was −66.9% between May 16, 2008 and March 9, 2009. It recovered to the old high on December 26, 2019, 10.8 years after the bottom.
How volatile is DWX?
Over the past 3 years DWX had an annualized volatility of 11.6% and a Sharpe ratio of 0.99 (excess return over 1–3 month T-bills per unit of risk).