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GWX vs HECO

State Street SPDR S&P International Small Cap ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF

GWX

State Street SPDR S&P International Small Cap ETF

Annual cost

0.40%

Fund size

$917M

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

GWX is an equity ETF, while HECO is an alternative ETF. GWX charges 0.40% a year and HECO 0.90%.

  • GWX is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
  • GWX follows a index tracking strategy; HECO uses option income.
  • GWX covers global markets excluding the US; HECO covers North America.
  • GWX costs 0.50% less per year.
  • GWX is much larger than HECO. Larger funds are usually more liquid and less likely to close.
  • GWX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

GWXHECO
Annual cost (TER)0.40%0.90%
Fund size (AUM)$917M$116M
Since20072024
Dividend yield2.48%0.00%
Asset classequityalternative
Regionglobal ex usnorth america
Strategyindex trackingoption income
CAGR 1Y+26.0%+117.9%
CAGR 3Y+17.0%N/A
CAGR 5Y+5.3%N/A
Sharpe 3Y0.85N/A
Volatility 1Y16.04%37.71%
Max drawdown-45.27%-43.74%

Similar to GWX and HECO