The SPDR Portfolio Developed World ex-US ETF (SPDW) offers broad exposure to developed market stocks outside the U.S., and does it for an extremely competitive price. The fund owns thousands of securities, making it a well-diversified option for long-term investors building a balanced portfolio. Like all of State Street’s SPDR Portfolio ETFs, SPDW’s management fee was set low enough to compete with ultra-low-cost rivals like the iShares Core MSCI EAFE ETF (IEFA), the Vanguard FTSE Developed Markets ETF (VEA), and Charles Schwab’s International Equity ETF (SCHF). Investors should note that SPDW (like VEA and SCHF) includes stocks in South Korea and Canada, whereas IEFA follows an MSCI index that excludes Canada and lumps South Korea in with emerging markets. Unsuspecting investors who mix and match funds from different firms may find themselves either unintentionally overweight Canada and South Korea or missing out on those countries entirely.
State Street launched its ultra-low-cost SPDR Portfolio lineup in October 2017 after years of losing market share to cheaper rivals at BlackRock, Schwab, and Vanguard. This was a humiliating setback since State Street essentially founded the modern ETF market in 1993 with the launch of the SPDR S&P 500 ETF Trust (SPY). State Street was late to the ultra-low-cost space — BlackRock launched its low-cost iShares Core series five years earlier — but has pushed hard to make up ground. Many of its SPDR Portfolio funds, including SPDW, were renamed and repriced for this purpose. Prior to October 2017, SPDW traded under the name SPDR S&P World ex-US ETF under the ticker GWL.
| Segment | Equity: Developed Markets Ex-U.S. - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| SPDW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 2474 | 743 | 992 |
| % of Assets in Top 10 | 11.89% | 24.70% | 17.13% |
| % of Assets in Top 15 | 15.43% | 30.61% | 22.67% |
| % of Assets in Top 50 | 30.20% | 55.58% | 47.30% |
| SPDW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 75.54% | 69.35% | 70.66% |
| Mid (>2.7B) | 18.52% | 22.15% | 23.90% |
| Small (>600M) | 4.78% | 2.38% | 4.55% |
| Micro (<600M) | 0.82% | 0.12% | 0.32% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| SPDW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.62 | $ 0.59 | $ 0.54 |
| Dividend Date | 2024-06-24 | N/A | N/A |
| Annual Dividend Rate | $ 0.97 | $ 1.32 | $ 1.17 |
| Annual Dividend Yield | 2.75% | 3.42% | 3.08% |
View charts featuring SPDW price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 195.28 M 3 Month Net Flows: 438.43 M 6 Month Net Flows: 1.31 B 1 Year Net Flows: 2.43 B 3 Year Net Flows: 8.41 B 5 Year Net Flows: 12.97 B 10 Year Net Flows: 16.79 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -31.46 MThe adjacent table gives investors an individual Realtime Rating for SPDW on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Foreign Large Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| SPDW |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.29% | -1.36% | -1.23% |
| 3 Month Return | 0.40% | 0.95% | 0.40% |
| YTD Return | 5.33% | 5.38% | 4.58% |
| 1 Year Return | 10.94% | 11.02% | 9.36% |
| 3 Year Return | 1.57% | 1.54% | 1.81% |
| 5 Year Return | 6.40% | 4.84% | 3.48% |
The following charts reflect the geographic spread of SPDW's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 54.59% |
| Asia Pacific | 34.81% |
| North, Central and South America | 11.64% |
| Other | -1.56% |
| Country | Percentage |
|---|---|
| Japan | 22.19% |
| United Kingdom | 11.99% |
| Canada | 9.9% |
| France | 8.34% |
| Switzerland | 7.79% |
| Germany | 6.56% |
| Australia | 6.31% |
| South Korea | 4.83% |
| Netherlands | 4.42% |
| Denmark | 3.14% |
| Sweden | 3.04% |
| Spain | 2.32% |
| Italy | 2.07% |
| Hong Kong | 1.33% |
| Singapore | 1.25% |
| Finland | 0.91% |
| Israel | 0.78% |
| Ireland | 0.78% |
| Belgium | 0.74% |
| Norway | 0.66% |
| Luxembourg | 0.4% |
| United States | 0.34% |
| New Zealand | 0.27% |
| Austria | 0.25% |
| Portugal | 0.17% |
| Bermuda | 0.15% |
| Greece | 0.04% |
| Macao | 0.03% |
| China | 0.02% |
| Malta | 0.01% |
| Mexico | 0.01% |
| Other | -1.56% |
The following charts reflect the allocation of SPDW's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 22.62% |
| Health Technology | 10.6% |
| Electronic Technology | 9.05% |
| Producer Manufacturing | 8.71% |
| Consumer Non-Durables | 7.86% |
| Technology Services | 5.69% |
| Consumer Durables | 5.08% |
| Energy Minerals | 4.43% |
| Non-Energy Minerals | 4.0% |
| Process Industries | 3.52% |
| Retail Trade | 3.33% |
| Transportation | 3.11% |
| Utilities | 2.98% |
| Communications | 2.27% |
| Commercial Services | 2.07% |
| Industrial Services | 1.93% |
| Distribution Services | 1.87% |
| Consumer Services | 1.71% |
| Health Services | 0.16% |
| Miscellaneous | 0.05% |
| CASH | -1.56% |
| Market Cap | Percentage |
|---|---|
| Large | 75.54% |
| Mid | 18.52% |
| Small | 4.78% |
| Micro | 0.82% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 97.49% |
| Preferred Equity | 1.44% |
| Global Depositary Receipt | 1.27% |
| American Depositary Receipt | 0.58% |
| Depositary Receipts/Certificates | 0.14% |
| Temporary | 0.06% |
| Unit | 0.06% |
| Right | 0.0% |
| Warrant | 0.0% |
| CASH | -1.56% |
| Sector | Percentage |
|---|---|
| Finance | 22.62% |
| Health Technology | 10.6% |
| Electronic Technology | 9.05% |
| Producer Manufacturing | 8.71% |
| Consumer Non-Durables | 7.86% |
| Technology Services | 5.69% |
| Consumer Durables | 5.08% |
| Energy Minerals | 4.43% |
| Non-Energy Minerals | 4.0% |
| Process Industries | 3.52% |
| Retail Trade | 3.33% |
| Transportation | 3.11% |
| Utilities | 2.98% |
| Communications | 2.27% |
| Commercial Services | 2.07% |
| Industrial Services | 1.93% |
| Distribution Services | 1.87% |
| Consumer Services | 1.71% |
| Health Services | 0.16% |
| Miscellaneous | 0.05% |
| CASH | -1.56% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 75.69% |
| 20 Day Volatility | 10.71% |
| 50 Day Volatility | 11.54% |
| 200 Day Volatility | 11.13% |
| Beta | 0.89 |
| Standard Deviation | 1.94% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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