CWI
SPDR MSCI ACWI ex-US ETF
The SPDR MSCI ACWI ex-US ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWIsm ex USA Index, an equity index based upon a broad based world ex-US composite market.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.7 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Jan 10, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 4.6 % |
| SAMSUNG ELECTR-GDR REGS | 2.7 % |
| ASML HOLDING NV | 1.7 % |
| HYNIX SEMICONDUCTOR INC | 1.0 % |
| TENCENT HOLDINGS LTD | 1.0 % |
| HSBC HOLDINGS PLC | 0.9 % |
| ROYAL BANK OF CANADA | 0.8 % |
| ROCHE HOLDING AG | 0.8 % |
| ALIBABA GROUP HOLDING LTD. | 0.8 % |
| NOVARTIS AG | 0.8 % |
Constituent Breakdown
| Number of holdings | 1029 |
| Herfindahl-Hirschman Index | 54 |
| Wgt avg mkt cap (mns) | $168,365 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 5.3% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 68.0% |
| Emerging mkts. | 26.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 14.0 % |
 |
CANADA | 7.8 % |
 |
BRITAIN | 7.6 % |
 |
TAIWAN | 7.5 % |
 |
SOUTH KOREA | 5.9 % |
 |
FRANCE | 5.5 % |
 |
CHINA | 5.4 % |
 |
GERMANY | 5.0 % |
 |
SWITZERLAND | 4.9 % |
 |
AUSTRALIA | 4.0 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.2% | 29.1% | 19.0% | 14.4% | 5.7% | 6.4% | -- | 2.5% |
| Dividend Yield | 0.0% | 4.2% | 3.6% | 3.5% | 3.1% | 3.0% | -- | 2.8% |
| Total Returns | 9.2% | 33.3% | 22.6% | 17.9% | 8.9% | 9.4% | -- | 5.3% | Ann. Volatility | 20.1% | 14.6% | 16.0% | 14.9% | 16.1% | 17.1% | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 60% |
| MSCI EAFE | 0.97 | 93% |
| MSCI Emg Mkts | 0.72 | 83% |
Liquidity Measures
| Avg. volume (000) | 248 |
| ADV traded (mns) | $10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $38.81 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.55/0.46 |
| Bollinger Bands (Upper/Lower) | $40.30/$38.18 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CWI |
Expenses vs. CWI |
ALTAR Score™ vs. CWI |
|---|---|---|---|---|
| ACWX | iShares MSCI ACWI ex U.S. ETF | 70.4% | +4 bp | 0.0% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 69.8% | +11 bp | -0.4% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 66.7% | -26 bp | +0.3% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 65.6% | -27 bp | -0.7% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 64.8% | -12 bp | -0.1% |
| VEA | Vanguard FTSE Developed Markets ETF | 62.3% | -27 bp | -0.6% |
| IXUS | iShares Core MSCI Total International Stock ETF | 62.3% | -23 bp | +0.1% |
| VXUS | Vanguard Total International Stock ETF | 61.9% | -25 bp | +0.2% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 61.5% | -26 bp | -0.5% |
| SCHF | Schwab International Equity ETF | 60.3% | -24 bp | -0.6% |
Risk and Returns: CWI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/17/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.1%
ALTAR SCORE™
70th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 347 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.6%. CWI's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places CWI in the 70th percentile
among funds in the category.
Sell-Side Consensus
$44.83
PRICE TARGET
+13.9%
UPSIDE