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
$ 2.3 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 | 4.0 % |
| SAMSUNG ELECTR-GDR REGS | 1.8 % |
| ASML HOLDING NV | 1.6 % |
| TENCENT HOLDINGS LTD | 1.2 % |
| HYNIX SEMICONDUCTOR INC | 1.0 % |
| SHELL PLC | 0.9 % |
| HSBC HOLDINGS PLC | 0.9 % |
| NOVARTIS AG | 0.9 % |
| ROCHE HOLDING AG | 0.9 % |
| ASTRAZENECA PLC | 0.9 % |
Constituent Breakdown
| Number of holdings | 1015 |
| Herfindahl-Hirschman Index | 48 |
| 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. | 69.1% |
| Emerging mkts. | 25.9% |
Sector Breakdown
Country Exposure
 |
JAPAN | 14.7 % |
 |
BRITAIN | 8.4 % |
 |
CANADA | 8.1 % |
 |
TAIWAN | 6.4 % |
 |
FRANCE | 5.8 % |
 |
CHINA | 5.8 % |
 |
GERMANY | 5.1 % |
 |
SWITZERLAND | 5.0 % |
 |
SOUTH KOREA | 4.7 % |
 |
AUSTRALIA | 4.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.9% | 35.2% | 20.3% | 16.8% | 6.9% | 7.7% | -- | 2.6% |
| Dividend Yield | 0.0% | 4.4% | 3.7% | 3.5% | 3.2% | 3.0% | -- | 2.8% |
| Total Returns | 10.9% | 39.6% | 24.0% | 20.4% | 10.1% | 10.7% | -- | 5.4% | Ann. Volatility | 13.5% | 16.0% | 14.6% | 14.1% | 15.7% | 16.9% | -- | 22.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 68% |
| MSCI EAFE | 0.94 | 94% |
| MSCI Emg Mkts | 0.81 | 83% |
Liquidity Measures
| Avg. volume (000) | 274 |
| ADV traded (mns) | $10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $37.17 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.65/-0.51 |
| Bollinger Bands (Upper/Lower) | $38.74/$35.15 |
| Short interest (% of AUM) | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 73.8% | +4 bp | -0.1% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 68.1% | -26 bp | +0.2% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 68.0% | -27 bp | -0.8% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 67.1% | +11 bp | -0.5% |
| IXUS | iShares Core MSCI Total International Stock ETF | 65.2% | -23 bp | +0.1% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 65.1% | -12 bp | -0.1% |
| VEA | Vanguard FTSE Developed Markets ETF | 64.9% | -27 bp | -0.7% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 64.6% | -26 bp | -0.7% |
| VXUS | Vanguard Total International Stock ETF | 63.9% | -25 bp | +0.1% |
| SCHF | Schwab International Equity ETF | 63.2% | -24 bp | -0.7% |
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 3/30/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
7.8%
ALTAR SCORE™
75th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 349 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.7%. CWI's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places CWI in the 75th percentile
among funds in the category.
Sell-Side Consensus
$42.76
PRICE TARGET
+20.7%
UPSIDE