GWX
SPDR S&P International Small Cap ETF
The SPDR S&P International Small Cap ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the S&P®/Citigroup® World Ex US Range < 2 Billion USD Index, an equity index based upon the world (ex-US) small cap composite market.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 811.6 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Apr 20, 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 +
| State Street SPDR Global Dow ETF | 3.6 % |
| FILTRONA PLC | 2.2 % |
| MEIKO ELECTRONICS CO LTD | 0.3 % |
| NITTO BOSEKI CO LTD | 0.3 % |
| Invesco FTSE RAFI Developed Markets ex-U | 0.3 % |
| KANEMATSU CORP | 0.3 % |
| TAMARACK VALLEY ENERGY LTD. | 0.3 % |
| Roundhill Cannabis ETF | 0.3 % |
| CENTERRA GOLD INC | 0.3 % |
| MEGA OR HOLDINGS LTD | 0.3 % |
Constituent Breakdown
| Number of holdings | 1577 |
| Herfindahl-Hirschman Index | 24 |
| Wgt avg mkt cap (mns) | $2,013 |
| Large cap (>$10bn) | 2.8% |
| Mid cap ($2-10bn) | 8.3% |
| Small cap (<$2bn) | 70.5% |
| Developed mkts. | 74.2% |
| Emerging mkts. | 8.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 31.8 % |
 |
CANADA | 8.5 % |
 |
SOUTH KOREA | 8.0 % |
 |
BRITAIN | 7.4 % |
 |
AUSTRALIA | 6.6 % |
 |
SWEDEN | 2.6 % |
 |
ISRAEL | 2.6 % |
 |
GERMANY | 2.2 % |
 |
NORWAY | 1.3 % |
 |
FRANCE | 1.0 % |
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 | 13.6% | 45.4% | 22.0% | 14.8% | 5.1% | 5.9% | -- | 1.4% |
| Dividend Yield | 0.0% | 4.4% | 3.5% | 3.3% | 3.0% | 3.4% | -- | 3.6% |
| Total Returns | 13.6% | 49.8% | 25.5% | 18.1% | 8.0% | 9.3% | -- | 4.9% | Ann. Volatility | 13.4% | 15.5% | 15.0% | 14.6% | 16.3% | 17.1% | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 52% |
| MSCI EAFE | 0.86 | 83% |
| MSCI Emg Mkts | 0.70 | 66% |
Liquidity Measures
| Avg. volume (000) | 66 |
| ADV traded (mns) | $3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $43.64 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.62/-0.29 |
| Bollinger Bands (Upper/Lower) | $47.07/$41.04 |
| Short interest (% of AUM) | 0.5% |
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. GWX |
Expenses vs. GWX |
ALTAR Score™ vs. GWX |
|---|---|---|---|---|
| AVDS | Avantis International Small Cap Equity ETF | 29.4% | -10 bp | +0.5% |
| SCHC | Schwab International Small-Cap Equity ETF | 27.2% | -29 bp | +1.1% |
| DLS | WisdomTree International SmallCap Dividend Fund | 25.2% | +18 bp | +1.7% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 24.5% | +9 bp | +0.2% |
| DFIS | Dimensional International Small Cap ETF | 23.6% | -1 bp | +0.7% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 22.5% | +18 bp | +1.0% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 22.3% | -32 bp | +0.7% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 22.0% | -1 bp | +1.0% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 21.8% | +10 bp | +0.1% |
| AVDV | Avantis International Small Cap Value ETF | 21.5% | -4 bp | +2.3% |
Risk and Returns: GWX 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 3/22/2026
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
6.6%
ALTAR SCORE™
46th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 342 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.7%. GWX's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places GWX in the 46th percentile
among funds in the category.
Sell-Side Consensus
$49.31
PRICE TARGET
+19.7%
UPSIDE