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
$ 914.3 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 +
| ProShares Ultra Health Care | 5.3 % |
| State Street SPDR Global Dow ETF | 4.4 % |
| Beacon Tactical Risk ETF | 2.4 % |
| FILTRONA PLC | 2.4 % |
| Roundhill Cannabis ETF | 0.4 % |
| NIKKISO CO LTD | 0.2 % |
| KITZ CORP | 0.2 % |
| UMS INTEGRATION LTD | 0.2 % |
| AURINIA PHARMACEUTICALS INC. | 0.2 % |
| TOAGOSEI CO LTD | 0.2 % |
Constituent Breakdown
| Number of holdings | 1488 |
| Herfindahl-Hirschman Index | 26 |
| Wgt avg mkt cap (mns) | $1,223 |
| Large cap (>$10bn) | 2.0% |
| Mid cap ($2-10bn) | 19.3% |
| Small cap (<$2bn) | 60.7% |
| Developed mkts. | 75.0% |
| Emerging mkts. | 8.2% |
Sector Breakdown
Country Exposure
 |
JAPAN | 30.2 % |
 |
SOUTH KOREA | 7.8 % |
 |
BRITAIN | 7.5 % |
 |
AUSTRALIA | 6.3 % |
 |
CANADA | 6.2 % |
 |
SWEDEN | 2.9 % |
 |
ISRAEL | 2.5 % |
 |
GERMANY | 1.6 % |
 |
NORWAY | 1.5 % |
 |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.5% | 13.4% | 15.6% | 16.1% | 3.4% | 3.8% | -- | 1.2% |
| Dividend Yield | 1.3% | 3.2% | 3.2% | 3.2% | 3.0% | 3.5% | -- | 3.5% |
| Total Returns | 12.9% | 16.7% | 18.7% | 19.2% | 6.4% | 7.3% | -- | 4.7% | Ann. Volatility | 18.8% | 17.4% | 16.4% | 16.0% | 17.0% | 17.4% | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 61% |
| MSCI EAFE | 0.97 | 79% |
| MSCI Emg Mkts | 0.56 | 67% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $44.56 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.70/0.37 |
| Bollinger Bands (Upper/Lower) | $47.07/$41.48 |
| Short interest (% of AUM) | 0.8% |
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. GWX |
Expenses vs. GWX |
ALTAR Score™ vs. GWX |
|---|---|---|---|---|
| SCHC | Schwab International Small-Cap Equity ETF | 22.0% | -29 bp | +1.1% |
| AVDS | Avantis International Small Cap Equity ETF | 21.8% | -10 bp | +0.7% |
| DLS | WisdomTree International SmallCap Dividend Fund | 21.5% | +18 bp | +1.0% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 19.8% | +18 bp | +0.5% |
| DFIS | Dimensional International Small Cap ETF | 18.3% | -1 bp | +0.6% |
| DISV | Dimensional International Small Cap Value ETF | 18.1% | +2 bp | +2.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 17.5% | +9 bp | +0.3% |
| AVDV | Avantis International Small Cap Value ETF | 17.4% | -4 bp | +2.0% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 17.2% | -32 bp | +0.4% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 16.5% | +10 bp | +0.0% |
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 10/13/2026
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
6.3%
ALTAR SCORE™
43rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 420 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.5%. GWX's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places GWX in the 43rd percentile
among funds in the category.
Sell-Side Consensus
$55.47
PRICE TARGET
+22.6%
UPSIDE