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

650.7 M

ASSETS UNDER MGMT

40 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryInternational
Asset classEquity
Websitelink...
Inception dateApr 20, 2007
Assets (mns)$651
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NIPPON KONPO UNYU SOKO CO 0.4 %
FOOD & LIFE COMPANIES LTD. 0.4 %
PROTECTOR FORSIKRING ASA 0.3 %
GENESIS MINERALS LIMITED 0.3 %
DE GREY MINING LTD 0.3 %
PEPTRON. INC. 0.3 %
Invesco FTSE RAFI Developed Markets ex-U 0.2 %
FURUKAWA ELECTRIC CO LTD 0.2 %
MAKINO MILLING MACHINE CO 0.2 %
COLOWIDE CO LTD 0.2 %
Constituent Breakdown
Number of holdings1723
Herfindahl-Hirschman Index 37
Wgt avg mkt cap (mns)$4,485
Large cap (>$10bn)5.9%
Mid cap ($2-10bn)7.2%
Small cap (<$2bn)86.7%
Developed mkts.91.4%
Emerging mkts.8.6%
Country Exposure
JAPAN 34.4 %
SOUTH KOREA 7.9 %
CANADA 7.4 %
AUSTRALIA 6.7 %
BRITAIN 5.6 %
ISRAEL 3.7 %
SWEDEN 2.8 %
GERMANY 2.1 %
NORWAY 1.2 %
HONG KONG 1.2 %
Historical Performance


Standardized Performance (as of 04/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 8.2% 6.9% 3.8% 1.1% 5.9% 0.9% -- -0.4%
Dividend Yield 0.0% 2.9% 2.8% 2.8% 2.8% 3.2% -- 3.5%
Total Returns 8.2% 9.8% 6.7% 3.8% 8.6% 4.1% -- 3.1%
Ann. Volatility 21.5% 17.4% 15.6% 17.6% 17.3% 17.4% -- 20.9%
Market Correlations
versus...BetaR-squared
S&P 5000.8765%
MSCI EAFE0.9785%
MSCI Emg Mkts0.8971%
Liquidity Measures
Avg. volume (000)67
Turnover0.4%
Avg. Bid/Ask (% of price)0.28%
ADV of underlying (mns)$5,959
Technical Indicators
Recent close$33.54
30d moving avg.$32.16
Annualized volatility17.9%
Relative strength (RSI)58
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  Fwd Est 2024 2025 2026
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 4/30/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GWX



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

GWX

6.8%

Cat. Avg

7.8%


ALTAR Score™ Calculation

Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™ of 7.8% and a standard deviation of 2.0%. GWX's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places GWX in the 31st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GWX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
International Equity ETFs
# of ETFs 77
Avg. Expense Ratio 38.8 bp
Std. Deviation 21.2 bp
GWX (40 bp) Percentile rank 52
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GWX 40.0 28.0 68
Peer Avg. 27.8 14.7 42.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .