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
$ 916.3 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 +
| State Street SPDR Global Dow ETF | 3.6 % |
| FILTRONA PLC | 1.8 % |
| AIXTRON AG | 0.4 % |
| MEGA OR HOLDINGS LTD | 0.4 % |
| DAEDUCK ELECTRONICS CO., LTD. | 0.4 % |
| MEIKO ELECTRONICS CO LTD | 0.3 % |
| Roundhill Cannabis ETF | 0.3 % |
| DONGBU HITEK CO LTD | 0.3 % |
| JUSUNG ENGINEERING CO LTD | 0.3 % |
| TAMARACK VALLEY ENERGY LTD. | 0.3 % |
Constituent Breakdown
| Number of holdings | 1580 |
| Herfindahl-Hirschman Index | 25 |
| 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. | 73.9% |
| Emerging mkts. | 8.7% |
Sector Breakdown
Country Exposure
 |
JAPAN | 30.9 % |
 |
CANADA | 9.1 % |
 |
SOUTH KOREA | 8.9 % |
 |
BRITAIN | 7.0 % |
 |
AUSTRALIA | 6.4 % |
 |
ISRAEL | 3.1 % |
 |
SWEDEN | 2.7 % |
 |
GERMANY | 2.6 % |
 |
NORWAY | 1.4 % |
 |
FRANCE | 1.3 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.4% | 30.9% | 19.5% | 15.8% | 3.5% | 4.6% | -- | 1.4% |
| Dividend Yield | 0.0% | 4.0% | 3.4% | 3.3% | 2.9% | 3.4% | -- | 3.5% |
| Total Returns | 14.4% | 34.9% | 22.9% | 19.1% | 6.5% | 8.0% | -- | 4.9% | Ann. Volatility | 19.7% | 15.5% | 16.3% | 15.5% | 16.7% | 17.4% | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 56% |
| MSCI EAFE | 0.92 | 80% |
| MSCI Emg Mkts | 0.66 | 71% |
Liquidity Measures
| Avg. volume (000) | 67 |
| ADV traded (mns) | $3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $45.82 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.41/0.42 |
| Bollinger Bands (Upper/Lower) | $47.39/$45.16 |
| Short interest (% of AUM) | 0.5% |
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 | 28.2% | -29 bp | +1.0% |
| AVDS | Avantis International Small Cap Equity ETF | 27.6% | -10 bp | +0.4% |
| DLS | WisdomTree International SmallCap Dividend Fund | 25.2% | +18 bp | +1.7% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 24.4% | +9 bp | +0.4% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 24.4% | -32 bp | +0.7% |
| DFIS | Dimensional International Small Cap ETF | 23.8% | -1 bp | +0.6% |
| AVDV | Avantis International Small Cap Value ETF | 22.9% | -4 bp | +1.9% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 22.8% | +18 bp | +1.1% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 22.4% | -1 bp | +0.9% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 21.2% | +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 6/1/2026
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
5.8%
ALTAR SCORE™
43rd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% 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
$51.61
PRICE TARGET
+10.4%
UPSIDE