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.
Fund Basics
Fund sponsor | State Street Global Advisors |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 20, 2007 |
Assets (mns) | $643 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
FILTRONA PLC | 5.0 % |
ALTEOGEN INC. | 0.4 % |
SYENSQO SA/NV | 0.2 % |
HUB24 LIMITED | 0.2 % |
KANEMATSU CORP | 0.2 % |
Roundhill Cannabis ETF | 0.2 % |
TOAGOSEI CO LTD | 0.2 % |
PEYTO EXPLORATION & DEV CORP | 0.2 % |
CRITEO SA-SPON ADR | 0.2 % |
NIPPON KONPO UNYU SOKO CO | 0.2 % |
Constituent Breakdown
Number of holdings | 1696 |
Herfindahl-Hirschman Index | 33 |
Wgt avg mkt cap (mns) | $4,207 |
Large cap (>$10bn) | 5.6% |
Mid cap ($2-10bn) | 6.3% |
Small cap (<$2bn) | 88.1% |
Developed mkts. | 90.4% |
Emerging mkts. | 9.6% |
Country Exposure
JAPAN | 33.7 % | |
BRITAIN | 10.8 % | |
SOUTH KOREA | 8.7 % | |
AUSTRALIA | 7.7 % | |
CANADA | 7.5 % | |
SWEDEN | 3.0 % | |
ISRAEL | 2.5 % | |
GERMANY | 2.3 % | |
SWITZERLAND | 1.4 % | |
NORWAY | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.0% | 6.3% | -2.4% | -1.7% | 3.6% | 3.4% | 2.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.93 | 78% |
MSCI EAFE | 1.08 | 98% |
MSCI Emg Mkts | 0.88 | 69% |
Liquidity Measures
Avg. volume (000) | 56 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.28% |
ADV of underlying (mns) | $5,935 |
Technical Indicators
Recent close | $32.48 |
30d moving avg. | $29.77 |
Annualized volatility | 18.8% |
Relative strength (RSI) | 66 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
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 |
---|---|---|---|---|
SCHC | Schwab International Small-Cap Equity ETF | 34.6% | -29 bp | -0.2% |
FNDC | Schwab Fundamental International Small Co. Index ETF | 33.3% | -1 bp | +0.7% |
DFIS | Dimensional International Small Cap ETF | 30.9% | -1 bp | +0.4% |
PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 30.6% | +9 bp | +0.2% |
DLS | WisdomTree International SmallCap Dividend Fund | 29.7% | +18 bp | +2.5% |
SCJ | iShares MSCI Japan Small-Cap ETF | 26.4% | +10 bp | -0.2% |
DISV | Dimensional International Small Cap Value ETF | 26.2% | +2 bp | +2.9% |
VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 26.1% | -33 bp | +0.4% |
DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 23.7% | +18 bp | +1.1% |
DFJ | WisdomTree Japan SmallCap Dividend Fund | 23.7% | +18 bp | +1.1% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 3/28/2024
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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
GWX
6.0%
Cat. Avg
6.7%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.0% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 6.7% and a standard deviation of
2.9%. GWX's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places GWX in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GWX
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .