RWX
SPDR Dow Jones International Real Estate ETF
SPDR DJ Wilshire International Real Estate ETF objective is to track as closely as possible, before fees and expenses, the total performance of the Dow Jones Wilshire Ex-US Real Estate Securit
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 15, 2006 |
| Assets (mns) | $286 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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 +
| MITSUI FUDOSAN CO LTD | 7.5 % |
| SEGRO PLC | 3.7 % |
| SCENTRE GROUP | 2.8 % |
| LINK REIT | 2.8 % |
| UNIBAIL-RODAMCO-WESTFIELD STAPLED SECS C | 2.0 % |
| CAPITAMALL TRUST | 1.9 % |
| ASCENDAS REAL ESTATE INV TRT | 1.8 % |
| SWISS PRIME SITE-REG | 1.8 % |
| NIPPON BUILDING FUND INC | 1.7 % |
| PSP SWISS PROPERTY AG-REG | 1.5 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 166 |
| Wgt avg mkt cap (mns) | $5,687 |
| Large cap (>$10bn) | 20.0% |
| Mid cap ($2-10bn) | 67.8% |
| Small cap (<$2bn) | 12.2% |
| Developed mkts. | 95.1% |
| Emerging mkts. | 5.0% |
Country Exposure
 |
JAPAN | 30.8 % |
 |
BRITAIN | 13.5 % |
 |
SINGAPORE | 10.1 % |
 |
AUSTRALIA | 8.7 % |
 |
HONG KONG | 5.3 % |
 |
SWITZERLAND | 3.4 % |
 |
CANADA | 3.3 % |
 |
FRANCE | 3.2 % |
 |
MEXICO | 2.8 % |
 |
BELGIUM | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -3.7% | 4.6% | -8.2% | -4.4% | -2.9% | 0.3% | -0.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 60% |
| MSCI EAFE | 1.01 | 79% |
| MSCI Emg Mkts | 0.80 | 53% |
Liquidity Measures
| Avg. volume (000) | 52 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $1,318 |
Technical Indicators
| Recent close | $24.50 |
| 30d moving avg. | $25.08 |
| Annualized volatility | 19.4% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RWX |
Expenses vs. RWX |
ALTAR Score™ vs. RWX |
|---|---|---|---|---|
| IFGL | iShares International Developed Real Estate ETF | 57.7% | -11 bp | -0.2% |
| WPS | iShares International Developed Property ETF | 51.3% | -11 bp | +0.0% |
| HAUZ | DBX ETF Trust - Xtrackers International Real Estate ETF | 45.7% | -49 bp | +1.0% |
| VNQI | Vanguard Global ex-U.S. Real Estate ETF | 40.7% | -47 bp | +1.5% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 28.2% | -9 bp | -0.2% |
| ERET | iShares Environmentally Aware Real Estate ETF | 24.8% | -29 bp | +0.2% |
| REET | iShares Global REIT ETF | 20.0% | -45 bp | 0.0% |
| AVRE | Avantis Real Estate ETF | 19.6% | -42 bp | -0.5% |
| WTRE | WisdomTree New Economy Real Estate Fund | 19.3% | -1 bp | -2.2% |
| DFGR | Dimensional Global Real Estate ETF | 17.0% | -37 bp | -0.1% |
Risk and Returns: RWX 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
| 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
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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 4/17/2024
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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
RWX
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
RWX
7.3%
Cat. Avg
7.3%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.3% |
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 7.3% and a standard deviation of
2.6%. RWX's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places RWX in the 50th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RWX
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
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RWX | 59.0 | 23.3 | 82.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .