SPDW

SPDR Portfolio Developed World ex-US ETF

SPDR S&P World (ex-US) ETF objective is to replicate the S&P Developed Ex-U.S. BMI Index. The Index measures the investable universe of publicly traded companies domiciled in developed countri


International

EQUITY

Passive

MANAGEMENT STYLE

21.3 B

ASSETS UNDER MGMT

3 bp

EXPENSES
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryInternational
Asset classEquity
Websitelink...
Inception dateApr 20, 2007
Assets (mns)$21,299
Expense ratio3 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  + 
NOVO NORDISK A/S-B 1.4 %
ASML HOLDING NV 1.2 %
SAP AG 1.0 %
NESTLE SA-REG 1.0 %
TOYOTA MOTOR CORP 0.9 %
SHELL PLC 0.9 %
NOVARTIS AG 0.9 %
ASTRAZENECA PLC 0.9 %
ROCHE HOLDING LTD 0.9 %
SAMSUNG ELECTR-GDR REGS 0.8 %
Constituent Breakdown
Number of holdings2256
Herfindahl-Hirschman Index 27
Wgt avg mkt cap (mns)$71,452
Large cap (>$10bn)78.5%
Mid cap ($2-10bn)17.4%
Small cap (<$2bn)4.0%
Developed mkts.95.4%
Emerging mkts.4.5%
Country Exposure
JAPAN 22.1 %
BRITAIN 11.7 %
CANADA 9.7 %
SWITZERLAND 7.6 %
FRANCE 7.2 %
GERMANY 6.6 %
AUSTRALIA 6.3 %
SOUTH KOREA 4.0 %
NETHERLANDS 3.8 %
SWEDEN 2.8 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.6% 9.3% 9.1% 2.2% 5.3% 5.0% 3.0%
Volatility 13.0% 13.0% 14.3% 16.8% 20.0% 17.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.9178%
MSCI EAFE1.0499%
MSCI Emg Mkts0.8667%
Liquidity Measures
Avg. volume (000)3,612
Turnover0.6%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$66,786
Technical Indicators
Recent close$36.10
30d moving avg.$36.81
Annualized volatility18.1%
Relative strength (RSI)44
Short interest (ETF)0.7%
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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Risk and Returns: SPDW vs. Comps (1 YR)

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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 --%
1.1 13.3 1.4 3.5% --
Based on closing prices from 12/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SPDW



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

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.

ALTAR Score™

SPDW

7.0%

Cat. Avg

7.1%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.1% and a standard deviation of 2.5%. SPDW's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places SPDW in the 48th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

SPDW
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
SPDW (3 bp) Percentile rank 4
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SPDW 3.0 3.2 6.2
Peer Avg. 26.6 13.3 39.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .