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 sponsor | SSGA Funds Management Inc |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Apr 20, 2007 |
Assets (mns) | $21,299 |
Expense ratio | 3 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 +
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 holdings | 2256 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
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... | Beta | R-squared |
S&P 500 | 0.91 | 78% |
MSCI EAFE | 1.04 | 99% |
MSCI Emg Mkts | 0.86 | 67% |
Liquidity Measures
Avg. volume (000) | 3,612 |
Turnover | 0.6% |
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 volatility | 18.1% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. SPDW |
Expenses vs. SPDW |
ALTAR Score™ vs. SPDW |
---|---|---|---|---|
IDEV | iShares Core MSCI International Developed Markets ETF | 85.3% | +1 bp | -0.1% |
VEA | Vanguard FTSE Developed Markets ETF | 85.3% | +2 bp | +0.1% |
SCHF | Schwab International Equity ETF | 79.4% | +3 bp | +0.3% |
IEFA | iShares Core MSCI EAFE ETF | 78.5% | +4 bp | -0.1% |
BKIE | BNY Mellon International Equity ETF | 73.8% | +1 bp | -0.1% |
EFA | iShares MSCI EAFE ETF | 71.7% | +32 bp | -0.4% |
DFAI | Dimensional International Core Equity Market ETF | 71.7% | +15 bp | +0.1% |
ACWX | iShares MSCI ACWI ex U.S. ETF | 69.7% | +31 bp | -0.3% |
HFXI | IQ FTSE International Equity Currency Neutral ETF | 69.5% | +17 bp | -0.1% |
GSID | Goldman Sachs MarketBeta International Equity ETF | 68.0% | +17 bp | -0.3% |
Risk and Returns: SPDW 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 12/9/2024
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
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
SPDWSELL
U/W
HOLD
O/W
BUY
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 .