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

27.1 B

ASSETS UNDER MGMT

3 bp

EXPENSES
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryInternational
Asset classEquity
Websitelink...
Inception dateApr 20, 2007
Assets (mns)$27,053
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  + 
ASML HOLDING NV 1.2 %
SAP AG 1.1 %
NESTLE SA-REG 1.0 %
NOVARTIS AG 0.9 %
ROCHE HOLDING LTD 0.9 %
SAMSUNG ELECTR-GDR REGS 0.9 %
NOVO NORDISK A/S-B 0.8 %
ASTRAZENECA PLC 0.8 %
TOYOTA MOTOR CORP 0.8 %
SHELL PLC 0.8 %
Constituent Breakdown
Number of holdings2214
Herfindahl-Hirschman Index 26
Wgt avg mkt cap (mns)$73,476
Large cap (>$10bn)78.2%
Mid cap ($2-10bn)14.0%
Small cap (<$2bn)3.2%
Developed mkts.91.2%
Emerging mkts.4.4%
Country Exposure
JAPAN 21.0 %
BRITAIN 11.2 %
CANADA 8.9 %
GERMANY 7.6 %
FRANCE 7.5 %
SWITZERLAND 7.5 %
AUSTRALIA 5.8 %
SOUTH KOREA 4.4 %
NETHERLANDS 3.6 %
SWEDEN 2.8 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 18.6% 15.4% 11.5% 12.0% 8.0% 3.7% -- 1.2%
Dividend Yield 0.0% 0.0% 1.6% 2.2% 2.6% 2.7% -- 2.6%
Total Returns 18.6% 15.4% 13.1% 14.2% 10.5% 6.4% -- 3.8%
Ann. Volatility 20.1% 17.5% 15.1% 16.4% 16.4% 17.5% -- 22.0%
Market Correlations
versus...BetaR-squared
S&P 5000.8767%
MSCI EAFE0.9381%
MSCI Emg Mkts0.7657%
Liquidity Measures
Avg. volume (000)3,539
ADV traded (mns)$143
Turnover0.5%
Avg. Bid/Ask (% of price)0.03%
Technical Indicators
Recent close$40.42
30d moving avg.$40.08
Annualized volatility17.0%
Relative strength (RSI)61
Short interest0.3%
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: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 7/9/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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

7.2%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 259 funds in the International Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 1.8%. SPDW's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places SPDW in the 49th 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
(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 0.0 3
Peer Avg. 27.3 14.7 42.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .