SPDR Portfolio Developed World ex-US ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
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 |
Category | International Equities |
Fund Sponsor | SSGA Funds Management Inc |
Website | www.spdrs.com |
Inception date | Apr 20, 2007 |
Assets (mns) | $9,575 |
Currency | USD |
Expense ratio | 4 bp |
Distributions | Semi-Annually |
Regulation | Open-Ended Fund |
Custodian | State Street Bank & Trust |
Weighting | Market Cap |
Index replication | Optimized |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 2201 |
Wgt avg mkt cap (mns) | $65,340 |
Large cap (>$10bn) | 77.8% |
Mid cap ($2-10bn) | 17.4% |
Small cap (<$2bn) | 3.8% |
Developed mkts | 93.6% |
Emerging mkts | 6.3% |
SAMSUNG ELECTR-GDR REGS | 1.7 % |
NESTLE SA-REG | 1.3 % |
ROCHE HOLDING AG-GENUSSCHEIN | 1.1 % |
ASML HOLDING NV | 1.1 % |
NOVARTIS AG-REG | 1.0 % |
TOYOTA MOTOR CORP | 0.7 % |
LVMH MOET HENNESSY LOUIS VUI | 0.7 % |
AIA GROUP LTD | 0.7 % |
ASTRAZENECA PLC | 0.6 % |
SOFTBANK GROUP CORP. | 0.6 % | Total | 9.6 % |
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JAPAN | 22.5 % |
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BRITAIN | 11.2 % |
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CANADA | 8.2 % |
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SWITZERLAND | 7.7 % |
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FRANCE | 7.3 % |
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GERMANY | 7.0 % |
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SOUTH KOREA | 6.0 % |
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AUSTRALIA | 6.0 % |
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NETHERLANDS | 3.6 % |
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SWEDEN | 3.0 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
9.9% | 9.9% | 8.4% | 5.5% | 2.9% |
versus... | Beta | R-squared |
S&P500 | 0.90 | 84% |
MSCI EAFE | 0.98 | 98% |
MSCI Emg. Mkts. | 0.77 | 79% |
Recent close | $34.92 |
30d moving avg. | $34.19 |
Annualized volatility | 18.4% |
Short interest (ETF) | 0.9% |
Relative strength (RSI) | 61 |
Avg. volume (thou.) | 2,344 |
Turnover | 0.9% |
Bid/Ask (% of price) | 0.03% |
ADV underlying (mns) | $99,706 |
FINDING ALTERNATIVE FUNDS
Below is a list of 97 potential alternatives to the SPDR Portfolio Developed World ex-US ETF ETF based on the alternatives' overlap in portfolio holdings with SPDW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | SPDW | Expense: | 4 bp | ALTAR Score™: | 6.2% |
Ticker | Fund Name |
Overlap1 vs SPDW (%) |
Expense ratio (bp) |
Savings vs SPDW (bp) |
ALTAR Score™ (%) |
ALTAR vs SPDW (%) |
VEA | Vanguard FTSE Developed Markets ETF | 80.4 | 5 | -1 | 6.6 | +0.3 |
SCHF | Schwab International Equity ETF | 80.4 | 6 | -2 | 6.5 | +0.3 |
IDEV | iShares Core MSCI International Developed Markets ETF | 79.2 | 5 | -1 | 6.5 | +0.2 |
DFAI | Dimensional International Core Equity Market ETF | 76.7 | 18 | -14 | 6.4 | +0.2 |
PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 75.1 | 7 | -3 | 6.5 | +0.3 |
IEFA | iShares Core MSCI EAFE ETF | 74.9 | 7 | -3 | 6.5 | +0.3 |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 71.6 | 20 | -16 | 6.4 | +0.2 |
EFA | iShares MSCI EAFE ETF | 70.7 | 32 | -28 | 6.2 | +0.0 |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 70.1 | 35 | -31 | 6.1 | -0.2 |
GSID | Goldman Sachs MarketBeta International Equity ETF | 69.5 | 20 | -16 | 6.3 | +0.1 |
BKIE | BNY Mellon International Equity ETF | 68.9 | 4 | 0 | 6.6 | +0.4 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 67.0 | 32 | -28 | 6.3 | +0.1 |
VEU | Vanguard FTSE All-World ex-US Index Fund | 66.1 | 8 | -4 | 6.7 | +0.4 |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 66.1 | 20 | -16 | 6.4 | +0.2 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 65.1 | 40 | -36 | 6.1 | -0.2 |
CWI | SPDR MSCI ACWI ex-US ETF | 65.0 | 30 | -26 | 6.2 | -0.1 |
IXUS | ishares Core MSCI Total International Stock ETF | 63.6 | 9 | -5 | 6.4 | +0.2 |
VSGX | Vanguard ESG International Stock ETF | 62.1 | 17 | -13 | 6.3 | +0.1 |
PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 61.8 | 45 | -41 | 7.7 | +1.5 |
TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 60.3 | 39 | -35 | 7.4 | +1.2 |
JHMD | John Hancock Multifactor Developed International ETF | 60.1 | 39 | -35 | 6.6 | +0.4 |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 59.6 | 25 | -21 | 6.0 | -0.2 |
ESGD | iShares MSCI EAFE ESG Optimized ETF | 58.2 | 20 | -16 | 6.2 | -0.1 |
FNDF | Schwab Fundamental International Large Co. Index ETF | 57.4 | 25 | -21 | 7.7 | +1.5 |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 54.8 | 39 | -35 | 5.6 | -0.7 |
PDEV | Principal International Multi-Factor Core Index ETF | 54.8 | 25 | -21 | 7.1 | +0.9 |
QEFA | SPDR MSCI EAFE Quality Mix ETF | 53.3 | 30 | -26 | 6.0 | -0.3 |
IQSI | IQ Candriam ESG International Equity ETF | 53.0 | 15 | -11 | 6.4 | +0.2 |
VXUS | Vanguard Total International Stock ETF | 52.5 | 8 | -4 | 6.6 | +0.4 |
AVDE | Avantis International Equity ETF | 51.9 | 23 | -19 | 6.9 | +0.7 |
CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 50.5 | 35 | -31 | 6.0 | -0.3 |
ISZE | iShares Edge MSCI Intl Size Factor ETF | 49.0 | 30 | -26 | 6.3 | +0.1 |
CIL | VictoryShares International Volatility Weighted Index ETF | 48.0 | 45 | -41 | 6.4 | +0.1 |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 47.9 | 45 | -41 | 6.4 | +0.1 |
IEUR | iShares Core MSCI Europe ETF | 47.5 | 9 | -5 | 6.6 | +0.4 |
SPEU | SPDR Portfolio Europe ETF | 47.3 | 9 | -5 | 6.8 | +0.6 |
VGK | Vanguard FTSE Europe ETF | 47.1 | 8 | -4 | 6.8 | +0.6 |
ISDX | Invesco RAFI Strategic Developed ex-US ETF | 46.7 | 23 | -19 | 6.3 | +0.1 |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 46.6 | 40 | -36 | 7.2 | +1.0 |
DWM | WisdomTree International Equity Fund | 45.9 | 48 | -44 | 7.2 | +1.0 |
FLEE | Franklin FTSE Europe ETF | 44.6 | 9 | -5 | 6.5 | +0.2 |
FLEH | Franklin FTSE Europe Hedged ETF | 44.6 | 9 | -5 | 6.5 | +0.3 |
BBEU | JPMorgan BetaBuilders Europe ETF | 43.8 | 9 | -5 | 6.7 | +0.5 |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 43.3 | 45 | -41 | 6.0 | -0.2 |
IQIN | IQ 500 International ETF | 42.5 | 25 | -21 | 7.7 | +1.5 |
IEV | iShares Europe ETF | 42.5 | 59 | -55 | 6.3 | +0.0 |
ACSG | Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF | 41.5 | 16 | -12 | 6.0 | -0.3 |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 39.9 | 25 | -21 | 5.9 | -0.3 |
DOL | WisdomTree International LargeCap Dividend Fund | 39.9 | 48 | -44 | 7.2 | +0.9 |
DMXF | iShares ESG Advanced MSCI EAFE ETF | 39.6 | 12 | -8 | 6.2 | -0.0 |
EFV | iShares MSCI EAFE Value ETF | 39.4 | 39 | -35 | 8.4 | +2.2 |
EFG | iShares MSCI EAFE Growth ETF | 38.6 | 40 | -36 | 4.1 | -2.2 |
DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 37.1 | 24 | -20 | 6.5 | +0.3 |
EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 36.7 | 14 | -10 | 6.1 | -0.1 |
TPIF | Timothy Plan International ETF | 34.9 | 62 | -58 | 6.1 | -0.2 |
VPL | Vanguard FTSE Pacific ETF | 34.9 | 8 | -4 | 6.4 | +0.2 |
ESGG | FlexShares STOXX Global ESG Impact Index Fund | 34.4 | 42 | -38 | 4.6 | -1.6 |
PQIN | PGIM QMA Strategic Alpha International Equity ETF | 33.9 | 29 | -25 | 7.1 | +0.9 |
URTH | iShares MSCI World ETF | 33.1 | 24 | -20 | 5.0 | -1.3 |
VYMI | Vanguard International High Dividend Yield ETF | 32.6 | 27 | -23 | 9.0 | +2.8 |
RESD | WisdomTree International ESG Fund | 32.4 | 30 | -26 | 6.5 | +0.2 |
RNDM | First Trust Developed International Equity Select ETF | 31.7 | 65 | -61 | 5.7 | -0.5 |
QWLD | SPDR MSCI World StrategicFactors ETF | 31.7 | 30 | -26 | 5.4 | -0.9 |
IPAC | iShares Core MSCI Pacific ETF | 30.7 | 9 | -5 | 6.3 | +0.1 |
ACWI | iShares MSCI ACWI ETF | 29.9 | 32 | -28 | 5.0 | -1.2 |
IDLB | Invesco FTSE International Low Beta Equal Weight ETF | 29.6 | 45 | -41 | 6.1 | -0.1 |
VT | Vanguard Total World Stock ETF | 29.0 | 8 | -4 | 5.3 | -0.9 |
CRBN | iShares MSCI ACWI Low Carbon Target ETF | 28.9 | 20 | -16 | 5.3 | -0.9 |
IMTM | iShares Edge MSCI Intl Momentum Factor ETF | 28.7 | 30 | -26 | 4.1 | -2.1 |
IQLT | iShares Edge MSCI Intl Quality Factor ETF | 28.7 | 30 | -26 | 5.2 | -1.0 |
LOWC | SPDR MSCI ACWI Low Carbon Target ETF | 28.5 | 20 | -16 | 5.3 | -0.9 |
RBIN | Nationwide Risk-Based International Equity ETF | 27.7 | 42 | -38 | 6.0 | -0.2 |
TOK | iShares MSCI Kokusai ETF | 27.6 | 25 | -21 | 4.9 | -1.4 |
IVLU | iShares Edge MSCI Intl Value Factor ETF | 27.4 | 30 | -26 | 10.0 | +3.8 |
KOKU | Xtrackers MSCI Kokusai Equity ETF | 27.0 | 9 | -5 | 5.0 | -1.2 |
JPIN | JPMorgan Diversified Return International Equity ETF | 26.6 | 37 | -33 | 7.0 | +0.8 |
SPGM | SPDR Portfolio MSCI Global Stock Market ETF | 26.1 | 9 | -5 | 5.1 | -1.1 |
RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 25.7 | 29 | -25 | 7.3 | +1.1 |
QINT | American Century Quality Diversified International ETF | 25.5 | 39 | -35 | 5.7 | -0.6 |
EFAV | iShares Edge MSCI Min Vol EAFE ETF | 23.6 | 20 | -16 | 5.0 | -1.3 |
DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 23.5 | 45 | -41 | 6.0 | -0.2 |
NUDM | Nuveen ESG International Developed Markets Equity ETF | 23.2 | 40 | -36 | 5.9 | -0.3 |
VWID | Virtus WMC International Dividend ETF | 23.0 | 49 | -45 | 7.4 | +1.2 |
FDEV | Fidelity Targeted International Factor ETF | 22.4 | 39 | -35 | 6.2 | -0.1 |
UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 22.2 | 35 | -31 | 7.7 | +1.5 |
FLJP | Franklin FTSE Japan ETF | 21.7 | 9 | -5 | 6.5 | +0.3 |
FLJH | Franklin FTSE Japan Hedged ETF | 21.7 | 9 | -5 | 6.5 | +0.3 |
EZU | iShares MSCI Eurozone ETF | 21.7 | 51 | -47 | 6.0 | -0.2 |
EURZ | Xtrackers Eurozone Equity ETF | 21.3 | 9 | -5 | 6.6 | +0.3 |
BBJP | JPMorgan BetaBuilders Japan ETF | 20.7 | 19 | -15 | 6.4 | +0.1 |
ZJPN | SPDR Solactive Japan ETF | 20.5 | 14 | -10 | 6.5 | +0.2 |
EWJ | iShares MSCI Japan ETF | 20.3 | 51 | -47 | 6.0 | -0.2 |
DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 20.2 | 45 | -41 | 6.1 | -0.2 |
GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 20.1 | 25 | -21 | 6.2 | 0.0 |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility Id | 20.0 | 32 | -28 | 5.7 | -0.6 |
JPXN | iShares JPX-Nikkei 400 ETF | 20.0 | 48 | -44 | 6.2 | +0.0 |
JPN | Xtrackers Japan JPX-Nikkei 400 Equity ETF | 19.9 | 9 | -5 | 6.6 | +0.4 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
SPDR Portfolio Developed World ex-US ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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