GWX — State Street SPDR S&P International Small Cap ETF

GWX Price Performance — Growth of $10,000

Value of a $10,000 investment in GWX over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GWX Drawdown

The "underwater" chart: GWX's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P International Small Cap ETF (GWX) is an International Developed fund managed by State Street Investment Management with $869 million in assets under management. Trading at $43.25 per share, the fund carries an expense ratio of 0.4% and offers a dividend yield of 2.74%. It currently holds an overall rank of #296 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of C with a score of 57.1 out of 100. Within its specific category of 22 ETFs tracked by ETFValuer, the fund's position reflects a mid-tier standing relative to its peers. The asset size of $869 million suggests a moderate level of investor adoption compared to larger industry benchmarks. This combination of cost, yield, and ranking provides a baseline profile for investors evaluating small-cap international exposure.

Recent performance data shows a short-term decline with a 1-day return of +0.51% and a 1-week gain of +0.60%, followed by a 1-month drop of -0.44%. Over the longer term, the fund posted a 3-month return of -2.68% before recovering to +1.08% over six months. Year-to-date performance stands at +6.10%, while the 1-year return has reached +15.83%. The 3-year return figure is notably higher at +47.37%, indicating a divergence between recent shorter-term results and the longer-term trend. This pattern suggests a period of recent volatility that contrasts with the stronger cumulative gains observed over the three-year horizon.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.12, indicating it tends to move slightly more than the broader market. A Sharpe ratio of 0.65 suggests the fund has generated returns relative to the risk taken, though this metric is lower than the high returns seen over the 3-year period. The maximum drawdown of -14.73% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a moderate volatility rating implies the fund amplifies market movements while maintaining a risk profile that is neither extreme nor conservative. Investors should consider that the -14.73% drawdown represents the peak-to-trough decline experienced during the measured period.

AI-generated summary based on the data on this page.

GWX Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how GWX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With GWX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with GWX's top 10 — SPDW overlaps most, holding 1 of the same companies as GWX's top 10 (9.4% of GWX's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

GWX Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.23% and average daily volume is 73K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $869M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GWX is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GWX Performance History

How GWX Compares to Other International Developed ETFs