SPDW — State Street SPDR Portfolio Developed World ex-US ETF

SPDW Price Performance — Growth of $10,000

Value of a $10,000 investment in SPDW 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.

SPDW Drawdown

The "underwater" chart: SPDW'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 Portfolio Developed World ex-US ETF is an International Developed fund managed by State Street Investment Management with $41.1 billion in assets. It holds a B+ grade and ranks 5th out of 22 peers in its category, while sitting at #31 overall among 458 tracked ETFs. The fund’s 0.03% expense ratio is significantly below the category median of 0.165%, offering a cost advantage. Its 3.03% dividend yield is slightly lower than the category median of 3.06%. The top ten holdings represent 15.1% of assets, with Samsung Electronics Co Ltd as the largest single position at 3.0%.

The ETF has delivered a 1-year return of +18.04%, outperforming the category median of +12.19%. Short-term performance shows a divergence, with a 1-month decline of -4.09% contrasting against a year-to-date gain of +12.74%. The price of $49.95 sits at 76.2% of its 52-week range, indicating it is near the higher end of recent trading levels. The B+ rating has remained unchanged over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the long-term track record visibility.

With a beta of 1.05, the fund moves slightly more than the broader market. Annualized volatility stands at 17.52%, which is labeled as Moderate. The Sharpe ratio of 0.74 suggests reasonable risk-adjusted returns relative to the risk taken. Maximum drawdown has reached -13.53%, indicating the largest peak-to-trough decline recorded. Liquidity is supported by an average daily volume of 2,684,889 shares, facilitating easy entry and exit.

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

SPDW Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.1% 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 SPDW's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPDW

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPDW's top 10 — SCHF overlaps most, holding 9 of the same companies as SPDW's top 10 (13.3% of SPDW'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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.38 (as of 2026-10-02) — 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.

SPDW Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $41.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPDW 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.

SPDW Performance History

How SPDW Compares to Other International Developed ETFs