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 (SPDW) is an international developed market fund, issued by State Street Investment Management. With an overall rank of #17 among 458 tracked ETFs, it is positioned as a mid-tier fund in terms of popularity. The expense ratio of 0.03% is relatively low, indicating efficient management, while the dividend yield of 3.02% offers a steady income stream for investors. The fund's price of $52.02 and assets under management (AUM) of $40.5B suggest strong investor adoption, as the fund has attracted significant capital despite its moderate ranking.

The performance of SPDW shows a mix of short-term and long-term trends. Over the past year, the fund has delivered a strong return of +28.42%, which is in line with its closest peers. However, in the shorter term, the 1-month return of +5.20% and the 1-week return of -0.25% indicate some volatility. The 1-day return of +0.79% suggests that the fund can experience daily fluctuations. The 3-month and 6-month returns of +4.80% and +6.86%, respectively, show a gradual acceleration in performance over the medium term. The year-to-date return of +17.42% and the 3-year return of +78.42% highlight the fund's strong growth trajectory, with the latter being particularly impressive.

The SPDW is categorized as having a moderate volatility label, which is reflected in its beta of 1.04, indicating that it tends to move in line with the market. The Sharpe ratio of 1.36 suggests that the fund provides a good risk-adjusted return, meaning that it offers a higher return per unit of risk taken. The maximum drawdown of -13.53% indicates that the fund has experienced a significant decline in value, but not as severe as some other funds. This combination of moderate volatility, a Sharpe ratio that indicates a good risk-adjusted return, and a manageable drawdown suggests that the fund is suitable for investors who are willing to accept some market risk in exchange for potentially higher returns. In up markets, the fund is likely to perform similarly to the broader market, while in down markets, it may experience similar losses but with a lower magnitude compared to more volatile funds.

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

SPDW Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.5% 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 (10.1% 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 118.90 (as of 2026-08-14) — 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: Quoted bid/ask spread is 0.02% and average daily volume is 2.9M/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 $40.5B 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