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

Overview

The State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an International Developed fund managed by State Street Investment Management with $40.3 billion in assets under management. Trading at a price of $49.75, the fund holds an overall rank of #11 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B+ with a score of 80.3. Investors benefit from a low expense ratio of 0.03% and a dividend yield of 3.02%. The substantial asset size and high ranking suggest significant investor adoption relative to the 5 other ETFs tracked in this specific category. This combination of low cost and strong performance metrics positions the fund as a prominent option within the international developed equity space.

Over the short term, the fund experienced declines of -0.66% in one day and -1.27% over one week before recovering to a 2.28% gain in the last month. Medium-term returns show acceleration, with the fund posting an 8.83% gain over three months and a 10.93% increase over six months. Year-to-date performance stands at +12.29%, while the one-year return has reached +27.96%. The long-term trajectory is even more pronounced, with a three-year return of +62.73% indicating sustained growth over the extended period. This pattern demonstrates a shift from recent short-term volatility to consistent positive momentum across the one-year and three-year horizons.

The fund carries a Moderate volatility label and a beta of 1.03, indicating that its price movements generally align with or slightly exceed the broader market's fluctuations. A Sharpe ratio of 1.36 suggests the fund has generated a favorable amount of return per unit of risk taken over the measured period. Despite the positive risk-adjusted returns, the maximum drawdown of -13.53% highlights the potential for significant temporary losses during market downturns. The combination of a beta slightly above 1.0 and a moderate volatility rating implies the fund is sensitive to market swings while maintaining a relatively efficient risk profile. Investors should note that while the Sharpe ratio reflects strong historical compensation for risk, the max drawdown figure serves as a reminder of the downside exposure inherent in this asset class.

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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 120.69 (as of 2026-07-02) — 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 Performance History

How SPDW Compares to Other International Developed ETFs