Average Daily Volume
4.37M
Fund Overview
The SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund that provides investors with exposure to developed international markets outside the United States. The fund seeks to track the performance of the S&P Developed Ex-U.S. BMI Index, which includes large-, mid-, and small-cap equities from developed countries such as Japan, the United Kingdom, Canada, and others. SPDW offers a cost-effective way to diversify a portfolio internationally, capturing broad market performance across multiple sectors and industries. With a focus on developed economies, the fund excludes emerging markets, providing a more stable investment option compared to broader international ETFs that include higher-risk regions.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 2.60 %
- Currency Hedged
-
No
- Portfolio Turnover
-
2 %
- Dividend Date
-
Why Invest in the SPDW ETF?
Potential Benefits
- Provides diversified exposure to developed international markets outside the U.S., reducing geographic concentration risk.
- Low expense ratio compared to many actively managed international funds, making it cost-efficient for long-term investors.
- Tracks a broad index (S&P Developed Ex-U.S. BMI Index), offering comprehensive market coverage across large-, mid-, and small-cap stocks.
- Liquidity and transparency typical of SPDR ETFs, allowing for easy trading and portfolio adjustments.
Potential Risks
- Exposure to currency fluctuations, as the fund holds non-U.S. denominated assets.
- Political and economic risks in developed markets, though generally lower than in emerging markets, can still impact performance.
- Market volatility may be higher than U.S.-focused ETFs due to varying economic conditions across different countries.
- Dividend withholding taxes in some countries may reduce overall returns for U.S. investors.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+5.8%
|
+6.2%
|
-8.5%
|
+7.3%
|
+4.5%
|
-0.1%
|
-0.7%
|
+3.3%
|
-2.9%
|
+0.7%
|
-
|
-
|
| 2025 |
+4.4%
|
+2.2%
|
-0.1%
|
+4.0%
|
+5.2%
|
+3.4%
|
-1.4%
|
+4.6%
|
+2.5%
|
+1.7%
|
+0.8%
|
+3.1%
|
| 2024 |
-1.0%
|
+2.9%
|
+3.5%
|
-3.3%
|
+4.7%
|
-1.6%
|
+3.0%
|
+2.9%
|
+1.1%
|
-5.0%
|
+0.4%
|
-3.4%
|
| 2023 |
+9.2%
|
-3.5%
|
+2.7%
|
+2.5%
|
-3.7%
|
+4.5%
|
+3.2%
|
-4.0%
|
-3.8%
|
-3.5%
|
+8.8%
|
+5.6%
|
| 2022 |
-4.1%
|
-2.6%
|
+0.6%
|
-7.1%
|
+2.0%
|
-9.4%
|
+5.3%
|
-5.8%
|
-9.9%
|
+6.0%
|
+12.6%
|
-2.4%
|
| 2021 |
-0.4%
|
+2.6%
|
+2.5%
|
+3.1%
|
+3.5%
|
-1.1%
|
+0.3%
|
+1.4%
|
-3.2%
|
+3.2%
|
-4.7%
|
+4.2%
|
| 2020 |
-2.8%
|
-7.7%
|
-14.8%
|
+6.9%
|
+5.4%
|
+3.5%
|
+2.5%
|
+5.1%
|
-1.7%
|
-3.3%
|
+14.2%
|
+5.4%
|
| 2019 |
+7.6%
|
+2.2%
|
+0.4%
|
+2.7%
|
-5.2%
|
+6.1%
|
-2.0%
|
-1.9%
|
+3.2%
|
+3.2%
|
+1.4%
|
+3.4%
|
| 2018 |
+4.8%
|
-5.0%
|
-0.4%
|
+1.4%
|
-1.6%
|
-1.4%
|
+2.1%
|
-1.7%
|
+0.8%
|
-8.8%
|
+0.9%
|
-5.5%
|
| 2017 |
+3.6%
|
+1.2%
|
+2.9%
|
+2.1%
|
+3.6%
|
+0.6%
|
+2.8%
|
-0.2%
|
+2.7%
|
+1.7%
|
+0.8%
|
+1.6%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
SSNHZ
|
SAMSUNG ELECTRONICS CO LTD DR |
0.8 % |
|
RY
|
ROYAL BANK OF CANADA |
0.7 % |
|
BMO
|
BANK OF MONTREAL |
0.3 % |
|
CP
|
CANADIAN PACIFIC KANSAS CITY LTD |
0.3 % |
|
CNQ
|
CANADIAN NATURAL RESOURCES LTD |
0.3 % |
|
BNS
|
BANK OF NOVA SCOTIA |
0.3 % |
|
MFC
|
MANULIFE FINANCIAL CORP |
0.3 % |
|
SU
|
SUNCOR ENERGY INC |
0.2 % |
|
AEM
|
AGNICO EAGLE MINES LTD |
0.2 % |
|
CM
|
CANADIAN IMPERIAL BANK OF COMMERCE |
0.2 % |
Top 10 holdings shown, out of 2 total holdings.
Related ETFs: SPDW vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SPDW aims to track the performance of the S&P Developed Ex-U.S. BMI Index, a market-cap-weighted index that includes equities from developed countries outside the United States. The index methodology ensures broad representation across large-, mid-, and small-cap stocks, providing comprehensive exposure to developed international markets. The fund primarily holds common stocks of companies listed in countries such as Japan, the U.K., Canada, and others. SPDW is passively managed, meaning it seeks to replicate the index rather than outperform it. The fund is rebalanced periodically to align with the index's composition, typically on a quarterly basis.
Frequently Asked Questions
What countries are included in SPDW?
SPDW includes developed markets outside the U.S., such as Japan, the U.K., Canada, France, Germany, and others. It excludes emerging markets.
Does SPDW pay dividends?
Yes, SPDW pays dividends, which are typically distributed quarterly. However, non-U.S. dividend withholding taxes may apply.
How does SPDW differ from SPEM?
SPDW focuses on developed markets, while SPEM (SPDR Portfolio Emerging Markets ETF) targets emerging markets, which are generally higher risk but offer higher growth potential.
Is SPDW a good option for long-term investors?
Yes, SPDW's low cost and broad diversification make it suitable for long-term investors seeking international exposure to developed markets.
Industry Overview
The SPDR Portfolio Developed World ex-US ETF (SPDW) is part of the international equity ETF category, which focuses on providing exposure to developed markets outside the United States. Investing in developed international markets can offer diversification benefits, as these economies often have different growth cycles compared to the U.S. The fund includes exposure to sectors such as financials, healthcare, industrials, and consumer goods, spread across countries like Japan, the U.K., and Canada. While developed markets are generally more stable than emerging markets, they still carry risks related to currency movements, geopolitical events, and varying regulatory environments. SPDW is a suitable option for investors looking to balance their portfolios with international diversification while avoiding the higher volatility of emerging markets.
Alternative Comparison
Compared to its peers like EFA and VEA, SPDW stands out for its lower expense ratio, making it a cost-effective choice for investors seeking developed international exposure. While EFA tracks the MSCI EAFE Index and VEA follows the FTSE Developed All Cap ex U.S. Index, SPDW's underlying index (S&P Developed Ex-U.S. BMI) includes small-cap stocks, offering slightly broader market coverage. Unlike some competitors that may use sampling techniques, SPDW aims for full replication of its index, providing more precise tracking. However, investors should note that all three funds share similar geographic and sector exposures, with minor differences in weightings and holdings.
Issuer Overview
SPDW is issued by State Street Global Advisors (SSGA), one of the largest ETF providers globally. SSGA is known for its SPDR ETF family, which includes a wide range of funds covering various asset classes and investment strategies. The firm emphasizes low-cost, index-based investing, making its ETFs popular among both individual and institutional investors. SSGA's extensive experience in managing international and domestic ETFs adds credibility to SPDW's structure and performance.
Conclusion
SPDW is a solid choice for investors looking to diversify their portfolios with exposure to developed international markets. Its low expense ratio, broad index coverage, and the reputation of State Street Global Advisors make it a competitive option in the international equity ETF space. While it carries risks associated with currency fluctuations and geopolitical factors, its focus on stable developed economies provides a balanced approach to international investing. Investors should consider their risk tolerance and overall portfolio strategy when evaluating SPDW as part of their asset allocation.
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