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 fund issued by State Street Investment Management. With assets under management totaling $40.3 billion and a share price of $49.31, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #23 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B+ with a score of 78.7 out of 100. The fund offers a low-cost structure with an expense ratio of just 0.03% while providing a dividend yield of 3.02%. Within the International Developed category, which contains 22 ETFs tracked by ETFValuer, SPDW maintains a prominent position relative to its peers. The combination of substantial assets and a high overall rank suggests strong market acceptance for this specific investment vehicle.

Short-term performance shows mixed results with a 1-day decline of -0.56% followed by a 1-week gain of +0.49%. Over the past month, the fund recorded a return of -1.87%, yet it has recovered to post a 3-month return of +3.09%. The upward trajectory continues over longer horizons, with a 6-month return of +6.99% and a year-to-date gain of +11.30%. Annual performance has been robust, delivering a 1-year return of +23.30%, while the 3-year return stands at +62.60%. This pattern indicates a divergence where recent short-term volatility contrasts with sustained long-term growth. The fund's closest category peers, EFV and SCHF, reported 1-year returns of +28.02% and +24.15% respectively.

SPDW carries a Moderate volatility label and exhibits a beta of 1.03, suggesting its price movements align closely with the broader market. The fund has experienced a maximum drawdown of -13.53%, indicating the largest peak-to-trough decline observed during the measurement period. A Sharpe ratio of 1.08 reflects the risk-adjusted returns generated relative to the volatility encountered. This combination of metrics implies that while the fund moves in tandem with market swings, it has delivered returns that compensate investors for the moderate level of risk taken. The data presents a profile where the fund participates fully in market movements while maintaining a favorable risk-adjusted return history.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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: 120.71 (as of 2026-07-24) — 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 0.96% and average daily volume is 3.3M/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 $40.3B 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