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Launched · SEC filings

State Street SPDR MSCI ACWI ex-US ETF

CWINYSE ArcaSPDRB

$39.91+0.80 (+2.05%)

At close: Nov 4, 2026, 4:00 PM ET

B57/ 100

Rank 7 of 8 in Total International Market

B57/100Rank 7 of 8inTotal International Market
Intraday session: up, 79 prints from 39.11 to 39.91. Range 39.76 to 40.02. Use the arrow keys to read each point.39.4039.6039.8010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$2.85B
1Y total return
+12.9%
Yield · Last 12 months
2.79%
Holdings
1135
Avg volume · 30D
274K sh
52W range
low $34.19high $41.97
Launched
Filings
SEC EDGAR

The ETF.net CWI Grade

B

Score 57 out of 100

Category
Total International Market⁠
Rank
7 of 8
Six-pillar profile for CWI. Scores out of 100: Cost 34, Risk 55, Mission 100, Tradability 48, Holdings 44, Durability 48. Strongest: Mission (100). Weakest: Cost (34). Leans toward Mission.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D34 out of 100
    Rank 6 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 1 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 6 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 7 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 6 of 8

Our read on CWI

ETF.net Research

In short

BEverything outside America in one ticker. Since 2007, CWI has tracked the MSCI ACWI ex USA Index, folding developed and emerging markets into roughly 1,100 stocks, at a price below the typical index tracker in its group.

Stated mandate

The fund seeks to track, before fees and expenses, the total return performance of the MSCI ACWI ex USA Index while providing access to developed and emerging-market countries outside the United States.

Why people hold it

  • Europe, Japan and emerging markets arrive in a single trade. No bolting an EM fund onto a developed-markets one to cover the map.ssga.com
  • 0.30% a year, against a 0.45% median for its index-tracking peer group.
  • It hugs the MSCI ACWI ex USA Index closely, one of the tighter tracking records in its peer group.
  • Live since 2007 with a multi-billion-dollar asset base behind it, run by State Street's SPDR desk.

Worth knowing

  • Cheap for its cohort, not at the floor. VT charges 0.06% for a whole-world portfolio, though that one keeps US stocks in the mix.
  • Emerging markets ride in the same wrapper as Europe and Japan. That exposure comes as part of the package, with no dial to turn it down.ssga.com
  • Distributions land once or twice a year, so income shows up in lumps rather than a monthly drip.

CWI Performance

Launched Jan 10, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CWI$11,291
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. CWI $11,291. SPY $11,158. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CWI. Periods over one year show the average yearly return.
PeriodCWI
Year to date+10.2%
1 month−3.8%
3 months−3.2%
1 year+12.9%
3 yearsper year+19.1%
5 yearsper year+8.4%
10 yearsper year+9.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CWI
YearReturn barCWI
2026 YTD+10.2%
2025+32.7%
2024+6.3%
2023+15.7%
2022−15.4%
2021+8.8%
2020+9.8%

CWI in the news

CWI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 3, 2026.
2.79%Last 12 months
Payout per share
$1.09Last 12 months
Last payment
$0.47 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.30; Dec 15, 2017 $0.29; Jun 1, 2018 $0.31; Dec 21, 2018 $0.31; Jun 3, 2019 $0.39; Dec 20, 2019 $0.39; Jun 1, 2020 $0.27; Dec 18, 2020 $0.30; Jun 1, 2021 $0.32; Dec 17, 2021 $0.46; Jun 1, 2022 $0.41; Dec 16, 2022 $0.35; Jun 1, 2023 $0.41; Dec 15, 2023 $0.35; Jun 3, 2024 $0.42; Dec 18, 2024 $0.39; Jun 2, 2025 $0.45; Nov 25, 2025 $0.62; Jun 1, 2026 $0.47. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 1, 2026Jun 5, 2026$0.47
Nov 25, 2025Dec 2, 2025$0.62
Jun 2, 2025Jun 6, 2025$0.45
Dec 18, 2024Dec 24, 2024$0.39
Jun 3, 2024Jun 7, 2024$0.42
Dec 15, 2023Dec 22, 2023$0.35
Jun 1, 2023Jun 8, 2023$0.41
Dec 16, 2022Dec 23, 2022$0.35
Jun 1, 2022Jun 8, 2022$0.41
Dec 17, 2021Dec 27, 2021$0.46
Jun 1, 2021Jun 8, 2021$0.32
Dec 18, 2020Dec 24, 2020$0.30

See all 37 payments⁠

$10,000 in CWI 10 years ago paid $3,575 in dividends.⁠

CWI Risk

Risk pillarB55 out of 100Rank 1 of 8 in Total International Market
How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.31
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.4%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.97
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CWI Cost

Compare CWI and VEU

Overpaying vs VEU, cheapest in Total International Market

$5,300

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CWI 0.30%

    $6,149

  • VEU 0.04% Cheapest

    $849

$10,000
30 years

Cost over time

  • CWI 0.30%
  • VEU 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530CWI $6,149VEU $849

Year by year

YearCWIVEUOverpaying
10$545$73$472
20$2,113$288$1,825
30$6,149$849$5,300

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