Skip to content
etf.net

CWI

GradeBNew York Stock Exchange Arca

State Street SPDR MSCI ACWI ex-US ETF

Broad Stock Market · SPDR · Inception 2007-01-10 · SEC filings

$40.85−0.68 (−1.64%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 41.53 to 40.85. Range 40.72 to 41.14. Use the arrow keys to read each point.$40.70$41.00$41.1010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$2.9B
1Y return
+22.9%
Yield · Last 12 months
2.63%
Holdings
1094
Volume · 30D
0.2M sh
NAV per share
$41.08
52W range
low $34.19high $41.97

The ETF.net CWI Grade

B

55/ 100

Rank 7 of 8 in Total International Market⁠

Confidence High

Six-pillar profile for CWI. Scores out of 100: Cost 34, Risk 54, Mission 100, Tradability 37, Holdings 45, Durability 48. Strongest: Mission (100). Weakest: Cost (34). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank6/8 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank2/7 · top 29%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank2/8 · top 25%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank6/8 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank7/8 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank6/8 · bottom quartile

Graded as of Sep 22, 2026

Our read on CWI

ETF.net Research

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

  1. 01Europe, 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
  2. 020.30% a year, against a 0.45% median for its index-tracking peer group.
  3. 03It hugs the MSCI ACWI ex USA Index closely, one of the tighter tracking records in its peer group.
  4. 04Live since 2007 with a multi-billion-dollar asset base behind it, run by State Street's SPDR desk.

Worth knowing

  1. 01Cheap 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.
  2. 02Emerging 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
  3. 03Distributions land once or twice a year, so income shows up in lumps rather than a monthly drip.

CWI Holdings

As of Sep 21, 2026, 3:48 PM
Asset class
Stocks
Holdings
1,094
Top-10 weight
16%
Largest holding
2330.TW3.2%

Sectors

  • Financials26.5%
  • Technology22.9%
  • Industrials11.2%
  • Consumer Discr.7.7%
  • Health Care7.3%
  • Energy7.2%
  • Materials6.4%
  • Communication4.4%
  • Cons. Staples3.5%
  • Utilities1.8%
  • Real Estate1.2%

Geography

  • Japan21.05%
  • Canada14.03%
  • Taiwan (Province of China)12.28%
  • United States8.41%
  • Switzerland7.78%
  • China7.11%
  • Australia5.54%
  • United Kingdom3.45%
  • Other countries (28)20.34%

Developed 73% · Emerging 27% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 76.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFAC3.23%1,197,000$93M175
002SMSNSAMSUNG ELECTR GDR REG S2.46%15,215$71M4
003A000660SK HYNIX INC1.98%42,231$57M8
004TSMTAIWAN SEMICONDUCTOR SP ADR1.80%118,691$52M268
005ASMLASML HOLDING NV1.75%30,408$51M199
006HSBAHSBC HOLDINGS PLC0.99%1,408,952$29M10
007RY.TOROYAL BANK OF CANADA0.87%122,802$25M92
0080700.HKTENCENT HOLDINGS LTD0.85%456,100$24M153
009ROP.SWROCHE HOLDING AG0.85%56,065$24M196
010—NEW TAIWAN DOLLAR0.84%765,719,799$24M27
011—US DOLLAR0.78%22,441,809$23M223
012SHELSHELL PLC0.72%436,039$21M65
0138306.TMITSUBISHI UFJ FINANCIAL GRO0.70%870,400$20M155
014NOVN.SWNOVARTIS AG REG0.69%141,339$20M183
015AZNASTRAZENECA PLC0.67%115,109$19M68

Showing 1–15 of 1134 holdings

CWI Performance

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

CWI$12,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CWI $12,293. SPY $11,723. Use the arrow keys to read each point.$9,301$10,967$12,632Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+17.0%
1 month+0.0%
3 months+0.5%
1 year+22.9%
3 years+21.5%per year
5 years+10.2%per year
10 years+9.5%per year

As of the close, 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+17.0%
2025+32.7%
2024+6.3%
2023+15.7%
2022−15.4%
2021+8.8%
2020+9.8%

CWI in the news

ETF.net Research hasn’t filed on CWI yet — coverage lands here as it’s written.

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 Sep 22, 2026.
2.63%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

CWI Risk

How much the fund’s monthly returns vary, scaled to a year.
11.9%
Annualised · 36 months to Aug 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.
1.25
vs 3-month T-bills · to Aug 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.

CWI Cost

Expense ratio0.30%
  • The middle half of Total International Market funds
  • Median 0.23%

5 of the 8 Total International Market funds charge less.

CWI costs $30.00 a year on $10,000. The median Total International Market fund costs $23.00.