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EWX

GradeBNew York Stock Exchange Arca

State Street SPDR S&P Emerging Markets Small Cap ETF

Broad Stock Market · SPDR · Inception 2008-05-12 · SEC filings

$71.97−0.95 (−1.31%)

As of Sep 23, 2026, 3:06 PM EDT

Intraday session: down, 34 prints from 72.92 to 71.97. Range 71.82 to 72.55. Use the arrow keys to read each point.$71.80$72.20$72.40$72.6010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$678M
1Y return
+10.1%
Yield · Last 12 months
2.53%
Holdings
3541
Volume · 30D
0M sh
NAV per share
$72.95
52W range
low $64.18high $76.61

The ETF.net EWX Grade

B

59/ 100

Rank 14 of 22 in Emerging Markets Stocks⁠

Confidence High

Six-pillar profile for EWX. Scores out of 100: Cost 33, Risk 48, Mission 84, Tradability 56, Holdings 90, Durability 79. Strongest: Holdings (90). Weakest: Cost (33). Leans toward Holdings and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 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 33
    Category rank16/22 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 84
    Category rank12/17 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank13/22 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank8/22 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 90
    Category rank1/19 · top 5%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 79
    Category rank6/22 · top 27%

Graded as of Sep 22, 2026

Our read on EWX

ETF.net Research

BEmerging markets, minus the giants. EWX tracks an index capped at companies under $2 billion in market value, spreading across roughly 3,400 names. The local small-cap slice of EM, not the state-backed mega caps.

Stated mandate

The fund seeks to track the total return of the S&P Emerging Under USD2 Billion Index and provide exposure to small-capitalization equities from emerging countries.

Why people hold it

  1. 01The mandate is literal: nothing above $2 billion in market value gets in, so you own local operators instead of the mega caps that anchor standard EM indexes.ssga.com
  2. 02Roughly 3,400 holdings across the developing world. No single stock carries this fund, which matters in a corner of the market where research coverage is thin.
  3. 03Running since 2008, and it has tracked its benchmark closely, the hard half of the job when your index spans thousands of small caps in dozens of currencies.

Worth knowing

  1. 01At 0.65% a year it costs more than the typical emerging-markets fund. Indexing thousands of small foreign stocks is expensive work, and you pay for it every year.
  2. 02Thinly traded. Spreads can widen, so order type and time of day matter more here than with a mega-cap EM fund such as BKEM or VEXC.
  3. 03EM small caps live off local economies and currencies, which tends to mean bigger swings than a broad EM fund built on multinationals. Payouts come once or twice a year.

EWX Holdings

As of Sep 21, 2026, 3:50 PM
Asset class
Stocks
Holdings
3,541
Top-10 weight
2%
Largest holding
83580.3%

Sectors

  • Technology26.3%
  • Industrials19.4%
  • Materials11.4%
  • Consumer Discr.10.7%
  • Financials7.7%
  • Health Care7.1%
  • Real Estate5.8%
  • Cons. Staples5.3%
  • Utilities2.5%
  • Communication2.1%
  • Energy1.8%

Geography

  • Taiwan32.29%
  • India18.54%
  • China17.73%
  • Malaysia4.08%
  • South Africa3.63%
  • Saudi Arabia3.39%
  • Turkey3.23%
  • Brazil3.16%
  • Other countries (22)13.96%

Developed 2% · Emerging 98% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 237.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0018358CO TECH DEVELOPMENT CORP0.30%125,076$2M4
002FFBFORTRESS REAL EST INV LTD B0.18%765,693$1M3
0031815FULLTECH FIBER GLASS CORP0.18%308,172$1M3
004AVIAVI LTD0.17%221,497$1M2
0051368.HKXTEP INTERNATIONAL HOLDINGS0.17%2,551,187$1M47
006NINDNATIONAL INDUSTRIES GRP HOLD0.17%1,435,253$1M2
0072371.TWTATUNG CO LTD0.17%1,186,000$1M45
0088021.TWTOPOINT TECHNOLOGY CO LTD0.16%74,313$1M18
009ALPEK AALPEK SA DE CV0.16%1,220,116$1M1
010ADHADVTECH LTD0.16%331,884$1M2
011KTLEVKATILIMEVIM TASARRUF FINANSM0.16%2,306,795$1M1
0122666.HKGENERTEC UNIVERSAL MEDICAL G0.15%1,775,636$1M31
013CROMPTON.NSCROMPTON GREAVES CONSUMER EL0.15%418,063$1M8
0143211DYNAPACK INTERNATIONAL TECH0.15%85,000$1M2
015BURSABURSA MALAYSIA BHD0.14%451,047$947K4

Showing 1–15 of 3544 holdings

EWX Performance

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

EWX$11,008
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. EWX $11,008. SPY $11,723. Use the arrow keys to read each point.$9,331$10,636$11,942Sep 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 EWX. Periods over one year show the average yearly return.
PeriodEWX
Year to date+11.9%
1 month+1.1%
3 months−4.6%
1 year+10.1%
3 years+13.8%per year
5 years+7.1%per year
10 years+8.2%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 EWX
YearReturn barEWX
2026 YTD+11.9%
2025+15.4%
2024+6.8%
2023+18.2%
2022−15.0%
2021+18.2%
2020+14.9%

EWX in the news

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

EWX 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.
2.53%Last 12 months
Payout per share
$1.84Last 12 months
Last payment
$0.57 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 $0.16; Dec 15, 2017 $1.04; Jun 15, 2018 $0.44; Dec 24, 2018 $0.89; Jun 24, 2019 $0.42; Dec 23, 2019 $0.84; Jun 22, 2020 $0.35; Dec 21, 2020 $0.81; Jun 21, 2021 $0.45; Dec 20, 2021 $1.19; Jun 21, 2022 $0.63; Dec 20, 2022 $0.83; Jun 20, 2023 $0.48; Dec 18, 2023 $0.83; Jun 24, 2024 $0.45; Dec 23, 2024 $1.25; Jun 23, 2025 $0.64; Dec 22, 2025 $1.27; Jun 22, 2026 $0.57. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 26, 2026$0.57
Dec 22, 2025Dec 29, 2025$1.27
Jun 23, 2025Jun 27, 2025$0.64
Dec 23, 2024Dec 30, 2024$1.25
Jun 24, 2024Jun 28, 2024$0.45
Dec 18, 2023Dec 27, 2023$0.83
Jun 20, 2023Jun 27, 2023$0.48
Dec 20, 2022Dec 29, 2022$0.83
Jun 21, 2022Jun 28, 2022$0.63
Dec 20, 2021Dec 28, 2021$1.19
Jun 21, 2021Jun 28, 2021$0.45
Dec 21, 2020Dec 29, 2020$0.81

EWX Risk

How much the fund’s monthly returns vary, scaled to a year.
14.2%
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.
0.65
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.
−24.0%
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.
0.72
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.

EWX Cost

Expense ratio0.65%
  • The middle half of Emerging Markets Stocks funds
  • Median 0.56%

12 of the 21 Emerging Markets Stocks funds charge less.

EWX costs $65.00 a year on $10,000. The median Emerging Markets Stocks fund costs $56.00.