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Launched · SEC filings

State Street SPDR S&P Emerging Markets Small Cap ETF

EWXNYSE ArcaSPDRB

$66.25−0.27 (−0.41%)

As of Nov 10, 2026, 11:04 AM ET

B60/ 100

Rank 12 of 22 in Emerging Markets Stocks

B60/100Rank 12 of 22inEmerging Markets Stocks
Intraday session: down, 17 prints from 66.52 to 66.25. Range 66.25 to 66.58. Use the arrow keys to read each point.66.3066.3566.4066.4510 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$606M
1Y total return
+2.2%
Yield · Last 12 months
2.77%
Holdings
3497
Avg volume · 30D
22.9K sh
52W range
low $64.18high $76.61
Launched
Filings
SEC EDGAR

The ETF.net EWX Grade

B

Score 60 out of 100

Category
Emerging Markets Stocks⁠
Rank
12 of 22
Six-pillar profile for EWX. Scores out of 100: Cost 33, Risk 50, Mission 85, Tradability 66, Holdings 82, Durability 79. Strongest: Mission (85). Weakest: Cost (33). No single pillar leads.

Score 60 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.
    D33 out of 100
    Rank 14 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A85 out of 100
    Rank 12 of 17

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 10 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 4 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 2 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 5 of 22

Our read on EWX

ETF.net Research

In short

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

  • The 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
  • Roughly 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.
  • Running 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

  • At 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.
  • Thinly 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.
  • EM 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 Performance

Launched May 12, 2008

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

EWX$10,223
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. EWX $10,223. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+2.1%
1 month−7.1%
3 months−6.9%
1 year+2.2%
3 yearsper year+10.8%
5 yearsper year+4.8%
10 yearsper year+7.7%

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+2.1%
2025+15.4%
2024+6.8%
2023+18.2%
2022−15.0%
2021+18.2%
2020+14.9%

EWX in the news

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 Nov 9, 2026.
2.77%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

See all 36 payments⁠

$10,000 in EWX 10 years ago paid $3,576 in dividends.⁠

EWX Risk

Risk pillarC50 out of 100Rank 10 of 22 in Emerging Markets Stocks
How much the fund’s monthly returns vary, scaled to a year.
15.0%
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.
0.49
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.
−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.

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

EWX Cost

Compare EWX and VEXC

Overpaying vs VEXC, cheapest in Emerging Markets Stocks

$11,237

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

  • EWX 0.65%

    $12,717

  • VEXC 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • EWX 0.65%
  • VEXC 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530EWX $12,717VEXC $1,480

Year by year

YearEWXVEXCOverpaying
10$1,163$128$1,035
20$4,440$503$3,937
30$12,717$1,480$11,237

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