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GWX

GradeBNew York Stock Exchange Arca

State Street SPDR S&P International Small Cap ETF

Broad Stock Market · SPDR · Inception 2007-04-20 · SEC filings

$45.98−0.76 (−1.63%)

As of Sep 23, 2026, 2:18 PM EDT

Intraday session: down, 33 prints from 46.75 to 45.98. Range 45.80 to 46.75. Use the arrow keys to read each point.$46.40$46.8010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$931M
1Y return
+18.8%
Yield · Last 12 months
2.56%
Holdings
2066
Volume · 30D
0.1M sh
NAV per share
$46.09
52W range
low $38.17high $47.28

The ETF.net GWX Grade

B

69/ 100

Rank 7 of 16 in International Small-Cap⁠

Confidence High

Six-pillar profile for GWX. Scores out of 100: Cost 70, Risk 47, Mission 100, Tradability 40, Holdings 72, Durability 66. Strongest: Mission (100). Weakest: Tradability (40). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 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.
    AScore 70
    Category rank6/16 · top 38%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank3/11 · top 27%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank9/16 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank12/16 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 72
    Category rank5/16 · top 31%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank4/16 · top 25%

Graded as of Sep 22, 2026

Our read on GWX

ETF.net Research

BA 2007-vintage way to own the small stuff overseas: about 2,100 developed-market companies, filtered by a hard USD 2 billion size ceiling written right into the index name.

Stated mandate

The fund seeks to track, before fees and expenses, the total return performance of the S&P Developed Ex-U.S. Under USD2 Billion Index.

Why people hold it

  1. 01The size cut is absolute, not relative: developed ex-US companies under USD 2 billion, so the portfolio stays in genuinely small territory instead of drifting up with the market.ssga.com
  2. 02About 2,100 holdings spread across developed markets outside the US, so no single company or country carries the fund.
  3. 03Trading since 2007, it has one of the longer track records in international small caps, spanning the 2008 crash and everything since.
  4. 04A plain index tracker with no style drift: what it holds lines up with the mandate it advertises, and it sits in the upper half of its peer group.

Worth knowing

  1. 01The 0.40% fee sits right at the category median, but broad rivals like VSS and SCHC charge a fraction of that.
  2. 02Small foreign companies are a bumpy corner of the market, and the mandate says nothing about hedging, so the dollar moves your returns too.
  3. 03Moderately traded rather than a volume leader in its category, which can mean wider spreads than the busiest funds in the group.

GWX Holdings

As of Sep 21, 2026, 3:50 PM
Asset class
Stocks
Holdings
2,066
Top-10 weight
8%
Largest holding
US DOLLAR6.2%

Sectors

  • Industrials22.2%
  • Materials14.8%
  • Technology14.3%
  • Consumer Discr.11.6%
  • Financials8.7%
  • Health Care8.0%
  • Real Estate6.6%
  • Cons. Staples4.9%
  • Energy4.5%
  • Communication3.1%
  • Utilities1.3%

Geography

  • Japan38.03%
  • South Korea11.47%
  • Canada10.41%
  • Australia7.64%
  • United Kingdom6.98%
  • Sweden4.46%
  • Israel3.54%
  • Germany2.47%
  • Other countries (25)15.00%

Developed 84% · Emerging 16% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 139.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US DOLLAR6.23%61,710,906$74M223
002MGORMEGA OR HOLDINGS LTD0.27%16,963$3M4
003SNRSENIOR PLC0.23%574,286$3M3
004ORLOIL REFINERIES LTD0.21%2,868,834$2M1
005AUPHAURINIA PHARMACEUTICALS INC0.21%121,084$2M75
0066376.TNIKKISO CO LTD0.20%93,040$2M36
0076498.TKITZ CORP0.20%159,955$2M52
0084045.TTOAGOSEI CO LTD0.20%173,888$2M53
009558.SIUMS INTEGRATION LTD0.20%925,914$2M34
0107381.TCCI GROUP INC0.19%220,600$2M31
011A139130IM FINANCIAL GROUP CO LTD0.19%141,172$2M2
0128154.TKAGA ELECTRONICS CO LTD0.17%51,800$2M38
013RIT1REIT 1 LTD0.17%236,096$2M2
0149682.TDTS CORP0.16%229,948$2M51
0156101.TTSUGAMI CORP0.16%49,100$2M49

Showing 1–15 of 2072 holdings

GWX Performance

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

GWX$11,876
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. GWX $11,876. SPY $11,723. Use the arrow keys to read each point.$9,340$10,728$12,116Sep 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 GWX. Periods over one year show the average yearly return.
PeriodGWX
Year to date+15.8%
1 month+1.2%
3 months+4.5%
1 year+18.8%
3 years+19.6%per year
5 years+6.4%per year
10 years+7.5%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 GWX
YearReturn barGWX
2026 YTD+15.8%
2025+35.8%
2024+0.2%
2023+11.0%
2022−20.0%
2021+9.7%
2020+13.4%

GWX in the news

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

GWX 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.
2.56%Last 12 months
Payout per share
$1.19Last 12 months
Last payment
$0.53 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. 18 payments from 2017 to 2026 YTD. Dec 15, 2017 $1.84; Jun 15, 2018 $0.08; Dec 24, 2018 $0.74; Jun 24, 2019 $0.41; Dec 23, 2019 $0.68; Jun 22, 2020 $0.33; Dec 21, 2020 $0.29; Jun 21, 2021 $0.37; Dec 20, 2021 $0.67; Jun 21, 2022 $0.42; Dec 20, 2022 $0.38; Jun 20, 2023 $0.48; Dec 18, 2023 $0.36; Jun 24, 2024 $0.45; Dec 23, 2024 $0.39; Jun 23, 2025 $0.49; Dec 22, 2025 $0.67; Jun 22, 2026 $0.53. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 26, 2026$0.53
Dec 22, 2025Dec 29, 2025$0.67
Jun 23, 2025Jun 27, 2025$0.49
Dec 23, 2024Dec 30, 2024$0.39
Jun 24, 2024Jun 28, 2024$0.45
Dec 18, 2023Dec 27, 2023$0.36
Jun 20, 2023Jun 27, 2023$0.48
Dec 20, 2022Dec 29, 2022$0.38
Jun 21, 2022Jun 28, 2022$0.42
Dec 20, 2021Dec 28, 2021$0.67
Jun 21, 2021Jun 28, 2021$0.37
Dec 21, 2020Dec 29, 2020$0.29

GWX Risk

How much the fund’s monthly returns vary, scaled to a year.
15.4%
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.
0.86
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.
−33.6%
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.
1.10
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.

GWX Cost

Expense ratio0.40%
  • The middle half of International Small-Cap funds
  • Median 0.44%

5 of the 16 International Small-Cap funds charge less.

GWX costs $40.00 a year on $10,000. The median International Small-Cap fund costs $44.00.