State Street SPDR S&P International Small Cap ETF
$45.30+0.04 (+0.09%)
- 0.40%
- $915M
- +18.3%
- 2.64%
- 0.1M sh
- $45.30
- low $38.17high $47.28
The ETF.net GWX Grade
A
Score 71 out of 100
- 7 of 16
Score 71 of 100 falls in the A 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.A70 out of 100Rank 4 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 9 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 11 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A88 out of 100Rank 1 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 4 of 16
Our read on GWX
AA 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.
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
- The 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
- About 2,100 holdings spread across developed markets outside the US, so no single company or country carries the fund.
- Trading since 2007, it has one of the longer track records in international small caps, spanning the 2008 crash and everything since.
- A 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
- The 0.40% fee sits right at the category median, but broad rivals like VSS and SCHC charge a fraction of that.
- Small foreign companies are a bumpy corner of the market, and the mandate says nothing about hedging, so the dollar moves your returns too.
- Moderately traded rather than a volume leader in its category, which can mean wider spreads than the busiest funds in the group.
GWX Holdings
- Stocks
- 2,034
- 2%
- 6376.T
Sectors
- Industrials22.3%
- Technology12.9%
- Materials12.8%
- Consumer Discretionary12.5%
- Health Care9.4%
- Real Estate8.2%
- Financials7.9%
- Consumer Staples5.7%
- Energy3.7%
- Communication3.5%
- Utilities1.0%
Geography
- Japan36.50%
- South Korea11.98%
- Australia8.68%
- Canada8.40%
- United Kingdom7.20%
- Sweden4.95%
- Israel3.45%
- Germany2.23%
- 16.62%
Developed 83% · Emerging 17%
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$11,834
Returns run to the Oct 12, 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.
| Period | GWX |
|---|---|
| Year to date | +12.1% |
| 1 month | −2.5% |
| 3 months | +3.1% |
| 1 year | +18.3% |
| 3 years | +19.7% |
| 5 years | +6.5% |
| 10 years | +7.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GWX |
|---|---|---|
| 2026 YTD | +12.1% | |
| 2025 | +35.8% | |
| 2024 | +0.2% | |
| 2023 | +11.0% | |
| 2022 | −20.0% | |
| 2021 | +9.7% | |
| 2020 | +13.4% |
GWX in the news
GWX Dividends
- 2.64%
- $1.19
- $0.53 per share
- Twice a year
Distribution history
GWX Risk
- 15.1%
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.
- 0.95
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.
- −33.4%
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.
- 1.10
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
0.40%
GWX0.40%
- The middle half of International Small-Cap funds
- Median 0.44%
5 of the 16 International Small-Cap funds charge less.
Other funds in International Small-Cap
- AWSMLiShares MSCI World Small-Cap ETFExpense ratio 0.30%1 year return +18.5%
- ADFISDimensional - International Small Cap ETFExpense ratio 0.39%1 year return +18.1%
- BPDNInvesco RAFI Developed Markets ex-U.S. Small-Mid ETFExpense ratio 0.47%1 year return +17.4%
- BIEUSiShares MSCI Europe Small-Cap ETFExpense ratio 0.41%1 year return +7.2%
- CDFEWisdomTree Europe SmallCap Dividend FundExpense ratio 0.58%1 year return +9.8%