State Street SPDR MSCI USA Gender Diversity ETF
$158.26−0.10 (−0.07%)
- 0.20%
- $334M
- +27.1%
- 1.11%
- 0M sh
- $158.90
- low $124.40high $162.02
The ETF.net SHE Grade
B
Score 65 out of 100
- 17 of 48
Score 65 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.B55 out of 100Rank 21 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 26 of 43Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A78 out of 100Rank 5 of 48Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 29 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 19 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 10 of 48
Our read on SHE
BThe ticker is the pitch. SHE tracks an MSCI index that scores US large and mid caps on women in the boardroom, in senior management and across the workforce, then weights holdings by market cap and that score. One issue, blue-chip portfolio.
The fund seeks to track the total return of the MSCI USA Gender Diversity Select Index and provide exposure to US companies demonstrating leadership in promoting and supporting gender diversity.
Why people hold it
- The screen is specific, not a broad ESG catch-all: the index targets companies committed to gender diversity at every level, from the corporate board through executive and senior management to the workforce.ssga.com
- The tilt shows up in position sizes, not just the guest list. Companies are weighted by market cap combined with a Gender Diversity Score covering women's representation and diversity management.ssga.com
- 0.20% a year, below the median for its ESG-and-values peer group. Unusual for a single-theme screen, which normally carries a premium.
- Trading since 2016 under State Street's SPDR banner, making it one of the longer-running US funds built on a single diversity metric. Roughly 230 stocks, distributions quarterly.
Worth knowing
- Thinly traded next to the giant ESG index funds. Spreads tend to be wider and sizeable orders need more patience at the screen.
- Broad ESG index funds cost less: ESGV and XVV both sit under a tenth of a percent. The narrower screen here is what you're paying the difference for.
- Membership rides on MSCI's diversity data. When a company's Gender Diversity Score shifts, its place and weight in the index shift at the next reconstitution.ssga.com
SHE Holdings
- Stocks
- 233
- 37%
- AMD
Sectors
- Technology42.2%
- Financials10.8%
- Health Care9.3%
- Communication8.8%
- Consumer Discretionary8.4%
- Industrials7.4%
- Consumer Staples4.3%
- Energy3.5%
- Utilities1.8%
- Materials1.8%
- Real Estate1.7%
Geography
- United States95.51%
- Ireland2.87%
- United Kingdom0.81%
- Uruguay0.44%
- Canada0.15%
- Cayman Islands0.13%
- Bermuda0.09%
SHE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SHE$12,714
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 | SHE |
|---|---|
| Year to date | +21.0% |
| 1 month | +0.3% |
| 3 months | +2.7% |
| 1 year | +27.1% |
| 3 years | +24.1% |
| 5 years | +10.5% |
| 10 years | +12.8% |
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 | SHE |
|---|---|---|
| 2026 YTD | +21.0% | |
| 2025 | +15.5% | |
| 2024 | +23.4% | |
| 2023 | +22.4% | |
| 2022 | −21.7% | |
| 2021 | +15.2% | |
| 2020 | +18.0% |
SHE in the news
SHE Dividends
- 1.11%
- $1.75
- $0.49 per share
- Quarterly
Distribution history
SHE Risk
- 13.4%
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.
- 1.36
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.
- −31.7%
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.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHE Cost
0.20%
SHE0.20%
- The middle half of US ESG & Values Index funds
- Median 0.23%
21 of the 48 US ESG & Values Index funds charge less.
Other funds in US ESG & Values Index
- BCATHGlobal X - S&P 500 Catholic Values ETFExpense ratio 0.29%1 year return +17.8%
- BDSIiShares ESG MSCI KLD 400 ETFExpense ratio 0.25%1 year return +21.7%
- BUSNZXtrackers Net Zero Pathway Paris Aligned US Equity ETFExpense ratio 0.10%1 year return +20.4%
- BJUSTGoldman Sachs JUST U.S. Large Cap Equity ETFExpense ratio 0.20%1 year return +21.9%
- BRSPEInvesco ESG S&P 500 Equal Weight ETFExpense ratio 0.20%1 year return +22.6%