BBIN vs SPDW: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders International Equity ETF

BBINBCboe

State Street SPDR Portfolio Developed World ex-US ETF

SPDWANYSE Arca

Overlap

30.8%by weight

Expense ratio

SPDW −0.04pt a year

BBIN0.07%SPDW0.03%

Avg volume · 30D

SPDW 18.0×the volume

BBIN155KSPDW2.8M

5Y return · a year

SPDW +0.4pt

BBIN+8.7%SPDW+9.1%

BBIN vs SPDW Performance

Oct 29, 2021 – Oct 30, 2026

+51.7%BBIN+54.5%SPDW

Expense ratio: BBIN 0.07%; SPDW 0.03%, better
Fund size: BBIN $6.49B; SPDW $41.4B
1Y total return: BBIN +13.5%; SPDW +17.0%, better
Yield (12M): BBIN 3.75%, better; SPDW 3.07%
Holdings: BBIN 623; SPDW 2444
Avg volume (30D): BBIN 155K sh; SPDW 2.8M sh, better
NAV per share: BBIN $77.46; SPDW $49.93
52W range

ETF.net Grade

Pillar letters and Scores for BBIN, SPDW, with each pillar’s weight
Pillar	BBIN	SPDW
Cost30% weight	B68	A90Higher
Mission25% weight	A100	A100
Risk15% weight	C44Higher	C43
Tradability15% weight	D34	B66Higher
Holdings10% weight	C46	A87Higher
Durability5% weight	C45	A76Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. BBIN and SPDW are both graded against the same 20 Developed International Core funds, so their Grades compare head to head.

Developed International Core⁠

Category · 20 funds

See all 20 ›

SPDW ranks 2nd and BBIN 9th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 81
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 80
Rank 2AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 8BIEURiShares Core MSCI Europe ETFScore 64
Rank 9BBBINJPMorgan BetaBuilders International Equity ETFScore 63
Rank 10BEFAiShares MSCI EAFE ETFScore 60

Our read on each fund

ETF.net Research

BBINBJPMorgan BetaBuilders International Equity ETF

SPDWAState Street SPDR Portfolio Developed World ex-US ETF

In short

BBIN JPMorgan's clean international building block: roughly 600 developed-market stocks with the US and Canada left out on purpose, for seven basis points. Designed to sit beside a US core without overlap.

SPDW Developed markets outside the US, roughly 2,400 stocks deep, for three basis points. State Street's 2007-vintage international core: priced at the category floor and built wide rather than mega-cap-only.

Stated mandate

BBIN The fund seeks to closely track the performance of the Morningstar Developed Markets ex-North America Target Market Exposure Index before fees and expenses. It uses passive indexing and generally invests at least 80% of assets in securities included in that index.

SPDW The fund seeks to provide investment results that generally correspond, before fees and expenses, to the total return performance of the S&P Developed Ex-U.S. BMI Index.

Why people hold it

BBIN Costs 0.07% a year, well under the typical developed-international index fund's fee.
Strictly ex-North America, so it stacks onto a US sleeve without doubling up Canada. Roughly 600 names across developed Europe and Asia-Pacific.
Plain index plumbing, no tilts bolted on: it has hugged its Morningstar developed-markets benchmark about as tightly as anything in its group.
A multi-billion-dollar fund from a major issuer, part of the BetaBuilders lineup of market-cap blocks, paying shareholders quarterly.prnewswire.com

SPDW 0.03% is the floor for this category. It matches VEA and SCHF penny for penny and sits far under what the typical developed-markets index fund charges.
Roughly 2,400 names across developed markets ex-US. The S&P Developed Ex-U.S. BMI is a broad-market index, so the sweep runs well past the household-name giants.
Tracking is among the tightest in its peer group, and it's a multi-billion-dollar fund that trades actively, which helps at the point of execution.
Trading since 2007 under one of the largest ETF issuers, a long operating history for a fund at this price point.

Worth knowing

BBIN Not the cheapest door into developed international: VEA, SPDW and SCHF run at 0.03%.
Moderately traded rather than heavily, so spreads can run wider than the category's busiest names in quiet stretches.
One slice, not a portfolio: no US, no Canada, no emerging markets. The gaps are yours to fill.

SPDW Developed markets only. No US stocks, no emerging markets, by mandate. This is one slice of a global allocation, not the whole map.
Plain index exposure to foreign equities, with no hedge or defensive screen in the mandate. Overseas market swings pass straight through.
Distributions arrive once or twice a year rather than quarterly or monthly, so the income rhythm is lumpier than some peers.

Full BBIN profile⁠

Full SPDW profile⁠

BBIN vs SPDW Holdings

How BBIN and SPDW differ

Overlap by weight

30.8%

Shared holdings make up 44.5% of BBIN and 31.0% of SPDW.

Level by level

Holdings287 in both30.8%
Countryby domicile79.6%
Sector11 Sectors92.8%
Asset classEquity100%

Sector

Sector weights in BBIN and SPDW, widest gap first
Sector	More in BBINMore in SPDW	BBIN	SPDW
Technology	SPDW +3.1 points	11.7%	14.8%
Financials	BBIN +2.5 points	26.4%	23.9%
Health Care	BBIN +1.7 points	10.2%	8.5%
Energy	SPDW +1.4 points	4.1%	5.5%
Industrials	BBIN +1.2 points	18.9%	17.7%
Materials	SPDW +1.2 points	5.9%	7.1%
Consumer Discretionary	SPDW +1.0 points	7.0%	8.0%
Communication	BBIN +0.9 points	4.3%	3.4%
Consumer Staples	BBIN +0.7 points	6.5%	5.8%
Real Estate	SPDW +0.7 points	1.5%	2.2%
Utilities	BBIN +0.1 points	3.4%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in BBIN and SPDW, widest gap first
Country	More in BBINMore in SPDW	BBIN	SPDW
Canada	SPDW +11.0 points	0.0%	11.0%
South Korea	SPDW +8.2 points	0.0%	8.2%
Japan	BBIN +3.5 points	25.8%	22.3%
United Kingdom	BBIN +3.4 points	14.1%	10.7%
Switzerland	BBIN +2.6 points	9.8%	7.2%
Germany	BBIN +2.3 points	8.5%	6.2%
France	BBIN +2.0 points	8.0%	6.0%
Netherlands	BBIN +1.6 points	5.7%	4.1%
Other countries (24)	BBIN +3.9 points	28.2%	24.3%

Outside the US: BBIN 98% developed, 2% emerging. SPDW 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

BBIN14.6%
SPDW12.6%

Securities held

BBIN616
SPDW2,416

Asset class

BBIN: Equity
SPDW: Equity

Holdings

Only in BBIN329
In both287
Only in SPDW2,129

Only in BBIN

329 securities, 55.5% of BBIN by weight

Asml Holding NV Common2.86%
Shell PLC1.48%
Hsbc Holdings PLC Common1.39%
Astrazeneca PLC Common1.36%
Sap SE Common Stock Eur1.06%
Siemens AG Common Stock1.00%
Totalenergies SE Common0.91%
Allianz SE Common Stock0.88%
Banco Santander SA Common0.78%
Iberdrola SA Common Stock0.72%
Schneider Electric SE0.68%
Unilever PLC Common0.66%
Rolls-Royce Holdings PLC0.65%
British American Tobacco0.63%
Bp PLC Common Stock Gbp0.61%
Banco Bilbao Vizcaya0.61%
Air Liquide SA Common0.61%
Novo Nordisk A/S Common0.60%
Airbus SE Common Stock0.59%
Unicredit Spa Common0.58%
L'oreal SA Common Stock0.56%
Dbs Group Holdings Ltd0.55%
Siemens Energy AG Common0.54%
Lvmh Moet Hennessy Louis0.50%
Safran SA Common Stock0.50%
Investor Ab Common Stock0.49%
Intesa Sanpaolo Spa0.47%
Gsk PLC Common Stock Gbp0.47%
Deutsche Telekom AG0.47%
Sanofi SA Common Stock0.46%
Bnp Paribas SA Common0.45%
Ing Groep NV Common Stock0.43%
JPMorgan U.s. Government0.42%
Rio Tinto PLC Common0.41%
National Grid PLC Common0.40%
Bae Systems PLC0.38%
Muenchener0.38%
Enel Spa Common Stock Eur0.37%
Axa SA Common Stock Eur0.37%
Barclays PLC Common Stock0.35%
Infineon Technologies AG0.35%
Lloyds Banking Group PLC0.34%
Atlas Copco Ab Common0.34%
Anheuser-Busch Inbev0.34%
Relx PLC Common Stock Gbp0.33%
Industria De Diseno0.33%
Glencore PLC Common0.31%
Deutsche Boerse AG0.30%
Natwest Group PLC Common0.29%
Dhl AG Common Stock Eur0.28%

Only in SPDW

2,129 securities, 69.0% of SPDW by weight

Samsung Electr Gdr Reg’s2.39%
Sk Hynix Inc2.01%
Asml Holding NV1.96%
Shell PLC0.95%
Hsbc Holdings PLC0.89%
Royal Bank of Canada0.87%
Astrazeneca PLC0.82%
Banco Santander SA0.81%
Sap SE0.72%
Siemens AG Reg0.68%
Toronto Dominion Bank0.64%
Shopify Inc Class A0.62%
Totalenergies SE0.60%
Allianz SE Reg0.56%
Iberdrola SA0.47%
Schneider Electric SE0.47%
Rolls Royce Holdings PLC0.46%
Unilever PLC0.43%
Banco Bilbao Vizcaya Argenta0.43%
Bp PLC0.43%
Airbus SE0.41%
Unicredit Spa0.41%
Air Liquide SA0.38%
Bank of Montreal0.38%
British American Tobacco PLC0.38%
Novo Nordisk A/S B0.37%
Bank of Nova Scotia0.37%
Dbs Group Holdings Ltd0.36%
Canadian Natural Resources0.34%
Can Imperial Bk of Commerce0.33%
Enbridge Inc0.33%
Samsung Electronics Pref0.33%
Lvmh Moet Hennessy Louis Vui0.33%
Siemens Energy AG0.33%
Intesa Sanpaolo0.33%
L Oreal0.33%
Safran SA0.32%
Bnp Paribas0.30%
Deutsche Telekom AG Reg0.30%
Gsk PLC0.29%
Ing Groep NV0.29%
Agnico Eagle Mines Ltd0.28%
Suncor Energy Inc0.28%
Rio Tinto PLC0.27%
Lloyds Banking Group PLC0.27%
Brookfield Corp0.26%
Spotify Technology SA0.26%
Bae Systems PLC0.26%
National Grid PLC0.25%
Canadian Pacific Kansas City0.25%

Weight gaps

The 100 widest of 287 Holdings in both funds.

Holding weights in BBIN and SPDW, widest gap first
Holding	More in BBINMore in SPDW	BBIN	SPDW
Roche Holding AG Common	BBIN +0.56 points	1.59%	1.03%
Novartis AG Common Stock	BBIN +0.56 points	1.45%	0.89%
Nestle SA Common Stock	BBIN +0.43 points	1.21%	0.78%
Mitsubishi Ufj Financial	BBIN +0.35 points	1.15%	0.80%
Commonwealth Bank of	BBIN +0.34 points	0.93%	0.59%
Bhp Group Ltd Common	BBIN +0.33 points	0.95%	0.62%
Recruit Holdings Co Ltd	BBIN +0.27 points	0.80%	0.53%
Sumitomo Mitsui	BBIN +0.24 points	0.72%	0.48%
Hitachi Ltd Common Stock	BBIN +0.24 points	0.68%	0.44%
Toyota Motor Corp Common	BBIN +0.23 points	0.94%	0.71%
Sony Group Corp Common	BBIN +0.22 points	0.70%	0.48%
Ubs Group AG Common Stock	BBIN +0.20 points	0.66%	0.46%
Abb Ltd Common Stock Chf	BBIN +0.20 points	0.63%	0.43%
Zurich Insurance Group AG	BBIN +0.19 points	0.53%	0.34%
Advantest Corp Common	BBIN +0.19 points	0.74%	0.55%
Cie Financiere Richemont	BBIN +0.19 points	0.51%	0.32%
Mizuho Financial Group	BBIN +0.18 points	0.55%	0.37%
Tokyo Electron Ltd	BBIN +0.17 points	0.63%	0.46%
Itochu Corp Common Stock	BBIN +0.18 points	0.49%	0.31%
Tokio Marine Holdings	BBIN +0.17 points	0.49%	0.32%
Aia Group Ltd Common	BBIN +0.16 points	0.47%	0.31%
Keyence Corp Common	BBIN +0.16 points	0.44%	0.28%
Westpac Banking Corp	BBIN +0.15 points	0.42%	0.27%
National Australia Bank	BBIN +0.15 points	0.42%	0.27%
Anz Group Holdings Ltd	BBIN +0.15 points	0.41%	0.26%
Mitsubishi Corp Common	BBIN +0.14 points	0.52%	0.38%
Fast Retailing Co Ltd	BBIN +0.13 points	0.43%	0.30%
Csl Ltd Common Stock Aud	BBIN +0.12 points	0.32%	0.20%
Takeda Pharmaceutical Co	BBIN +0.12 points	0.32%	0.20%
Mitsubishi Heavy	BBIN +0.12 points	0.34%	0.22%
Softbank Group Corp	BBIN +0.12 points	0.48%	0.36%
Wesfarmers Ltd Common	BBIN +0.11 points	0.29%	0.18%
Macquarie Group Ltd	BBIN +0.11 points	0.30%	0.19%
Nintendo Co Ltd Common	BBIN +0.10 points	0.29%	0.19%
Lonza Group AG Common	BBIN +0.10 points	0.26%	0.16%
Shin-Etsu Chemical Co	BBIN +0.10 points	0.33%	0.23%
Kddi Corp Common Stock	BBIN +0.10 points	0.25%	0.15%
Hong Kong Exchanges &	BBIN +0.09 points	0.26%	0.17%
Swiss Re AG Common Stock	BBIN +0.09 points	0.25%	0.16%
Marubeni Corp Common	BBIN +0.08 points	0.24%	0.16%
Mitsui & Co Ltd Common	BBIN +0.08 points	0.38%	0.30%
Woodside Energy Group Ltd	BBIN +0.08 points	0.21%	0.13%
Oversea-Chinese Banking	BBIN +0.08 points	0.35%	0.27%
Mitsubishi Electric Corp	BBIN +0.07 points	0.27%	0.20%
Japan Tobacco Inc Common	BBIN +0.07 points	0.24%	0.17%
Panasonic Holdings Corp	BBIN +0.08 points	0.25%	0.17%
Softbank Corp Common	BBIN +0.08 points	0.20%	0.12%
Honda Motor Co Ltd	BBIN +0.07 points	0.21%	0.14%
Coca-Cola EuropacificCCEP	SPDW +0.08 points	<0.01%	0.08%
Dsv A/S Common Stock Dkk	BBIN +0.07 points	0.19%	0.12%
Givaudan SA Common Stock	BBIN +0.06 points	0.18%	0.12%
Holcim AG Common Stock	BBIN +0.07 points	0.20%	0.13%
Hoya Corp Common Stock	BBIN +0.07 points	0.26%	0.19%
Murata Manufacturing Co	BBIN +0.07 points	0.33%	0.26%
Woolworths Group Ltd	BBIN +0.06 points	0.16%	0.10%
Sumitomo Corp Common	BBIN +0.06 points	0.24%	0.18%
Rio Tinto Ltd Common	BBIN +0.06 points	0.18%	0.12%
Eqt Ab Common Stock Sek	BBIN +0.06 points	0.10%	0.05%
Ajinomoto Co Inc Common	BBIN +0.06 points	0.15%	0.09%
Daikin Industries Ltd	BBIN +0.05 points	0.17%	0.12%
Nec Corp Common Stock	BBIN +0.05 points	0.18%	0.13%
Goodman Group Stapled	BBIN +0.05 points	0.17%	0.12%
Fujikura Ltd Common	BBIN +0.06 points	0.19%	0.13%
Sika AG Common Stock Chf	BBIN +0.05 points	0.16%	0.11%
Sandoz Group AG Common	BBIN +0.05 points	0.19%	0.14%
Alcon AG Common Stock Chf	BBIN +0.05 points	0.16%	0.11%
Kioxia Holdings Corp	BBIN +0.05 points	0.37%	0.32%
Japan Post Bank Co Ltd	BBIN +0.05 points	0.16%	0.11%
MS&AD Insurance Group	BBIN +0.06 points	0.20%	0.14%
Sumitomo Electric	BBIN +0.05 points	0.16%	0.11%
Genmab A/S	BBIN +0.05 points	0.16%	0.11%
Mitsui Fudosan Co Ltd	BBIN +0.05 points	0.13%	0.08%
Toyota Tsusho Corp	BBIN +0.05 points	0.14%	0.09%
Techtronic Industries Co	BBIN +0.04 points	0.11%	0.07%
Daiichi Sankyo Co Ltd	BBIN +0.04 points	0.14%	0.10%
Oriental Land Co	BBIN +0.05 points	0.12%	0.07%
Sumitomo Mitsui Trust	BBIN +0.05 points	0.14%	0.09%
Orix Corp Common Stock	BBIN +0.05 points	0.19%	0.14%
Resona Holdings Inc	BBIN +0.04 points	0.14%	0.10%
Mitsubishi Estate Co Ltd	BBIN +0.05 points	0.14%	0.09%
Fujitsu Ltd Common Stock	BBIN +0.05 points	0.19%	0.14%
Qbe Insurance Group Ltd	BBIN +0.04 points	0.13%	0.09%
Ck Hutchison Holdings	BBIN +0.05 points	0.11%	0.06%
Chugai Pharmaceutical Co	BBIN +0.04 points	0.13%	0.09%
Ntt Inc Common Stock Jpy	BBIN +0.04 points	0.14%	0.10%
Galderma Group AG Common	BBIN +0.04 points	0.17%	0.13%
Sompo Holdings Inc Common	BBIN +0.04 points	0.19%	0.15%
Terumo Corp Common Stock	BBIN +0.05 points	0.11%	0.06%
Nomura Holdings Inc	BBIN +0.04 points	0.13%	0.09%
Vestas Wind Systems A/S	BBIN +0.04 points	0.13%	0.09%
Inpex Corp Common Stock	BBIN +0.04 points	0.11%	0.07%
Disco Corp Common Stock	BBIN +0.04 points	0.13%	0.09%
East Japan Railway Co	BBIN +0.04 points	0.12%	0.08%
Swisscom AG Common Stock	BBIN +0.04 points	0.10%	0.06%
Kyocera Corp Common	BBIN +0.04 points	0.13%	0.09%
Astellas Pharma Inc	BBIN +0.04 points	0.14%	0.10%
Tdk Corp Common Stock	BBIN +0.04 points	0.15%	0.11%
Seven & I Holdings Co	BBIN +0.03 points	0.13%	0.10%
Aeon Co Ltd Common Stock	BBIN +0.04 points	0.10%	0.06%
Suzuki Motor Corp Common	BBIN +0.03 points	0.11%	0.08%

All 635 BBIN holdings⁠All 2,436 SPDW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBIN vs SPDW Cost

Overpaying BBIN vs SPDW

$842

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

BBIN 0.07%
$1,480
SPDW 0.03%
$638

Amount$10,000

Years30 years

Cost over time

BBIN 0.07%
SPDW 0.03%
Overpaying

Year by year

Year	BBIN	SPDW	Overpaying
10	$128	$55	$73
20	$503	$216	$287
30	$1,480	$638	$842

Expense ratio

0.07%BBIN
0.03%SPDW, cheaper

SPDW0.03%BBIN0.07%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SPDW cheapest of 20 funds

BBIN 7th cheapest of 20 funds

BBIN vs SPDW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBIN 3.75%, better; SPDW 3.07%
Payout (12M): BBIN $2.91; SPDW $1.52
Last payment: BBIN $0.31; SPDW $0.72
Ex-dividend: BBIN Sep 22, 2026; SPDW Jun 22, 2026
Paid on: BBIN Sep 24, 2026; SPDW Jun 26, 2026
Frequency: BBIN Quarterly; SPDW Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BBINQuarterly · 29 paymentsAll BBIN payments⁠

SPDWTwice a year · 19 paymentsAll SPDW payments⁠

BBIN vs SPDW Risk

Fall from peak · 5 years

BBIN
SPDW

Risk facts

VolatilityStd dev, 3 years: BBIN 11.7%, betterSPDW 12.7%
Return per unit of riskSharpe ratio, 3 years: BBIN 1.20SPDW 1.27, better
Worst fallMax drawdown, 5 years: BBIN −29.0%, betterSPDW −29.9%
Market sensitivityBeta, 5 years: BBIN 0.79SPDW 1.03; Market = 1

BBIN and SPDW in the news

All news⁠

Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026SPDW

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BBIN vs SPDW

In short

Stated mandate

Why people hold it

Worth knowing

How BBIN and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBIN

Only in SPDW

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Vanguard's total international fund is the one-fund pick, and Korea splits the rest

How BBIN and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BBIN

Only in SPDW

Weight gaps