IDEV vs SPDW: Grades, Fees and Holdings Compared

iShares Core MSCI International Developed Markets ETF

IDEVANYSE Arca

State Street SPDR Portfolio Developed World ex-US ETF

SPDWANYSE Arca

Overlap

47.1%by weight

Expense ratio

SPDW −0.01pt a year

IDEV0.04%SPDW0.03%

Avg volume · 30D

SPDW 1.5×the volume

IDEV1.88MSPDW2.8M

5Y return · a year

SPDW +0.5pt

IDEV+8.6%SPDW+9.1%

IDEV vs SPDW Performance

Oct 29, 2021 – Oct 30, 2026

+51.0%IDEV+54.5%SPDW

Expense ratio: IDEV 0.04%; SPDW 0.03%, better
Fund size: IDEV $33.8B; SPDW $41.4B
1Y total return: IDEV +14.3%; SPDW +17.0%, better
Yield (12M): IDEV 3.22%, better; SPDW 3.07%
Holdings: IDEV 2330; SPDW 2444
Avg volume (30D): IDEV 1.88M sh; SPDW 2.8M sh, better
NAV per share: IDEV $89.09; SPDW $49.93
52W range

ETF.net Grade

Pillar letters and Scores for IDEV, SPDW, with each pillar’s weight
Pillar	IDEV	SPDW
Cost30% weight	A90	A90
Mission25% weight	A100	A100
Risk15% weight	C44Higher	C43
Tradability15% weight	A70Higher	B66
Holdings10% weight	A93Higher	A87
Durability5% weight	B60	A76Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. IDEV 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 ›

IDEV ranks 1st and SPDW 2nd 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

Our read on each fund

ETF.net Research

IDEVAiShares Core MSCI International Developed Markets ETF

SPDWAState Street SPDR Portfolio Developed World ex-US ETF

In short

IDEV One ticker for the developed world outside America, top to bottom: roughly 2,300 large, mid and small caps for four basis points. iShares built this as a Core building block and priced it like one.

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

IDEV The fund seeks to track an index of large-, mid-, and small-cap equities from developed markets outside the United States.

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

IDEV Charges 0.04% a year while the typical developed-markets core fund charges 0.18%. That is roughly a fifth of the usual freight.
Goes all-cap, not just blue chips: roughly 2,300 large, mid and small companies from developed markets outside the US, so the small end is not left on the cutting room floor.ishares.com
A plain index wrapper on the MSCI World ex USA IMI Index. No tilts, no manager discretion, and it has run that same mandate since 2017.
Multi-billion-dollar fund that trades actively, and one of the stronger implementations in a crowded developed-markets core group.

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

IDEV VEA, SPDW and SCHF each run a basis point cheaper. Pennies on most balances, but IDEV is not the absolute cost floor of the group.
Distributions come annually or semiannually rather than monthly, so cash arrives in lumps.
Every holding is priced in a foreign currency, so moves in the dollar show up in your returns alongside the stocks themselves.

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 IDEV profile⁠

Full SPDW profile⁠

IDEV vs SPDW Holdings

How IDEV and SPDW differ

Overlap by weight

47.1%

Shared holdings make up 52.7% of IDEV and 49.3% of SPDW.

Level by level

Holdings1,119 in both47.1%
Countryby domicile87.4%
Sector11 Sectors95.9%
Asset classEquity100%

Sector

Sector weights in IDEV and SPDW, widest gap first
Sector	More in IDEVMore in SPDW	IDEV	SPDW
Technology	SPDW +3.3 points	11.5%	14.8%
Financials	IDEV +1.2 points	25.1%	23.9%
Materials	IDEV +0.9 points	8.0%	7.1%
Consumer Discretionary	SPDW +0.8 points	7.2%	8.0%
Health Care	IDEV +0.6 points	9.1%	8.5%
Communication	IDEV +0.4 points	3.8%	3.4%
Energy	IDEV +0.3 points	5.8%	5.5%
Consumer Staples	IDEV +0.3 points	6.1%	5.8%
Utilities	IDEV +0.2 points	3.5%	3.3%
Real Estate	IDEV +0.1 points	2.3%	2.2%
Industrials	SPDW +0.1 points	17.6%	17.7%

Country, concentration and asset class

Country by domicile

Country weights in IDEV and SPDW, widest gap first
Country	More in IDEVMore in SPDW	IDEV	SPDW
South Korea	SPDW +8.2 points	0.0%	8.2%
United Kingdom	IDEV +2.2 points	12.9%	10.7%
Canada	IDEV +2.0 points	13.0%	11.0%
France	IDEV +1.6 points	7.6%	6.0%
United States	SPDW +1.6 points	0.0%	1.6%
Japan	IDEV +1.1 points	23.4%	22.3%
Germany	IDEV +1.1 points	7.3%	6.2%
Switzerland	IDEV +0.9 points	8.1%	7.2%
Other countries (22)	IDEV +0.8 points	27.6%	26.8%

Outside the US: IDEV 99% developed, 1% emerging. SPDW 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

IDEV11.1%
SPDW12.6%

Securities held

IDEV2,311
SPDW2,416

Asset class

IDEV: Equity
SPDW: Equity

Holdings

Only in IDEV1,192
In both1,119
Only in SPDW1,297

Only in IDEV

1,192 securities, 46.7% of IDEV by weight

Asml Holding2.14%
Shell1.09%
Hsbc Holdings PLC1.02%
Astrazeneca PLC0.99%
Sap0.84%
Siemens N AG0.75%
Allianz0.65%
Totalenergies0.65%
Banco Santander0.57%
Iberdrola0.54%
Schneider Electric0.51%
Unilever PLC0.49%
Rolls-Royce Holdings PLC0.48%
Bp PLC0.46%
Banco Bilbao Vizcaya Argentaria0.46%
Novo Nordisk Class B0.45%
Airbus Group0.44%
Lair Liquide Societe Anonyme Pour0.44%
British American Tobacco0.43%
Loreal SA0.41%
Unicredit0.39%
Siemens Energy N AG0.38%
Safran SA0.37%
Lvmh0.37%
Glaxosmithkline0.35%
Deutsche Telekom N AG0.35%
Sanofi SA0.34%
Bnp Paribas SA0.33%
Intesa Sanpaolo0.32%
Ing Groep0.32%
Rio Tinto0.31%
National Grid PLC0.29%
Muenchener Rueckversicherungs-Gese0.29%
Bae Systems PLC0.28%
Enel0.28%
Investor Class B0.27%
Axa SA0.26%
Infineon Technologies AG0.26%
Barclays PLC0.26%
Anheuser-Busch Inbev SA0.25%
Lloyds Banking Group PLC0.25%
Relx PLC0.25%
Industria De Diseno Textil SA0.24%
Glencore PLC0.23%
Deutsche Boerse AG0.23%
Natwest Group PLC0.22%
Essilorluxottica SA0.21%
Dhl AG0.21%
Deutsche Bank AG0.21%
Vinci SA0.20%

Only in SPDW

1,297 securities, 50.6% 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%
Astrazeneca PLC0.82%
Banco Santander SA0.81%
Sap SE0.72%
Siemens AG Reg0.68%
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%
British American Tobacco PLC0.38%
Novo Nordisk A/S B0.37%
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%
Rio Tinto PLC0.27%
Lloyds Banking Group PLC0.27%
Bae Systems PLC0.26%
National Grid PLC0.25%
Axa SA0.25%
Muenchener Rueckver AG Reg0.25%
Barclays PLC0.24%
Enel Spa0.24%
Investor Ab B Shs0.24%
Anheuser Busch Inbev Sa/Nv0.24%
Infineon Technologies AG0.24%
Glencore PLC0.23%
Industria De Diseno Textil0.21%
Eni Spa0.21%
Deutsche Bank AG Registered0.21%
Natwest Group PLC0.21%
Deutsche Boerse AG0.20%
Anglo American PLC0.19%

Weight gaps

The 100 widest of 1,119 Holdings in both funds.

Holding weights in IDEV and SPDW, widest gap first
Holding	More in IDEVMore in SPDW	IDEV	SPDW
Roche Ps Par AG	IDEV +0.17 points	1.20%	1.03%
Novartis AG	IDEV +0.15 points	1.04%	0.89%
Nestle SA	IDEV +0.14 points	0.92%	0.78%
Royal Bank of Canada	IDEV +0.11 points	0.98%	0.87%
Bhp Group Ltd	IDEV +0.10 points	0.72%	0.62%
Commonwealth Bank of Australia	IDEV +0.10 points	0.69%	0.59%
Toronto Dominion	IDEV +0.08 points	0.72%	0.64%
Toyota Motor	SPDW +0.07 points	0.64%	0.71%
Canadian Natural Resources Ltd	IDEV +0.07 points	0.41%	0.34%
Ubs Group AG	IDEV +0.06 points	0.52%	0.46%
Hitachi	IDEV +0.06 points	0.50%	0.44%
Compagnie Financiere Richemont SA	IDEV +0.06 points	0.38%	0.32%
Suncor Energy Inc	IDEV +0.05 points	0.33%	0.28%
Mitsubishi	SPDW +0.05 points	0.33%	0.38%
Shopify Subordinate Voting Class A	IDEV +0.05 points	0.67%	0.62%
Dbs Group Holdings Ltd	IDEV +0.05 points	0.41%	0.36%
Zurich Insurance Group AG	IDEV +0.05 points	0.39%	0.34%
Keyence	IDEV +0.05 points	0.33%	0.28%
Spotify TechnologySPOT	IDEV +0.05 points	0.31%	0.26%
Enbridge	IDEV +0.04 points	0.37%	0.33%
National Australia Bank	IDEV +0.05 points	0.32%	0.27%
Anz Group Holdings Ltd	IDEV +0.04 points	0.30%	0.26%
Sumitomo Mitsui Financial Group	IDEV +0.04 points	0.52%	0.48%
Westpac Banking Corporation	IDEV +0.04 points	0.31%	0.27%
Abb Ltd	IDEV +0.04 points	0.47%	0.43%
Otsuka Holdings	SPDW +0.04 points	0.11%	0.15%
Givaudan SA	IDEV +0.03 points	0.15%	0.12%
Takeda Pharmaceutical	IDEV +0.04 points	0.24%	0.20%
Canadian Imperial Bank of Commerce	IDEV +0.04 points	0.37%	0.33%
Aia Group	IDEV +0.04 points	0.35%	0.31%
Hong Kong Exchanges and Clearing	SPDW +0.03 points	0.14%	0.17%
Teva Pharmaceutical IndustriesTEVA	IDEV +0.04 points	0.18%	0.14%
Wesfarmers	IDEV +0.03 points	0.21%	0.18%
Kddi	IDEV +0.04 points	0.19%	0.15%
Bank of Montreal	IDEV +0.03 points	0.41%	0.38%
Daiwa Securities Group Inc	SPDW +0.03 points	0.05%	0.08%
Sony Group	IDEV +0.03 points	0.51%	0.48%
Csl	IDEV +0.04 points	0.24%	0.20%
Mizuho Financial Group	IDEV +0.04 points	0.41%	0.37%
Manulife Financial	IDEV +0.04 points	0.26%	0.22%
Murata Manufacturing	SPDW +0.03 points	0.23%	0.26%
Tc Energy	IDEV +0.03 points	0.23%	0.20%
Flsmidth and Co Class B	SPDW +0.03 points	0.02%	0.05%
Macquarie Group Ltd Def	IDEV +0.04 points	0.23%	0.19%
Bank of Nova Scotia	IDEV +0.03 points	0.40%	0.37%
Recruit Holdings Ltd	IDEV +0.03 points	0.56%	0.53%
National Bank of Canada	IDEV +0.03 points	0.21%	0.18%
Mitsui	SPDW +0.03 points	0.27%	0.30%
Ansell	SPDW +0.02 points	0.02%	0.04%
Lonza Group AG	IDEV +0.03 points	0.19%	0.16%
Nanto Bank	SPDW +0.03 points	<0.01%	0.03%
Softbank	IDEV +0.03 points	0.15%	0.12%
Canon	SPDW +0.03 points	0.08%	0.11%
Medipal Holdings Corp	SPDW +0.03 points	0.01%	0.04%
Woodside Energy Group Ltd	IDEV +0.03 points	0.16%	0.13%
Kioxia Holdings	IDEV +0.02 points	0.34%	0.32%
Canadian Pacific Kansas City	IDEV +0.03 points	0.28%	0.25%
Galderma Group N AG	IDEV +0.02 points	0.15%	0.13%
Constellation Software	IDEV +0.03 points	0.17%	0.14%
Cenovus Energy	IDEV +0.03 points	0.16%	0.13%
Imperial Oil Ltd	SPDW +0.03 points	0.07%	0.10%
Exchange Income Corp	SPDW +0.03 points	0.01%	0.04%
Tokio Marine Holdings	IDEV +0.03 points	0.35%	0.32%
Boc Hong Kong Holdings Ltd	IDEV +0.02 points	0.09%	0.07%
Mitsubishi Heavy Industries	IDEV +0.03 points	0.25%	0.22%
Bluescope Steel	SPDW +0.02 points	0.04%	0.06%
Sino Land Ltd	SPDW +0.02 points	0.02%	0.04%
Woolworths Group	IDEV +0.02 points	0.12%	0.10%
Swiss Re AG	IDEV +0.02 points	0.18%	0.16%
Holcim Ltd AG	IDEV +0.02 points	0.15%	0.13%
Aritzia Subordinate Voting	SPDW +0.03 points	0.03%	0.06%
Evolution	SPDW +0.02 points	0.04%	0.06%
Itochu	SPDW +0.02 points	0.29%	0.31%
Toray Industries	SPDW +0.02 points	0.04%	0.06%
Casio Computer Ltd	SPDW +0.02 points	<0.01%	0.03%
Roche Holding AG	IDEV +0.02 points	0.06%	0.04%
Dsv	IDEV +0.02 points	0.14%	0.12%
T&D Holdings	SPDW +0.02 points	0.05%	0.07%
Kawasaki Kisen Ltd	SPDW +0.02 points	0.02%	0.04%
Toppan Holdings	SPDW +0.02 points	0.02%	0.04%
Ichigo Office Reit Investment Reit	SPDW +0.02 points	<0.01%	0.02%
Nebius NV Class ANBIS	SPDW +0.02 points	0.11%	0.13%
Barrick Mining	IDEV +0.02 points	0.22%	0.20%
Komatsu	SPDW +0.02 points	0.12%	0.14%
Ck Hutchison Holdings	IDEV +0.02 points	0.08%	0.06%
Ntt	IDEV +0.01 points	0.11%	0.10%
Techtronic Industries	IDEV +0.01 points	0.08%	0.07%
Sumitomo	SPDW +0.02 points	0.16%	0.18%
SOUTH32	IDEV +0.02 points	0.05%	0.03%
Wheaton Precious Metals	IDEV +0.01 points	0.18%	0.17%
Ibiden Ltd	SPDW +0.01 points	0.09%	0.10%
Fast Retailing	IDEV +0.01 points	0.31%	0.30%
Teijin	SPDW +0.02 points	<0.01%	0.02%
Cameco	SPDW +0.02 points	0.12%	0.14%
Sun Life Financial Inc	IDEV +0.01 points	0.15%	0.14%
Panasonic Holdings	IDEV +0.02 points	0.19%	0.17%
Tokyo Gas Ltd	SPDW +0.02 points	0.04%	0.06%
Mitsubishi Ufj Financial Group	IDEV +0.02 points	0.82%	0.80%
Japan Tobacco	IDEV +0.01 points	0.18%	0.17%
Kao	SPDW +0.02 points	0.07%	0.09%

All 2,313 IDEV 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.

IDEV vs SPDW Cost

Overpaying IDEV vs SPDW

$211

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

IDEV 0.04%
$849
SPDW 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IDEV 0.04%
SPDW 0.03%
Overpaying

Year by year

Year	IDEV	SPDW	Overpaying
10	$73	$55	$18
20	$288	$216	$72
30	$849	$638	$211

Expense ratio

0.04%IDEV
0.03%SPDW, cheaper

SPDW0.03%IDEV0.04%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SPDW cheapest of 20 funds

IDEV 4th cheapest of 20 funds

IDEV vs SPDW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IDEV 3.22%, better; SPDW 3.07%
Payout (12M): IDEV $2.87; SPDW $1.52
Last payment: IDEV $1.34; SPDW $0.72
Ex-dividend: IDEV Jun 15, 2026; SPDW Jun 22, 2026
Paid on: IDEV Jun 18, 2026; SPDW Jun 26, 2026
Frequency: IDEV Twice a year; SPDW Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IDEVTwice a year · 20 paymentsAll IDEV payments⁠

SPDWTwice a year · 19 paymentsAll SPDW payments⁠

IDEV vs SPDW Risk

Fall from peak · 5 years

IDEV
SPDW

Risk facts

VolatilityStd dev, 3 years: IDEV 11.8%, betterSPDW 12.7%
Return per unit of riskSharpe ratio, 3 years: IDEV 1.26SPDW 1.27, better
Worst fallMax drawdown, 5 years: IDEV −29.1%, betterSPDW −29.9%
Market sensitivityBeta, 5 years: IDEV 0.80SPDW 1.03; Market = 1

IDEV 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, 2026IDEVSPDW
Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026IDEV

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IDEV vs SPDW

In short

Stated mandate

Why people hold it

Worth knowing

How IDEV and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDEV

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

Best international ETFs: one cheap fund, then the Korea choice

How IDEV and SPDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDEV

Only in SPDW

Weight gaps