SPDW vs URTH: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Developed World ex-US ETF

SPDWANYSE Arca

iShares MSCI World ETF

URTHBNYSE Arca

Overlap

26.7%by weight

Expense ratio

SPDW −0.21pt a year

SPDW0.03%URTH0.24%

Avg volume · 30D

SPDW 4.9×the volume

SPDW2.99MURTH613K

10Y return · a year

URTH +3.2pt

SPDW+9.9%URTH+13.1%

SPDW vs URTH Performance

Nov 9, 2021 – Nov 9, 2026

+53.3%SPDW+62.9%URTH

Expense ratio: SPDW 0.03%, better; URTH 0.24%
Fund size: SPDW $40.1B; URTH $9.64B
1Y total return: SPDW +18.5%, better; URTH +13.9%
Yield (12M): SPDW 3.05%, better; URTH 1.39%
Holdings: SPDW 2447; URTH 1268
Avg volume (30D): SPDW 2.99M sh, better; URTH 613K sh
NAV per share: SPDW $48.15; URTH $199.60
52W range

ETF.net Grade

Pillar letters and Scores for SPDW, URTH, with each pillar’s weight
Pillar	SPDW	URTH
Cost30% weight	A90Higher	D30
Mission25% weight	A100Higher	A94
Risk15% weight	C50Higher	C49
Tradability15% weight	B60	A77Higher
Holdings10% weight	A90Higher	D31
Durability5% weight	A76Higher	A71

Rank among Developed International Core funds

How we build Categories ›

Same Category. SPDW and URTH 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 URTH 11th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 82
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 81
Rank 3AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 11BBBEUJPMorgan BetaBuilders Europe ETFScore 58
Rank 11BURTHiShares MSCI World ETFScore 58
Rank 13BFLEEFranklin FTSE Europe ETFScore 57

Our read on each fund

ETF.net Research

SPDWAState Street SPDR Portfolio Developed World ex-US ETF

URTHBiShares MSCI World ETF

In short

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.

URTH Most developed-market ETFs hand you everything except America. URTH takes MSCI World whole, US included, so one ticker holds large and mid caps across 23 developed countries.

Stated mandate

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.

URTH The fund seeks to track an index representing developed-market equities from around the globe.

Why people hold it

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.

URTH One ticket for the developed world: roughly 1,300 large and mid caps across 23 developed countries, covering about 85% of each market's free-float value.msci.com
Trading since 2012 under the iShares roof, and it stays close to the MSCI World index it promises.
A multi-billion-dollar fund that changes hands actively, which tends to keep spreads narrow on ordinary-size orders.
Sits in the upper half of its developed-market index peer group.

Worth knowing

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.

URTH 0.24% a year is above the typical fee in this cohort. Ex-US peers VEA, SPDW and SCHF charge 0.03%, but they leave the US slice for you to add separately.
Market-cap weighted, so the US, the largest developed market, carries the heaviest weight and the mega caps set the tone.msci.com
Developed markets, large and mid caps only: no emerging markets, no small caps.msci.com

Full SPDW profile⁠

Full URTH profile⁠

SPDW vs URTH Holdings

How SPDW and URTH differ

Overlap by weight

26.7%

Shared holdings make up 78.6% of SPDW and 26.8% of URTH.

Level by level

Countryby domicile25.6%
Holdings704 in both26.7%
Sector11 Sectors77.9%
Asset classStocks100%

Sector

Sector weights in SPDW and URTH, widest gap first
Sector	Gap	SPDW	URTH
Technology	URTH +16.0 points	12.8%	28.8%
Financials	SPDW +7.8 points	24.4%	16.6%
Industrials	SPDW +7.1 points	17.5%	10.4%
Materials	SPDW +4.1 points	7.3%	3.2%
Communication	URTH +3.9 points	3.6%	7.5%
Health Care	URTH +1.6 points	8.9%	10.5%
Energy	SPDW +0.9 points	5.1%	4.2%
Utilities	SPDW +0.9 points	3.4%	2.5%
Consumer Staples	SPDW +0.7 points	6.2%	5.5%
Real Estate	SPDW +0.6 points	2.3%	1.7%
Consumer Discretionary	URTH +0.4 points	8.6%	9.0%

Country, concentration and asset class

Country by domicile

Country weights in SPDW and URTH, widest gap first
Country	Gap	SPDW	URTH
United States	URTH +74.4 points	1.6%	76.0%
Japan	SPDW +15.2 points	21.3%	6.1%
Canada	SPDW +7.5 points	11.2%	3.7%
United Kingdom	SPDW +7.3 points	11.1%	3.8%
South Korea	SPDW +7.0 points	7.0%	0.0%
Switzerland	SPDW +4.9 points	7.5%	2.6%
Germany	SPDW +4.1 points	6.4%	2.3%
Australia	SPDW +4.1 points	5.8%	1.7%
Other countries (22)	SPDW +24.3 points	28.1%	3.8%

Outside the US: SPDW 91% developed, 9% emerging. URTH 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

SPDW11.8%
URTH26.6%

Securities held

SPDW2,427
URTH1,249

Asset class

SPDW: Stocks
URTH: Stocks

Holdings

Only in SPDW1,723
In both704
Only in URTH545

Only in SPDW

1,723 securities, 21.3% of SPDW by weight

Samsung Electr Gdr Reg’s2.06%
Sk Hynix Inc1.52%
Samsung Electronics Pref0.27%
Nordea Bank Abp0.19%
Dhl AG0.19%
Generali0.16%
Ferrari NV0.15%
Waste Connections Inc0.15%
Kb Financial Group Inc0.15%
Sk Square Co Ltd0.15%
Swiss Life Holding AG Reg0.12%
Samsung Electro Mechanics Co0.11%
Swedbank Ab A Shares0.11%
Intercontinental Hotels Grou0.10%
Teck Resources Ltd Cls B0.10%
Stmicroelectronics NV0.10%
Shinhan Financial Group Ltd0.10%
Hyundai Motor Co0.09%
Michelin (Cgde)0.08%
Celltrion Inc0.08%
Samsung Electronics Co Ltd0.08%
Arm Holdings PLC Adr0.08%
Relx PLC0.07%
Hana Financial Group0.07%
Bombardier Inc B0.07%
Samsung Sdi Co Ltd0.06%
Naver Corp0.06%
Kia Corp0.06%
Hennes & Mauritz Ab B Shs0.06%
Bluescope Steel Ltd0.06%
Ryanair Holdings PLC Sp Adr0.06%
Aritzia Inc Subordinate Voti0.06%
Posco Holdings Inc Spon Adr0.05%
Samsung Life Insurance Co Lt0.05%
Hongkong Land Holdings Ltd0.05%
Samsung C+t Corp0.05%
Icon PLC0.05%
Hyundai Mobis Co Ltd0.05%
Iamgold Corp0.05%
Sbm Offshore NV0.05%
Hanwha Aerospace Co Ltd0.05%
Flsmidth & Co A/S0.05%
Ansell Ltd0.05%
Doosan Enerbility Co Ltd0.04%
Intl Consolidated Airline Di0.04%
Woori Financial Group Inc0.04%
Voestalpine AG0.04%
Kt+g Corp0.04%
Samsung Fire & Marine Ins0.04%
Telecom Italia Spa0.04%

Only in URTH

545 securities, 73.0% of URTH by weight

Apple5.74%
NVIDIA4.90%
Microsoft4.27%
Amazon.com Inc2.86%
Alphabet Class A1.91%
Meta Platforms Class A1.53%
Broadcom Inc1.51%
Alphabet Class C1.51%
Eli Lilly1.24%
Tesla Inc1.17%
JPMorgan Chase & Co1.01%
Berkshire Hathaway Inc Class B0.92%
Micron Technology0.89%
Advanced Micro Devices0.84%
Visa Class A0.80%
Exxonmobil Holdings Corp0.78%
Johnson & Johnson0.76%
Walmart0.63%
Mastercard Class A0.60%
AbbVie0.59%
Costco Wholesale Corp0.53%
Chevron0.45%
Procter & Gamble0.44%
Coca-Cola0.42%
Cisco Systems Inc0.42%
Merck & Co Inc0.41%
UnitedHealth Group0.41%
Palantir Technologies Class A0.40%
Home Depot0.39%
Ge Aerospace0.38%
Bank of America0.37%
Philip Morris International0.35%
Netflix0.30%
Applied Material Inc0.30%
Thermo Fisher Scientific0.29%
Caterpillar Inc0.29%
Wells Fargo0.29%
Rtx0.29%
Goldman Sachs Group0.29%
Palo Alto Networks0.29%
Texas Instrument0.29%
Lam Research0.29%
Amgen Inc0.28%
Intel Corporation0.28%
Linde PLC0.27%
International Business Machines Co0.26%
Crowdstrike Holdings Class A0.25%
Morgan Stanley0.24%
Ge Vernova0.24%
Gilead Sciences0.24%

Weight gaps

The 100 widest of 704 Holdings in both funds.

Holding weights in SPDW and URTH, widest gap first
Holding	Gap	SPDW	URTH
Asml Holding NV	SPDW +1.10 points	1.73%	0.63%
Roche Holding AG	SPDW +0.66 points	1.04%	0.38%
Hsbc Holdings PLCHSBA.L	SPDW +0.59 points	0.93%	0.34%
Novartis AG Reg	SPDW +0.59 points	0.93%	0.34%
Astrazeneca PLCAZN.L	SPDW +0.58 points	0.90%	0.32%
Shell PLCSHEL.L	SPDW +0.57 points	0.90%	0.33%
Toyota Motor Corp	SPDW +0.57 points	0.80%	0.23%
Royal Bank of Canada	SPDW +0.56 points	0.88%	0.32%
Nestle SA Reg	SPDW +0.54 points	0.85%	0.31%
Mitsubishi Ufj Financial Gro	SPDW +0.52 points	0.77%	0.25%
Sap SE	SPDW +0.48 points	0.75%	0.27%
Siemens AG Reg	SPDW +0.43 points	0.67%	0.24%
Toronto Dominion Bank	SPDW +0.41 points	0.64%	0.23%
Bhp Group Ltd	SPDW +0.40 points	0.63%	0.23%
Commonwealth Bank of Austral	SPDW +0.38 points	0.60%	0.22%
Totalenergies SE	SPDW +0.38 points	0.58%	0.20%
Allianz SE Reg	SPDW +0.37 points	0.59%	0.22%
Banco Santander SA	SPDW +0.36 points	0.56%	0.20%
Shopify Inc Class A	SPDW +0.36 points	0.57%	0.21%
Sony Group Corp	SPDW +0.34 points	0.52%	0.18%
Recruit Holdings Co Ltd	SPDW +0.34 points	0.50%	0.16%
Iberdrola SA	SPDW +0.32 points	0.50%	0.18%
Ubs Group AG Reg	SPDW +0.31 points	0.48%	0.17%
Rolls Royce Holdings PLCRR.L	SPDW +0.31 points	0.47%	0.16%
Sumitomo Mitsui Financial Gr	SPDW +0.30 points	0.46%	0.16%
Unicredit Spa	SPDW +0.31 points	0.43%	0.13%
Banco Bilbao Vizcaya Argenta	SPDW +0.30 points	0.46%	0.16%
Unilever PLCULVR.L	SPDW +0.30 points	0.46%	0.16%
Mitsubishi Corp	SPDW +0.29 points	0.40%	0.11%
Schneider Electric SE	SPDW +0.29 points	0.45%	0.16%
Advantest Corp	SPDW +0.28 points	0.43%	0.15%
Airbus SE	SPDW +0.27 points	0.42%	0.15%
Hitachi Ltd	SPDW +0.27 points	0.41%	0.14%
Abb Ltd Reg	SPDW +0.26 points	0.41%	0.15%
Air Liquide SA	SPDW +0.27 points	0.42%	0.15%
Bp PLCBP.L	SPDW +0.27 points	0.40%	0.13%
Tokyo Electron Ltd	SPDW +0.26 points	0.39%	0.13%
British American Tobacco PLCBATS.L	SPDW +0.25 points	0.39%	0.14%
Novo Nordisk A/S B	SPDW +0.25 points	0.40%	0.15%
Bank of Montreal	SPDW +0.25 points	0.38%	0.13%
Intesa Sanpaolo	SPDW +0.24 points	0.35%	0.11%
Bank of Nova Scotia	SPDW +0.24 points	0.37%	0.13%
Aia Group Ltd	SPDW +0.24 points	0.36%	0.12%
Fast Retailing Co Ltd	SPDW +0.24 points	0.32%	0.08%
Zurich Insurance Group AG	SPDW +0.23 points	0.36%	0.13%
Lvmh Moet Hennessy Louis Vui	SPDW +0.23 points	0.36%	0.13%
Mizuho Financial Group Inc	SPDW +0.23 points	0.35%	0.12%
Dbs Group Holdings Ltd	SPDW +0.22 points	0.35%	0.13%
Tokio Marine Holdings Inc	SPDW +0.23 points	0.34%	0.11%
Itochu Corp	SPDW +0.22 points	0.31%	0.09%
Cie Financiere Richemo A Reg	SPDW +0.22 points	0.35%	0.13%
L Oreal	SPDW +0.22 points	0.36%	0.14%
Can Imperial Bk of Commerce	SPDW +0.22 points	0.34%	0.12%
Safran SA	SPDW +0.22 points	0.35%	0.13%
Agnico Eagle Mines Ltd	SPDW +0.21 points	0.32%	0.11%
Bnp Paribas	SPDW +0.21 points	0.33%	0.12%
Enbridge Inc	SPDW +0.21 points	0.33%	0.12%
Sanofi	SPDW +0.21 points	0.32%	0.11%
Gsk PLCGSK.L	SPDW +0.20 points	0.32%	0.12%
Canadian Natural Resources	SPDW +0.20 points	0.31%	0.11%
Mitsui & Co Ltd	SPDW +0.20 points	0.28%	0.08%
Deutsche Telekom AG Reg	SPDW +0.20 points	0.31%	0.11%
Ing Groep NV	SPDW +0.19 points	0.30%	0.11%
Spotify Technology SASPOT	SPDW +0.20 points	0.30%	0.10%
Brookfield Corp	SPDW +0.19 points	0.29%	0.10%
Oversea Chinese Banking Corp	SPDW +0.19 points	0.27%	0.08%
Keyence Corp	SPDW +0.19 points	0.27%	0.08%
Softbank Group Corp	SPDW +0.18 points	0.28%	0.10%
Lloyds Banking Group PLCLLOY.L	SPDW +0.19 points	0.27%	0.08%
Rio Tinto PLCRIO.L	SPDW +0.19 points	0.29%	0.10%
Axa SA	SPDW +0.18 points	0.27%	0.09%
Canadian Pacific Kansas City	SPDW +0.18 points	0.27%	0.09%
Siemens Energy AG	SPDW +0.17 points	0.29%	0.12%
Anheuser Busch Inbev Sa/Nv	SPDW +0.17 points	0.26%	0.09%
National Australia Bank Ltd	SPDW +0.17 points	0.27%	0.10%
Westpac Banking Corp	SPDW +0.17 points	0.27%	0.10%
Muenchener Rueckver AG Reg	SPDW +0.17 points	0.26%	0.09%
Canadian Natl Railway Co	SPDW +0.17 points	0.24%	0.07%
National Grid PLCNG.L	SPDW +0.17 points	0.26%	0.09%
Anz Group Holdings Ltd	SPDW +0.17 points	0.26%	0.09%
Enel Spa	SPDW +0.16 points	0.26%	0.10%
Suncor Energy Inc	SPDW +0.17 points	0.26%	0.09%
Investor Ab B Shs	SPDW +0.16 points	0.25%	0.09%
Barclays PLCBARC.L	SPDW +0.15 points	0.24%	0.09%
Bae Systems PLCBA.L	SPDW +0.16 points	0.24%	0.08%
Hong Kong Exchanges & Clear	SPDW +0.15 points	0.19%	0.04%
Deutsche Bank AG Registered	SPDW +0.15 points	0.22%	0.07%
Shin Etsu Chemical Co Ltd	SPDW +0.15 points	0.21%	0.06%
Industria De Diseno Textil	SPDW +0.15 points	0.23%	0.08%
Eni Spa	SPDW +0.14 points	0.20%	0.06%
Glencore PLCGLEN.L	SPDW +0.15 points	0.22%	0.07%
Manulife Financial Corp	SPDW +0.14 points	0.22%	0.08%
Murata Manufacturing Co Ltd	SPDW +0.13 points	0.19%	0.06%
Barrick Mining Corp	SPDW +0.13 points	0.21%	0.08%
Deutsche Boerse AG	SPDW +0.14 points	0.21%	0.07%
Csl Ltd	SPDW +0.13 points	0.21%	0.08%
Nintendo Co Ltd	SPDW +0.14 points	0.20%	0.06%
Takeda Pharmaceutical Co Ltd	SPDW +0.13 points	0.21%	0.08%
Anglo American PLCAAL.L	SPDW +0.13 points	0.19%	0.06%
Infineon Technologies AG	SPDW +0.13 points	0.21%	0.08%

All 2,436 SPDW holdings⁠All 1,250 URTH 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.

SPDW vs URTH Cost

Overpaying URTH vs SPDW

$4,321

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

SPDW 0.03%
$638
URTH 0.24%
$4,959

Amount$10,000

Years30 years

Cost over time

SPDW 0.03%
URTH 0.24%
Overpaying

Year by year

Year	SPDW	URTH	Overpaying
10	$55	$437	$382
20	$216	$1,699	$1,483
30	$638	$4,959	$4,321

Expense ratio

0.03%SPDW, cheaper
0.24%URTH

SPDW0.03%URTH0.24%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SPDW cheapest of 20 funds

URTH 14th cheapest of 20 funds

SPDW vs URTH Dividends

Last 12 months to Nov 9, 2026

Yield (12M): SPDW 3.05%, better; URTH 1.39%
Payout (12M): SPDW $1.52; URTH $2.84
Last payment: SPDW $0.72; URTH $1.34
Ex-dividend: SPDW Jun 22, 2026; URTH Jun 15, 2026
Paid on: SPDW Jun 26, 2026; URTH Jun 18, 2026
Frequency: SPDW Twice a year; URTH Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

SPDWTwice a year · 19 paymentsAll SPDW payments⁠

URTHTwice a year · 21 paymentsAll URTH payments⁠

SPDW vs URTH Risk

Fall from peak · 5 years

SPDW
URTH

Risk facts

VolatilityStd dev, 3 years: SPDW 12.7%URTH 11.4%, better
Return per unit of riskSharpe ratio, 3 years: SPDW 1.27URTH 1.45, better
Worst fallMax drawdown, 5 years: SPDW −29.7%URTH −26.0%, better
Market sensitivityBeta, 5 years: SPDW 1.05URTH 0.96; Market = 1

SPDW and URTH 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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SPDW vs URTH

In short

Stated mandate

Why people hold it

Worth knowing

How SPDW and URTH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPDW

Only in URTH

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 SPDW and URTH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPDW

Only in URTH

Weight gaps