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SPDR® S&P International Small Cap ETF (GWX)



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Upturn Advisory Summary
07/16/2025: GWX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -23.02% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.08 | 52 Weeks Range 28.14 - 37.10 | Updated Date 06/29/2025 |
52 Weeks Range 28.14 - 37.10 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® S&P International Small Cap ETF
ETF Overview
Overview
The SPDRu00ae S&P International Small Cap ETF (GWX) seeks to provide investment results that correspond generally to the total return performance of the S&P Developed Ex-U.S. Under USD 6 Billion Index. It focuses on small-cap companies located in developed countries outside of the United States, aiming for diversified exposure.
Reputation and Reliability
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its long history and wide range of investment products.
Management Expertise
SSGA has a dedicated team of portfolio managers and analysts with extensive experience in managing ETFs and indexing strategies.
Investment Objective
Goal
To provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S. Under USD 6 Billion Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, attempting to hold all or substantially all of the securities comprising the index, in proportion to their weightings in the index.
Composition The ETF primarily holds stocks of small-cap companies located in developed countries outside of the United States.
Market Position
Market Share: GWX has a moderate market share within the international small-cap ETF segment.
Total Net Assets (AUM): 3479894721
Competitors
Key Competitors
- Vanguard FTSE All-World ex-US Small-Cap ETF (VSS)
- iShares Core MSCI EAFE ETF (IEFA)
- iShares MSCI EAFE Small-Cap ETF (SCZ)
Competitive Landscape
The international small-cap ETF market is competitive, with several providers offering similar exposure. GWX's advantage lies in its tracking of the S&P index, which may appeal to investors seeking specific benchmark exposure. A potential disadvantage could be a slightly higher expense ratio compared to some competitors. Competition continues to drive down expenses and improve investment options.
Financial Performance
Historical Performance: Historical performance data is not directly presented here, but would be accessed via financial data providers and presented in a structured array format for plotting if available.
Benchmark Comparison: Benchmark comparison data is not directly presented here, but would be accessed via financial data providers and compared to the S&P Developed Ex-U.S. Under USD 6 Billion Index if available.
Expense Ratio: 0.4
Liquidity
Average Trading Volume
GWX exhibits moderate liquidity, indicated by its average daily trading volume, allowing for relatively easy buying and selling of shares.
Bid-Ask Spread
The bid-ask spread for GWX is generally tight, reflecting its liquidity and efficient trading.
Market Dynamics
Market Environment Factors
Economic indicators in developed ex-US countries, sector growth prospects in those regions, and global market conditions all influence the performance of GWX. Currency fluctuations also affect returns.
Growth Trajectory
GWX's growth trajectory is tied to the performance of international small-cap equities. Changes to the index methodology or holdings would be reflected in the ETF's performance.
Moat and Competitive Advantages
Competitive Edge
GWX's competitive advantage comes from tracking the widely recognized S&P Developed Ex-U.S. Under USD 6 Billion Index, which gives it a clear and transparent investment mandate. It offers a cost-effective way to access a diversified portfolio of international small-cap stocks. SSGA's brand recognition and established ETF platform also contribute to its competitive positioning. This leads to higher investor confidence as it's from a well known company. The fund provides precise exposure to a specific segment of the market.
Risk Analysis
Volatility
GWX's volatility is expected to be higher than broader market ETFs due to the nature of small-cap stocks and international exposure.
Market Risk
Market risk for GWX includes economic downturns in developed countries, currency fluctuations, and geopolitical events. Small-cap stocks are inherently more volatile than large-cap stocks.
Investor Profile
Ideal Investor Profile
The ideal investor for GWX is someone seeking international diversification, exposure to small-cap equities, and is comfortable with moderate to high volatility.
Market Risk
GWX is suitable for long-term investors with a higher risk tolerance, and those looking to diversify their portfolio with international small-cap exposure.
Summary
SPDRu00ae S&P International Small Cap ETF (GWX) offers exposure to small-cap equities in developed countries outside the U.S., tracking the S&P Developed Ex-U.S. Under USD 6 Billion Index. SSGA manages it, and the fund provides a liquid and relatively cost-effective way to gain international small-cap exposure. The ETF is suitable for investors with a long-term horizon and higher risk tolerance, seeking diversification through international small-cap equities. The ETF faces stiff competition but maintains a large presence because of its established history and high AUM.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions and ETF performance can change rapidly. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® S&P International Small Cap ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a float-adjusted market capitalization weighted index designed to define and measure the investable universe of publicly traded small-cap companies, as defined by the index, domiciled in developed countries outside the United States.

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