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SPDR S&P World ex US (SPDW)


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Upturn Advisory Summary
10/29/2025: SPDW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
|  Type  ETF |  Historic Profit  -0.13% |  Avg. Invested days  61 |  Today’s Advisory  Consider higher Upturn Star rating  | 
|  Upturn Star Rating   |  Upturn Advisory Performance   2.0 |  ETF Returns Performance   1.0 | 
|  Profits based on simulation |  Last Close 10/29/2025 | 
Key Highlights
|  Volume (30-day avg)  -  |  Beta  1.04  |  52 Weeks Range  31.75 - 40.52  |  Updated Date  06/29/2025  | 
|  52 Weeks Range  31.75 - 40.52  |  Updated Date  06/29/2025  | 
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SPDR S&P World ex US
ETF Overview
 Overview
 Overview 
The SPDR S&P World ex US ETF (GWX) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S. BMI Index. It provides broad exposure to developed markets outside the United States, offering diversification benefits.
 Reputation and Reliability
 Reputation and Reliability 
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record of managing ETFs.
 Management Expertise
 Management Expertise 
SSGA has extensive experience in managing index-tracking ETFs, leveraging significant resources and expertise in global markets.
Investment Objective
 Goal
 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. BMI Index.
Investment Approach and Strategy
Strategy: Tracks the S&P Developed Ex-U.S. BMI Index, a market-capitalization-weighted index representing developed markets excluding the United States.
Composition Primarily holds stocks of companies located in developed markets outside of the US, reflecting the index composition.
Market Position
Market Share: GWX's market share is influenced by the broader developed market ex-US ETF segment, facing competition from other similar ETFs.
Total Net Assets (AUM): 3100000000
Competitors
 Key Competitors
 Key Competitors 
- VEA
- VXUS
- IEFA
Competitive Landscape
The developed ex-US ETF market is competitive. GWX offers a specific index tracking and is more expensive than competing ETF's such as VEA. GWX and VEA are comparable, however, VEA is more popular due to its lower expense ratio. VXUS provides broader market diversification, capturing both developed and emerging markets.
Financial Performance
Historical Performance: Historical performance data not directly available, rely on index performance.
Benchmark Comparison: The ETF's performance closely tracks the S&P Developed Ex-U.S. BMI Index. Any deviations are primarily due to fees and expenses.
Expense Ratio: 0.24
Liquidity
Average Trading Volume
GWX exhibits moderate liquidity, with a generally sufficient average trading volume for most investors.
Bid-Ask Spread
The bid-ask spread is typically reasonable, reflecting the fund's liquidity and underlying market conditions.
Market Dynamics
Market Environment Factors
Global economic conditions, currency fluctuations, and geopolitical events impact the performance of developed markets ex-US, influencing GWX.
Growth Trajectory
Growth is tied to the overall health and performance of developed economies outside the U.S., with adjustments reflecting index composition changes.
Moat and Competitive Advantages
Competitive Edge
GWX's advantage lies in its established presence and SSGA's management expertise. While not unique, it provides precise tracking of the S&P Developed Ex-U.S. BMI Index. SSGA's strong brand recognition and distribution network help maintain its competitive standing. However, lower-cost alternatives offer a significant challenge. The ETF offers consistent and predictable returns mirroring the index.
Risk Analysis
Volatility
GWX exhibits moderate volatility, reflecting the inherent risks of investing in international equity markets.
Market Risk
Underlying assets are subject to market risk, including economic downturns, political instability, and currency fluctuations in the respective countries.
Investor Profile
Ideal Investor Profile
Investors seeking diversified exposure to developed equity markets outside the United States for long-term growth.
Market Risk
Suitable for long-term investors seeking geographic diversification and passive index-tracking exposure.
Summary
The SPDR S&P World ex US ETF (GWX) offers exposure to developed equity markets, mirroring the S&P Developed Ex-U.S. BMI Index. Managed by State Street Global Advisors, it's suited for long-term investors looking for geographic diversification. While it tracks its index closely, its expense ratio is not as low as competing funds. GWX faces competition from other ETFs that offer similar exposure at a lower cost, or broader exposures in global markets. Its performance is driven by the economic health and market conditions of the developed nations represented in the index.
Similar ETFs
Sources and Disclaimers
Data Sources:
- SSGA Website
- ETF.com
- Morningstar
Disclaimers:
Data and analysis are based on available information and subject to change. Investors should conduct their own due diligence before investing.
 AI Summarization is directionally correct and might not be accurate.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current.
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data.
 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.
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About SPDR S&P World ex US
|  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 companies domiciled in developed countries outside the United States.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.


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