FEDM vs SPDW: holdings overlap, shared companies and scores
As of October 9, 2026, FEDM and SPDW overlap 35.6% by weight. Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM): Developed ex-US ESG stocks. State Street SPDR Portfolio Developed World ex-US ETF (SPDW): Developed-country companies outside the U.S.
Updated October 9, 2026
Where FEDM and SPDW trade against their own history
FEDM trades at 17.8 times earnings, against its own median of 16.4, and is more expensive than 77% of its own last 5 years.
SPDW trades at 16.2 times earnings, against its own median of 15.6, and is more expensive than 63% of its own last 9 years.
What moved SPDW this week
SPDW fell 1.1% in the week to October 9, 2026. The holdings that moved it most were SK Hynix (−8.3%), ASML (−3.4%) and Rolls-Royce (−6.0%); Shell (+5.7%) pushed the other way.
What do FEDM and SPDW each hold?
What's inside FEDM: Tech 13%, Semiconductors 6%.
17% of FEDM is its ten largest holdings.
What's inside SPDW: Tech 17%, Semiconductors 8%.
13% of SPDW is its ten largest holdings.
How much do FEDM and SPDW overlap? 35.6% by weight
As of October 9, 2026, FEDM and SPDW overlap 35.6% by weight.
100% of FEDM is already inside SPDW.
40% of SPDW is already inside FEDM.
FEDM holds 213 companies and SPDW holds 2,419; 209 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FEDM and SPDW? 4.4 and 4.6 out of 10
As of October 9, 2026, ETF Copilot scores FEDM 4.4 out of 10 and SPDW 4.6 out of 10.
They differ most on Quality: FEDM 6.1 and SPDW 4.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FEDM | SPDW |
|---|---|---|
| Growth | 4.1 | 4.8 |
| Value | 2.3 | 2.7 |
| Risk | 6.3 | 5.6 |
| Quality | 6.1 | 4.3 |
| Return | 3.8 | 5.4 |
SPDW is the cheaper of the two at 0.03% a year
As of October 9, 2026, FEDM charges 0.16% a year, yields 2.94% and holds $80M in assets across 213 positions.
As of October 9, 2026, SPDW charges 0.03% a year, yields 3.03% and holds $40.5B in assets across 2419 positions.
| Measure | FEDM | SPDW |
|---|---|---|
| Expense ratio | 0.16% | 0.03% |
| Dividend yield | 2.94% | 3.03% |
| Assets under management | $80M | $40.5B |
| Holdings | 213 | 2419 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “FEDM vs SPDW holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fedm-vs-spdw
- Northern Trust ESG & Climate Developed Markets ex-US Core ETF (FEDM)
- State Street SPDR Portfolio Developed World ex-US ETF (SPDW)
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