ETF Copilot
Developed ex-US

Is CWI a good investment?

Updated October 9, 2026

State Street SPDR MSCI ACWI ex-US ETF (CWI) is a developed ex-US international ETF. As of October 9, 2026, ETF Copilot scores CWI 5.0 out of 10 — highest on Quality (6.1), lowest on Value (2.4). It trades at 16.3 times earnings, against its own median of 15.6. Its ten largest holdings are 16% of the fund.

What stands out in CWI's data

International equities outside the U.S., spanning developed markets worldwide.

Trades at a higher price relative to earnings than the typical developed-market fund — you pay more for the same income stream.

Its trailing EBITDA multiple of 10.9x is above the category median of 10.4x and above its own historical median of 9.4x, meaning you pay a higher price for earnings than typical. The fund holds 1,095 stocks across developed markets.

Adds developed-market breadth to a U.S.-anchored portfolio.

How is CWI rated? ETF Copilot scores State Street SPDR MSCI ACWI ex-US ETF (CWI) 5.0 out of 10

As of October 9, 2026, ETF Copilot scores State Street SPDR MSCI ACWI ex-US ETF (CWI) 5.0 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

  • Overall: 5.0 / 10
  • Growth: 5.3 / 10
  • Value: 2.4 / 10
  • Risk: 6.0 / 10
  • Quality: 6.1 / 10
  • Return: 5.2 / 10

Is CWI expensive right now? It trades at 16.3 times earnings, against its own median of 15.6

As of October 9, 2026, CWI is more expensive than 70% of its own last 9 years.

Trailing 12 months, built from CWI's holdings. How we calculate this →

What's inside CWI? 23% Tech

What's inside CWI: Size (Large 81%, Mid 18%, Small 0%); Geography (International 100%, US 0%); Tech 23.1%; AI 2.9%; Semiconductors 12.6%; Memory 9.0%.

What are CWI's top holdings? The ten largest are 16% of the fund

Taiwan Semiconductor, Samsung Electronics, ASML, SK Hynix, HSBC, Roche, Tencent, Royal Bank of Canada and Shell are CWI's largest holdings, in that order.

Less concentrated than 54% of Developed ex-US ETFs.

Half of CWI's weight sits in its 101 largest positions, and once those weights are taken into account it behaves like 191 equally weighted holdings.

What is CWI's expense ratio? 0.30% a year

As of October 9, 2026, CWI charges 0.30% a year, yields 2.69% and holds $2.9B in assets across 1095 positions.

State Street SPDR MSCI ACWI ex-US ETF (CWI) — cost, income and size
MeasureCWI
Expense ratio0.30%
Dividend yield2.69%
Assets under management$2.9B
Holdings1095

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.

Cite this

ETF Copilot, “State Street SPDR MSCI ACWI ex-US ETF (CWI) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/cwi

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