State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a developed ex-US international ETF. As of October 28, 2026, ETF Copilot scores SPDW 4.5 out of 10 — highest on Risk (5.6), lowest on Value (3.0). It trades at 16.0 times earnings, against its own median of 15.6. Its ten largest holdings are 12% of the fund.
What stands out in SPDW's data
Owns a focused strategy: developed ex-U.S. stocks across the international broad market.
Trades at a higher price than its own history — the market is paying more for the same earnings.
Its trailing EBITDA multiple of 10.4x sits above the category median of 10.1x and its own 9.4x history. Holdings 2,415 names broadly, with a 0.03% fee well under the 0.3% norm.
A broad international sleeve that adds developed-market exposure beyond the U.S.
How is SPDW rated? ETF Copilot scores State Street SPDR Portfolio Developed World ex-US ETF (SPDW) 4.5 out of 10
As of October 28, 2026, ETF Copilot scores State Street SPDR Portfolio Developed World ex-US ETF (SPDW) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 4.6 / 10
- Value: 3.0 / 10
- Risk: 5.6 / 10
- Quality: 4.0 / 10
- Return: 5.2 / 10
Is SPDW expensive right now? It trades at 16.0 times earnings, against its own median of 15.6
As of October 28, 2026, SPDW is more expensive than 60% of its own last 9 years.
Trailing 12 months, built from SPDW's holdings. How we calculate this →
What's inside SPDW? 16% Tech
What's inside SPDW: Size (Large 66%, Mid 27%, Small 8%); Geography (International 100%, US 0%); Tech 15.7%; AI 1.6%; Semiconductors 6.2%; Memory 6.4%.
What are SPDW's top holdings? The ten largest are 12% of the fund
Samsung Electronics, ASML, SK Hynix, Roche, HSBC, Shell, Royal Bank of Canada, Novartis, AstraZeneca and Nestle are SPDW's largest holdings, in that order.
Less concentrated than 77% of Developed ex-US ETFs.
Half of SPDW's weight sits in its 128 largest positions, and once those weights are taken into account it behaves like 280 equally weighted holdings.
What is SPDW's expense ratio? 0.03% a year
As of October 28, 2026, SPDW charges 0.03% a year, yields 3.03% and holds $41.0B in assets across 2415 positions.
| Measure | SPDW |
|---|---|
| Expense ratio | 0.03% |
| Dividend yield | 3.03% |
| Assets under management | $41.0B |
| Holdings | 2415 |
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 Portfolio Developed World ex-US ETF (SPDW) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/spdw
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