Is SPDW a good investment?

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a developed ex-US international ETF. As of September 11, 2026, ETF Copilot scores SPDW 4.8 out of 10 — highest on Growth (6.3), lowest on Valuation (2.2). It trades at 16.8 times earnings, against its own median of 13.9. Its ten largest holdings are 13% of the fund.

Updated September 11, 2026

How is SPDW rated? ETF Copilot scores State Street SPDR Portfolio Developed World ex-US ETF (SPDW) 4.8 out of 10

As of September 11, 2026, ETF Copilot scores State Street SPDR Portfolio Developed World ex-US ETF (SPDW) 4.8 out of 10 overall.

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

Overall: 4.8 / 10
Growth: 6.3 / 10
Valuation: 2.2 / 10
Risk: 4.2 / 10
Quality: 4.9 / 10
Return: 5.5 / 10

What is SPDW's expense ratio? 0.03% a year

As of September 11, 2026, SPDW charges 0.03% a year, yields 2.61% and holds $42.6B in assets across 2360 positions.

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) — cost, income and size
Measure	SPDW
Expense ratio	0.03%
Dividend yield	2.61%
Assets under management	$42.6B
Holdings	2360

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.

What stands out in SPDW's data

Owns a focused strategy: developed ex-U.S. stocks across the international broad market.

Trades at a richer price than most developed ex-U.S. peers — you pay more for each dollar of earnings.

Its trailing EBITDA multiple of 10.7x sits above the category median of 10.2x and the fund's own 9.4x history. Holdings number 2,360, and the 0.03% fee is exceptionally low.

A broad international sleeve that adds developed-market exposure beyond the U.S.

Why did SPDW move this week? It fell 1.0% in the week to September 11, 2026 — Novartis and Shopify drove it

SPDW fell 1.0% in the week to September 11, 2026. The holdings that moved it most were Novartis (−15.2%), Shopify (−11.5%) and Novo Nordisk A/S-B (−9.3%); SK Hynix (+14.8%) pushed the other way.

Is SPDW expensive right now? It trades at 16.8 times earnings, against its own median of 13.9

As of September 11, 2026, SPDW is more expensive than 93% of its own 114 monthly readings since 2017 — 106 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside SPDW? 17% Tech

What's inside SPDW: Size (Large 62%, Mid 27%, Small 11%); Geography (International 94%, US 6%); Tech 17.3%; AI 2.2%; Semiconductors 7.2%; Memory 6.8%.

What are SPDW's top holdings? The ten largest are 13% of the fund

Less concentrated than 64% of Developed ex-US ETFs.

Half of SPDW's weight sits in its 124 largest positions, and once those weights are taken into account it behaves like 253 equally weighted holdings.

Cite this

ETF Copilot, “State Street SPDR Portfolio Developed World ex-US ETF (SPDW) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/spdw