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Sunday, August 23, 2026The Morning Brief →Sign in
SPDWSPDR

SPDR Portfolio Developed World ex-US ETF

$52.02+0.79% today
415252-WK

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.

Price & daily flows
49.946.843.752.02DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$5.6B OVER THIS RANGE

The desk’s read

Money keeps arriving — +$389M of net buying over the past month, about 0.9% of the fund's asset base, while the price has returned +15.8% so far this year. At 0.030% a year, nothing comparable on our shelf runs cheaper.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$41.9Bassets under management
0.030%expense ratio · $3 per $10,000 a year
+$389Mnet flow, trailing month
2.3Mavg daily volume, 30 days
2480holdings · US-domiciled
2007listed April 19, 2007 · beta 1.07
The book at a glance
BP.-0.8%BA.-0.4%SHEL-0.3%BHP+3.6%DTE-2.1%ROP+0.3%RY+0.0%AZN+0.9%TSCOGSKTD+0.3%SHOP+1.4%CSLBMO+0.9%AEM+1.9%RIO+3.1%BNS+1.3%CM+0.7%ENB-1.0%CNQ+0.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1AMPAMERIPRISE FINANCIAL0.02%$555.59+1.6%
2BP.BP0.37%$44.76-0.8%
3BA.BOEING0.26%$214.20-0.4%
4SPXS&P 500 Index0.02%$7674.37+0.4%
5SHELSHELL0.79%$93.33-0.3%
6BHPBHP GROUP0.69%$97.03+3.6%
7DTEDTE ENERGY0.33%$135.22-2.1%
8SIGSIGNET JEWELERS0.03%$81.37+0.4%
9VODVODAFONE GROUP PUBLIC LTD0.12%$15.96-0.3%
10CNACNA FINANCIAL0.04%$48.98-1.0%
11PRUPRUDENTIAL FINANCIAL0.10%$121.15+0.5%
12ROPROPER TECHNOLOGIES0.95%$411.79+0.3%
13RYROYAL BANK OF CANADA0.83%$205.23+0.0%
14AIAISHARES ASIA 50 ETF0.03%$138.77+0.5%
15AZNASTRAZENECA0.74%$165.98+0.9%

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Sector weights
Finance21.47%
Financial Services19.79%
Financials19.13%
Consumer Discretionary18.04%
Industrials17.34%
Healthcare11.5%
Information Technology11.16%
Technology10.68%
Consumer Cyclical10.28%
Health Technology10.22%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan22.21%
United Kingdom12.3%
Canada9.4%
Switzerland8.14%
France8.03%
Germany6.54%
Australia6.13%
South Korea4.61%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.2%
1 month+5.2%
3 months+3.6%
6 months+6.5%
YTD+15.8%
1 year+22.9%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$109M
1 month+$389M
3 months+$664M
YTD+$2.8B
1 year+$5.6B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
15%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-11.5%deepest fall from a peak, 1 year
-0.4%where it sits vs. that peak today

The top holding is 0.9% of the book; the top ten carry 6%. Spread across 250+ names, it behaves like roughly 63 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
6calls today
puts today
put/call ratio
1.5Mshares traded
Most-traded holdings, options premiumBullishBearish
SPX S&P 500 Index$7B$7B
IREN IRIS ENERGY$30M$31M
BA. BOEING$15M$23M
ARM ARM HOLDINGS PLC$10M$17M
AEM AGNICO EAGLE MINES$15M$12M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against SPDW

Due diligence cuts both ways. These funds sit on the same shelf and beat SPDW on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M+$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M5× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B4× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M+$739M in over the monthHead-to-head
VWO Vanguard Emerging Markets Stock Index Fund0.08%$79.1B2× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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