What is the expense ratio of SPDW vs SPSM?

SPDW has an expense ratio of 0.03%, while SPSM has an expense ratio of 0.03%.

SPDW vs SPSM

State Street SPDR Portfolio Developed World ex-US ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF

Last updated: 2026-04-10

SPDW SPDR

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund issued by SPDR that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.04%. Launched in 2007, the fund has a 19-year track record.

AUM: $38.2B ER: 0.03% Yield: 3.04% Since: Apr 20, 2007

SPSM SPDR

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund issued by SPDR that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.52%. Launched in 2013, the fund has a 13-year track record.

AUM: $14.6B ER: 0.03% Yield: 1.52% Since: Jul 8, 2013

Quick Verdict

SPDW has edged ahead over the past year (39.9% vs 37.6%). Income investors may prefer SPDW for its higher yield (3.0% vs 1.5%).

Key Metrics

Metric	SPDW	SPSM
Expense Ratio	0.03%	0.03%
Dividend Yield	3.0%	1.5%
Fund Family	SPDR	SPDR
Category	International Developed	US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

SPDW +33.0%

SPSM +18.5%

Performance Comparison

Period	SPDW	SPSM	Difference
1 Month	+2.75%	+4.27%	-1.52%
3 Months	+4.27%	+2.71%	+1.56%
6 Months	+12.72%	+11.44%	+1.28%
YTD	+7.12%	+7.01%	+0.11%
1 Year	+39.87%	+37.58%	+2.29%
3 Years	+48.69%	+34.97%	+13.72%
5 Years	+32.96%	+18.48%	+14.48%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SPDW Fees	SPSM Fees	You Save
$10,000	10 years	$60	$60	$0
$10,000	20 years	$258	$258	$0
$10,000	30 years	$835	$835	$0
$50,000	10 years	$299	$299	$0
$50,000	30 years	$4,176	$4,176	$0
$100,000	30 years	$8,352	$8,352	$0

Risk Metrics

Based on 5 years of daily returns

Metric	SPDW	SPSM
Annualized Volatility	16.4%	21.5%
Max Drawdown	-33.0%	-28.7%
Sharpe Ratio	0.16	0.06

Dividend Comparison

Metric	SPDW	SPSM
Annual Dividend (per share)	$1.47	$0.77
Dividend Yield	3.05%	1.52%
Distribution Frequency	Semi-Annual or Annual	Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

SPDW Top Holdings

Name	Weight
Samsung Electronics Co., Ltd.!lon/SMSN	2.13%
ASML Holding N.V.!ams/ASML	1.71%
SK hynix Inc.!krx/000660	1.19%
AstraZeneca PLC!lon/AZN	0.99%
HSBC Holdings plc!lon/HSBA	0.97%
Novartis AG!swx/NOVN	0.93%
Roche Holding AG!swx/ROP	0.87%
Shell plc!lon/SHEL	0.83%
Nestlé S.A.!swx/NESN	0.81%
Toyota Motor Corporation!tyo/7203	0.81%

SPSM Top Holdings

Name	Weight
Viavi Solutions Inc.VIAV	0.60%
FormFactor, Inc.FORM	0.57%
Eastman Chemical CompanyEMN	0.53%
Primoris Services CorporationPRIM	0.53%
Element Solutions IncESI	0.53%
Argan, Inc.AGX	0.51%
Semtech CorporationSMTC	0.51%
ESCO Technologies Inc.ESE	0.50%
Match Group, Inc.MTCH	0.49%
Viasat, Inc.VSAT	0.48%

Which One Should You Choose?

Choose SPDW if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SPDW if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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