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ETFs

SPDR MSCI ACWI ex-US ETF

CWI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 10, 2007
Expense Ratio
0.3%
Type
Global Ex. US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$9,054,488
AUM
$1,462,187,734
Associated Index
MSCI ACWI ex-US Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TSM
Taiwan Semiconductor Manufacturing - ADR
1.59%
NESN
Nestle SA
1.44%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
1.34%
SMSN.LON.GBP
Samsung Electronics Co., Ltd. Sponsored GDR
1.12%
700
Tencent Holdings Ltd.
1.09%
ASML
ASML Holding NV
1.05%
MC
Lvmh Moet Hennessy Vuitton SE
0.98%
SHEL
Shell Plc
0.97%
NOVN
Novartis AG - Registered Shares
0.94%
ROG
Roche Holding AG
0.88%
Invest with CWI
Trade CWI Options

What is CWI?

The SPDR MSCI ACWI ex-US ETF before expenses seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (ticker: NDUEACWZ)

1M
3M
6M
YTD
1Y
3Y
Max
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CWI
Performance Measures**

for the time period Jan 17, 2007 to Dec 4, 2025

Returns

1M Trailing Return: 2.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 6.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -60.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 22.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.08

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCWI

ETFs correlated to CWI include VEU, ACWX, VXUS

CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toCWI

SPDRverse

Category

Cross-asset momentum, sector rotation, SPDR ETFs, daily rebalancing, tactical allocation

OOS Cumulative Return

-3.32%

Create your own algorithmic trading strategy with CWI using Composer

FAQ

CWI is a Global Ex. US Equities ETF. The SPDR MSCI ACWI ex-US ETF before expenses seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (ticker: NDUEACWZ)

CWI tracks the MSCI ACWI ex-US Index.

No, CWI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CWI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CWI is -0.0032%. This is the percent change in the value of CWI over the most recent 1-month period. The 3-month return on CWI is -0.0203%. This is the percent change in the value of CWI over the most recent 3-month period.

The standard deviation of CWI for the past year is 0.1675%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CWI include EZU, EFA, and EEM.

ETFs correlated to CWI include VEU, ACWX, and VXUS.

ETFs that are inversely correlated to CWI include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.