EWX
SPDR S&P Emerging Markets Small Cap ETF
SPDR S&P Emerging SmallCap ETF objective is to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 600.0 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | May 12, 2008 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| iShares U.S. Power Infrastructure ETF | 14.2 % |
| Corgi U.S. Equities 10% Structured Buffe | 9.0 % |
| ProShares Big Data Refiners ETF | 2.9 % |
| Invesco Dorsey Wright Consumer Staples M | 1.9 % |
| InfraCap Equity Income Fund ETF | 1.2 % |
| Clockwise Core Equity & Innovation ETF | 0.9 % |
| SSI US GOV MONEY MARKET CLASS | 0.7 % |
| iShares MSCI India ETF | 0.5 % |
| ProShares S&P Global Core Battery Metals | 0.4 % |
| Vanguard Mega Cap ETF | 0.4 % |
Constituent Breakdown
| Number of holdings | 1222 |
| Herfindahl-Hirschman Index | 189 |
| Wgt avg mkt cap (mns) | $614 |
| Large cap (>$10bn) | 0.2% |
| Mid cap ($2-10bn) | 4.8% |
| Small cap (<$2bn) | 44.5% |
| Developed mkts. | 2.1% |
| Emerging mkts. | 50.8% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 16.8 % |
 |
INDIA | 7.8 % |
 |
CHINA | 5.4 % |
 |
SOUTH AFRICA | 3.1 % |
 |
MALAYSIA | 3.1 % |
 |
BRAZIL | 2.3 % |
 |
THAILAND | 2.3 % |
 |
SAUDI ARABIA | 2.3 % |
 |
HONG KONG | 1.9 % |
 |
INDONESIA | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.3% | 5.7% | 6.8% | 10.0% | 3.9% | 5.1% | -- | 1.5% |
| Dividend Yield | 0.8% | 2.9% | 3.2% | 3.0% | 3.0% | 2.9% | -- | 2.8% |
| Total Returns | 9.1% | 8.6% | 9.9% | 13.0% | 6.9% | 8.1% | -- | 4.3% | Ann. Volatility | 19.7% | 17.9% | 17.4% | 16.3% | 15.8% | 17.2% | -- | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 55% |
| MSCI EAFE | 0.86 | 58% |
| MSCI Emg Mkts | 0.62 | 77% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $69.14 |
| Relative strength (RSI) | 34 |
| MACD/Signal | -1.53/-1.15 |
| Bollinger Bands (Upper/Lower) | $73.13/$64.71 |
| Short interest (% of AUM) | 3.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EWX |
Expenses vs. EWX |
ALTAR Score™ vs. EWX |
|---|---|---|---|---|
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | 23.6% | -23 bp | +0.5% |
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | 22.0% | +7 bp | -1.3% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 17.1% | -7 bp | +1.1% |
| TLTE | FlexShares Morningstar Emerging Markets Factor Tilt Index | 12.5% | -7 bp | +2.3% |
Risk and Returns: EWX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
8.2%
ALTAR SCORE™
49th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. EWX's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places EWX in the 49th percentile
among funds in the category.
Sell-Side Consensus
$84.5
PRICE TARGET
+31.0%
UPSIDE