State Street® SPDR® S&P® Emerging Markets Small Cap ETF

State Street® SPDR® S&P® Emerging Markets Small Cap ETF

About

State Street® SPDR® S&P® Emerging Markets Small Cap ETF (US78463X7562) is a US-listed physically replicated equity ETF tracking the S&P Emerging Under USD2 Billion Index. With a expense ratio of 0.65%, its costs are on the higher end for an ETF, paying distributions. The fund holds 3,375 positions across 2 regions with 709M in assets, launched in 2008. Over the past year, the fund returned 29.2%. We rate this fund 7.3/10.

7.3
  • 21%Tracking Difference10.0
  • TD Consistency
  • 9%Expense Ratio1.0
  • 11.25%Holding Count10.0
  • 22.5%Country Concentration5.9
  • 11.25%Sector Concentration7.3
  • 25%Assets Under Management7.2

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice. Last updated: Jul 14, 2026

Ticker EWX
ISIN
Fund Size $708.5M
Issuer SPDR
Distribution Pays Distributions
Replication Physical
Inception May 2008
Base Currency USD
Index S&P Emerging Under USD2 Billion Index
Asset Class Equities

Costs

7.3
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.65%
 
Metric Value
Expense Ratio 0.65%

Cumulative Returns

Performance across different time periods.
1 Month+4.07%
3 Months+0.05%
Year to Date+15.02%
1 Year+29.21%
3 Years+17.13%
5 Years+7.85%
Inception+4.81%
 
Period Cumulative Return
1 Month +4.07%
3 Months +0.05%
6 Months +0.10%
1 Year +29.21%
3 Years +17.13%
5 Years +7.85%
10 Years +10.00%
YTD +15.02%
Since Inception +4.81%

Holdings

10.0
This fund spreads its investments across 3,375 individual holdings, providing broad diversification.
 
Holding Weight
MACRONIX INTERNATIONAL CO 0.67%
WINWAY TECHNOLOGY CO LTD 0.62%
KINSUS INTERCONNECT TECH 0.60%
WALSIN TECHNOLOGY CORP 0.48%
LAND MARK OPTOELECTRONICS 0.40%
WIN SEMICONDUCTORS CORP 0.40%
KATILIMEVIM TASARRUF FINANSM 0.39%
HOLY STONE ENTERPRISE CO LTD 0.35%
CHIPBOND TECHNOLOGY CORP 0.33%
CO TECH DEVELOPMENT CORP 0.32%
INNODISK CORP 0.32%
AP MEMORY TECHNOLOGY CORP 0.31%
A DATA TECHNOLOGY CO LTD 0.30%

Sectors

7.3
This fund invests across 7 sectors, though some concentration exists in a few areas.
 
Sector Weight
Unknown 99.69%
Technology 0.12%
Communication Services 0.09%
Consumer Discretionary 0.05%
Consumer Staples 0.02%
Industrials 0.02%
Financials 0.01%

Regions

5.9
This fund invests across 3 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
UNKNOWN 99.68%
United States 0.29%
China 0.03%

Nerd Stuff

Advanced risk and return metrics (17 July 2023 — 7 July 2026).
14.1%
Volatility
-21.8%
Max Drawdown
0.57
Sharpe Ratio
0.78
Sortino Ratio
0.37
Calmar Ratio
0.19
Beta
4.29%
Alpha (Jensen's)
0.049
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
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