ETF Versus

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: 2026-04-02

SPDW State Street

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund issued by State Street 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 3.19%. Launched in 2007, the fund has a 19-year track record.

AUM: N/A ER: 0.03% Yield: 3.19% Since: 2007-04-26
SPSM State Street

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund issued by State Street 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 1.58%. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: 0.03% Yield: 1.58% Since: 2013-07-09

Quick Verdict

Over the past year, SPDW has significantly outperformed with a 25.6% return vs 17.2%. Income investors may prefer SPDW for its higher yield (3.2% vs 1.6%).

Key Metrics

Metric SPDW SPSM
Expense Ratio 0.03% 0.03%
Dividend Yield 3.2% 1.6%
Fund Family State Street State Street
Category International Developed US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

70 84 98 112 126 140 2021-04 2022-06 2023-10 2024-12 2026-04
SPDW +26.6%
SPSM +12.9%

Performance Comparison

Period SPDW SPSM Difference
1 Month -2.87% -3.44% +0.57%
3 Months +2.43% +2.81% -0.38%
6 Months +5.33% +4.13% +1.20%
YTD +2.43% +2.81% -0.38%
1 Year +25.60% +17.18% +8.42%
3 Years +42.12% +28.75% +13.37%
5 Years +26.60% +12.94% +13.66%

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 16.3% 21.5%
Max Drawdown -33.0% -28.7%
Sharpe Ratio 0.10 0.01

Dividend Comparison

Metric SPDW SPSM
Annual Dividend (per share) $1.47 $0.77
Dividend Yield 3.19% 1.58%
Distribution Frequency Semi-Annual or Annual Quarterly

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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