CWI holdings and overlap

Name: CWI holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

State Street SPDR MSCI ACWI ex-US ETF (CWI) holds 1,097 positions in its SPDR file of 2026-10-27. Its three largest are Taiwan Semiconductor Manufac (2330.TW) at 3.15%, Samsung Electr GDR Reg S (SMSN.GB) at 2.37% and Taiwan Semiconductor Manufacturing (TSM) at 1.88%, and its ten largest make up 15.1% of the fund.

In its SPDR file of 2026-10-27, CWI is 20.8% financials, 15.3% technology and 12.4% industrials by sector (no sector found for 14.3%), with none of it in mega-cap tech or in the ten largest US companies by market value. By country, 14.7% of CWI is in Japan, 11.7% in the United Kingdom, 9.3% in Canada and 8.4% in Taiwan.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-28

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CWIState Street SPDR MSCI ACWI ex-US ETFInternational Large Blend, State Street SPDR, 1097 positions

Last close, 2026-10-28

$39.89 +0.55%

52-week range 34 to 42

Largest position

2330.TW

3.15% of the ETF, Taiwan Semiconductor Manufac

Positions

1097

15.1% in the ten largest

Cost per year

0.30%

$30 a year on $10,000

Assets

$2.9B

under management

Return, 3 years

+72.2%

cumulative, total return

Worst fall

-11.0%

peak to trough, 3 years, weekly closes

What does CWI hold, as of its issuer file of 2026-10-27?

CWI spreads its weight across 1097 positions, against a median of 1152 across the 29 International Large Blend funds with a page here. 42 of the 594 funds with a page hold 2330.TW, and CWI gives it more weight than all but 30 of them.

The 100 largest of the 1,097 positions in CWI's file; all 1,097 are in the fund's JSON file.
Rank	Company	Weight
1	2330.TW Taiwan Semiconductor Manufac	3.15%
2	SMSN.GB Samsung Electr GDR Reg S	2.37%
3	TSM Taiwan Semiconductor Manufacturing	1.88%
4	ASML.NL ASML Holding NV	1.81%
5	000660.KR SK Hynix Inc	1.52%
6	ROP.CH Roche Holding AG	0.98%
7	RY Royal Bank Of Canada	0.91%
8	HSBA.GB HSBC Holdings PLC	0.88%
9	SHEL.GB Shell PLC	0.83%
10	700.HK Tencent Holdings Ltd	0.8%
11	NOVN.CH Novartis AG	0.8%
12	NESN.CH Nestle SA	0.72%
13	SAP.DE SAP SE	0.72%
14	AZN.GB Astrazeneca PLC	0.71%
15	TD Toronto Dominion Bank	0.7%
16	8306.JP Mitsubishi UFJ Financial Gro	0.68%
17	SIE.DE Siemens AG	0.66%
18	BHP.AU BHP Group Ltd	0.58%
19	ALV.DE Allianz SE	0.58%
20	CBA.AU Commonwealth Bank of Austral	0.58%
21	SAN.ES Banco Santander SA	0.56%
22	IBE.ES Iberdrola SA	0.55%
23	SHOP Shopify	0.55%
24	9988.HK Alibaba Group Holding Ltd	0.55%
25	7203.JP Toyota Motor Corp	0.54%
26	TTE.FR Totalenergies SE	0.52%
27	ABBN.CH ABB Ltd	0.5%
28	6501.JP Hitachi Ltd	0.49%
29	D05.SG DBS Group Holdings Ltd	0.49%
30	UBSG.CH UBS Group AG	0.45%
31	SU.FR Schneider Electric SE	0.45%
32	BMO Bank Of Montreal	0.44%
33	BBVA.ES Banco Bilbao Vizcaya Argenta	0.44%
34	2454.TW Mediatek Inc	0.44%
35	6857.JP Advantest Corp	0.44%
36	6098.JP Recruit Holdings Co Ltd	0.43%
37	RR.GB Rolls Royce Holdings PLC	0.43%
38	6758.JP Sony Group Corp	0.42%
39	8316.JP Sumitomo Mitsui Financial GR	0.41%
40	AI.FR Air Liquide SA	0.4%
41	ULVR.GB Unilever PLC	0.4%
42	UCG.IT Unicredit SPA	0.39%
43	BP.GB BP PLC	0.39%
44	8035.JP Tokyo Electron Ltd	0.39%
45	ZURN.CH Zurich Insurance Group AG	0.39%
46	CNQ Canadian Natural Resources Limited	0.38%
47	SU Suncor Energy	0.37%
48	BNS Bank Nova Scotia Halifax Pfd 3	0.36%
49	BATS.GB British American Tobacco PLC	0.36%
50	AIR.FR Airbus SE	0.35%
51	2308.TW Delta Electronics Inc	0.35%
52	CM.CA Can Imperial BK of Commerce	0.35%
53	NOVOB.DK Novo Nordisk A/S B	0.34%
54	OR.FR L Oreal	0.34%
55	8411.JP Mizuho Financial Group Inc	0.33%
56	INGA.NL ING Groep NV	0.33%
57	CFR.CH Cie Financiere Richemo A	0.32%
58	8058.JP Mitsubishi Corp	0.31%
59	ENR.DE Siemens Energy AG	0.31%
60	8766.JP Tokio Marine Holdings Inc	0.3%
61	9984.JP Softbank Group Corp	0.3%
62	HHPD Hon Hai Precision GDR Reg S	0.29%
63	GSK.GB GSK PLC	0.29%
64	8001.JP Itochu Corp	0.29%
65	DTE.DE Deutsche Telekom AG	0.28%
66	MC.FR LVMH Moet Hennessy Louis Vui	0.28%
67	939.HK China Construction Bank H	0.28%
68	SAF.FR Safran SA	0.28%
69	BNP.FR BNP Paribas	0.28%
70	005935.KR Samsung Electronics Pref	0.28%
71	BA.GB Bae Systems PLC	0.28%
72	WBC.AU Westpac Banking Corp	0.27%
73	1299.HK AIA Group Ltd	0.27%
74	8031.JP Mitsui + Co Ltd	0.27%
75	RIO.GB Rio Tinto PLC	0.27%
76	MUV2.DE Muenchener Rueckver AG	0.27%
77	NG.GB National Grid PLC	0.27%
78	ANZ.AU ANZ Group Holdings Ltd	0.26%
79	BARC.GB Barclays PLC	0.26%
80	ISP.IT Intesa Sanpaolo	0.26%
81	CNR.CA Canadian Natl Railway Co	0.26%
82	6981.JP Murata Manufacturing Co Ltd	0.26%
83	NA.CA National Bank of Canada	0.26%
84	6861.JP Keyence Corp	0.26%
85	MFC Manulife Financial	0.25%
86	U11.SG United Overseas Bank Ltd	0.25%
87	NAB.AU National Australia Bank Ltd	0.25%
88	SAN.FR Sanofi	0.25%
89	ENB Enbridge	0.24%
90	SPOT Spotify Technology S.A.	0.24%
91	BN Brookfield Corporation Class A Limited Voting Shares	0.24%
92	ATCOB.SE Atlas Copco AB B	0.23%
93	ITX.ES Industria de Diseno Textil	0.23%
94	MQG.AU Macquarie Group Ltd	0.23%
95	AEM Agnico Eagle Mines Limited	0.23%
96	285A.JP Kioxia Holdings Corp	0.23%
97	CS.FR AXA SA	0.23%
98	RIGD.GB Reliance Inds Spons GDR 144A	0.23%
99	CP Canadian Pacific Kansas City Limited	0.23%
100	LLOY.GB Lloyds Banking Group PLC	0.23%

The most recent file State Street SPDR has published for CWI is dated 2026-10-27, 1 day before these prices, which is the median for the State Street SPDR ETFs covered here. Every one of the 1097 positions CWI holds, with its weight, is in the fund's JSON file. See the other 41 ETFs with a page here that hold 2330.TW, and how their weights compare with the 3.15% CWI gives it.

Category: International Large Blend, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks are outside the US; weighted by holding, they sit where 41% of their market's value is in larger companies (large: up to 78%); growth index funds hold 48% of their value against 49% for companies of the same sizes in the whole market (blend: within 10 points). How categories are set.

Use this data

JSONhttps://tickerinside.com/api/v1/fund/cwi.json

CSVhttps://tickerinside.com/api/v1/fund/cwi.csv

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API reference · spreadsheet guide Add TickerInside to Claude to ask about CWI with this data

How much money went into or out of CWI?

On the close of Friday, October 23, 2026, CWI neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.

2026-09-302026-10-23

From CWI's own holdings files. Every ETF's latest flows.

How is CWI split by sector and country?

Sector	Weight	Weight bar
Financials	20.8%
Technology	15.3%
Industrials	12.4%
Consumer discretionary	6.7%
Health care	6.7%
Materials	6.0%
Energy	5.1%
Consumer staples	4.3%
Communication services	3.6%
Utilities	2.5%
Real estate	1.0%
No sector found	14.3%

Country	Weight	Weight bar
Japan	14.7%
United Kingdom	11.7%
Canada	9.3%
Taiwan	8.4%
Switzerland	5.8%
China	5.5%
France	5.4%
Germany	5.2%
Australia	4.1%
South Korea	3.6%
Other countries	24.9%

From its SPDR file of 2026-10-27. How these are measured.

What did CWI hold in its SEC reports since 2019?

In CWI's SEC filings, its largest position went from Nestle SA (NESN.CH) at 1.74% on 2019-09-30 to Taiwan Semiconductor Manufacturing Company Ltd. (TSM) at 5.38% on 2026-06-30, across 28 quarterly reports.

Largest in 2019

NESN.CH

1.74% on 2019-09-30

Largest in 2026

TSM

5.38% on 2026-06-30

Ten largest

18.1%

10.7% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2026

Report	Positions	Largest	Top 10
2019-09-30	1,003	NESN.CH 1.74%	10.7%
2019-12-31	1,035	NESN.CH 1.62%	11.1%
2020-12-31	1,286	TSM 1.94%	12.5%
2021-12-31	1,340	TSM 2.01%	11.9%
2022-12-31	1,321	TSM 1.62%	11.3%
2023-12-31	1,279	TSM 1.84%	11.5%
2024-12-31	1,291	TSM 3.25%	11.9%
2025-12-31	1,118	TSM 3.70%	12.9%
2026-06-30	1,131	TSM 5.38%	18.1%

The first report, then the last of each year, of the 28 reports CWI filed on SEC Form N-PORT from 2019-09-30 to 2026-06-30, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/cwi/{date}.json. How these are read.

What does CWI duplicate?

The ETF nearest to CWI is ACWX: the two hold 77.5% of their weight in common, in the 970 companies both own, and 90.6% of CWI itself is also held there. Owning CWI alongside the ETFs at the top of this table means holding mostly the same companies twice.

ETF	Overlap by weight	Of CWI held there	Of that ETF in CWI	Companies in both
ACWX	77.5%	90.6%	85.2%	970
HAWX	77.3%	90.6%	85.2%	970
SPDW	70.6%	76.5%	80.5%	596
VEU	70.6%	91.8%	77.5%	973
IXUS	69.3%	90.7%	73.7%	972
SCHF	66.9%	72.2%	81.9%	575
VXUS	66.0%	89.4%	71.1%	969
IDEV	65.4%	69.9%	79.4%	538
VEA	63.0%	72.3%	75.3%	578
EFA	58.5%	60.5%	92.2%	474
HEFA	58.5%	60.5%	92.2%	474
IEFA	57.7%	60.5%	79.0%	474

The holdings of VEU and VXUS are from their SEC Form N-PORT filings for the period ended 2026-07-31, filed 2026-09-28. SCHF's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27. VEA's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-28. The other ETFs' holdings are from their issuers' latest files. Check CWI against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to CWI?

IYR shares 0% of weight with CWI and its weekly returns correlate with it at 0.46 over three years. The table lists the covered ETFs with the least in common with CWI, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y	Companies in both
IYR	iShares U.S. Real Estate ETF	0.0%	0.46	0
USRT	iShares Core U.S. REIT ETF	0.0%	0.47	0
USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.56	0
PFF	iShares Preferred and Income Securities ETF	0.0%	0.61	0
IJR	iShares Core S&P Small-Cap ETF	0.0%	0.65	0
THRO	iShares U.S. Thematic Rotation Active ETF	0.0%	0.71	1
IJH	iShares Core S&P Mid-Cap ETF	0.0%	0.72	1
QUAL	iShares MSCI USA Quality Factor ETF	0.0%	0.73	0

Cost, returns and risk

Expense ratio	0.30%
Dividend yield	2.70%
Total return, 1 year	15.6%
Total return, 3 years cumulative	72.2%
Total return, 5 years cumulative	52.9%
Volatility, annualised	14.2%
Worst fall, 3 years	-11.0%
Beta against SPY, 3 years of weekly returns	0.77
Weight in the ten largest positions	15.1%
Largest single position	3.1%
Assets under management	$2.9B

Expense ratio, yield and assets are reference data (the expense ratio from CWI's SEC filing of 2026-01-23); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.75often in step	148
QQQ	0.69loosely linked	191

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	12.4%
2025	32.8%
2024	6.3%
2023	15.7%
2022	-15.4%

One year

CWI 116 SPY 116

2025-11-072026-10-30

CWI rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

DFAI, Dimensional International Core Equity Market ETF
DFIC, Dimensional International Core Equity 2 ETF
DMXF, iShares ESG Advanced MSCI EAFE ETF
EFA, iShares MSCI EAFE ETF
Run a portfolio x-ray to see what CWI carries once you look through it
Compare CWI against any other ETF in the builder

Holdings from the most recent file State Street SPDR has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, State Street SPDR MSCI ACWI ex-US ETF (CWI), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/cwi/, CC BY 4.0

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