DWX: STATE STREET(R) SPDR(R) S&P(R) INTERNATIONAL DIVIDEND ETF
ETF Education Report: State Street(R) SPDR(R) S&P(R) International Dividend ETF (DWX)
What this ETF is trying to do
The DWX ETF is designed to provide exposure to international companies that pay dividends. This means it invests in businesses located outside of the United States that share a portion of their profits with shareholders.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For DWX, the one-year price return was approximately 5.73%. The three-year price return was approximately 40.38%.
• Total Return: This includes the share price change *plus* any distributions (cash payments) received. The one-year total return was approximately 10.31%, and the three-year total return was approximately 58.95%.
The current price of the ETF is $45.54. Based on an estimated price from roughly one year ago of approximately $43.07, the share price has increased over that period.
Income and distribution explanation
This ETF provides cash to investors through distributions. The distribution yield is approximately 4.22%. This number describes the cash payments relative to the current ETF price.
The trailing distributions were $1.92 per share. These payments usually happen quarterly, and there were 4 payments in the last 12 months. It is important to remember that a high distribution yield does not guarantee that an investor will earn that same percentage as their total return.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the ETF decreases significantly. StockValueFinder uses an erosion-risk score to help monitor this. For DWX, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in this ETF (note that this is a partial list):
• Mizrahi Tefahot Bank Ltd (2.58%)
• AXA SA (2.35%)
• Zurich Insurance Group AG (2.11%)
• Investec PLC (2.08%)
• CLP Holdings Ltd (2.03%)
• Severn Trent PLC (2.03%)
• Transurban Group (2.03%)
• United Utilities Group PLC Class A (1.96%)
• Swisscom AG (1.93%)
• Shell PLC (1.92%)
Holdings can change over time. This data was updated on October 7, 2026.
Pros
• The ETF has shown positive total returns over one, three, and five-year periods.
• It provides a regular distribution yield.
Cons
• The list of holdings provided is only a partial view of the total 122 holdings.
Beginner takeaway
When looking at DWX, it is helpful to distinguish between the share price movement and the total return. While the share price grows, the distributions provide additional cash income. Always look at the total return to see how much value was actually created including those payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MIZRAHI TEFAHOT BANK LTD | n/a | 2.58% |
| 2 | AXA SA | n/a | 2.35% |
| 3 | ZURICH INSURANCE GROUP AG | n/a | 2.11% |
| 4 | INVESTEC PLC | n/a | 2.08% |
| 5 | CLP HOLDINGS LTD | n/a | 2.03% |
| 6 | SEVERN TRENT PLC | n/a | 2.03% |
| 7 | TRANSURBAN GROUP | n/a | 2.03% |
| 8 | UNITED UTILITIES GROUP PLC CLASS A | n/a | 1.96% |
| 9 | SWISSCOM AG | n/a | 1.93% |
| 10 | SHELL PLC | n/a | 1.92% |