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SPDR S&P Emerging Markets Small Cap ETF (EWX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US78463X7562

CUSIP

78463X756

Inception Date

May 12, 2008

Region

Emerging Markets (Broad)

Leveraged

1x

Index Tracked

S&P Emerging Markets Under USD2 Billion Index

Home Page

www.ssga.com

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

EWX has an expense ratio of 0.65%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

SPDR S&P Emerging Markets Small Cap ETF (EWX) returned 2.20% year-to-date (YTD) and 4.45% over the past 12 months. Over the past 10 years, EWX returned 5.01% annually, underperforming the S&P 500 benchmark at 10.86%.


EWX

YTD

2.20%

1M

10.19%

6M

2.81%

1Y

4.45%

3Y*

8.01%

5Y*

12.83%

10Y*

5.01%

^GSPC (Benchmark)

YTD

1.39%

1M

12.89%

6M

1.19%

1Y

12.45%

3Y*

15.19%

5Y*

14.95%

10Y*

10.86%

*Annualized

Monthly Returns

The table below presents the monthly returns of EWX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-2.56%0.05%-0.89%-0.58%6.39%2.20%
2024-3.93%3.23%-0.34%1.67%1.50%1.37%0.71%0.74%6.16%-1.76%-0.23%-2.12%6.81%
20236.33%-3.21%0.56%0.43%0.63%3.52%5.37%-1.72%-1.65%-3.61%8.03%2.89%18.16%
2022-2.98%-2.12%0.62%-6.32%-0.49%-6.71%1.77%1.07%-8.95%-0.09%10.72%-1.25%-14.99%
2021-0.70%6.10%1.82%5.58%1.68%3.90%-2.05%1.03%-3.35%1.11%-1.06%3.19%18.15%
2020-5.17%-4.69%-20.47%10.15%4.22%8.35%7.03%3.52%-1.90%-0.97%12.45%6.12%14.85%
20198.15%-0.81%1.41%1.03%-4.15%4.55%-0.34%-2.92%0.44%2.74%-1.01%6.18%15.59%
20185.25%-4.49%0.42%-2.61%-1.12%-5.30%1.79%-3.23%-4.17%-8.08%5.20%-3.31%-18.75%
20176.62%3.94%3.09%1.74%-0.26%1.70%3.19%3.07%-0.18%2.70%0.43%3.88%34.12%
2016-6.52%0.99%9.27%0.90%-3.36%4.15%5.34%1.81%2.25%-0.37%-4.26%-1.49%7.94%
2015-0.99%3.37%-1.39%5.99%0.48%-4.98%-7.33%-10.97%-0.51%6.17%-0.89%-0.71%-12.41%
2014-6.12%5.46%3.24%-0.53%3.62%3.50%-1.09%2.69%-6.11%-1.52%-1.27%-2.97%-1.88%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of EWX is 30, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of EWX is 3030
Overall Rank
The Sharpe Ratio Rank of EWX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of EWX is 2929
Sortino Ratio Rank
The Omega Ratio Rank of EWX is 3030
Omega Ratio Rank
The Calmar Ratio Rank of EWX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of EWX is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for SPDR S&P Emerging Markets Small Cap ETF (EWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

SPDR S&P Emerging Markets Small Cap ETF Sharpe ratios as of May 20, 2025 (values are recalculated daily):

  • 1-Year: 0.25
  • 5-Year: 0.82
  • 10-Year: 0.28
  • All Time: 0.16

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of SPDR S&P Emerging Markets Small Cap ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

SPDR S&P Emerging Markets Small Cap ETF provided a 2.84% dividend yield over the last twelve months, with an annual payout of $1.70 per share.


2.20%2.40%2.60%2.80%3.00%3.20%$0.00$0.50$1.00$1.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$1.70$1.70$1.31$1.47$1.64$1.16$1.26$1.33$1.20$0.98$1.15$1.21

Dividend yield

2.84%2.90%2.32%3.00%2.77%2.24%2.73%3.26%2.30%2.46%3.04%2.74%

Monthly Dividends

The table displays the monthly dividend distributions for SPDR S&P Emerging Markets Small Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.45$0.00$0.00$0.00$0.00$0.00$1.25$1.70
2023$0.00$0.00$0.00$0.00$0.00$0.48$0.00$0.00$0.00$0.00$0.00$0.83$1.31
2022$0.00$0.00$0.00$0.00$0.00$0.63$0.00$0.00$0.00$0.00$0.00$0.83$1.47
2021$0.00$0.00$0.00$0.00$0.00$0.45$0.00$0.00$0.00$0.00$0.00$1.19$1.64
2020$0.00$0.00$0.00$0.00$0.00$0.35$0.00$0.00$0.00$0.00$0.00$0.81$1.16
2019$0.00$0.00$0.00$0.00$0.00$0.42$0.00$0.00$0.00$0.00$0.00$0.84$1.26
2018$0.00$0.00$0.00$0.00$0.00$0.44$0.00$0.00$0.00$0.00$0.00$0.89$1.33
2017$0.00$0.00$0.00$0.00$0.00$0.16$0.00$0.00$0.00$0.00$0.00$1.04$1.20
2016$0.00$0.00$0.00$0.00$0.00$0.14$0.00$0.00$0.00$0.00$0.00$0.84$0.98
2015$0.00$0.00$0.00$0.00$0.00$0.25$0.00$0.00$0.00$0.00$0.00$0.89$1.15
2014$0.30$0.00$0.00$0.00$0.00$0.00$0.91$1.21

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR S&P Emerging Markets Small Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR S&P Emerging Markets Small Cap ETF was 63.90%, occurring on Nov 20, 2008. Recovery took 450 trading sessions.

The current SPDR S&P Emerging Markets Small Cap ETF drawdown is 5.60%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-63.9%May 20, 2008130Nov 20, 2008450Sep 13, 2010580
-43%Jan 29, 2018541Mar 23, 2020195Dec 29, 2020736
-34.11%Jan 6, 2011241Dec 19, 2011681Sep 5, 2014922
-31.87%Sep 8, 2014343Jan 15, 2016376Jul 14, 2017719
-24.67%Jul 13, 2021319Oct 14, 2022371Apr 9, 2024690

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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