SPDR S&P Emerging Markets Small Cap ETF (EWX) belongs to the Emerging Markets Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EWX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EWX
EWX charges 0.65% annually. There are 48 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio Emerging Markets ETF | 0.07% | 17.88B | Mar 2007 | EWX vs SPEM | |
| Vanguard Emerging Markets Ex-China ETF | 0.07% | 235.70M | Sep 2025 | EWX vs VEXC | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 162.80B | Mar 2005 | EWX vs VWO | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.80B | Jan 2010 | EWX vs SCHE | |
| Xtrackers Emerging Markets Carbon Reduction and Cl... | 0.15% | 58.93M | Dec 2018 | EWX vs EMCR |
Best Risk-Adjusted Alternatives to EWX
EWX has a PortfoliosLab risk / return rank of 60. There are 33 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pacific North of South Global Emerging Markets Equ... | 90 | 366.05M | Jan 2025 | EWX vs GEME | |
| iShares MSCI Emerging Markets Value Factor ETF | 88 | — | Sep 2024 | EWX vs EVLU | |
| Xtrackers MSCI Emerging Markets Hedged Equity ETF | 87 | 107.84M | Jun 2011 | EWX vs DBEM | |
| Hartford Multifactor Emerging Markets ETF | 86 | 120.77M | Feb 2015 | EWX vs ROAM | |
| Invesco DWA Emerging Markets Momentum ETF | 85 | 257.92M | Dec 2007 | EWX vs PIE |
Top Performing EWX Alternatives (YTD)
EWX is at 13.61% YTD. There are 36 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 38.60%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DWA Emerging Markets Momentum ETF | 38.60% | 257.92M | Dec 2007 | EWX vs PIE | |
| iShares MSCI Emerging Markets ex China ETF | 37.89% | 26.40B | Jul 2017 | EWX vs EMXC | |
| Invesco S&P Emerging Markets Momentum ETF | 35.52% | 21.60M | Feb 2012 | EWX vs EEMO | |
| Columbia EM Core ex-China ETF | 34.20% | 2.09B | Sep 2015 | EWX vs XCEM | |
| Pacific North of South Global Emerging Markets Equ... | 32.99% | 366.05M | Jan 2025 | EWX vs GEME |
Lowest Volatility Alternatives to EWX
EWX has 16.12% 1-year volatility. There are 17 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 8.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | 8.33% | — | Jun 2025 | EWX vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 10.71% | 10.25M | Dec 2024 | EWX vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.54% | 7.21M | Jan 2016 | EWX vs EMDV | |
| SPDR S&P Emerging Markets Dividend ETF | 12.67% | 1.28B | Feb 2011 | EWX vs EDIV | |
| iShares MSCI Qatar ETF | 13.25% | 67.45M | Apr 2014 | EWX vs QAT |
Lowest Drawdown Alternatives to EWX
EWX has a 1-year max drawdown of -7.98%. There are 4 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -4.47%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest Emerging Markets Buffer ETF - June | -4.47% | — | Jun 2025 | EWX vs TJUN | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.21M | Jan 2016 | EWX vs EMDV | |
| iShares Emerging Markets Dividend ETF | -7.30% | 1.21B | Feb 2012 | EWX vs DVYE | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 4.03B | Jul 2007 | EWX vs DEM | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | EWX vs TDEC |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $765B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | EWX vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 22 | -4.79% | 138.96B | Nov 2004 | EWX vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 66 | 28.25% | 130.33B | Dec 1998 | EWX vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 45 | 8.70% | 52.13B | Sep 2000 | EWX vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 47 | 12.56% | 7.30B | Oct 2015 | EWX vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 42 | 23.49% | 36.84B | Dec 1998 | EWX vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 22 | -4.72% | 28.75B | Jun 2018 | EWX vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 59 | 8.21% | 148.87B | Nov 2005 | EWX vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 27 | 6.99% | 22.62B | Dec 1998 | EWX vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.67% | 46.54B | May 2007 | EWX vs BIL |
Often Compared With EWX
Investors most often compare EWX with EWT, EEMS, EYLD. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare EWX with Any Fund or Stock
Compare EWX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EWX with funds that move differently
SPDR S&P Emerging Markets Small Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EWX.
Explore EWX Diversifiers