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 81 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% | 16.81B | Mar 2007 | EWX vs SPEM | |
| Vanguard Emerging Markets Ex-China ETF | 0.07% | 258.70M | Sep 2025 | EWX vs VEXC | |
| Vanguard FTSE Emerging Markets ETF | 0.08% | 163.30B | Mar 2005 | EWX vs VWO | |
| iShares Core MSCI Emerging Markets ETF | 0.09% | 152.22B | Oct 2012 | EWX vs IEMG | |
| Schwab Emerging Markets Equity ETF | 0.11% | 12.59B | Jan 2010 | EWX vs SCHE |
Best Risk-Adjusted Alternatives to EWX
EWX has a PortfoliosLab risk / return rank of 29. There are 101 ETFs in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 92 | 658.42M | Sep 2024 | EWX vs EMEQ | |
| iShares MSCI Emerging Markets Value Factor ETF | 90 | — | Sep 2024 | EWX vs EVLU | |
| Pacific North of South Global Emerging Markets Equ... | 90 | 366.05M | Jan 2025 | EWX vs GEME | |
| First Trust Bloomberg Emerging Market Democracies ... | 89 | 38.85M | Mar 2023 | EWX vs EMDM | |
| First Trust Emerging Markets Human Flourishing ETF | 86 | 123.28M | Oct 2023 | EWX vs FTHF |
Top Performing EWX Alternatives (YTD)
EWX is at 4.97% YTD. There are 101 ETFs in the Emerging Markets Equities category with higher YTD returns, going as high as 55.77%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 55.77% | 658.42M | Sep 2024 | EWX vs EMEQ | |
| First Trust Emerging Markets Human Flourishing ETF | 35.77% | 123.28M | Oct 2023 | EWX vs FTHF | |
| Matthews Emerging Markets Sustainable Future Activ... | 32.23% | 43.26M | Sep 2023 | EWX vs EMSF | |
| Strive Emerging Markets Ex-China ETF | 31.89% | 139.63M | Jan 2023 | EWX vs STXE | |
| Pacific North of South Global Emerging Markets Equ... | 30.26% | 366.05M | Jan 2025 | EWX vs GEME |
Lowest Volatility Alternatives to EWX
EWX has 17.37% 1-year volatility. There are 26 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 8.65%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF Januar... | 8.65% | 144.99M | Jan 2020 | EWX vs EJAN | |
| FT Vest Emerging Markets Buffer ETF - June | 10.70% | — | Jun 2025 | EWX vs TJUN | |
| FT Vest Emerging Markets Buffer ETF - December | 11.07% | 10.25M | Dec 2024 | EWX vs TDEC | |
| ProShares MSCI Emerging Markets Dividend Growers E... | 11.68% | 7.35M | Jan 2016 | EWX vs EMDV | |
| First Trust Emerging Markets Equity Select ETF | 12.51% | 17.22M | Jun 2017 | EWX vs RNEM |
Lowest Drawdown Alternatives to EWX
EWX has a 1-year max drawdown of -13.47%. There are 46 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF Januar... | -6.63% | 144.99M | Jan 2020 | EWX vs EJAN | |
| ProShares MSCI Emerging Markets Dividend Growers E... | -7.24% | 7.35M | Jan 2016 | EWX vs EMDV | |
| WisdomTree Emerging Markets Equity Income Fund | -7.89% | 3.87B | Jul 2007 | EWX vs DEM | |
| FT Vest Emerging Markets Buffer ETF - December | -8.16% | 10.25M | Dec 2024 | EWX vs TDEC | |
| Pacer Emerging Markets Cash Cows 100 ETF | -8.35% | 217.49M | May 2019 | EWX vs ECOW |
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 $789B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 78 | 11.70% | 789.06B | Jan 1993 | EWX vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 28 | -6.21% | 130.32B | Nov 2004 | EWX vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 62 | 23.97% | 115.56B | Dec 1998 | EWX vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 53 | 12.43% | 51.09B | Sep 2000 | EWX vs SPYG | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 78 | 11.77% | 160.81B | Nov 2005 | EWX vs SPYM | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 81 | 17.73% | 8.75B | Oct 2015 | EWX vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 75 | 33.31% | 38.64B | Dec 1998 | EWX vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 28 | -6.13% | 27.37B | Jun 2018 | EWX vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 21 | 5.31% | 23.07B | Dec 1998 | EWX vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 2.10% | 47.03B | 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