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ETF comparison

PXF vs SPDW

Both International Developed.

Invesco RAFI Developed Markets ex-U.S. ETF · State Street SPDR Portfolio Developed World ex-US ETF

Holdings overlap

Weighted by ISIN/CUSIP
64.9 %

964 positions appear in both funds. Buying equal dollars of PXF and SPDW would leave roughly 64.9% of each dollar exposed to the same underlying securities.

PXF only 34.7% Shared 64.9% SPDW only 33.8%
In PXF only
58 positions
Shared
964 positions
In SPDW only
1,437 positions

Side by side

PXF

Invesco RAFI Developed Markets ex-U.S. ETF

Invesco · International Developed

70 composite / 100
Expense ratio
0.43%
Net assets
$2.84B
TTM yield
3.11%
Top-10 conc.
20.9%
SPDW

State Street SPDR Portfolio Developed World ex-US ETF

State Street · International Developed

93 composite / 100
Expense ratio
0.030%
Net assets
$40.29B
TTM yield
3.02%
Top-10 conc.
13.5%

Sub-score comparison

57
Cost
97
77
Tax efficiency
77
76
Liquidity
100
84
Concentration
95
—
Tracking quality
—
PXF sub-score SPDW

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPDW is 40 bps cheaper than PXF. On a $100,000 position that's about $400/yr more in fees for PXF.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with PXF vs SPDW.

Top shared holdings

964 shared in total
# Holding In PXF In SPDW Overlap
1 HSBC Holdings PLC 1.21% 0.93% 0.93%
2 Shell PLC 2.14% 0.93% 0.93%
3 Roche Holding AG 1.00% 0.92% 0.92%
4 SK hynix Inc. 0.84% 0.96% 0.84%
5 Toyota Motor Corp. 0.98% 0.81% 0.81%
6 Novartis AG 0.70% 0.98% 0.70%
7 Nestle S.A. 0.67% 0.86% 0.67%
8 TotalEnergies SE 1.61% 0.63% 0.63%
9 BHP Group Ltd. 1.00% 0.59% 0.59%
10 Royal Bank of Canada 0.54% 0.75% 0.54%
11 Siemens AG 0.54% 0.59% 0.54%
12 Banco Santander S.A. 0.66% 0.54% 0.54%

Only in PXF

58 total
  • POSCO Holdings Inc. 0.33%
  • Medtronic PLC 0.27%
  • ORLEN S.A. 0.19%
  • NXP Semiconductors N.V. 0.16%
  • WH Group Ltd. 0.08%
  • Garmin Ltd. 0.07%
  • Korea Electric Power Corp. 0.07%
  • Trane Technologies PLC 0.07%
  • Aptiv PLC 0.06%
  • KGHM Polska Miedz S.A. 0.06%

Only in SPDW

1,437 total
  • Samsung Electronics Co Ltd 1.87%
  • Investor AB 0.23%
  • Samsung Electronics Co Ltd 0.20%
  • Argenx SE 0.14%
  • SK Square Co Ltd 0.09%
  • Hanwha Aerospace Co Ltd 0.09%
  • Saab AB 0.09%
  • InterContinental Hotels Group PLC 0.08%
  • Atlas Copco AB 0.08%
  • Asics Corp 0.08%

Open PXF or SPDW at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.