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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
63.5 %

964 positions appear in both funds. Buying equal dollars of PXF and SPDW would leave roughly 63.5% of each dollar exposed to the same underlying securities.

PXF unmatched 36.3% Shared 63.5% SPDW unmatched 35.1%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In PXF only
55 positions
Shared
964 positions
In SPDW only
1,464 positions

Side by side

PXF

Invesco RAFI Developed Markets ex-U.S. ETF

Invesco · International Developed

71 composite / 100
Expense ratio
0.43%
Net assets
$2.94B
TTM yield
3.28%
Top-10 conc.
14.6%
SPDW

State Street SPDR Portfolio Developed World ex-US ETF

State Street · International Developed

93 composite / 100
Expense ratio
0.030%
Net assets
$41.14B
TTM yield
3.09%
Top-10 conc.
14.0%

Sub-score comparison

57
Cost
97
76
Tax efficiency
77
77
Liquidity
100
93
Concentration
94
—
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 1.37% 0.97% 0.97%
2 Roche Holding AG 1.08% 0.86% 0.86%
3 Novartis AG 0.74% 0.86% 0.74%
4 Nestle S.A. 0.71% 0.80% 0.71%
5 SK hynix Inc. 0.71% 2.79% 0.71%
6 Shell PLC 2.10% 0.68% 0.68%
7 BHP Group Ltd. 0.98% 0.63% 0.63%
8 Toyota Motor Corp. 0.94% 0.61% 0.61%
9 Banco Santander S.A. 0.72% 0.60% 0.60%
10 Royal Bank of Canada 0.60% 0.86% 0.60%
11 Siemens AG 0.60% 0.70% 0.60%
12 Toronto-Dominion Bank (The) 0.56% 0.60% 0.56%

Only in PXF

55 total
  • POSCO Holdings Inc. 0.22%
  • Medtronic PLC 0.18%
  • ORLEN S.A. 0.18%
  • NXP Semiconductors N.V. 0.13%
  • Garmin Ltd. 0.09%
  • WH Group Ltd. 0.07%
  • Korea Electric Power Corp. 0.05%
  • Ryanair Holdings PLC 0.05%
  • Amrize Ltd. 0.05%
  • Powszechny Zaklad Ubezpieczen S.A. 0.05%

Only in SPDW

1,464 total
  • Samsung Electronics Co Ltd 2.96%
  • Samsung Electronics Co Ltd 0.33%
  • SK Square Co Ltd 0.29%
  • Investor AB 0.23%
  • Argenx SE 0.17%
  • InterContinental Hotels Group PLC 0.10%
  • Atlas Copco AB 0.08%
  • Tower Semiconductor Ltd 0.08%
  • BE Semiconductor Industries NV 0.08%
  • Lasertec Corp 0.07%

Percentages are holdings overlap with the named fund.

Open PXF or SPDW at a brokerage

Both funds trade commission-free at major US brokerages.

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.