GWX vs EMCS
Comparison between STATE STREET(R) SPDR(R) S&P(R) INTERNATIONAL SMALL CAP ETF (GWX, ETF) and XTRACKERS MSCI EMERGING MARKETS CLIMATE SELECTION ETF (EMCS, ETF).
5-Year PerformanceEMCS has outperformed GWX, delivering a return of +6.1% compared to +5.0%
GWX vs EMCS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GWX
$912M
Winner
EMCS
$912M
Expense Ratio
GWX
0.40%
Winner
EMCS
0.15%
Max Drawdown
GWX
64.84%
Winner
EMCS
46.34%
Sharpe Ratio
GWX
1.30
Winner
EMCS
1.65
5Y Beta
Winner
GWX
0.70
EMCS
0.92
5Y Dividends CAGR
GWX
3.65%
Winner
EMCS
8.43%
GWX vs EMCS - Holdings Comparison
GWX and EMCS have 1 common holdings. Overlap is -0.04%
GWX's top 25 holdings weight is 5.87%. EMCS's top 25 holdings weight is 76.26%.
| Rank | GWX | EMCS |
|---|---|---|
| #1 | MEIKO ELECTRONICS CO LTD (n/a) - 0.33% | n/a (n/a) - 19.34% |
| #2 | KANEMATSU CORP (n/a) - 0.29% | SAMSUNG ELECTRONICS CO LTD (n/a) - 11.70% |
| #3 | TAMARACK VALLEY ENERGY LTD (n/a) - 0.28% | SK HYNIX INC (n/a) - 8.55% |
| #4 | NITTO BOSEKI CO LTD (n/a) - 0.27% | TENCENT HOLDINGS LTD (n/a) - 4.55% |
| #5 | MEGA OR HOLDINGS LTD (n/a) - 0.26% | n/a (n/a) - 3.36% |
| #6 | KITRON ASA (n/a) - 0.25% | MEDIATEK INC (n/a) - 2.85% |
| #7 | SPROTT INC (n/a) - 0.25% | DELTA ELECTRONICS INC (n/a) - 2.21% |
| #8 | CENTERRA GOLD INC (n/a) - 0.25% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.85% |
| #9 | WOORI TECHNOLOGY INCORPORATION (n/a) - 0.25% | n/a (n/a) - 1.76% |
| #10 | INSIGNIA FINANCIAL LTD (n/a) - 0.24% | YUANTA FINANCIAL HOLDINGS CO LTD (n/a) - 1.57% |
| #11 | AIXTRON SE (n/a) - 0.24% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.47% |
| #12 | n/a (ZIM) - 0.23% | BANK OF CHINA LTD CLASS H (n/a) - 1.45% |
| #13 | SEOJIN SYSTEM CO LTD (n/a) - 0.22% | n/a (n/a) - 1.44% |
| #14 | WONIK IPS CO LTD (n/a) - 0.22% | SOUTHERN COPPER CORP (SCCO) - 1.43% |
| #15 | DAEDUCK ELECTRONICS ORDINARY SHARES (n/a) - 0.22% | RELIANCE INDUSTRIES LTD (n/a) - 1.36% |
| #16 | ROYAL HEIJMANS NV (n/a) - 0.22% | HDFC BANK LTD (n/a) - 1.35% |
| #17 | CITIZEN WATCH CO LTD (n/a) - 0.21% | n/a (n/a) - 1.27% |
| #18 | SENIOR PLC (n/a) - 0.21% | ICICI BANK LTD (n/a) - 1.24% |
| #19 | PALADIN ENERGY LTD (n/a) - 0.21% | PIRAEUS BANK SA (n/a) - 1.23% |
| #20 | WESTGOLD RESOURCES LTD (n/a) - 0.21% | CTBC FINANCIAL HOLDING CO LTD (n/a) - 1.13% |
| #21 | DENISON MINES CORP (n/a) - 0.21% | BHARTI AIRTEL LTD (n/a) - 1.12% |
| #22 | DB HITEK CO LTD (n/a) - 0.20% | n/a (n/a) - 1.04% |
| #23 | WESDOME GOLD MINES LTD (n/a) - 0.20% | ANGLOGOLD ASHANTI PLC (AU) - 1.00% |
| #24 | KELLER GROUP PLC (n/a) - 0.20% | n/a (n/a) - 1.00% |
| #25 | KIYO BANK LTD (n/a) - 0.20% | CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.99% |
| Total Holdings | 1989 | 80 |
GWX vs EMCS - Historical Returns
Returns include dividend reinvestment.
1M
GWX
-3.74%
Winner
EMCS
+1.52%
3M
GWX
+1.19%
Winner
EMCS
+16.08%
6M
GWX
+10.60%
Winner
EMCS
+25.58%
1Y
GWX
+25.98%
Winner
EMCS
+48.42%
5Y(CAGR)
GWX
+4.96%
Winner
EMCS
+6.14%
10Y(CAGR)
GWX
+7.18%
EMCS
N/A
Max(CAGR)
GWX
+4.60%
Winner
EMCS
+10.50%
GWX vs EMCS - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GWX | EMCS |
|---|---|---|
| 2026 | +7.42% | +19.37% |
| 2025 | +35.62% | +38.99% |
| 2024 | +1.47% | +11.93% |
| 2023 | +10.99% | +4.50% |
| 2022 | -20.31% | -24.06% |
| 2021 | +10.03% | -2.66% |
| 2020 | +12.62% | +17.45% |
| 2019 | +17.92% | +19.42% |
| 2018 | -19.91% | -0.59% |
| 2017 | +27.90% | N/A |
| 2016 | +8.22% | N/A |
| 2015 | +5.86% | N/A |
| 2014 | -6.48% | N/A |
| 2013 | +19.64% | N/A |
| 2012 | +13.12% | N/A |
| 2011 | -16.33% | N/A |
| 2010 | +21.76% | N/A |
| 2009 | +35.68% | N/A |
| 2008 | -44.34% | N/A |
| 2007 | -1.74% | N/A |
GWX vs EMCS Drawdown Comparison
The maximum drawdown for GWX was -63.21%, occurring on Mar 9, 2009. Recovery took 1504 trading sessions.
The maximum drawdown for EMCS was -44.87%, occurring on Oct 24, 2022. Recovery took 1163 trading sessions.
The current GWX drawdown is -5.79%. The current EMCS drawdown is -9.22%.
| Rank | GWX | EMCS |
|---|---|---|
| #1 | -63.21% Oct 31, 2007 - Oct 22, 2013 | -44.87% Feb 12, 2021 - Oct 1, 2025 |
| #2 | -45.26% Jan 26, 2018 - Dec 17, 2020 | -31.23% Jan 13, 2020 - Jul 21, 2020 |
| #3 | -34.58% Sep 3, 2021 - Jun 12, 2025 | -14.32% Feb 25, 2026 - Apr 17, 2026 |
| #4 | -19.35% Jul 3, 2014 - Aug 10, 2016 | -11.70% Apr 17, 2019 - Dec 12, 2019 |
| #5 | -13.12% Jul 12, 2007 - Oct 29, 2007 | -9.22% Jun 2, 2026 - Jun 5, 2026 |
| #6 | -11.91% Feb 27, 2026 - May 6, 2026 | -6.21% Oct 29, 2025 - Jan 2, 2026 |
| #7 | -6.36% Oct 27, 2025 - Dec 10, 2025 | -5.96% Aug 28, 2020 - Oct 8, 2020 |
| #8 | -6.21% Jan 22, 2014 - Feb 28, 2014 | -5.71% Oct 6, 2025 - Oct 20, 2025 |
| #9 | -6.15% Sep 28, 2016 - Jan 25, 2017 | -5.37% May 8, 2026 - May 26, 2026 |
| #10 | -5.79% May 11, 2026 - Jun 5, 2026 | -4.91% Jan 25, 2021 - Feb 5, 2021 |
| #11 | -5.60% Jun 7, 2021 - Sep 1, 2021 | -4.60% Dec 12, 2018 - Jan 9, 2019 |
| #12 | -4.19% May 7, 2021 - Jun 1, 2021 | -4.01% Feb 5, 2019 - Mar 20, 2019 |
| #13 | -4.06% Mar 6, 2014 - Jun 5, 2014 | -3.83% Jan 28, 2026 - Feb 9, 2026 |
| #14 | -3.96% Jan 21, 2021 - Feb 5, 2021 | -3.27% Dec 17, 2020 - Jan 5, 2021 |
| #15 | -3.87% Oct 22, 2013 - Dec 30, 2013 | -2.95% Aug 6, 2020 - Aug 25, 2020 |
Correlation
Correlation between GWX and EMCS is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2007 - 2025)
GWX vs EMCS dividend yield comparison.
| Year | GWX | EMCS |
|---|---|---|
| 2025 | 2.83% | 1.66% |
| 2024 | 2.71% | 0.67% |
| 2023 | 2.64% | 3.07% |
| 2022 | 2.71% | 2.26% |
| 2021 | 2.75% | 1.46% |
| 2020 | 1.74% | 1.40% |
| 2019 | 3.41% | 3.56% |
| 2018 | 2.94% | 0.00% |
| 2017 | 5.18% | 0.00% |
| 2016 | 4.21% | 0.00% |
| 2015 | 2.67% | 0.00% |
| 2014 | 13.53% | 0.00% |
| 2013 | 3.06% | 0.00% |
| 2012 | 2.68% | 0.00% |
| 2011 | 3.25% | 0.00% |
| 2010 | 2.36% | 0.00% |
| 2009 | 1.49% | 0.00% |
| 2008 | 1.92% | 0.00% |
| 2007 | 2.38% | 0.00% |
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