CWI vs. DBAW ETF Comparison

Comparison of SPDR MSCI ACWI ex-US ETF (CWI) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

158,951

Number of Holdings ^*

89

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.37

Average Daily Volume

12,784

Number of Holdings ^*

86

* may have additional holdings in another (foreign) market

Performance

Period	CWI	DBAW
30 Days	-2.14%	-1.17%
60 Days	-3.35%	0.94%
90 Days	-3.13%	1.58%
12 Months	14.07%	18.22%

76 Overlapping Holdings

	Symbol	Grade	Weight in CWI	Weight in DBAW	Overlap
	ABBV	D	0.45%	0.31%	0.31%
	ABEV	F	0.06%	0.03%	0.03%
	AER	B	0.03%	0.07%	0.03%
	AGCO	D	0.04%	0.02%	0.02%
	ATHM	D	0.01%	0.01%	0.01%
	BABA	D	0.6%	0.59%	0.59%
	BABA	D	0.09%	0.59%	0.09%
	BAP	B	0.08%	0.04%	0.04%
	BCS	C	0.21%	0.17%	0.17%
	BEKE	D	0.05%	0.04%	0.04%
	BGNE	D	0.04%	0.03%	0.03%
	BIDU	F	0.1%	0.09%	0.09%
	BILI	D	0.02%	0.01%	0.01%
	BRFS	D	0.02%	0.01%	0.01%
	BVN	F	0.01%	0.01%	0.01%
	BZ	F	0.01%	0.01%	0.01%
	CHKP	D	0.06%	0.05%	0.05%
	CHT	D	0.11%	0.05%	0.05%
	CNI	D	0.32%	0.2%	0.2%
	CSAN	F	0.03%	0.01%	0.01%
	CYBR	B	0.04%	0.05%	0.04%
	DEO	F	0.27%	0.23%	0.23%
	E	F	0.15%	0.12%	0.12%
	FUTU	D	0.02%	0.02%	0.02%
	GGB	C	0.03%	0.02%	0.02%
	GLBE	B	0.01%	0.01%	0.01%
	GRAB	B	0.03%	0.03%	0.03%
	HDB	C	0.25%	0.29%	0.25%
	HMC	F	0.16%	0.14%	0.14%
	HSBH	B	0.66%	0.58%	0.58%
	HTHT	D	0.03%	0.03%	0.03%
	IBN	C	0.27%	0.26%	0.26%
	IQ	F	0.01%	0.0%	0.0%
	KB	B	0.11%	0.09%	0.09%
	KEP	B	0.02%	0.02%	0.02%
	LEGN	F	0.02%	0.01%	0.01%
	LI	F	0.05%	0.05%	0.05%
	LOGI	D	0.03%	0.04%	0.03%
	LYG	F	0.16%	0.15%	0.15%
	MBAVU	D	0.01%	0.01%	0.01%
	MFG	B	0.15%	0.21%	0.15%
	MNDY	C	0.03%	0.03%	0.03%
	MUFG	B	0.51%	0.46%	0.46%
	NIO	F	0.03%	0.02%	0.02%
	NMR	B	0.07%	0.06%	0.06%
	NVS	D	0.81%	0.71%	0.71%
	OTEX	D	0.03%	0.03%	0.03%
	PDD	F	0.28%	0.27%	0.27%
	QFIN	B	0.02%	0.01%	0.01%
	QGEN	D	0.0%	0.03%	0.0%
	RBA	A	0.04%	0.06%	0.04%
	SBSW	D	0.01%	0.01%	0.01%
	SCCO	F	0.0%	0.03%	0.0%
	SE	B	0.14%	0.13%	0.13%
	SHG	D	0.09%	0.06%	0.06%
	SHOP	B	0.52%	0.46%	0.46%
	SMFG	B	0.27%	0.31%	0.27%
	SONY	B	0.47%	0.41%	0.41%
	STLA	F	0.1%	0.1%	0.1%
	TAL	F	0.02%	0.01%	0.01%
	TCOM	B	0.13%	0.11%	0.11%
	TD	F	0.44%	0.34%	0.34%
	TEVA	D	0.07%	0.06%	0.06%
	TM	D	0.68%	0.62%	0.62%
	TME	D	0.03%	0.03%	0.03%
	UL	D	0.54%	0.5%	0.5%
	UMC	F	0.1%	0.06%	0.06%
	VALE	F	0.13%	0.11%	0.11%
	VALE	F	0.01%	0.11%	0.01%
	VIPS	F	0.03%	0.02%	0.02%
	WIT	A	0.04%	0.03%	0.03%
	WIX	B	0.04%	0.03%	0.03%
	XPEV	C	0.02%	0.03%	0.02%
	XPEV	C	0.02%	0.03%	0.02%
	XRX	F	0.05%	0.05%	0.05%
	YUMC	C	0.07%	0.07%	0.07%

CWI Overweight 13 Positions Relative to DBAW

	Symbol	Grade	Weight
	TSM	B	3.02%
	INFY	B	0.33%
	ITUB	F	0.15%
	RDY	F	0.08%
	BBD	D	0.07%
	PKX	F	0.06%
	CIB	B	0.05%
	CIG	C	0.04%
	ENIC	D	0.04%
	MT	B	0.04%
	SQM	F	0.03%
	PHI	D	0.02%
	SID	F	0.01%

CWI Underweight 13 Positions Relative to DBAW

	Symbol	Grade	Weight
	NU	C	-0.14%
	GOLD	D	-0.1%
	CCEP	C	-0.05%
	BCH	F	-0.02%
	XP	F	-0.02%
	WFG	D	-0.02%
	ERJ	B	-0.02%
	ASAI	F	-0.02%
	DOOO	F	-0.01%
	STNE	F	-0.01%
	LPL	F	-0.01%
	PAGS	F	-0.0%
	SKM	D	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services

DBAW: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Software - Application Banks - Regional - Asia Banks - Global Capital Markets Specialty Retail Banks - Regional - Latin America Biotechnology Consumer Electronics Drug Manufacturers - Major Gold Industrial Metals & Minerals Information Technology Services Software - Infrastructure Telecom Services Aerospace & Defense Airports & Air Services Banks - Diversified Banks - Regional - Europe

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Investment Product Transport Asset Management Cars Cash Management Commercial Banking E-Commerce Investment Bank Mining Nasdaq 100 Securitization Structured Finance Advertising Services Asset Management Services Corporate Banking