RWX: State Street SPDR Dow Jones International Real Estate ETF
State Street SPDR Dow Jones International Real Estate ETF (RWX) is an exchange-traded fund (ETF) run by SPDR (State Street). This fund owns real estate companies outside the US, such as companies that own offices, shops and apartments. It charges 0.59% a year. From December 2006 to October 2026 it returned about 0.4% a year, and its worst drop was −73.6%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.59%
- about $59 on $10,000
- Return per year
- 0.4%
- since December 2006
- Worst drop
- −73.6%
- since 2006
- Started trading
- Dec 2006
- SPDR (State Street)
Key points
- Expense ratio: 0.59% a year (about $59 on $10,000).
- Started trading on December 15, 2006.
- Worst drop since 2006: −73.6%.
- 2 Tactfolio classic strategies hold it.
What does RWX hold?#
This fund owns real estate companies outside the US, such as companies that own offices, shops and apartments. Many of them pay out rent income as dividends. Its value also moves with foreign currencies.
It tracks the Dow Jones Global ex-U.S. Select Real Estate Securities Index. It had 126 holdings as of October 15, 2026, according to SPDR (State Street).
| Fact | RWX |
|---|---|
| Full name | State Street SPDR Dow Jones International Real Estate ETF |
| Issuer | SPDR (State Street) |
| Expense ratio | 0.59% a year |
| Started trading | December 15, 2006 |
| Tracks | Dow Jones Global ex-U.S. Select Real Estate Securities Index |
| Type | Real estate, ETF |
| Holdings | 126 holdings as of October 15, 2026 |
| Facts checked | October 16, 2026 on the SPDR (State Street) fund page |
What is the RWX expense ratio?#
RWX charges 0.59% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.59% fee comes to about $59 a year.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
How has RWX done since 2006?#
From December 2006 to October 2026, RWX returned about 0.4% a year. Say you put in $10,000 at the start. It would have been worth about $10,862 at the end, with every dividend reinvested.
| Measure | RWX |
|---|---|
| Total return | 8.6% |
| Return per year (CAGR) | 0.4% |
| Worst drop from a high | −73.6% |
| Volatility (how much it swings) | 20.5% |
| Last 12 months | −4.5% |
| Last 3 years, per year | 6.6% |
| Last 5 years, per year | −2.9% |
| Last 10 years, per year | 0.7% |
Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
RWX returns by year#
| Year | RWX return |
|---|---|
| 2026 (part of the year) | −6.1% |
| 2025 | 26.2% |
| 2024 | −12.2% |
| 2023 | 6.3% |
| 2022 | −21.8% |
| 2021 | 9.3% |
| 2020 | −9.0% |
| 2019 | 19.9% |
| 2018 | −8.3% |
| 2017 | 15.5% |
| 2016 | 0.3% |
| 2015 | −3.2% |
| 2014 | 4.3% |
| 2013 | 4.4% |
| 2012 | 39.1% |
| 2011 | −15.0% |
| 2010 | 22.0% |
| 2009 | 36.4% |
| 2008 | −50.6% |
| 2007 | −7.3% |
| 2006 (part of the year) | 4.3% |
What was RWX’s worst drop?#
A drawdown is how far a fund falls from its last high point. RWX’s worst fall was −73.6%, from May 7, 2007 to March 9, 2009. It got back to that high on January 17, 2018.
The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
Which Tactfolio strategies hold RWX?#
2 classic strategies hold RWX at least some of the time. Each is a set of written rules you can open, test and copy.
- Adaptive Asset Allocation (AAA), by Adam Butler, Michael Philbrick, Rodrigo Gordillo, and David Varadi, 2012
- Kipnis Defensive Adaptive Asset Allocation (KDA), by Ilya Kipnis, 2019
How does RWX compare with similar ETFs?#
Funds that can stand in for RWX:
- RWO: State Street SPDR Dow Jones Global Real Estate ETF, 0.5% a year
- SCHH: Schwab U.S. REIT ETF, 0.07% a year
- XLRE: State Street Real Estate Select Sector SPDR ETF, 0.08% a year
- VNQ: Vanguard Real Estate ETF, 0.13% a year
See all 5 RWX alternatives, compared on the same dates as RWX.
Test RWX in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add RWX, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for RWX. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.
Fund facts come from SPDR (State Street). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of RWX?#
RWX charges 0.59% a year, according to SPDR (State Street) as of October 16, 2026. That is about $59 a year for every $10,000 you hold.
When did RWX start trading?#
RWX started trading on December 15, 2006. It is run by SPDR (State Street).
What does RWX track?#
RWX tracks the Dow Jones Global ex-U.S. Select Real Estate Securities Index. This fund owns real estate companies outside the US, such as companies that own offices, shops and apartments.
How much has RWX returned per year?#
From December 2006 to October 2026, RWX returned about 0.4% a year with dividends reinvested. Its worst drop was −73.6%. Past returns do not tell you what it will do next.
Which strategies use RWX?#
2 of Tactfolio’s classic strategies hold RWX, including Adaptive Asset Allocation (AAA), Kipnis Defensive Adaptive Asset Allocation (KDA).