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RWX

SPDR Dow Jones International Real Estate ETF (RWX)

Rating:56Neutral
Price Target:$27.00â–²(2.82% Upside)

RWX, the SPDR Dow Jones International Real Estate ETF, earns a solid overall rating largely because several major holdings like Mitsui Fudosan and Segro plc show strong financial performance, positive momentum or outlook, and reasonable valuations, which support the fund’s quality. Additional contributors such as Scentre Group, CapitaLand Mall, Klepierre, PSP Swiss Property, and Hulic provide income appeal and financial stability, though weaker momentum and profitability issues in holdings like HK:0823 slightly weigh on the fund. The main risk factor is the ETF’s concentration in international real estate, which can be sensitive to macroeconomic conditions and property market cycles.

Positive Factors
Broad International ExposureThe fund invests in real estate companies across many countries, which helps spread risk beyond any single market.
Mix of Strong and Steady Top HoldingsSeveral of the largest positions have shown strong or steady performance this year, helping offset weaker names in the portfolio.
Focused Real Estate StrategyThe ETF is heavily focused on real estate, giving investors targeted access to international property markets rather than a general stock basket.
Negative Factors
Weak Recent Overall PerformanceThe fund’s returns over the year and the last three months have been weak, suggesting recent challenges for international real estate stocks.
High Concentration in JapanA large portion of the portfolio is invested in Japanese companies, which increases the impact that Japan’s market and economy can have on the fund.
Above-Average Expense RatioThe ETF charges a relatively high fee for a passive fund, which can eat into investor returns over time.

RWX vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%SPY+10.92%RWX-2.44%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AUM
235.59M
Region
Global Ex-U.S.
Expense Ratio
0.59%
Beta
0.40
Issuer
State Street
Inception Date
Dec 14, 2006
Dividend Yield
4.11%
Asset Class
Equity
Index Tracked
DJ Global x US Select Real Estate Securities Index (RESI)

RWX Summary

RWX is the SPDR Dow Jones International Real Estate ETF, which follows the Dow Jones Global ex-U.S. Select Real Estate Securities Index. It invests in real estate companies and REITs outside the United States, including firms that own office buildings, shopping centers, and other properties. Well-known holdings include Mitsui Fudosan in Japan and Segro in the UK. Someone might invest in RWX to gain global diversification and potential income from international property markets. A key risk is that real estate values and the ETF’s price can go up and down with changes in the global economy and property markets.

How much will it cost me?

This ETF has an expense ratio of 0.59%, which means you’ll pay about $5.90 per year for every $1,000 you invest. That’s higher than the average ETF because it focuses on a specialized international real estate sector and is more actively managed than broad, low-cost index funds.

What would affect this ETF?

RWX could benefit if global economic growth strengthens and demand for commercial and residential properties rises in regions like Japan, Europe, and Asia where its major holdings operate, especially if interest rates stabilize or fall, making real estate more attractive. On the negative side, higher interest rates, weaker international growth, or country-specific issues such as property market downturns or new real estate regulations in markets like Japan, the UK, or Hong Kong could hurt the value of its real estate and REIT holdings.

RWX Top 10 Holdings

RWX is essentially a global ex-U.S. real estate play, with performance hinging on a handful of heavyweight property names. Japanese giants like Mitsui Fudosan and Hulic are doing the heavy lifting, with rising momentum that helps offset softer spots elsewhere. European exposure is more mixed: Swiss Prime Site and PSP Swiss Property look steady, while retail-focused Klepierre and UK-based Segro have been lagging and occasionally pulling on the fund’s reins. Add in steady but uneven names like Scentre and CapitaLand, and you get a diversified, but clearly real-estate-centric, international mix.

RWX top ten holdings
NameCompany NameWeight %Market ValueMarket CapYearly GainOverall Rating
JP:8801JP:8801Mitsui Fudosan Co6.67%$15.85MJPY 4.18T-6.18%78Outperform
GB:SGROGB:SGROSegro plc (REIT)3.43%$8.15MGBP 12.44B26.54%75Outperform
HK:0823HK:0823Link Real Estate Investment3.05%$7.24MHKD 107.95B-1.59%55Neutral
CH:SPSNCH:SPSNSwiss Prime Site AG2.92%$6.94MCHF 10.77B15.69%62Neutral
AU:SCGAU:SCGScentre Group2.92%$6.93MAUD 18.28B-15.46%70Outperform
SG:C38USG:C38UCapitaLand Integrated Commercial Trust2.63%$6.25MSGD 18.90B1.72%71Outperform
FR:LIFR:LIKlepierre (ex Compagnie Fonciere Klepierre)2.05%$4.86MEUR 10.44B9.85%72Outperform
CH:PSPNCH:PSPNPSP Swiss Property AG1.96%$4.65MCHF 7.10B10.03%72Outperform
JP:3003JP:3003Hulic Co1.90%$4.52MJPY 1.48T18.44%74Outperform

RWX Technical Analysis

Technical Analysis SentimentNeutral
Last Price26.26

Price Trends

50DMA25.93Positive
100DMA26.58Negative
200DMA27.01Negative

Market Momentum

MACD0.17Negative
RSI55.42Neutral
STOCH62.49Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RWX, the sentiment is Neutral. The current price of 26.26 is above the 20-day moving average (MA) of 25.88, above the 50-day MA of 25.93, and below the 200-day MA of 27.01, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 62.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RWX.

RWX Peer Comparison

Comparison Results

RWX against its peer funds
NamePricePrice TargetAUMExpense RatioOverall Rating
RWXRWX$26.26$27.00(2.82% Upside)$235.59M0.59%56Neutral
HAUZHAUZ$21.98―$1.09B0.10%55Neutral
AVREAVRE$47.47$51.55(8.60% Upside)$911.10M0.17%66Neutral
REZREZ$95.55$102.03(6.78% Upside)$846.43M0.48%70Neutral
VGSRVGSR$11.27$12.51(10.99% Upside)$509.78M0.45%66Neutral
IPAVIPAV$30.23$36.55(20.93% Upside)$5.96M0.55%56Neutral

Performance Comparison

0%10%20%RWXHAUZAVREREZVGSRIPAVDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
RWX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
RWXSPDR Dow Jones International Real Estate ETF26.26-0.95-3.51%
HAUZXtrackers International Real Estate ETF21.98-0.82-3.58%
AVREAvantis Real Estate ETF47.474.279.88%
REZiShares Residential and Multisector Real Estate ETF95.5513.2016.03%
VGSRVert Global Sustainable Real Estate ETF11.271.0510.32%
IPAVGlobal X Infrastructure Development ex-U.S. ETF30.231.766.19%
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.