New

Ready-made ETF portfolios built for real investor needs. Explore now →

Advertisement
Advertisement

FRGNvsCWIETF Comparison

ETF 1
FRGN

Horizon International Equity ETF

This fund is part of
Options Strategies
-0.04%
VS
ETF 2
CWI

State Street SPDR MSCI ACWI ex-US ETF

This fund is part of
Global Blended Cap
-0.15%

Horizon International Equity ETF (FRGN) belongs to the Options Strategies segment. State Street SPDR MSCI ACWI ex-US ETF (CWI) is part of the Global Blended Cap segment. FRGN's top 3 sector exposures are Information Technology, Financials and Industrials. In contrast, CWI's top sector exposures are Financials, Industrials and Information Technology. FRGN is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.3% for CWI. FRGN is up 14.42% year-to-date (YTD) with -$3M in YTD flows. CWI performs worse with 8.49% YTD performance, and +$105M in YTD flows. Run a side-by-side ETF comparison of FRGN and CWI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios.  Discover our library of Model portfolios

FRGN vs CWI performance and flow charts

Performance

024681012%Mar 27Apr 6Apr 13Apr 20Apr 27

Cumulative Flows

0 M20 M40 M60 M80 M100 MMar 27Apr 6Apr 13Apr 20Apr 27

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 04/27/2026
1M3MYTD1Y3Y5Y
Perf.
FRGN
CWI
+11.02%+8.91%
+4.14%+1.95%
+14.42%+8.49%
n/a+33.47%
n/a+63.73%
n/a+50.70%
Flows
FRGN
CWI
-+$98M
-$3M+$75M
-$3M+$105M
-+$363M
-+$342M
-+$404M
Volatility and drawdown
3M1Y3Y5Y
Volatility
FRGN
CWI
+21.80%+19.55%
n/a+12.78%
n/a+13.01%
n/a+13.99%
Max drawdown
FRGN
CWI
-11.40%-10.82%
n/a-10.82%
n/a-13.36%
n/a-29.10%
Max drawdown duration
FRGN
CWI
61d57d
n/a57d
n/a43d
n/a1056d
Trading data

Create an account to view trading data

Join for free
FRGN
CWI
Last sale
4/27/2026 at 1:30 PM
$29.30
$38.97
Previous close
04/27/2026
$29.27
$39.02
Consolidated volume
04/27/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

Create an account to view replication metrics

Join for free

FRGN
is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free
FRGN
CWI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Advertisement
Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
FRGN
CWI
Last price
$29.30
$38.97
1D performance
+0.07%
-0.13%
AuM$94.08 M$2.66 B
E/R0.75%0.3%
Characteristics
FRGN
CWI
Management strategyActivePassive
ProviderHorizon InvestmentsState Street Investment Management
Benchmark-MSCI ACWI ex USA Index
N° of holdings399994
Asset class-Equities
Trailing 12m distribution yield
Join
Join
Inception dateDecember 3, 2025January 10, 2007
ESGNoNo
Advertisement
Exposure

Countries

FRGN
Japan
12.18%
Republic of Korea
11.14%
United Kingdom
10.02%
Canada
9.49%
Taiwan
7.57%
Other
49.6%
CWI
Japan
14.15%
Canada
9.23%
United Kingdom
9.19%
USA
8.68%
Other
58.74%

Sectors

FRGN
Information Techn.
24.02%
Financials
14.5%
Industrials
10.46%
Energy
8.66%
Health Care
8.42%
Materials
7.66%
Other
26.29%
CWI
Financials
22.35%
Industrials
13.32%
Information Techn.
8.74%
Consumer Discreti.
8.14%
Other
47.46%
Advertisement

Diversification

FRGN

Total weight of top 15 holdings out of 15

29.53%
CWI

Total weight of top 15 holdings out of 15

17.34%

Top 15 holdings

Data as of March 31, 2026
FRGN
TWN SEMICONT MAN
4.00%
SAMSUNG ELECTR
3.98%
ASML HOLDING
3.51%
SK HYNIX
3.48%
NOVARTIS
2.34%
SHELL PLC
1.59%
ASTRAZENECA
1.53%
TORONTO DOMINION
1.49%
TOTALENERGIES SE
1.42%
ALIBABA GROUP HOLDING LTD
1.31%
AGNICO EAGLE MINES LTD
1.06%
GSK PLC
1.05%
RIO TINTO
1.03%
CDN NATURAL RESOURCE
0.88%
DEUTSCHE TELEKOM AG
0.86%
CWI
US8740391003
4.13%
US7960508882
1.73%
ASML HOLDING
1.57%
TENCENT HOLDINGS
1.13%
SHELL PLC
0.95%
HSBC HOLDINGS
0.93%
NOVARTIS
0.89%
ASTRAZENECA
0.89%
SK HYNIX
0.86%
ROYAL BK CANADA
0.83%
NESTLE SA
0.80%
ALIBABA GROUP HOLDING LTD
0.75%
COMMONWEALTH BANK OF AUSTRALIA
0.64%
TOTALENERGIES SE
0.62%
TOYOTA
0.60%
Frequently asked questions about FRGN and CWI

How have the FRGN and CWI ETFs performed in 2026?

As of April 27, 2026, FRGN is up 14.42% year-to-date (YTD), while CWI has returned 8.49%. That puts FRGN better performer ahead so far this year.

Which ETF is attracting more investor money: FRGN or CWI?

Year-to-date, the FRGN ETF saw -$3M in flows, compared to +$105M for CWI.

Which ETF is bigger: FRGN or CWI?

As of April 27, 2026, FRGN holds $94.08 M in assets under management (AUM), while CWI manages $2.66 B.

What sectors do the FRGN and CWI ETFs invest in?

FRGN leans toward sectors like Information Technology, Financials and Industrials. Meanwhile, CWI focuses on Financials, Industrials and Information Technology.

What are the top holdings of the FRGN ETF and CWI ETF?

FRGN top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and ASML HOLDING. CWI holds in its top three: US8740391003, US7960508882 and ASML HOLDING.

Which ETF is more diversified: FRGN or CWI?

FRGN holds 434 securities with 29.53% of its assets in the top 15. CWI has 1086 securities and a top 15 weight of 17.34%.

Advertisement
Advertisement
Advertisement
ETF INVESTOR TOOLS

Build and Analyze Your ETF Portfolio Like a Pro

Create your own ETF portfolio in minutes and instantly see allocations, exposures, performance, and risk. Visualize diversification across asset classes, regions, and sectors. Stress-test ideas, compare benchmarks, and refine your strategy with professional-grade analytics.

Portfolio Builder