TIERvsCWIETF Comparison
ETF 1
TIER
T. Rowe Price International Equity Research ETF
This fund is part of
Global Blended Cap
+2.59%
VS
T. Rowe Price International Equity Research ETF (TIER) and State Street SPDR MSCI ACWI ex-US ETF (CWI) belong to the same industry segment: Global Blended Cap. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Information Technology. TIER is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.3% for CWI. TIER is up 9.26% year-to-date (YTD) with +$4M in YTD flows. CWI performs better with 10.78% YTD performance, and +$105M in YTD flows. Run a side-by-side ETF comparison of TIER 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.
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TIER vs CWI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIER CWI | -2.55%-1.04% | +4.98%+6.28% | +9.26%+10.78% | n/a+26.18% | n/a+65.67% | n/a+48.76% |
| Flows | TIER CWI | +$2M- | +$3M+$98M | +$4M+$105M | -+$363M | -+$342M | -+$379M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIER CWI | +22.32%+18.17% | n/a+13.42% | n/a+13.16% | n/a+14.07% |
| Max drawdown | TIER CWI | -6.41%-5.07% | n/a-10.82% | n/a-13.36% | n/a-29.10% |
| Max drawdown duration | TIER CWI | 28d27d | n/a65d | n/a43d | n/a1056d |
Trading data
TIER | CWI | |
Last sale 6/12/2026 at 1:30 PM | $32.15 | $40.45 |
| Previous close 06/11/2026 | $31.99 | $40.30 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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TIER
is actively managed and doesn’t replicate an indexTIER | CWI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
TIER | CWI | |
|---|---|---|
| Last price | $32.15 | $40.45 |
| 1D performance | +0.48% | +0.37% |
| AuM | $29.24 M | $2.68 B |
| E/R | 0.38% | 0.3% |
Characteristics
TIER | CWI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | State Street Investment Management |
| Benchmark | - | MSCI ACWI ex USA Index |
| N° of holdings | 259 | 1011 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | January 10, 2007 |
| ESG | No | No |
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Exposure
Countries
TIER
Japan
14.02%
United Kingdom
8.4%
Canada
8.28%
USA
7.38%
Other
61.92%
CWI
Japan
14.13%
USA
9.4%
Canada
9.09%
United Kingdom
9.03%
Other
58.35%
Sectors
TIER
Financials
19.67%
Industrials
11.93%
Information Techn.
9.44%
Other
58.96%
CWI
Financials
22.26%
Industrials
13.57%
Information Techn.
10.43%
Consumer Discreti.
7.99%
Other
45.75%
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Diversification
TIER
Total weight of top 15 holdings out of 15
18.43%
CWI
Total weight of top 15 holdings out of 15
18.51%
Top 15 holdings
Data as of April 30, 2026
TIER
TWN SEMICONT MAN
3.56%
US8740391003
1.80%
USN070592100
1.54%
TENCENT HOLDINGS
1.32%
ROYAL BK CANADA
1.22%
ALIBABA GROUP HOLDING LTD
1.11%
BHP GROUP LTD
1.01%
ASTRAZENECA
0.95%
NESTLE SA
0.93%
HSBC HOLDINGS
0.91%
SIEMENS
0.90%
SHELL PLC
0.87%
MITSUBISHI UFJ FINANCIAL GROUP
0.84%
DELTA ELECTRONIC
0.74%
NOVARTIS
0.73%
CWI
US8740391003
4.55%
US7960508882
2.09%
ASML HOLDING
1.61%
SK HYNIX
1.35%
TENCENT HOLDINGS
1.00%
HSBC HOLDINGS
0.97%
ROYAL BK CANADA
0.85%
CH1499059983
0.84%
SHELL PLC
0.84%
NOVARTIS
0.81%
ASTRAZENECA
0.80%
NESTLE SA
0.76%
ALIBABA GROUP HOLDING LTD
0.73%
SIEMENS
0.66%
COMMONWEALTH BANK OF AUSTRALIA
0.64%
Frequently asked questions about TIER and CWI
How have the TIER and CWI ETFs performed in 2026?
As of June 10, 2026, TIER is up 9.26% year-to-date (YTD), while CWI has returned 10.78%. That puts CWI better performer ahead so far this year.
Which ETF is attracting more investor money: TIER or CWI?
Year-to-date, the TIER ETF saw +$4M in flows, compared to +$105M for CWI.
Which ETF is bigger: TIER or CWI?
As of June 10, 2026, TIER holds $29.24 M in assets under management (AUM), while CWI manages $2.68 B.
What sectors do the TIER and CWI ETFs invest in?
TIER leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, CWI focuses on Financials, Industrials and Information Technology.
What are the top holdings of the TIER ETF and CWI ETF?
TIER top holdings include TWN SEMICONT MAN, US8740391003 and USN070592100. CWI holds in its top three: US8740391003, US7960508882 and ASML HOLDING.
Which ETF is more diversified: TIER or CWI?
TIER holds 273 securities with 18.43% of its assets in the top 15. CWI has 1107 securities and a top 15 weight of 18.51%.
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