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TIERvsCWIETF Comparison
T. Rowe Price International Equity Research ETF (TIER) and 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 3.8% year-to-date (YTD) with +$1M in YTD flows. CWI performs worse with 2.8% YTD performance, and +$7M 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.
TIER vs CWI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIER CWI | -4.91%-5.79% | +4.83%+4.11% | +3.80%+2.80% | n/a+28.29% | n/a+62.84% | n/a+47.04% |
| Flows | TIER CWI | -- | +$8M+$71M | +$1M+$7M | -+$295M | -+$244M | -+$371M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIER CWI | +15.42%+14.22% | n/a+14.30% | n/a+12.49% | n/a+13.66% |
| Max drawdown | TIER CWI | -7.56%-7.79% | n/a-13.36% | n/a-13.36% | n/a-29.10% |
| Max drawdown duration | TIER CWI | 14d11d | n/a43d | n/a43d | n/a1056d |
TIER | CWI | |
Last sale 3/13/2026 at 1:30 PM | $28.58 | $36.39 |
| Previous close 03/12/2026 | $28.76 | $36.80 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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TIER | CWI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
TIER | CWI | |
|---|---|---|
| Last price | $28.58 | $36.39 |
| 1D performance | -0.60% | -1.11% |
| AuM | $24.85 M | $2.42 B |
| E/R | 0.38% | 0.3% |
TIER | CWI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | SPDR |
| Benchmark | - | MSCI ACWI ex USA Index |
| N° of holdings | 277 | 1006 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | January 10, 2007 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the TIER and CWI ETFs performed in 2026?
As of March 11, 2026, TIER is up 3.8% year-to-date (YTD), while CWI has returned 2.8%. That puts TIER better performer ahead so far this year.
Which ETF is attracting more investor money: TIER or CWI?
Year-to-date, the TIER ETF saw +$1M in flows, compared to +$7M for CWI.
Which ETF is bigger: TIER or CWI?
As of March 11, 2026, TIER holds $24.85 M in assets under management (AUM), while CWI manages $2.42 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, US7960508882 and TENCENT HOLDINGS. CWI holds in its top three: US8740391003, ASML HOLDING and US7960508882.
Which ETF is more diversified: TIER or CWI?
TIER holds 304 securities with 20.21% of its assets in the top 15. CWI has 1100 securities and a top 15 weight of 17.51%.
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