TIERvsCWIETF Comparison
ETF 1
TIER
T. Rowe Price International Equity Research ETF
This fund is part of
Global Blended Cap
+0.68%
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: Finance, Technology and Industrials. TIER is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.3% for CWI. TIER is up 10.34% year-to-date (YTD) with +$116M in YTD flows. CWI performs better with 11.15% YTD performance, and +$250M 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 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIER CWI | -3.76%-2.65% | -1.09%-0.70% | +10.34%+11.15% | +12.36%+13.47% | n/a+79.18% | n/a+52.40% |
| Flows | TIER CWI | -+$81M | +$107M+$106M | +$116M+$250M | +$125M+$393M | -+$528M | -+$465M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIER CWI | +13.91%+10.85% | +17.23%+14.37% | n/a+13.24% | n/a+14.20% |
| Max drawdown | TIER CWI | -6.35%-6.06% | -12.14%-10.82% | n/a-13.36% | n/a-28.24% |
| Max drawdown duration | TIER CWI | 49d49d | 69d65d | n/a43d | n/a783d |
Trading data
TIER | CWI | |
Last sale 10/28/2026 at 1:30 PM | $31.52 | $39.89 |
| Previous close 10/27/2026 | $31.37 | $39.67 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/28/2026 at 1:30 PM
Live
Closed
TIER | CWI | |
|---|---|---|
| Last price | $31.52 | $39.89 |
| 1D performance | +0.48% | +0.55% |
| AuM | $135.21 M | $2.83 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 | 391 | 1061 |
| 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
14.98%
United Kingdom
9.32%
Taiwan
9.12%
Canada
8.18%
Other
58.4%
CWI
Japan
14.28%
Canada
8.69%
Taiwan
8.52%
United Kingdom
8.39%
Other
60.12%
Sectors
TIER
Finance
27.18%
Technology
23.16%
Industrials
12.22%
Non-Energy Materi.
8.09%
Healthcare
7.1%
Other
22.25%
CWI
Finance
25.77%
Technology
22.59%
Industrials
11.45%
Non-Energy Materi.
7.49%
Other
32.71%
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Diversification
TIER
Total weight of top 15 holdings out of 15
19.99%
CWI
Total weight of top 15 holdings out of 15
19.34%
Top 15 holdings
Data as of August 31, 2026
TIER
Taiwan Semiconductor Manufacturing Co., Ltd.
3.24%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.22%
Samsung Electronics Co., Ltd.
1.84%
ASML Holding NV
1.81%
SK hynix, Inc.
1.74%
Tencent Holdings Ltd.
1.13%
BHP Group Ltd.
0.99%
AstraZeneca PLC
0.95%
Alibaba Group Holding Ltd.
0.92%
HSBC Holdings Plc
0.90%
Roche Holding AG
0.89%
Royal Bank of Canada
0.88%
Siemens AG
0.83%
SAP SE
0.82%
Novartis AG
0.82%
CWI
Taiwan Semiconductor Manufacturing Co., Ltd.
4.83%
Samsung Electronics Co., Ltd.
2.51%
SK hynix, Inc.
1.79%
ASML Holding NV
1.78%
HSBC Holdings Plc
1.01%
Tencent Holdings Ltd.
0.91%
Royal Bank of Canada
0.87%
Roche Holding AG
0.85%
Novartis AG
0.75%
Siemens AG
0.70%
Mitsubishi UFJ Financial Group, Inc.
0.70%
Shell Plc
0.69%
Nestlé SA
0.67%
AstraZeneca PLC
0.65%
BHP Group Ltd.
0.64%
Frequently asked questions about TIER and CWI
How have the TIER and CWI ETFs performed in 2026?
As of October 26, 2026, TIER is up 10.34% year-to-date (YTD), while CWI has returned 11.15%. 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 +$116M in flows, compared to +$250M for CWI.
Which ETF is more volatile: TIER or CWI?
Over the past year, TIER had a volatility of 17.23%, while CWI experienced 14.37%.
Which ETF is bigger: TIER or CWI?
As of October 26, 2026, TIER holds $135.21 M in assets under management (AUM), while CWI manages $2.83 B.
What sectors do the TIER and CWI ETFs invest in?
TIER leans toward sectors like Finance, Technology and Industrials. Meanwhile, CWI focuses on Finance, Technology and Industrials.
What are the top holdings of the TIER ETF and CWI ETF?
TIER top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Samsung Electronics Co., Ltd.. CWI holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: TIER or CWI?
TIER holds 395 securities with 19.99% of its assets in the top 15. CWI has 1068 securities and a top 15 weight of 19.34%.
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