TIERvsCWIETF Comparison
ETF 1
TIER
T. Rowe Price International Equity Research ETF
This fund is part of
Global Blended Cap
-0.87%
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. TIER's top 3 sector exposures are Finance, Technology and Industrials. In contrast, CWI's top sector exposures are Technology, Finance and Industrials. TIER is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.3% for CWI. TIER is up 10.73% year-to-date (YTD) with +$9M in YTD flows. CWI performs worse with 10.02% YTD performance, and +$145M 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 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TIER CWI | -2.48%-2.56% | +3.28%+2.30% | +10.73%+10.02% | +23.23%+22.81% | n/a+57.45% | n/a+51.40% |
| Flows | TIER CWI | +$5M+$16M | +$6M+$40M | +$9M+$145M | +$19M+$390M | -+$335M | -+$377M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TIER CWI | +19.95%+15.62% | +16.73%+14.12% | n/a+13.36% | n/a+14.19% |
| Max drawdown | TIER CWI | -5.07%-5.02% | -12.14%-10.82% | n/a-13.36% | n/a-28.77% |
| Max drawdown duration | TIER CWI | 15d37d | 69d65d | n/a43d | n/a925d |
Trading data
TIER | CWI | |
Last sale 7/29/2026 at 1:30 PM | $31.25 | $39.13 |
| Previous close 07/29/2026 | $31.38 | $39.49 |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/29/2026 at 1:30 PM
Live
Closed
TIER | CWI | |
|---|---|---|
| Last price | $31.25 | $39.13 |
| 1D performance | -0.40% | -0.91% |
| AuM | $34.31 M | $2.70 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 | 379 | 1102 |
| 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
15.32%
Taiwan
9.85%
United Kingdom
8.7%
Canada
7.98%
Republic of Korea
7.43%
Other
50.73%
CWI
Japan
13.84%
Taiwan
9.06%
Canada
8.35%
United Kingdom
8.21%
Republic of Korea
7.69%
Other
52.86%
Sectors
TIER
Finance
26.5%
Technology
25.88%
Industrials
11.75%
Non-Energy Materi.
7.16%
Other
28.71%
CWI
Technology
24.83%
Finance
24.74%
Industrials
11.34%
Other
39.09%
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Diversification
TIER
Total weight of top 15 holdings out of 15
23.19%
CWI
Total weight of top 15 holdings out of 15
21.32%
Top 15 holdings
Data as of June 30, 2026
TIER
Taiwan Semiconductor Manufacturing Co., Ltd.
3.61%
Samsung Electronics Co., Ltd.
3.10%
SK hynix, Inc.
2.60%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.36%
ASML Holding NV
2.08%
Royal Bank of Canada
1.32%
Tencent Holdings Ltd.
1.12%
BHP Group Ltd.
1.00%
HSBC Holdings Plc
0.98%
MediaTek, Inc.
0.89%
AstraZeneca PLC
0.89%
Nestlé SA
0.88%
Siemens AG
0.86%
Roche Holding AG
0.75%
Novartis AG
0.74%
CWI
Taiwan Semiconductor Manufacturing Co., Ltd.
5.38%
Samsung Electronics Co., Ltd.
2.90%
SK hynix, Inc.
2.55%
ASML Holding NV
2.11%
HSBC Holdings Plc
0.95%
Royal Bank of Canada
0.90%
Tencent Holdings Ltd.
0.89%
Roche Holding AG
0.82%
Novartis AG
0.78%
AstraZeneca PLC
0.76%
Nestlé SA
0.72%
Siemens AG
0.69%
The Toronto-Dominion Bank
0.66%
Tokyo Electron Ltd.
0.61%
Mitsubishi UFJ Financial Group, Inc.
0.61%
Frequently asked questions about TIER and CWI
How have the TIER and CWI ETFs performed in 2026?
As of July 28, 2026, TIER is up 10.73% year-to-date (YTD), while CWI has returned 10.02%. 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 +$9M in flows, compared to +$145M for CWI.
Which ETF is more volatile: TIER or CWI?
Over the past year, TIER had a volatility of 16.73%, while CWI experienced 14.12%.
Which ETF is bigger: TIER or CWI?
As of July 28, 2026, TIER holds $34.31 M in assets under management (AUM), while CWI manages $2.70 B.
What sectors do the TIER and CWI ETFs invest in?
TIER leans toward sectors like Finance, Technology and Industrials. Meanwhile, CWI focuses on Technology, Finance and Industrials.
What are the top holdings of the TIER ETF and CWI ETF?
TIER top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. 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 380 securities with 23.19% of its assets in the top 15. CWI has 1107 securities and a top 15 weight of 21.32%.
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