IMFL vs SPDW: Differences, Returns & Fees
IMFL and SPDW hold 63% of their weight in the same names, and IMFL returned +23.1% over the year. Net assets: $1.1bn on Oct 9, 2026 for Invesco International Developed Dynamic Multifactor ETF, and $40.5bn on Oct 8, 2026 for State Street SPDR Portfolio Developed World ex-US ETF.
SPDW costs 0.31 points a year less; their one-year returns differ by 3.4 points.
| IMFL | SPDW | |
|---|---|---|
| Expense ratio | 0.34% | 0.03% |
| Net assets, IMFL as of Oct 9, 2026 and SPDW as of Oct 8, 2026 | $1.1bn | $40.5bn |
| Total return, 1 year | +23.1% | +19.7% |
| What it tracks | not read by ETFIQ | S&P Developed Ex-U.S. BMI Index ? |
| Holdings in common | 63% | |
| Holdings dated | Oct 10, 2026 | Oct 8, 2026 |
| Top ten holdings, share of the fund | 21.2% | 12.9% |
| Below its high | 4.8%, high on Aug 25, 2026 | 4.5%, high on Sep 4, 2026 |
Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, IMFL and SPDW hold 63% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.
half
63% in common
On the same fields
IMFL and SPDW on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
IMFL in plain words
IMFL tracks an index. Over the year to Oct 9, 2026 it returned +23.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,155 positions, with the top ten at 21.2%. It sat 4.8% below its high of Aug 25, 2026 on Oct 9, 2026.
SPDW in plain words
SPDW tracks an index. Over the year to Oct 9, 2026 it returned +19.7% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,448 positions, with the top ten at 12.9%. It sat 4.5% below its high of Sep 4, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, IMFL or SPDW?
- In the year to Oct 9, 2026, with distributions reinvested, IMFL returned +23.1% and SPDW +19.7%.
- Which is cheaper, IMFL or SPDW?
- SPDW is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IMFL against SPDW, data as of Oct 9, 2026. https://etfiq.com/compare/any/imfl-vs-spdw
ETFIQ. (Oct 9, 2026). IMFL against SPDW. Retrieved from https://etfiq.com/compare/any/imfl-vs-spdw
[IMFL against SPDW (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/imfl-vs-spdw)
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