- Issuer
- SP Funds
- Inception Date
- Dec 19, 2023
- Region
- Global (Ex-U.S.)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P DM Ex-U.S. & EM 50/50 Shariah Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $189M
Share Price Chart
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Performance
SPWO Performance Chart
SP Funds S&P World (ex-US) ETF (SPWO) is up 29.0% since the beginning of the year. SPWO is currently trading at $35 per share.
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Returns By Period
SP Funds S&P World (ex-US) ETF (SPWO) has returned 29.04% so far this year and 51.91% over the past 12 months.
SP Funds S&P World (ex-US) ETF
- 1D
- 0.14%
- 1M
- 7.06%
- YTD
- 29.04%
- 6M
- 30.19%
- 1Y
- 51.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPWO Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2023, SPWO's average daily return is +0.10%, while the average monthly return is +2.01%. At this rate, an investment would double in approximately 2.9 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +12.5%, while the worst month was Mar 2026 at -9.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPWO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Jun 5, 2026 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.46% | 6.67% | -9.65% | 12.47% | 7.53% | 3.02% | 29.04% | ||||||
| 2025 | 4.65% | -1.69% | -2.31% | 0.86% | 5.09% | 5.23% | -0.76% | 2.30% | 7.87% | 2.87% | -2.12% | 2.20% | 26.32% |
| 2024 | -2.30% | 4.47% | 2.70% | -2.12% | 6.06% | 0.52% | 1.00% | 2.76% | 2.41% | -2.60% | -1.77% | -1.79% | 9.25% |
| 2023 | 1.36% | 1.36% |
Benchmark Metrics
SP Funds S&P World (ex-US) ETF has an annualized alpha of 7.80%, beta of 0.94, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since December 20, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.17%) than losses (38.61%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 7.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.94 and R2 of 0.56, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 7.80%
- Beta
- 0.94
- R²
- 0.56
- Upside Capture
- 98.17%
- Downside Capture
- 38.61%
Expense Ratio
SPWO has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPWO ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SP Funds S&P World (ex-US) ETF (SPWO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPWO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.78 | +1.01 |
| Martin ratioReturn relative to average drawdown | 14.13 | 12.44 | +1.69 |
Dividends
Dividend History
SP Funds S&P World (ex-US) ETF provided a 1.01% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.27 |
Dividend yield | 1.01% | 1.29% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for SP Funds S&P World (ex-US) ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.35 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SP Funds S&P World (ex-US) ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SP Funds S&P World (ex-US) ETF was 18.03%, occurring on Apr 8, 2025. Recovery took 39 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.03%Apr 2025 | 6mo 2d | 1mo 27d | 7mo 29dOct 2024 - Jun 2025 |
2026 correction2026 | -13.75%Mar 2026 | 1mo 2d | 25d | 1mo 27dFeb 2026 - Apr 2026 |
2024 pullback2024 | -9.89%Aug 2024 | 21d | 1mo 20d | 2mo 11dJul 2024 - Sep 2024 |
2026 pullback2026 | -7.16%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
2025 pullback2025 | -6.75%Nov 2025 | 1mo 14d | 1mo 13d | 2mo 27dOct 2025 - Jan 2026 |
Drawdown Indicators
| SPWO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -56.78% | +38.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -9.10% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -10.71% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.03% | +1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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