SPWO vs. IGDA.L

Last updated Apr 1, 2026

Compare and contrast key facts about SP Funds S&P World ETF (SPWO) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L).

SPWO and IGDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPWO is a passively managed fund by SP Funds that tracks the performance of the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. It was launched on Dec 19, 2023. IGDA.L is a passively managed fund by Invesco that tracks the performance of the Dow Jones Islamic Market Developed Markets Index. It was launched on Jan 7, 2022. Both SPWO and IGDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPWO vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P World ETF (SPWO) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

SPWO vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPWO SP Funds S&P World ETF	3.57%	26.32%	9.25%	2.96%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	-5.89%	18.74%	17.94%	0.81%

Returns By Period

In the year-to-date period, SPWO achieves a 3.57% return, which is significantly higher than IGDA.L's -5.89% return.

SPWO

• 1D: 3.75%
• 1M: -9.65%
• YTD: 3.57%
• 6M: 6.58%
• 1Y: 30.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGDA.L

• 1D: 0.81%
• 1M: -8.14%
• YTD: -5.89%
• 6M: -0.88%
• 1Y: 20.85%
• 3Y*: 15.76%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPWO vs. IGDA.L - Expense Ratio Comparison

SPWO has a 0.55% expense ratio, which is higher than IGDA.L's 0.40% expense ratio.

SPWO

SP Funds S&P World ETF

IGDA.L

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc

Return for Risk

SPWO vs. IGDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPWO

SPWO Risk / Return Rank: 80
SPWO Sharpe Ratio Rank: 81
SPWO Sortino Ratio Rank: 82
SPWO Omega Ratio Rank: 78
SPWO Calmar Ratio Rank: 81
SPWO Martin Ratio Rank: 79

IGDA.L

IGDA.L Risk / Return Rank: 71
IGDA.L Sharpe Ratio Rank: 72
IGDA.L Sortino Ratio Rank: 72
IGDA.L Omega Ratio Rank: 68
IGDA.L Calmar Ratio Rank: 67
IGDA.L Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPWO vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P World ETF (SPWO) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPWO	IGDA.L	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.23	+0.27
Sortino ratio Return per unit of downside risk	2.07	1.75	+0.32
Omega ratio Gain probability vs. loss probability	1.29	1.24	+0.04
Calmar ratio Return relative to maximum drawdown	2.14	1.62	+0.52
Martin ratio Return relative to average drawdown	8.09	7.29	+0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPWO vs. IGDA.L - Sharpe Ratio Comparison

The current SPWO Sharpe Ratio is 1.49, which is comparable to the IGDA.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SPWO and IGDA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPWO	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.23	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.57	+0.45

Correlation

The correlation between SPWO and IGDA.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPWO vs. IGDA.L - Dividend Comparison

SPWO's dividend yield for the trailing twelve months is around 1.25%, while IGDA.L has not paid dividends to shareholders.

	TTM	2025	2024
SPWO SP Funds S&P World ETF	1.25%	1.29%	1.24%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	0.00%	0.00%	0.00%

Drawdowns

SPWO vs. IGDA.L - Drawdown Comparison

The maximum SPWO drawdown since its inception was -18.03%, smaller than the maximum IGDA.L drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for SPWO and IGDA.L.

Drawdown Indicators

	SPWO	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.03%	-24.18%	+6.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-11.73%	-2.02%
Current Drawdown Current decline from peak	-10.51%	-8.98%	-1.53%
Average Drawdown Average peak-to-trough decline	-2.84%	-5.37%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	2.61%	+1.03%

Volatility

SPWO vs. IGDA.L - Volatility Comparison

SP Funds S&P World ETF (SPWO) has a higher volatility of 9.62% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 5.17%. This indicates that SPWO's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPWO	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.62%	5.17%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	9.69%	+5.21%
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	17.00%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	18.64%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	18.64%	-0.23%