SPWO vs. SPTE
Compare and contrast key facts about SP Funds S&P World ETF (SPWO) and SP Funds S&P Global Technology ETF (SPTE).
SPWO and SPTE 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. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. Both SPWO and SPTE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPWO or SPTE.
Key characteristics
| SPWO | SPTE | |
|---|---|---|
| YTD Return | 15.96% | 27.53% |
| Daily Std Dev | 15.97% | 25.00% |
| Max Drawdown | -9.89% | -18.15% |
| Current Drawdown | -2.00% | -6.58% |
Correlation
The correlation between SPWO and SPTE is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPWO vs. SPTE - Performance Comparison
In the year-to-date period, SPWO achieves a 15.96% return, which is significantly lower than SPTE's 27.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPWO vs. SPTE - Expense Ratio Comparison
Both SPWO and SPTE have an expense ratio of 0.55%.
Risk-Adjusted Performance
SPWO vs. SPTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P World ETF (SPWO) and SP Funds S&P Global Technology ETF (SPTE). 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.
Not enough dataDividends
SPWO vs. SPTE - Dividend Comparison
SPWO's dividend yield for the trailing twelve months is around 0.95%, more than SPTE's 0.22% yield.
| TTM | |
|---|---|
SPWO SP Funds S&P World ETF | 0.95% |
SPTE SP Funds S&P Global Technology ETF | 0.22% |
Drawdowns
SPWO vs. SPTE - Drawdown Comparison
The maximum SPWO drawdown since its inception was -9.89%, smaller than the maximum SPTE drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for SPWO and SPTE. For additional features, visit the drawdowns tool.
Volatility
SPWO vs. SPTE - Volatility Comparison
The current volatility for SP Funds S&P World ETF (SPWO) is 4.64%, while SP Funds S&P Global Technology ETF (SPTE) has a volatility of 6.02%. This indicates that SPWO experiences smaller price fluctuations and is considered to be less risky than SPTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.