SPWO vs. SPY
Compare and contrast key facts about SP Funds S&P World ETF (SPWO) and SPDR S&P 500 ETF (SPY).
SPWO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPWO and SPY 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 SPY.
Key characteristics
| SPWO | SPY | |
|---|---|---|
| YTD Return | 15.96% | 21.39% |
| Daily Std Dev | 15.97% | 12.01% |
| Max Drawdown | -9.89% | -55.19% |
| Current Drawdown | -2.00% | -2.23% |
Correlation
The correlation between SPWO and SPY is 0.70, 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.
Performance
SPWO vs. SPY - Performance Comparison
In the year-to-date period, SPWO achieves a 15.96% return, which is significantly lower than SPY's 21.39% 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. SPY - Expense Ratio Comparison
SPWO has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPWO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P World ETF (SPWO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SPWO's dividend yield for the trailing twelve months is around 0.95%, less than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPWO SP Funds S&P World ETF | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPWO vs. SPY - Drawdown Comparison
The maximum SPWO drawdown since its inception was -9.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPWO and SPY. For additional features, visit the drawdowns tool.
Volatility
SPWO vs. SPY - Volatility Comparison
SP Funds S&P World ETF (SPWO) has a higher volatility of 4.59% compared to SPDR S&P 500 ETF (SPY) at 3.14%. This indicates that SPWO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.