SPWO vs. WSHR.NEO
Compare and contrast key facts about SP Funds S&P World ETF (SPWO) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO).
SPWO and WSHR.NEO 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. WSHR.NEO is a passively managed fund by Mackenzie that tracks the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. It was launched on May 12, 2021. Both SPWO and WSHR.NEO 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. WSHR.NEO - Performance Comparison
Loading graphics...
SPWO vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPWO SP Funds S&P World ETF | 4.71% | 26.32% | 9.25% | 2.96% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 0.62% | 10.39% | 3.44% | 1.88% |
Different Trading Currencies
SPWO is traded in USD, while WSHR.NEO is traded in CAD. To make them comparable, the WSHR.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPWO achieves a 4.71% return, which is significantly higher than WSHR.NEO's 0.62% return.
SPWO
- 1D
- 1.10%
- 1M
- -7.11%
- YTD
- 4.71%
- 6M
- 6.19%
- 1Y
- 30.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WSHR.NEO
- 1D
- 2.31%
- 1M
- -5.99%
- YTD
- 0.62%
- 6M
- 1.37%
- 1Y
- 6.26%
- 3Y*
- 7.22%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPWO vs. WSHR.NEO - Expense Ratio Comparison
SPWO has a 0.55% expense ratio, which is lower than WSHR.NEO's 0.56% expense ratio.
Return for Risk
SPWO vs. WSHR.NEO — Risk / Return Rank
SPWO
WSHR.NEO
SPWO vs. WSHR.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P World ETF (SPWO) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO). 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 | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.42 | +1.10 |
Sortino ratioReturn per unit of downside risk | 2.10 | 0.68 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.09 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 0.68 | +1.62 |
Martin ratioReturn relative to average drawdown | 8.57 | 2.42 | +6.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPWO | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.42 | +1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.32 | +0.73 |
Correlation
The correlation between SPWO and WSHR.NEO is 0.53, 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. WSHR.NEO - Dividend Comparison
SPWO's dividend yield for the trailing twelve months is around 1.24%, less than WSHR.NEO's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPWO SP Funds S&P World ETF | 1.24% | 1.29% | 1.24% | 0.00% | 0.00% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.37% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% |
Drawdowns
SPWO vs. WSHR.NEO - Drawdown Comparison
The maximum SPWO drawdown since its inception was -18.03%, smaller than the maximum WSHR.NEO drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for SPWO and WSHR.NEO.
Loading graphics...
Drawdown Indicators
| SPWO | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -20.86% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -9.72% | -4.03% |
Current DrawdownCurrent decline from peak | -9.53% | -4.82% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.87% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.96% | +0.73% |
Volatility
SPWO vs. WSHR.NEO - Volatility Comparison
SP Funds S&P World ETF (SPWO) has a higher volatility of 8.76% compared to Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) at 5.08%. This indicates that SPWO's price experiences larger fluctuations and is considered to be riskier than WSHR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPWO | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 5.08% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 9.53% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 15.05% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 13.47% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 13.47% | +4.94% |