SROI vs. SPDW

Last updated Jun 4, 2026

SROI (Calamos Antetokounmpo Global Sustainable Equities ETF) and SPDW (SPDR Portfolio World ex-US ETF) are both exchange-traded funds - SROI is a Global Equities fund actively managed by Calamos, while SPDW is a Foreign Large Cap Equities fund tracking the S&P Developed Ex-U.S. BMI Index. SROI is actively managed, while SPDW is passively managed. Over the past 3 years, SROI returned 14.52%/yr vs 20.11%/yr for SPDW. Their correlation of 0.88 suggests significant overlap in exposure. SROI charges 0.95%/yr vs 0.04%/yr for SPDW.

Performance

SROI vs. SPDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) and SPDR Portfolio World ex-US ETF (SPDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SROI achieves a 11.06% return, which is significantly lower than SPDW's 15.36% return.

SROI

• 1D: -0.71%
• 1M: 3.89%
• YTD: 11.06%
• 6M: 11.15%
• 1Y: 20.66%
• 3Y*: 14.52%
• 5Y*: —
• 10Y*: —

SPDW

• 1D: 0.31%
• 1M: 4.15%
• YTD: 15.36%
• 6M: 18.10%
• 1Y: 31.87%
• 3Y*: 20.11%
• 5Y*: 9.45%
• 10Y*: 10.05%

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

SROI vs. SPDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	11.06%	16.36%	9.48%	9.18%
SPDW SPDR Portfolio World ex-US ETF	15.36%	34.75%	3.55%	9.31%

Correlation

The correlation between SROI and SPDW is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.88

The correlation between SROI and SPDW has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

SROI vs. SPDW - Sectors Allocation Comparison

Sectors	SROI	SPDW
Technology	29.6%	13.7%
Industrials	18.1%	19.2%
Financial Services	13.6%	22.9%
Consumer Cyclical	9.2%	7.8%
Healthcare	8.8%	8.3%
Communication Services	7.4%	3.8%
Consumer Defensive	5.3%	5.7%
Basic Materials	4.4%	7.3%
Utilities	2.5%	3.3%
Real Estate	1.0%	2.5%
Energy	0.8%	5.5%

Return for Risk

SROI vs. SPDW — Risk / Return Rank

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

SROI

SROI Risk / Return Rank: 46
SROI Sharpe Ratio Rank: 45
SROI Sortino Ratio Rank: 46
SROI Omega Ratio Rank: 44
SROI Calmar Ratio Rank: 42
SROI Martin Ratio Rank: 52

SPDW

SPDW Risk / Return Rank: 61
SPDW Sharpe Ratio Rank: 63
SPDW Sortino Ratio Rank: 62
SPDW Omega Ratio Rank: 62
SPDW Calmar Ratio Rank: 57
SPDW Martin Ratio Rank: 61

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.

SROI vs. SPDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) and SPDR Portfolio World ex-US ETF (SPDW). 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.

	SROI	SPDW	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.06	-0.51
Sortino ratio: Return per unit of downside risk	2.24	2.85	-0.61
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	2.04	2.77	-0.74
Martin ratio: Return relative to average drawdown	8.77	10.83	-2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SROI vs. SPDW - Sharpe Ratio Comparison

The current SROI Sharpe Ratio is 1.55, which is comparable to the SPDW Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SROI and SPDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SROI	SPDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.06	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.24	+0.77

Drawdowns

SROI vs. SPDW - Drawdown Comparison

The maximum SROI drawdown since its inception was -15.38%, smaller than the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for SROI and SPDW.

Drawdown Indicators

	SROI	SPDW	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-60.02%	+44.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-11.55%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	-13.53%	-1.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-0.71%	-0.56%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.42%	-12.91%	+10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.95%	-0.59%

Volatility

SROI vs. SPDW - Volatility Comparison

The current volatility for Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) is 4.00%, while SPDR Portfolio World ex-US ETF (SPDW) has a volatility of 5.44%. This indicates that SROI experiences smaller price fluctuations and is considered to be less risky than SPDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SROI	SPDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	5.44%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	13.17%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	15.58%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	16.49%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	17.25%	-3.38%

SROI vs. SPDW - Expense Ratio Comparison

SROI has a 0.95% expense ratio, which is higher than SPDW's 0.04% expense ratio.

Dividends

SROI vs. SPDW - Dividend Comparison

SROI's dividend yield for the trailing twelve months is around 0.54%, less than SPDW's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPDW SPDR Portfolio World ex-US ETF	2.86%	3.30%	3.19%	2.75%	3.12%	3.04%	1.87%	3.13%	3.08%	1.86%	3.11%	2.78%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	0.54%	0.60%	0.68%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SROI and SPDW in my portfolio?

SROI and SPDW have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SROI or SPDW?

SPDW has higher volatility (5.44%) compared to SROI (4.00%). In terms of maximum drawdown, SROI dropped -15.38% vs SPDW's -60.02%.

Which ETF is better, SROI or SPDW?

On 3-year performance, SPDW leads with 20.11% vs 14.52% for SROI. On fees, SPDW is cheaper at 0.04% per year. On volatility, SROI has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SROI or SPDW?

Over the 3-year period, SPDW has performed better with a 20.11% return vs 14.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SROI or SPDW?

SPDW is cheaper with a 0.04% expense ratio, compared with 0.95% for SROI.

Which ETF pays a higher dividend yield, SROI or SPDW?

SPDW has the higher dividend yield at 2.86%, compared with 0.54% for SROI.

What is the main difference between SROI and SPDW?

SROI is categorized as Global Equities, while SPDW is Foreign Large Cap Equities. They also come from different issuers: Calamos and State Street. Their fees differ too: 0.95% for SROI and 0.04% for SPDW.

Which has better risk-adjusted returns?

SPDW currently has the higher Sharpe Ratio (2.06 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.