SPWO
SP Funds S&P World (ex-US) ETF
SPWO tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted.
Global
EQUITY
Passive
MANAGEMENT STYLE
$ 192.7 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Dec 20, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 19.9 % |
| SAMSUNG ELECTRONICS CO LTD | 4.1 % |
| ASML HOLDING NV | 3.4 % |
| HYNIX SEMICONDUCTOR INC | 3.2 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 3.0 % |
| MEDIATEK INC | 2.1 % |
| ROCHE HOLDINGS LTD-SPONS ADR | 1.5 % |
| NOVARTIS AG-ADR | 1.4 % |
| ASTRAZENECA PLC | 1.3 % |
| NESTLE SA-SPONS ADR | 1.3 % |
Constituent Breakdown
| Number of holdings | 294 |
| Herfindahl-Hirschman Index | 475 |
| Wgt avg mkt cap (mns) | $627,166 |
| Large cap (>$10bn) | 83.8% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 37.6% |
| Emerging mkts. | 51.2% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 28.3 % |
 |
SOUTH KOREA | 8.2 % |
 |
CHINA | 7.8 % |
 |
SWITZERLAND | 6.8 % |
 |
JAPAN | 6.7 % |
 |
CANADA | 4.4 % |
 |
BRITAIN | 4.0 % |
 |
NETHERLANDS | 3.7 % |
 |
FRANCE | 2.8 % |
 |
SAUDI ARABIA | 2.3 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.7% | 41.7% | 25.1% | -- | -- | -- | -- | 24.8% |
| Dividend Yield | 0.6% | 1.8% | 1.6% | -- | -- | -- | -- | 1.6% |
| Total Returns | 27.3% | 43.4% | 26.7% | -- | -- | -- | -- | 26.4% | Ann. Volatility | 27.6% | 22.0% | 21.3% | -- | -- | -- | -- | 19.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.43 | 65% |
| MSCI EAFE | 1.18 | 69% |
| MSCI Emg Mkts | 0.93 | 91% |
Liquidity Measures
| Avg. volume (000) | 51 |
| ADV traded (mns) | $2 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| 30d moving avg. (EMA) | $32.85 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.37/-0.26 |
| Bollinger Bands (Upper/Lower) | $34.43/$31.36 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPWO |
Expenses vs. SPWO |
ALTAR Score™ vs. SPWO |
|---|---|---|---|---|
| APIE | ActivePassive International Equity ETF | 30.8% | -10 bp | +2.1% |
| EMEM | Sophus Capital Emerging Market ETF | 27.7% | +10 bp | +2.4% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 24.7% | -22 bp | +2.6% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 24.6% | -22 bp | +1.8% |
| SPTE | SP Funds S&P Global Technology ETF | 24.0% | 0 bp | -2.0% |
| UMMA | Wahed Dow Jones Islamic World ETF | 24.0% | +10 bp | -0.7% |
| AVEM | Avantis Emerging Markets Equity ETF | 21.8% | -22 bp | +3.6% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 21.8% | -6 bp | +4.6% |
| FRDM | Freedom 100 Emerging Markets ETF | 20.9% | -6 bp | +2.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 19.4% | -6 bp | +3.6% |
Risk and Returns: SPWO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/26/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.1%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.6%. SPWO's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places SPWO in the 59th percentile
among funds in the category.
Sell-Side Consensus
$36.54
PRICE TARGET
+15.2%
UPSIDE