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
91.1 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | SP Funds |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 19, 2023 |
| Assets (mns) | $91 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| 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 | 15.5 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 5.2 % |
| ASML HOLDING NV | 2.5 % |
| SAMSUNG ELECTRONICS CO LTD | 2.1 % |
| ASTRAZENECA PLC-SPONS ADR | 1.7 % |
| ROCHE HOLDINGS LTD-SPONS ADR | 1.6 % |
| NESTLE SA-SPONS ADR | 1.6 % |
| NOVARTIS AG-ADR | 1.5 % |
| SAP AG-SPONSORED ADR | 1.5 % |
| XIAOMI CORP | 1.3 % |
Constituent Breakdown
| Number of holdings | 308 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $350,210 |
| Large cap (>$10bn) | 81.0% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 41.0% |
| Emerging mkts. | 46.8% |
Country Exposure
 |
TAIWAN | 21.0 % |
 |
CHINA | 11.9 % |
 |
SWITZERLAND | 7.6 % |
 |
JAPAN | 6.9 % |
 |
CANADA | 5.4 % |
 |
BRITAIN | 5.2 % |
 |
SOUTH KOREA | 4.0 % |
 |
FRANCE | 3.7 % |
 |
NETHERLANDS | 2.9 % |
 |
SAUDI ARABIA | 2.7 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.2% | 19.9% | -- | -- | -- | -- | -- | 17.1% |
| Dividend Yield | 1.4% | 1.5% | -- | -- | -- | -- | -- | 1.5% |
| Total Returns | 23.6% | 21.4% | -- | -- | -- | -- | -- | 18.5% | Ann. Volatility | 19.5% | 19.2% | -- | -- | -- | -- | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 61% |
| MSCI EAFE | 0.94 | 67% |
| MSCI Emg Mkts | 0.98 | 82% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $26.66 |
| Relative strength (RSI) | 53 |
| MACD/Signal | -0.14/-0.14 |
| Bollinger Bands (Upper/Lower) | $27.60/$25.76 |
| Short interest (% of AUM) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 31.7% | -10 bp | +7.1% |
| UMMA | Wahed Dow Jones Islamic World ETF | 29.2% | +10 bp | +4.8% |
| SPTE | SP Funds S&P Global Technology ETF | 21.0% | 0 bp | +3.6% |
| AVEM | Avantis Emerging Markets Equity ETF | 20.5% | -22 bp | +8.1% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 19.5% | -6 bp | +9.3% |
| EMM | Global X Emerging Markets ex-China ETF | 19.0% | +20 bp | +7.1% |
| AVSE | Avantis Responsible Emerging Markets Equity ETF | 18.5% | -22 bp | +7.8% |
| EMC | Global X Emerging Markets Great Consumer ETF | 17.6% | +20 bp | +7.4% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 17.1% | -40 bp | +7.4% |
| AVXC | Avantis Emerging Markets Ex-China Equity ETF | 16.7% | -22 bp | +8.1% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/1/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
SPWO
5.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. SPWO's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places SPWO in the 62nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPWOSELL
U/W
HOLD
O/W
BUY