SP Funds S&P World ETF (SPWO) Performance
SPWO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.7% since Dec 31, 2025
- 1 year
- +16.2% total return
- Since first price
- +64.4% since 2023
SPWO trailing returns vs SPY, QQQ, AGG
| Period | SPWO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.8% | −6.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.4% | +2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +15.7% | +14.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.2% | +14.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 20, 2023 | +64.4% | +58.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPWO vs SPY
From Dec 20, 2023: SPWO grew to $16,441, SPY to $16,761.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPWO returns by calendar year
2 of 2 full years positive. Best 2025 (+26.3%), worst 2024 (+9.2%). 2026 is year to date.
SPWO annual returns table
| Year | SPWO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.7% | −13.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.3% | −17.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.2% | −9.9% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPWO largest drawdowns
Now 10.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 7, 2024 | −18.0% | Apr 8, 2025 | Jun 4, 2025 | 6 months | 8 months |
| Feb 25, 2026 | −13.7% | Mar 30, 2026 | Apr 24, 2026 | 33 days | 58 days |
| Jun 22, 2026 | −12.6% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPWO risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +21.4% |
| Volatility (annualized) | 15.6% |
| Sharpe ratio | 1.05 |
| Sortino ratio | 1.90 |
| Best month | +12.5% |
| Worst month | −9.6% |
| Best 12 months | +48.5% |
| Worst 12 months | +4.7% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPWO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | +4.7% | +21.4% | +48.5% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
SPWO performance overview
SP Funds S&P World ETF (SPWO) returned +16.2% over the past year, with distributions reinvested. Since its first recorded price on Dec 20, 2023 it has returned +64.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.0%, from Oct 7, 2024 to Apr 8, 2025, and it took 57 days to get back to the old high. Volatility has been 15.6% a year.
Related: SPWO chart, SPWO holdings, SPWO dividends. See the SPWO overview for the latest quote and fund facts.
SPWO performance FAQ
What is the SPWO return over the past year?
SPWO returned +16.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.9%.
How much would $10,000 invested in SPWO be worth?
$10,000 invested in SPWO at its first recorded close on December 20, 2023 would be worth about $16,441 on October 23, 2026 with distributions reinvested.
What was the worst year for SPWO?
The worst calendar year was 2024, with a total return of +9.2%. The best was 2025 at +26.3%.
What is the biggest drawdown of SPWO?
The largest peak-to-trough decline was −18.0% between October 7, 2024 and April 8, 2025. It recovered to the old high on June 4, 2025, 57 days after the bottom.
How volatile is SPWO?
Over the past history SPWO had an annualized volatility of 15.6% and a Sharpe ratio of 1.05 (excess return over 1–3 month T-bills per unit of risk).