SPWO vs EMKT
Comparison between SP FUNDS S&P WORLD (EX-US) ETF (SPWO, ETF) and LAZARD EMERGING MARKETS OPPORTUNITIES ETF (EMKT, ETF).
SPWO vs EMKT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPWO
$156M
Winner
EMKT
$156M
Expense Ratio
Winner
SPWO
0.55%
EMKT
0.74%
Max Drawdown
SPWO
18.57%
Winner
EMKT
14.21%
Sharpe Ratio
Winner
SPWO
1.55
EMKT
1.29
5Y Beta
Winner
SPWO
0.90
EMKT
1.40
SPWO vs EMKT - Holdings Comparison
SPWO and EMKT have 1 common holdings. Overlap is -0.57%
SPWO's top 25 holdings weight is 53.84%. EMKT's top 25 holdings weight is 63.35%.
| Rank | SPWO | EMKT |
|---|---|---|
| #1 | n/a (TSM) - 19.17% | n/a (n/a) - 16.30% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.74% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 10.66% |
| #3 | SK HYNIX INC (n/a) - 3.57% | SK HYNIX INC GDS GDR (n/a) - 4.66% |
| #4 | ALIBABA GROUP HOLDING LTD ADR (BABA) - 3.15% | TENCENT HOLDINGS LTD (n/a) - 3.30% |
| #5 | ASML HOLDING NV (n/a) - 3.02% | n/a (n/a) - 2.93% |
| #6 | MEDIATEK INC (n/a) - 2.38% | MEDIATEK INC (n/a) - 2.48% |
| #7 | DELTA ELECTRONICS INC (n/a) - 1.58% | CHINA MERCHANTS BANK CO LTD CLASS H (n/a) - 2.42% |
| #8 | ROCHE HOLDING AG ADR (RHHBY) - 1.43% | n/a (n/a) - 2.29% |
| #9 | NOVARTIS AG ADR (NVS) - 1.40% | ANGLO AMERICAN PLC (n/a) - 2.23% |
| #10 | ASTRAZENECA PLC (AZN:XLON) - 1.40% | SHINHAN FINANCIAL GROUP CO LTD ADR (SHG) - 1.42% |
| #11 | NESTLE SA ADR (NSRGY) - 1.26% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 1.40% |
| #12 | BHP GROUP LTD ADR (BHP) - 1.05% | BHARTI AIRTEL LTD (n/a) - 1.37% |
| #13 | OTHER ASSETS AND LIABILITIES (n/a) - 0.96% | SAUDI ARABIAN OIL CO (n/a) - 1.33% |
| #14 | SAP SE ADR (SAP) - 0.87% | LENOVO GROUP LTD (n/a) - 1.30% |
| #15 | PDD HOLDINGS INC ADR (PDD) - 0.83% | HDFC BANK LTD ADR (HDB) - 1.30% |
| #16 | SCHNEIDER ELECTRIC SE ADR (SBGSY) - 0.83% | BYD CO LTD CLASS H (n/a) - 1.23% |
| #17 | ABB LTD (n/a) - 0.81% | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 1.22% |
| #18 | TOKYO ELECTRON LTD ADR (TOELY) - 0.75% | ICICI BANK LTD ADR (IBN) - 1.21% |
| #19 | SIEMENS ENERGY AG ADR SPONSORED (SMERY) - 0.75% | n/a (n/a) - 1.21% |
| #20 | XIAOMI CORP ADR (XIACY) - 0.72% | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.56% |
| #21 | HITACHI LTD ADR (HTHIY) - 0.71% | PT BANK CENTRAL ASIA TBK (n/a) - 0.55% |
| #22 | NOVO NORDISK AS ADR (NVO) - 0.66% | GRUPO FINANCIERO GALICIA SA ADR (GGAL) - 0.53% |
| #23 | ELITE MATERIAL CO LTD (n/a) - 0.60% | NIEN MADE ENTERPRISE CO LTD (n/a) - 0.53% |
| #24 | UNILEVER PLC ADR (UL) - 0.60% | SUPREME INDUSTRIES LTD (n/a) - 0.47% |
| #25 | ADVANTEST CORP ADR (ATEYY) - 0.60% | OOREDOO QPSC (n/a) - 0.45% |
| Total Holdings | 389 | 37 |
SPWO vs EMKT - Historical Returns
Returns include dividend reinvestment.
1M
SPWO
+2.11%
Winner
EMKT
+2.32%
3M
SPWO
+12.16%
Winner
EMKT
+15.11%
6M
SPWO
+20.96%
Winner
EMKT
+23.13%
1Y
SPWO
+38.72%
EMKT
N/A
Max(CAGR)
SPWO
+24.16%
Winner
EMKT
+36.13%
SPWO vs EMKT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | SPWO | EMKT |
|---|---|---|
| 2026 | +17.06% | +18.92% |
| 2025 | +26.79% | -1.29% |
| 2024 | +10.96% | N/A |
| 2023 | +2.96% | N/A |
SPWO vs EMKT Drawdown Comparison
The maximum drawdown for SPWO was -18.02%, occurring on Apr 8, 2025. Recovery took 164 trading sessions.
The maximum drawdown for EMKT was -14.21%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The current SPWO drawdown is -6.70%. The current EMKT drawdown is -7.46%.
| Rank | SPWO | EMKT |
|---|---|---|
| #1 | -18.02% Oct 7, 2024 - Jun 4, 2025 | -14.21% Feb 25, 2026 - Apr 17, 2026 |
| #2 | -13.75% Feb 25, 2026 - Apr 24, 2026 | -7.46% Jun 2, 2026 - Jun 5, 2026 |
| #3 | -9.89% Jul 12, 2024 - Sep 24, 2024 | -6.13% Oct 29, 2025 - Jan 2, 2026 |
| #4 | -6.75% Oct 6, 2025 - Jan 2, 2026 | -5.24% May 11, 2026 - May 26, 2026 |
| #5 | -6.70% Jun 2, 2026 - Jun 5, 2026 | -2.06% Apr 17, 2026 - Apr 24, 2026 |
| #6 | -6.32% Mar 7, 2024 - May 7, 2024 | -1.97% Jan 28, 2026 - Feb 6, 2026 |
| #7 | -4.78% Jul 23, 2025 - Sep 8, 2025 | -1.75% Apr 24, 2026 - May 4, 2026 |
| #8 | -4.24% May 11, 2026 - May 26, 2026 | -1.64% Jan 16, 2026 - Jan 21, 2026 |
| #9 | -4.00% Dec 29, 2023 - Feb 8, 2024 | -1.36% Jan 12, 2026 - Jan 15, 2026 |
| #10 | -3.83% Jun 12, 2025 - Jun 27, 2025 | -1.07% Jan 6, 2026 - Jan 12, 2026 |
| #11 | -3.39% Jan 27, 2026 - Feb 9, 2026 | -1.03% May 6, 2026 - May 8, 2026 |
| #12 | -3.17% May 22, 2024 - Jul 5, 2024 | -0.98% Feb 20, 2026 - Feb 24, 2026 |
| #13 | -2.23% Feb 9, 2024 - Feb 15, 2024 | -0.71% Feb 11, 2026 - Feb 20, 2026 |
| #14 | -2.09% Jan 15, 2026 - Jan 22, 2026 | -0.39% Oct 27, 2025 - Oct 29, 2025 |
| #15 | -2.09% Apr 27, 2026 - Apr 30, 2026 | N/A |
Correlation
Correlation between SPWO and EMKT is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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