SPWO vs MINV
Comparison between SP FUNDS S&P WORLD (EX-US) ETF (SPWO, ETF) and MATTHEWS ASIA INNOVATORS ACTIVE ETF (MINV, ETF).
SPWO vs MINV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPWO
$182M
MINV
$181M
Expense Ratio
Winner
SPWO
0.55%
MINV
0.79%
Max Drawdown
Winner
SPWO
18.57%
MINV
23.49%
Sharpe Ratio
SPWO
1.58
Winner
MINV
2.14
5Y Beta
Winner
SPWO
0.91
MINV
0.98
SPWO vs MINV - Holdings Comparison
SPWO and MINV have 1 common holdings. Overlap is -0.08%
SPWO's top 25 holdings weight is 53.16%. MINV's top 25 holdings weight is 68.44%.
| Rank | SPWO | MINV |
|---|---|---|
| #1 | n/a (TSM) - 19.97% | SAMSUNG ELECTRONICS CO LTD (n/a) - 8.22% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 5.09% | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 6.13% |
| #3 | SK HYNIX INC (n/a) - 3.84% | SK HYNIX INC (n/a) - 5.41% |
| #4 | ASML HOLDING NV (n/a) - 3.27% | JP MORGAN US GOVT CAPITAL 3164 (n/a) - 4.29% |
| #5 | ALIBABA GROUP HOLDING LTD ADR (BABA) - 2.92% | n/a (n/a) - 3.52% |
| #6 | MEDIATEK INC (n/a) - 2.49% | DELTA ELECTRONICS INC (n/a) - 3.48% |
| #7 | DELTA ELECTRONICS INC (n/a) - 1.62% | UNIMICRON TECHNOLOGY CORP (n/a) - 2.76% |
| #8 | NOVARTIS AG ADR (NVS) - 1.38% | WNC CORP (n/a) - 2.70% |
| #9 | ROCHE HOLDING AG ADR (RHHBY) - 1.37% | CHROMA ATE INC (n/a) - 2.47% |
| #10 | ASTRAZENECA PLC (AZN:XLON) - 1.37% | n/a (n/a) - 2.39% |
| #11 | NESTLE SA ADR (NSRGY) - 1.22% | n/a (n/a) - 2.34% |
| #12 | BHP GROUP LTD ADR (BHP) - 1.03% | n/a (n/a) - 2.28% |
| #13 | SAP SE ADR (SAP) - 0.89% | MTAR TECHNOLOGIES LTD (n/a) - 2.10% |
| #14 | TOKYO ELECTRON LTD ADR (TOELY) - 0.87% | NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 2.08% |
| #15 | SCHNEIDER ELECTRIC SE ADR (SBGSY) - 0.80% | TENCENT HOLDINGS LTD (n/a) - 1.90% |
| #16 | ABB LTD (n/a) - 0.76% | UNIVERSAL MICROWAVE TECHNOLOGY INC (n/a) - 1.89% |
| #17 | PDD HOLDINGS INC ADR (PDD) - 0.71% | ELITE MATERIAL CO LTD (n/a) - 1.88% |
| #18 | HITACHI LTD ADR (HTHIY) - 0.67% | INNOLUX CORP (n/a) - 1.78% |
| #19 | XIAOMI CORP ADR (XIACY) - 0.65% | MEDIATEK INC (n/a) - 1.75% |
| #20 | NOVO NORDISK AS ADR (NVO) - 0.63% | HANWHA AEROSPACE CO LTD (n/a) - 1.62% |
| #21 | ATLAS COPCO AB ADR (ATLKY) - 0.36% | SAMSUNG C&T CORP (n/a) - 1.62% |
| #22 | CANADIAN NATIONAL RAILWAY CO (n/a) - 0.32% | COMPEQ MANUFATURING CO LTD (n/a) - 1.58% |
| #23 | RELX PLC ADR (RELX) - 0.31% | UNITED MICROELECTRONICS CORP ADR (UMC) - 1.46% |
| #24 | TRIP.COM GROUP LTD (n/a) - 0.31% | ACCTON TECHNOLOGY CORP (n/a) - 1.41% |
| #25 | WESFARMERS LTD ADR (WFAFY) - 0.31% | KAORI HEAT TREATMENT CO LTD (n/a) - 1.38% |
| Total Holdings | 348 | 72 |
SPWO vs MINV - Historical Returns
Returns include dividend reinvestment.
1M
SPWO
+3.70%
Winner
MINV
+5.68%
3M
SPWO
+18.84%
Winner
MINV
+39.48%
6M
SPWO
+25.87%
Winner
MINV
+53.67%
1Y
SPWO
+40.55%
Winner
MINV
+78.53%
Max(CAGR)
Winner
SPWO
+25.74%
MINV
+22.28%
SPWO vs MINV - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SPWO | MINV |
|---|---|---|
| 2026 | +21.30% | +46.86% |
| 2025 | +26.79% | +31.39% |
| 2024 | +10.96% | +19.04% |
| 2023 | +2.96% | -5.31% |
| 2022 | N/A | -3.11% |
SPWO vs MINV Drawdown Comparison
The maximum drawdown for SPWO was -18.02%, occurring on Apr 8, 2025. Recovery took 164 trading sessions.
The maximum drawdown for MINV was -23.49%, occurring on Oct 24, 2022. Recovery took 115 trading sessions.
The current SPWO drawdown is -3.32%. The current MINV drawdown is -6.24%.
| Rank | SPWO | MINV |
|---|---|---|
| #1 | -18.02% Oct 7, 2024 - Jun 4, 2025 | -23.49% Jul 21, 2022 - Jan 4, 2023 |
| #2 | -13.75% Feb 25, 2026 - Apr 24, 2026 | -23.10% Jan 26, 2023 - Jul 9, 2024 |
| #3 | -9.89% Jul 12, 2024 - Sep 24, 2024 | -19.81% Oct 7, 2024 - Jun 6, 2025 |
| #4 | -7.16% Jun 2, 2026 - Jun 10, 2026 | -12.67% Jul 12, 2024 - Sep 24, 2024 |
| #5 | -6.75% Oct 6, 2025 - Jan 2, 2026 | -10.91% Jun 1, 2026 - Jun 5, 2026 |
| #6 | -6.32% Mar 7, 2024 - May 7, 2024 | -10.86% Feb 25, 2026 - Apr 10, 2026 |
| #7 | -4.78% Jul 23, 2025 - Sep 8, 2025 | -10.85% Oct 6, 2025 - Jan 12, 2026 |
| #8 | -4.24% May 11, 2026 - May 26, 2026 | -5.41% May 14, 2026 - May 22, 2026 |
| #9 | -4.00% Dec 29, 2023 - Feb 8, 2024 | -5.19% Jan 28, 2026 - Feb 11, 2026 |
| #10 | -3.83% Jun 12, 2025 - Jun 27, 2025 | -3.92% Jan 12, 2026 - Jan 28, 2026 |
| #11 | -3.39% Jan 27, 2026 - Feb 9, 2026 | -3.80% Jul 23, 2025 - Aug 12, 2025 |
| #12 | -3.17% May 22, 2024 - Jul 5, 2024 | -2.96% Jan 13, 2023 - Jan 20, 2023 |
| #13 | -2.23% Feb 9, 2024 - Feb 15, 2024 | -2.82% May 11, 2026 - May 13, 2026 |
| #14 | -2.09% Jan 15, 2026 - Jan 22, 2026 | -2.60% Apr 22, 2026 - Apr 30, 2026 |
| #15 | -2.09% Apr 27, 2026 - Apr 30, 2026 | -2.26% Jun 11, 2025 - Jun 24, 2025 |
Correlation
Correlation between SPWO and MINV is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2023 - 2026)
SPWO vs MINV dividend yield comparison.
| Year | SPWO | MINV |
|---|---|---|
| 2026 | 0.38% | 0.00% |
| 2025 | 1.29% | 1.51% |
| 2024 | 1.24% | 0.25% |
| 2023 | 0.00% | 1.00% |
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