SPWO vs VOO
SP Funds S&P World (ex-US) ETF vs Vanguard S&P 500 ETF
Which is better, SPWO or VOO?
SPWO has been ahead.
VOO has a lower expense ratio. SPWO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 41.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPWO | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $225M | $997.4B |
| Dividend Yield | 1.10% | 1.08% |
| Holdings | 384 | 509 |
| YTD Return | +22.23%Best | +12.74% |
| 1Y Return | +35.73%Best | +19.43% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 15.6% | 11.8%Best |
| Max Drawdown | -18.1%Best | -18.7% |
| $10,000 over 2.7 years | $17,685Best | $16,832 |
| Top 10 Weight | 41.3% | 36.4%Best |
| Fund Family | SP Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 19, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 20, 2023 to Sep 8, 2026 (2.7 years).
SPWO vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
SPWO vs VOO Performance
SP Funds S&P World (ex-US) ETF (SPWO) is an ETF from SP Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPWO returned +35.73% while VOO returned +19.43%. Year to date, SPWO is up 22.23% versus a gain of 12.74% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPWO has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 11.8% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.1% for SPWO and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPWO charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, SPWO currently yields 1.10% against 1.08% for VOO.
Holdings Overlap
0.1% of SPWO's money is in holdings VOO also owns. 0.2% of VOO's money is in holdings SPWO also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 49 days apart, SPWO as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 368 positions we hold weights for in SPWO and 504 in VOO, against full books of 384 and 509.
What only one of them owns
Our book lists 493 positions for VOO that do not appear in our book for SPWO (99.1% of the fund), and 69 for SPWO that do not appear in VOO (11.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPWO | Weight in VOO | Difference |
|---|---|---|---|
| SOSouthern Co. | 0.05% | 0.17% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of SPWO and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPWO or VOO?
SPWO has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, SPWO or VOO?
Over the past year SPWO returned +35.73% vs +19.43% for VOO, so SPWO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPWO or VOO?
SPWO has been the more volatile fund at 15.6% annualized versus 11.8% for VOO. Worst drawdown: SPWO -18.1% vs VOO -18.7%.
Should I hold both SPWO and VOO?
SPWO and VOO have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPWO or VOO?
SPWO yields 1.10% while VOO yields 1.08%, so SPWO currently pays the higher dividend yield.
Is VOO better than SPWO?
VOO has a lower expense ratio. SPWO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 41.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.