SPWO ETF — SP Funds S&P World ETF

SP Funds S&P World ETF (SPWO)

Updated October 16, 2026.

SPWO is an ETF. its distribution rate is 0.97%, its trailing-12-month yield is 1.12%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Total return is 65.6% over the past 2.8 years, 2.7 points behind SPY at 68.3%.

This ETF tracks the Shariah World Index, which measures the performance of companies in developed and emerging markets outside the United States that meet Islamic investment screening criteria, with diversification caps applied. The fund distributes monthly and carries a modest current distribution rate with a low expense ratio of 0.55%. It appeals to income-focused investors seeking exposure to international equities while adhering to Shariah-compliant investment principles.

SPWO performance versus SPY

Price and return data through 2026-10-16.

Total return is 65.6% over the past 2.8 years, 2.7 points behind SPY at 68.3%. Over the past year its total return — price change plus distributions reinvested — is 17.3%. Its deepest 1-year drawdown was 13.7%.

SPWO key facts

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

0.95%

Issuer

SP Funds

Asset type

ETF

Asset class

Equity

Inception date

12/19/2023

Expense ratio

0.55%

Distribution rate

0.97%

Distribution frequency

Monthly

Trailing yield

1.12%

Last close

$31.58 (as of 2026-10-16)

AUM

$243,720,404

Average volume

85900.0

Dividend

$0.0255

Ex-dividend date

09/28/2026

Payment date

09/29/2026

Beta

1.3864

How Dividend Vision calculates yield and returns

Distribution rate (0.97%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.12%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: SP Funds; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPWO risks and drawbacks

SPWO's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.7%.

Who may consider SPWO — and who may not

SPWO may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SPWO

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Frequently asked questions

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