SPWO vs. EMC ETF Comparison

Comparison of SP Funds S&P World (ex-US) ETF (SPWO) to Global X Emerging Markets Great Consumer ETF (EMC)

SPWO

SP Funds S&P World (ex-US) ETF

SPWO Description

The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.29

Average Daily Volume

6,987

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMC

Global X Emerging Markets Great Consumer ETF

EMC Description

EMC seeks long-term capital growth through a consumer-focused investment strategy. The fund invests in companies of all sizes that are expected to benefit from both direct and indirect economic effects of increasing consumption activities and purchasing power of emerging market consumers. The adviser believes that emerging markets will experience rapid growth driven by key trends such as population growth, industrialization, wealth accumulation, increasing consumption among youths, and the pursuit of a higher quality of life. Eligible firms must be listed, organized under the laws of, derive at least 50% of their revenue from, or have at least 50% of their assets in emerging markets. Such companies may be of various sectors and from at least three different countries. The portfolio is constructed using a bottom-up approach, subject to a risk management framework. On May 15, 2023, EMC converted from a mutual fund to an actively managed ETF, with $471 million in assets.

Grade (RS Rating)

Last Trade

$26.51

Average Daily Volume

27,378

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPWO	EMC
30 Days	-4.92%	-4.15%
60 Days	-1.37%	-2.01%
90 Days	-2.78%	-1.79%
12 Months		9.00%

4 Overlapping Holdings

Symbol	Grade	Weight in SPWO	Weight in EMC	Overlap
GFI	D	0.3%	0.44%	0.3%
MMYT	B	0.11%	1.07%	0.11%
PDD	F	1.82%	1.32%	1.32%
TSM	B	16.44%	9.87%	9.87%

SPWO Overweight 51 Positions Relative to EMC

Symbol	Grade	Weight
NVO	F	2.44%
SAP	B	1.85%
INFY	C	1.68%
NVS	F	1.58%
AZN	F	1.5%
UL	D	1.18%
JD	D	1.15%
SHOP	B	1.06%
BHP	F	1.04%
SNY	F	0.86%
VALE	F	0.81%
ABBV	F	0.76%
RELX	D	0.7%
GSK	F	0.58%
RIO	D	0.55%
CNI	F	0.5%
WCN	A	0.4%
UMC	F	0.37%
CHT	C	0.36%
LI	F	0.31%
BEKE	D	0.31%
BGNE	D	0.29%
HLN	C	0.27%
GOLD	C	0.21%
WDS	D	0.21%
CPNG	D	0.2%
NOK	D	0.19%
WIT	B	0.18%
ERIC	C	0.18%
SCCO	F	0.16%
RDY	F	0.16%
XPEV	C	0.14%
PAC	B	0.13%
CHKP	C	0.12%
VIPS	F	0.12%
ICLR	D	0.12%
XRX	F	0.11%
JHX	D	0.11%
HTHT	D	0.1%
SQM	D	0.1%
ARM	F	0.1%
ASR	D	0.1%
GGB	C	0.09%
CYBR	A	0.09%
KOF	F	0.08%
NICE	D	0.07%
WIX	A	0.07%
SNN	D	0.07%
BZ	F	0.07%
PSO	B	0.06%
TS	B	0.05%

SPWO Underweight 10 Positions Relative to EMC

Symbol	Grade	Weight
IBN	C	-3.46%
TCOM	B	-2.62%
BABA	D	-1.87%
HDB	C	-1.51%
ITUB	F	-1.18%
TME	D	-0.97%
NU	C	-0.97%
YUMC	C	-0.53%
MELI	C	-0.53%
ARCO	F	-0.49%