IXUS vs SPWO: Grades, Fees and Holdings Compared

iShares Core MSCI Total International Stock ETF

IXUSANasdaq

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

SPWO—NYSE Arca

Overlap

13.2%by weight

Expense ratio

IXUS −0.48pt a year

IXUS0.07%SPWO0.55%

Avg volume · 30D

IXUS 30.2×the volume

IXUS2MSPWO66.3K

IXUS vs SPWO Performance

Oct 31, 2025 – Oct 30, 2026

+13.5%IXUS+14.4%SPWO

Expense ratio: IXUS 0.07%, better; SPWO 0.55%
Fund size: IXUS $56.8B; SPWO $245M
1Y total return: IXUS +13.5%; SPWO +14.4%, better
Yield (12M): IXUS 3.04%, better; SPWO 1.14%
Holdings: IXUS 4596; SPWO 387
Avg volume (30D): IXUS 2M sh, better; SPWO 66.3K sh
NAV per share: IXUS $92.10; SPWO $31.99
52W range

ETF.net Grade

—SPWOMandate not yet analyzed

Pillar letters and Scores for IXUS, SPWO, with each pillar’s weight
Pillar	IXUS	SPWO
Cost30% weight	A70	Not scored
Mission25% weight	A100	Not scored
Risk15% weight	B55	Not scored
Tradability15% weight	A78	Not scored
Holdings10% weight	A76	Not scored
Durability5% weight	B67	Not scored

Rank among Total International Market funds

How we build Categories ›

Total International Market⁠

Category · 8 funds

See all 8 ›

IXUS ranks 3rd of 8 funds in the Total International Market Category.

Rank 1AVXUSVanguard Total International Stock ETFScore 80
Rank 2AVEUVanguard FTSE All-World ex-US ETFScore 79
Rank 3AIXUSiShares Core MSCI Total International Stock ETFScore 76
Rank 4BDFAXDimensional World ex U.S. Core Equity 2 ETFScore 64
SPWONot yet graded

Our read on each fund

ETF.net Research

IXUSAiShares Core MSCI Total International Stock ETF

SPWO—SP Funds S&P World (ex-US) ETF

In short

IXUS One ticker for the stock market outside the US: developed and emerging, mega caps down to small caps, roughly 4,300 stocks, for 0.07% a year. The whole rest of the world in a single line item.

SPWO No data

Stated mandate

IXUS The Fund seeks to track an index of large-, mid-, and small-capitalization non-U.S. equities. It uses an indexing approach and generally invests at least 80% of assets in the Underlying Index’s component securities or substantially identical investments.

SPWO No data

Why people hold it

IXUS Seven basis points a year (0.07%), against a peer-group median near 0.28%. Global diversification priced close to a rounding error.
Tracks the MSCI ACWI ex USA IMI: non-US developed and emerging markets, large, mid and small caps, roughly 4,300 stocks, with at least 80% of assets in index components.ishares.com
Running since 2012, a multi-billion-dollar fund that trades actively, and one of the strongest implementations in its peer group.

SPWO No data

Worth knowing

IXUS Cheaper tickets exist in the aisle: VEU charges 0.04%. It follows a FTSE index rather than MSCI, so the holdings are not the same basket.
Small caps and emerging markets ride rougher than developed large caps, and everything inside is priced in foreign currencies.
Distributions land annually or semiannually rather than quarterly, so income shows up in lumps.

SPWO No data

Full IXUS profile⁠

Full SPWO profile⁠

IXUS vs SPWO Holdings

How IXUS and SPWO differ

Overlap by weight

13.2%

Shared holdings make up 34.6% of SPWO and 13.2% of IXUS.

Level by level

Holdings181 in both13.2%
Sector11 Sectors62.8%
Countryby domicile67.2%
Asset classEquity100%

Sector

Sector weights in IXUS and SPWO, widest gap first
Sector	More in IXUSMore in SPWO	IXUS	SPWO
Technology	SPWO +33.5 points	20.1%	53.6%
Financials	IXUS +22.2 points	23.1%	0.9%
Industrials	IXUS +3.3 points	14.6%	11.3%
Health Care	SPWO +3.3 points	7.2%	10.5%
Utilities	IXUS +2.8 points	3.1%	0.3%
Energy	IXUS +2.6 points	5.1%	2.5%
Communication	IXUS +2.5 points	4.1%	1.6%
Real Estate	IXUS +1.6 points	2.1%	0.5%
Consumer Staples	IXUS +1.4 points	5.2%	3.8%
Materials	IXUS +0.6 points	7.4%	6.8%
Consumer Discretionary	SPWO +0.4 points	7.9%	8.3%

Country, concentration and asset class

Country by domicile

Country weights in IXUS and SPWO, widest gap first
Country	More in IXUSMore in SPWO	IXUS	SPWO
Taiwan	SPWO +22.6 points	10.0%	32.6%
Japan	IXUS +5.8 points	17.1%	11.3%
United Kingdom	IXUS +5.3 points	9.5%	4.2%
Canada	IXUS +3.9 points	9.5%	5.6%
India	IXUS +3.7 points	4.4%	0.7%
Germany	IXUS +2.9 points	5.4%	2.5%
France	IXUS +2.5 points	5.6%	3.1%
Australia	IXUS +2.2 points	4.8%	2.6%
Other countries (23)	SPWO +3.6 points	33.8%	37.4%

Outside the US: IXUS 71% developed, 29% emerging. SPWO 47% developed, 53% emerging.

Concentration

Weight in the 10 largest Holdings

IXUS13.6%
SPWO40.6%

Securities held

IXUS4,560
SPWO380

Asset class

IXUS: Equity
SPWO: Equity

Holdings

Only in IXUS4,379
In both181
Only in SPWO199

Only in IXUS

4,379 securities, 86.3% of IXUS by weight

Taiwan Semiconductor Manufacturing4.33%
Roche Ps Par AG0.83%
Shell0.75%
Tencent Holdings0.72%
Novartis AG0.72%
Hsbc Holdings PLC0.72%
Astrazeneca PLC0.68%
Royal Bank of Canada0.68%
Nestle SA0.64%
Sap0.58%
Mitsubishi Ufj Financial Group0.56%
Siemens N AG0.52%
Alibaba Group Holding0.50%
Toronto Dominion0.50%
Bhp Group Ltd0.50%
Commonwealth Bank of Australia0.47%
Allianz0.45%
Totalenergies0.45%
Toyota Motor0.45%
Advantest0.39%
Recruit Holdings Ltd0.39%
Banco Santander0.39%
Iberdrola0.37%
Ubs Group AG0.36%
Sumitomo Mitsui Financial Group0.36%
Sony Group0.35%
Schneider Electric0.35%
Hitachi0.35%
Unilever PLC0.34%
Rolls-Royce Holdings PLC0.33%
Tokyo Electron0.33%
Banco Bilbao Vizcaya Argentaria0.32%
Bp PLC0.32%
Novo Nordisk Class B0.31%
Airbus Group0.31%
Lair Liquide Societe Anonyme Pour0.30%
British American Tobacco0.30%
Bank of Montreal0.29%
Dbs Group Holdings Ltd0.29%
Bank of Nova Scotia0.28%
Loreal SA0.28%
Mizuho Financial Group0.28%
Zurich Insurance Group AG0.27%
China Construction Bank Corp H0.27%
Unicredit0.27%
Siemens Energy N AG0.27%
Compagnie Financiere Richemont SA0.26%
Enbridge0.26%
Canadian Imperial Bank of Commerce0.26%
Safran SA0.26%

Only in SPWO

199 securities, 65.2% of SPWO by weight

Taiwan Semiconductor Manufacturing Co Ltd20.28%
Alibaba Group Holding Ltd2.82%
Roche Holding AG1.65%
Novartis AG1.41%
AstraZeneca PLC1.38%
Nestle SA1.27%
Sap SE1.15%
BHP Group Ltd0.98%
ASE Technology Holding Co Ltd0.82%
Recruit Holdings Co Ltd0.82%
Advantest Corp0.76%
Tokyo Electron Ltd0.71%
Hitachi Ltd0.69%
Schneider Electric SE0.69%
Xiaomi Corp0.68%
Unilever PLC0.67%
Air Liquide SA0.62%
Novo Nordisk A/S0.61%
Meituan0.60%
Al Rajhi Bank0.56%
L'Oreal SA0.53%
Cie Financiere Richemont SA0.52%
Siemens Energy AG0.51%
Infosys Ltd0.50%
Fast Retailing Co Ltd0.49%
Saudi Arabian Oil Co0.48%
Gsk PLC0.48%
United Microelectronics Corp0.47%
Sanofi SA0.46%
Rio Tinto PLC0.42%
Kioxia Holdings Corp0.41%
BYD Co Ltd0.38%
Infineon Technologies AG0.36%
Gold Fields Ltd0.35%
Murata Manufacturing Co Ltd0.34%
Industria de Diseno Textil SA0.34%
Shin-Etsu Chemical Co Ltd0.33%
Relx PLC0.33%
CSL Ltd0.33%
Delta Electronics Thailand PCL0.33%
EssilorLuxottica SA0.31%
BeOne Medicines Ltd0.31%
Wesfarmers Ltd0.30%
Hoya Corp0.28%
Mitsubishi Electric Corp0.28%
Argenx SE0.26%
Lonza Group AG0.26%
Saudi Telecom Co0.25%
Saudi Arabian Mining Co0.24%
Atlas Copco AB0.24%

Weight gaps

The 100 widest of 181 Holdings in both funds.

Holding weights in IXUS and SPWO, widest gap first
Holding	More in IXUSMore in SPWO	IXUS	SPWO
Samsung Electronics Ltd	SPWO +1.78 points	1.91%	3.69%
Mediatek	SPWO +1.78 points	0.42%	2.20%
Sk Hynix	SPWO +1.56 points	1.42%	2.98%
Asml Holding	SPWO +1.43 points	1.48%	2.91%
Delta Electronics	SPWO +0.70 points	0.20%	0.90%
Shopify Subordinate Voting Class A	SPWO +0.45 points	0.46%	0.91%
Elite Material	SPWO +0.43 points	0.10%	0.53%
Unimicron Technology	SPWO +0.39 points	0.10%	0.49%
Grupo Mexico B	SPWO +0.35 points	0.09%	0.44%
Asia Vital Components	SPWO +0.31 points	0.07%	0.38%
Abb Ltd	SPWO +0.31 points	0.32%	0.63%
Canadian Natural Resources Ltd	SPWO +0.27 points	0.28%	0.55%
Keyence	SPWO +0.24 points	0.23%	0.47%
Accton Technology	SPWO +0.24 points	0.06%	0.30%
Trip.com Group	SPWO +0.22 points	0.06%	0.28%
Suncor Energy Inc	SPWO +0.21 points	0.23%	0.44%
Chroma Ate	SPWO +0.20 points	0.05%	0.25%
King Slide Works	SPWO +0.20 points	0.04%	0.24%
Agnico Eagle Mines	SPWO +0.20 points	0.20%	0.40%
Wiwynn Corporation	SPWO +0.19 points	0.04%	0.23%
Canadian Pacific Kansas City	SPWO +0.19 points	0.19%	0.38%
Asustek Computer Inc	SPWO +0.18 points	0.05%	0.23%
Mitsubishi Heavy Industries	SPWO +0.18 points	0.17%	0.35%
Global Unichip	SPWO +0.18 points	0.05%	0.23%
Emaar Properties	SPWO +0.18 points	0.05%	0.23%
Canadian National Railway	SPWO +0.17 points	0.15%	0.32%
Valterra Platinum Ltd	SPWO +0.16 points	0.04%	0.20%
Lite On Technology	SPWO +0.16 points	0.03%	0.19%
Jentech Precision Industrial Ltd	SPWO +0.16 points	0.04%	0.20%
Allegro SA	SPWO +0.16 points	0.03%	0.19%
Sk Square	SPWO +0.14 points	0.15%	0.29%
Innovent Biologics	SPWO +0.13 points	0.04%	0.17%
Southern Copper CorpSCCO	SPWO +0.14 points	0.04%	0.18%
Samsung Electro Mechanics Ltd	SPWO +0.13 points	0.12%	0.25%
Constellation Software	SPWO +0.12 points	0.12%	0.24%
Wheaton Precious Metals	SPWO +0.12 points	0.13%	0.25%
Pharmaessentia	SPWO +0.12 points	0.03%	0.15%
Fujikura	SPWO +0.12 points	0.09%	0.21%
Weg	SPWO +0.12 points	0.03%	0.15%
Realtek Semiconductor	SPWO +0.12 points	0.03%	0.15%
Pop Mart International Group	SPWO +0.12 points	0.02%	0.14%
Galderma Group N AG	SPWO +0.12 points	0.10%	0.22%
Goodman Group Units	SPWO +0.11 points	0.09%	0.20%
Dsm Firmenich AG	SPWO +0.10 points	0.05%	0.15%
Rio Tinto	SPWO +0.11 points	0.09%	0.20%
Gold Circuit Electronics	SPWO +0.10 points	0.03%	0.13%
Novatek Microelectronics	SPWO +0.11 points	0.02%	0.13%
Cenovus Energy	SPWO +0.11 points	0.10%	0.21%
Alcon AG	SPWO +0.11 points	0.08%	0.19%
Genmab	SPWO +0.10 points	0.09%	0.19%
Advantech	SPWO +0.10 points	0.02%	0.12%
Wuxi Apptec H	SPWO +0.10 points	0.02%	0.12%
Asm International NV	SPWO +0.09 points	0.09%	0.18%
Sumitomo Electric Industries	SPWO +0.09 points	0.08%	0.17%
Dollarama	SPWO +0.09 points	0.10%	0.19%
Cameco	SPWO +0.09 points	0.08%	0.17%
Tdk	SPWO +0.09 points	0.07%	0.16%
Nongfu Spring Ltd H	SPWO +0.09 points	0.02%	0.11%
Bid Corporation	SPWO +0.09 points	0.02%	0.11%
King Yuan Electronics	SPWO +0.09 points	0.02%	0.11%
Kinsus Interconnect Technology Cor	SPWO +0.09 points	0.02%	0.11%
Celestica	SPWO +0.08 points	0.08%	0.16%
Foxconn Industrial Internet Ltd A	SPWO +0.08 points	0.01%	0.09%
Nan Ya Printed Circuit Board Corp	SPWO +0.09 points	0.02%	0.10%
Ibiden Ltd	SPWO +0.08 points	0.06%	0.14%
Alchip Technologies	SPWO +0.08 points	0.02%	0.10%
Bizlink Holding Inc	SPWO +0.08 points	0.02%	0.10%
Zto Express (Cayman) Inc	SPWO +0.08 points	0.02%	0.10%
Aselsan Elektronik Sanayi Ve Ticar	SPWO +0.08 points	0.02%	0.10%
Sitc International Holdings Ltd	SPWO +0.07 points	0.02%	0.09%
Cspc Pharmaceutical Group	SPWO +0.07 points	0.02%	0.09%
H World Group AdrHTHT	SPWO +0.07 points	0.02%	0.09%
Kinross Gold	SPWO +0.07 points	0.06%	0.13%
Kyocera	SPWO +0.07 points	0.06%	0.13%
Taiwan Mobile	SPWO +0.06 points	0.02%	0.08%
Dubai Electricity and Water Author	SPWO +0.07 points	0.01%	0.08%
Tripod Technology	SPWO +0.06 points	0.02%	0.08%
Compeq Manufacturing Ltd	SPWO +0.06 points	0.02%	0.08%
Zhongji Innolight A	SPWO +0.07 points	0.01%	0.08%
Celltrion	SPWO +0.07 points	0.05%	0.12%
Aena Sme SA	SPWO +0.06 points	0.05%	0.11%
Imperial Oil Ltd	SPWO +0.06 points	0.05%	0.11%
Far Eastone Telecommunications Ltd	SPWO +0.06 points	0.01%	0.07%
Arca Continental	SPWO +0.06 points	0.01%	0.07%
Bim Birlesik Magazalar A	SPWO +0.05 points	0.02%	0.07%
Adnoc Gas PLC	SPWO +0.06 points	0.01%	0.07%
China Shenhua Energy Ltd A	SPWO +0.05 points	<0.01%	0.06%
Samsung C&T Corp	SPWO +0.05 points	0.05%	0.10%
China Molybdenum H	SPWO +0.06 points	0.01%	0.07%
Macronix International	SPWO +0.06 points	0.01%	0.07%
Next PLCNXT.L	SPWO +0.05 points	0.06%	0.11%
Cambricon Technologies Corporation	SPWO +0.05 points	0.01%	0.06%
Wsp Global Inc	SPWO +0.05 points	0.04%	0.09%
Ryohin Keikaku	SPWO +0.05 points	0.04%	0.09%
Db Islamic Bank	SPWO +0.05 points	0.01%	0.06%
Powertech Technology	SPWO +0.05 points	0.01%	0.06%
Genscript Biotech -1K Corp	SPWO +0.05 points	0.01%	0.06%
Lotes	SPWO +0.05 points	0.01%	0.06%
Cgi Inc Class A	SPWO +0.05 points	0.03%	0.08%
Tourmaline Oil Corp	SPWO +0.05 points	0.04%	0.09%

All 4,580 IXUS holdings⁠All 374 SPWO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IXUS vs SPWO Cost

Overpaying SPWO vs IXUS

$9,424

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IXUS 0.07%
$1,480
SPWO 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

IXUS 0.07%
SPWO 0.55%
Overpaying

Year by year

Year	IXUS	SPWO	Overpaying
10	$128	$988	$860
20	$503	$3,790	$3,287
30	$1,480	$10,904	$9,424

Expense ratio

0.07%IXUS, cheaper
0.55%SPWO

IXUS0.07%SPWO0.55%

0.04%0.55%

Middle half of Total International Market funds
Median 0.23%

IXUS 3rd cheapest of 8 funds

SPWO 8th cheapest of 8 funds

IXUS vs SPWO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IXUS 3.04%, better; SPWO 1.14%
Payout (12M): IXUS $2.80; SPWO $0.35
Last payment: IXUS $1.23; SPWO $0.03
Ex-dividend: IXUS Jun 15, 2026; SPWO Oct 27, 2026
Paid on: IXUS Jun 18, 2026; SPWO Oct 28, 2026
Frequency: IXUS Twice a year; SPWO Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IXUSTwice a year · 7 paymentsAll IXUS payments⁠

SPWOMonthly · 34 paymentsAll SPWO payments⁠

IXUS vs SPWO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IXUS 11.9%SPWO 16.3%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: IXUS 1.28SPWO 0.80since Jan 2024
Worst fallMax drawdown, 5 years: IXUS −29.4%SPWO −18.0%since Dec 2023
Market sensitivityBeta, 5 years: IXUS 0.92SPWO 0.93; Market = 1

IXUS and SPWO in the news

All news⁠

Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026IXUS
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IXUS
ETF Filings
SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income
Oct 12, 2026SPWO
New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026IXUS
Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IXUS

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IXUS vs SPWO

In short

Stated mandate

Why people hold it