SPWO vs VXUS: Grades, Fees and Holdings Compared

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

SPWO—NYSE Arca

Vanguard Total International Stock ETF

VXUSANasdaq

Overlap

14.3%by weight

Expense ratio

VXUS −0.50pt a year

SPWO0.55%VXUS0.05%

Avg volume · 30D

VXUS 79.5×the volume

SPWO66.3KVXUS5.27M

SPWO vs VXUS Performance

Oct 31, 2025 – Oct 30, 2026

+14.4%SPWO+13.2%VXUS

Expense ratio: SPWO 0.55%; VXUS 0.05%, better
Fund size: SPWO $245M; VXUS $649B
1Y total return: SPWO +14.4%, better; VXUS +13.2%
Yield (12M): SPWO 1.14%; VXUS 2.41%, better
Holdings: SPWO 387; VXUS 8905
Avg volume (30D): SPWO 66.3K sh; VXUS 5.27M sh, better
NAV per share: SPWO $31.99; VXUS $82.18
52W range

ETF.net Grade

—SPWOMandate not yet analyzed

Pillar letters and Scores for SPWO, VXUS, with each pillar’s weight
Pillar	SPWO	VXUS
Cost30% weight	Not scored	A81
Mission25% weight	Not scored	A100
Risk15% weight	Not scored	B55
Tradability15% weight	Not scored	A73
Holdings10% weight	Not scored	A74
Durability5% weight	Not scored	A86

Rank among Total International Market funds

How we build Categories ›

Total International Market⁠

Category · 8 funds

See all 8 ›

VXUS ranks 1st 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
SPWONot yet graded

Our read on each fund

ETF.net Research

SPWO—SP Funds S&P World (ex-US) ETF

VXUSAVanguard Total International Stock ETF

In short

SPWO No data

VXUS Everything outside the US in one ticker: roughly 8,600 stocks across developed and emerging markets, large caps down to small, for 0.05% a year. Vanguard's answer to international investing is to just own the whole thing.

Stated mandate

SPWO No data

VXUS The fund uses a passive indexing strategy to track the FTSE Global All Cap ex US Index, which measures the performance of large-, mid-, and small-cap stocks in developed and emerging markets outside the United States.

Why people hold it

SPWO No data

VXUS 0.05% a year, a small fraction of the median fee among its international peers.
One ticker, roughly 8,600 companies: developed and emerging markets, large caps down to small caps, weighted by market size.vanguard.com
Tracks the FTSE Global All Cap ex US Index tightly, one of the cleanest index builds among the international funds we grade.
Trading since 2011, well over $100 billion in assets and one of the busiest names in its category, which usually shows up as tight bid-ask spreads.

Worth knowing

SPWO No data

VXUS No US stocks by design. This is the other half of a global portfolio, not the whole portfolio.vanguard.com
Foreign currency moves feed straight into dollar returns, and Vanguard flags country and currency risk as especially high in emerging markets.vanguard.com
Market-cap weighting means the largest developed markets and their megacaps steer the fund; the thousands of small names barely move it.vanguard.com

Full SPWO profile⁠

Full VXUS profile⁠

SPWO vs VXUS Holdings

How SPWO and VXUS differ

Overlap by weight

14.3%

Shared holdings make up 37.3% of SPWO and 14.3% of VXUS.

Level by level

Holdings197 in both14.3%
Sector11 Sectors63.4%
Countryby domicile69.4%
Asset classEquity100%

Sector

Sector weights in SPWO and VXUS, widest gap first
Sector	More in SPWOMore in VXUS	SPWO	VXUS
Technology	SPWO +31.9 points	53.6%	21.7%
Financials	VXUS +22.3 points	0.9%	23.2%
Health Care	SPWO +3.6 points	10.5%	6.9%
Industrials	VXUS +3.6 points	11.3%	14.9%
Utilities	VXUS +2.6 points	0.3%	2.9%
Communication	VXUS +2.5 points	1.6%	4.1%
Energy	VXUS +2.1 points	2.5%	4.6%
Real Estate	VXUS +1.7 points	0.5%	2.2%
Consumer Discretionary	SPWO +1.0 points	8.3%	7.3%
Consumer Staples	VXUS +1.0 points	3.8%	4.8%
Materials	VXUS +0.7 points	6.8%	7.5%

Country, concentration and asset class

Country by domicile

Country weights in SPWO and VXUS, widest gap first
Country	More in SPWOMore in VXUS	SPWO	VXUS
Taiwan	SPWO +23.2 points	32.6%	9.3%
Japan	VXUS +4.8 points	11.3%	16.1%
United Kingdom	VXUS +3.9 points	4.2%	8.1%
India	VXUS +3.6 points	0.7%	4.3%
Switzerland	SPWO +2.7 points	7.5%	4.8%
Canada	VXUS +2.3 points	5.6%	7.9%
Germany	VXUS +2.1 points	2.5%	4.6%
South Africa	VXUS +1.9 points	1.1%	3.0%
Other countries (31)	VXUS +7.3 points	34.6%	41.9%

Outside the US: SPWO 47% developed, 53% emerging. VXUS 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

SPWO40.6%
VXUS14.6%

Securities held

SPWO380
VXUS8,836

Asset class

SPWO: Equity
VXUS: Equity

Holdings

Only in SPWO183
In both197
Only in VXUS8,639

Only in SPWO

183 securities, 62.4% 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%
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%
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%
Hermes International SCA0.24%
Wuxi Biologics Cayman Inc0.24%
Sandoz Group AG0.22%

Only in VXUS

8,639 securities, 85.0% of VXUS by weight

Taiwan Semiconductor Manufacturing Co Ltd4.27%
SLCMT11421.66%
Tencent Holdings Ltd0.76%
HSBC Holdings PLC0.76%
Roche Holding AG0.66%
Shell PLC0.62%
Royal Bank of Canada0.62%
Novartis AG0.60%
Alibaba Group Holding Ltd0.57%
Mitsubishi UFJ Financial Group Inc0.57%
AstraZeneca PLC0.54%
Nestle SA0.52%
Siemens AG0.50%
Sap SE0.46%
Banco Santander SA0.45%
Toronto-Dominion Bank/The0.43%
Toyota Motor Corp0.43%
Allianz SE0.40%
Schneider Electric SE0.40%
Commonwealth Bank of Australia0.39%
TotalEnergies SE0.39%
Tokyo Electron Ltd0.37%
Rolls-Royce Holdings PLC0.36%
Advantest Corp0.36%
Sumitomo Mitsui Financial Group Inc0.36%
Banco Bilbao Vizcaya Argentaria SA0.35%
Iberdrola SA0.35%
Hitachi Ltd0.34%
SoftBank Group Corp0.34%
UBS Group AG0.33%
Recruit Holdings Co Ltd0.32%
Sony Group Corp0.31%
BHP Group Ltd0.31%
Kioxia Holdings Corp0.30%
UniCredit SpA0.30%
Mizuho Financial Group Inc0.29%
Safran SA0.29%
Unilever PLC0.28%
Airbus SE0.28%
DBS Group Holdings Ltd0.28%
Siemens Energy AG0.27%
Novo Nordisk A/S0.27%
Bank of Montreal0.27%
Bp PLC0.26%
Samsung Electronics-Pref0.26%
Intesa Sanpaolo SpA0.26%
Cie Financiere Richemont SA0.25%
Bank of Nova Scotia/The0.25%
British American Tobacco PLC0.25%
China Construction Bank Corp0.25%

Weight gaps

The 100 widest of 197 Holdings in both funds.

Holding weights in SPWO and VXUS, widest gap first
Holding	More in SPWOMore in VXUS	SPWO	VXUS
MediaTek Inc	SPWO +1.69 points	2.20%	0.51%
Samsung Electronics Co Ltd	SPWO +1.66 points	3.69%	2.03%
ASML Holding NV	SPWO +1.36 points	2.91%	1.55%
SK hynix Inc	SPWO +1.31 points	2.98%	1.67%
Delta Electronics Inc	SPWO +0.59 points	0.90%	0.31%
Shopify Inc	SPWO +0.50 points	0.91%	0.41%
United Microelectronics CorpUMC	SPWO +0.47 points	0.47%	<0.01%
Al Rajhi Bank	SPWO +0.45 points	0.56%	0.11%
Elite Material Co Ltd	SPWO +0.43 points	0.53%	0.10%
L'Oreal SALRLCY	SPWO +0.38 points	0.53%	0.15%
Unimicron Technology Corp	SPWO +0.38 points	0.49%	0.11%
Grupo Mexico SAB de CV	SPWO +0.36 points	0.44%	0.08%
Canadian Nat Res Ltd	SPWO +0.33 points	0.55%	0.22%
Asia Vital Components Co Ltd	SPWO +0.30 points	0.38%	0.08%
ABB Ltd	SPWO +0.30 points	0.63%	0.33%
Suncor Energy Inc	SPWO +0.26 points	0.44%	0.18%
Keyence Corp	SPWO +0.26 points	0.47%	0.21%
Accton Technology Corp	SPWO +0.24 points	0.30%	0.06%
Trip.com Group Ltd	SPWO +0.23 points	0.28%	0.05%
Chunghwa Telecom Co LtdCHT	SPWO +0.22 points	0.22%	<0.01%
Canadian Pacific Kansas City Ltd	SPWO +0.21 points	0.38%	0.17%
Chroma ATE Inc	SPWO +0.19 points	0.25%	0.06%
King Slide Works Co Ltd	SPWO +0.19 points	0.24%	0.05%
Agnico Eagle Mines Ltd	SPWO +0.19 points	0.40%	0.21%
Global Unichip Corp	SPWO +0.18 points	0.23%	0.05%
Asustek Computer Inc	SPWO +0.18 points	0.23%	0.05%
Wiwynn Corp	SPWO +0.18 points	0.23%	0.05%
Canadian National Railway Co	SPWO +0.18 points	0.32%	0.14%
Mitsubishi Heavy Industries Ltd	SPWO +0.17 points	0.35%	0.18%
Emaar Properties PJSC	SPWO +0.17 points	0.23%	0.06%
Allegro.eu SA	SPWO +0.16 points	0.19%	0.03%
Jentech Precision Industrial Co Ltd	SPWO +0.16 points	0.20%	0.04%
Valterra Platinum Ltd	SPWO +0.15 points	0.20%	0.05%
Waste Connections Inc	SPWO +0.15 points	0.24%	0.09%
Constellation Software Inc/Canada	SPWO +0.15 points	0.24%	0.09%
Lite-On Technology Corp	SPWO +0.15 points	0.19%	0.04%
Genmab A/S	SPWO +0.14 points	0.19%	0.05%
Galderma Group AG	SPWO +0.14 points	0.22%	0.08%
Innovent Biologics Inc	SPWO +0.12 points	0.17%	0.05%
PharmaEssentia Corp	SPWO +0.12 points	0.15%	0.03%
SK Square Co Ltd	SPWO +0.12 points	0.29%	0.17%
Weg SA	SPWO +0.12 points	0.15%	0.03%
Ferrari NV	SPWO +0.13 points	0.23%	0.10%
Realtek Semiconductor Corp	SPWO +0.12 points	0.15%	0.03%
Goodman Group	SPWO +0.12 points	0.20%	0.08%
Alcon AG	SPWO +0.12 points	0.19%	0.07%
Wheaton Precious Metals Corp	SPWO +0.11 points	0.25%	0.14%
Dollarama Inc	SPWO +0.11 points	0.19%	0.08%
Cenovus Energy Inc	SPWO +0.12 points	0.21%	0.09%
Samsung Electro-Mechanics Co Ltd	SPWO +0.11 points	0.25%	0.14%
DSM-Firmenich AG	SPWO +0.10 points	0.15%	0.05%
Pop Mart International Group Ltd	SPWO +0.11 points	0.14%	0.03%
Novatek Microelectronics Corp	SPWO +0.11 points	0.13%	0.02%
Rio Tinto Ltd	SPWO +0.10 points	0.20%	0.10%
Gold Circuit Electronics Ltd	SPWO +0.10 points	0.13%	0.03%
Dr Reddy's Laboratories LtdRDY	SPWO +0.10 points	0.10%	<0.01%
Advantech Co Ltd	SPWO +0.10 points	0.12%	0.02%
Nongfu Spring Co Ltd	SPWO +0.09 points	0.11%	0.02%
WuXi AppTec Co Ltd	SPWO +0.09 points	0.12%	0.03%
Fujikura Ltd	SPWO +0.09 points	0.21%	0.12%
Cameco Corp	SPWO +0.09 points	0.17%	0.08%
Bid Corp Ltd	SPWO +0.09 points	0.11%	0.02%
Kinsus Interconnect Technology Corp	SPWO +0.09 points	0.11%	0.02%
King Yuan Electronics Co Ltd	SPWO +0.09 points	0.11%	0.02%
Foxconn Industrial Internet Co Ltd	SPWO +0.08 points	0.09%	0.01%
TDK Corp	SPWO +0.08 points	0.16%	0.08%
STMicroelectronics NV	SPWO +0.08 points	0.16%	0.08%
Nan Ya Printed Circuit Board Corp	SPWO +0.09 points	0.10%	0.02%
ASM International NV	SPWO +0.08 points	0.18%	0.10%
ZTO Express Cayman Inc	SPWO +0.08 points	0.10%	0.02%
Alchip Technologies Ltd	SPWO +0.08 points	0.10%	0.02%
Aselsan Elektronik Sanayi Ve Ticaret AS	SPWO +0.08 points	0.10%	0.02%
SITC International Holdings Co Ltd	SPWO +0.07 points	0.09%	0.02%
Wipro LtdWIT	SPWO +0.08 points	0.08%	<0.01%
Celltrion Inc	SPWO +0.08 points	0.12%	0.04%
Airports of Thailand PCL	SPWO +0.07 points	0.09%	0.02%
Taiwan Mobile Co Ltd	SPWO +0.07 points	0.08%	0.01%
Abu Dhabi Islamic Bank PJSC	SPWO +0.07 points	0.09%	0.02%
Sumitomo Electric Industries Ltd	SPWO +0.07 points	0.17%	0.10%
CSPC Pharmaceutical Group Ltd	SPWO +0.07 points	0.09%	0.02%
Bizlink Holding Inc	SPWO +0.07 points	0.10%	0.03%
Imperial Oil Ltd	SPWO +0.07 points	0.11%	0.04%
Aena SME SA	SPWO +0.06 points	0.11%	0.04%
Tripod Technology Corp	SPWO +0.06 points	0.08%	0.02%
Kyocera Corp	SPWO +0.07 points	0.13%	0.06%
Smith & Nephew PLCSNN	SPWO +0.07 points	0.07%	<0.01%
Ibiden Co Ltd	SPWO +0.06 points	0.14%	0.08%
Compeq Manufacturing Co Ltd	SPWO +0.06 points	0.08%	0.02%
Dubai Electricity & Water Authority PJSC	SPWO +0.06 points	0.08%	0.01%
Kinross Gold Corp	SPWO +0.07 points	0.13%	0.06%
Next PLCNXT.L	SPWO +0.06 points	0.11%	0.05%
Celestica Inc	SPWO +0.06 points	0.16%	0.10%
Far EasTone Telecommunications Co Ltd	SPWO +0.06 points	0.07%	0.01%
Ryohin Keikaku Co Ltd	SPWO +0.06 points	0.09%	0.03%
China Shenhua Energy Co Ltd	SPWO +0.06 points	0.06%	<0.01%
Zhongji Innolight Co Ltd	SPWO +0.06 points	0.08%	0.02%
Cambricon Technologies Corp Ltd	SPWO +0.05 points	0.06%	<0.01%
Tourmaline Oil Corp	SPWO +0.05 points	0.09%	0.04%
WSP Global Inc	SPWO +0.05 points	0.09%	0.04%
Samsung C&T Corp	SPWO +0.06 points	0.10%	0.04%

All 374 SPWO holdings⁠All 8,602 VXUS 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.

SPWO vs VXUS Cost

Overpaying SPWO vs VXUS

$9,844

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

SPWO 0.55%
$10,904
VXUS 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SPWO 0.55%
VXUS 0.05%
Overpaying

Year by year

Year	SPWO	VXUS	Overpaying
10	$988	$92	$896
20	$3,790	$360	$3,430
30	$10,904	$1,060	$9,844

Expense ratio

0.55%SPWO
0.05%VXUS, cheaper

VXUS0.05%SPWO0.55%

0.04%0.55%

Middle half of Total International Market funds
Median 0.23%

VXUS 2nd cheapest of 8 funds

SPWO 8th cheapest of 8 funds

SPWO vs VXUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPWO 1.14%; VXUS 2.41%, better
Payout (12M): SPWO $0.35; VXUS $1.98
Last payment: SPWO $0.03; VXUS $0.16
Ex-dividend: SPWO Oct 27, 2026; VXUS Sep 18, 2026
Paid on: SPWO Oct 28, 2026; VXUS Sep 22, 2026
Frequency: SPWO Monthly; VXUS Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

SPWOMonthly · 34 paymentsAll SPWO payments⁠

VXUSQuarterly · 15 paymentsAll VXUS payments⁠

SPWO vs VXUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPWO 16.3%since Jan 2024VXUS 11.9%
Return per unit of riskSharpe ratio, 3 years: SPWO 0.80since Jan 2024VXUS 1.25
Worst fallMax drawdown, 5 years: SPWO −18.0%since Dec 2023VXUS −28.9%
Market sensitivityBeta, 5 years: SPWO 0.93VXUS 0.92; Market = 1

SPWO and VXUS in the news

All news⁠

Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026VXUS
Head-to-Head
Own the world's stocks with VT, or only the United States with VTI
Oct 23, 2026VXUS
Head-to-Head
VXUS already holds the stocks in VEA
Oct 19, 2026VXUS
ETF Filings
SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income
Oct 12, 2026SPWO
New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026VXUS
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Oct 4, 2026VXUS

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SPWO vs VXUS

In short

Stated mandate

Why people hold it