SPWO is trading 5.1% down today as the prior growth-led rally in foreign markets gives way to profit-taking and modest risk-off positioning.
- The ETF closed at $33.76 on May 26, 2026, following a strong advance tied to easing geopolitical tensions and lower energy prices.
- While U.S. equity futures remain positive, sharp tech- and AI-driven gains have been concentrated in U.S. names, leaving ex-US growth exposure lagging.
- This shift reverses a portion of the fund's recent outperformance as investors rotate out of international growth positions.