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SP Funds S&P Global Technology ETF (SPTE) Sharpe Ratio: 2.94

ETF · Currency in USD · Last updated Jun 23, 2026

The SP Funds S&P Global Technology ETF (SPTE) seeks to track the S&P Global 1200 Shariah Information Technology Capped Index, providing Shariah-compliant exposure to global technology companies screened to meet Islamic investing principles. The fund excludes companies involved in prohibited activities and those failing financial-ratio screens. It launched in November 2023.

SPTE's Sharpe Ratio of 2.94 indicates that for each unit of volatility, it generates 2.94 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SPTE Sharpe Ratio Rank

SPTE Sharpe Ratio Rank: 90.591
Exceptional

SPTE ranks above 90.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

SPTE Sharpe Ratio Market Positioning

The chart shows SPTE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares SP Funds S&P Global Technology ETF's Sharpe Ratio with other ETFs in the Technology Equities category across multiple time periods, showing how SPTE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CHPSXtrackers Semiconductor Select Equity ETF6.03
AISVistaShares Artificial Intelligence Supercycle ETF5.85
FTXLFirst Trust Nasdaq Semiconductor ETF5.69
PSIInvesco Semiconductors ETF5.56
SOXXiShares Semiconductor ETF5.02
SOXQInvesco PHLX Semiconductor ETF4.83
SMHVanEck Semiconductor ETF4.66
SHOCStrive U.S. Semiconductor ETF4.40
AIVCAmplify Bloomberg AI Value Chain ETF4.33
KNCTInvesco Next Gen Connectivity ETF4.18
SPTESP Funds S&P Global Technology ETF2.94

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SPTE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SPTE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SPTE fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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