JSTC vs. SPRE

Last updated Jun 23, 2026

JSTC (Adasina Social Justice All Cap Global ETF) and SPRE (SP Funds S&P Global REIT Sharia ETF) are both exchange-traded funds - JSTC is a Global Equities fund actively managed by Toroso Investments, while SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index. JSTC is actively managed, while SPRE is passively managed. Over the past 5 years, JSTC returned 6.88%/yr vs 1.86%/yr for SPRE. A 0.61 correlation means they provide meaningful diversification when combined. JSTC charges 0.89%/yr vs 0.69%/yr for SPRE.

Performance

JSTC vs. SPRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adasina Social Justice All Cap Global ETF (JSTC) and SP Funds S&P Global REIT Sharia ETF (SPRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSTC achieves a 12.25% return, which is significantly higher than SPRE's 10.27% return.

JSTC

• 1D: 0.27%
• 1M: 3.01%
• YTD: 12.25%
• 6M: 11.96%
• 1Y: 20.39%
• 3Y*: 14.57%
• 5Y*: 6.88%
• 10Y*: —

SPRE

• 1D: 0.19%
• 1M: 0.70%
• YTD: 10.27%
• 6M: 11.31%
• 1Y: 13.28%
• 3Y*: 8.33%
• 5Y*: 1.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JSTC vs. SPRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JSTC Adasina Social Justice All Cap Global ETF	12.25%	12.02%	8.96%	15.67%	-17.58%	19.28%	0.66%
SPRE SP Funds S&P Global REIT Sharia ETF	10.27%	3.07%	2.11%	9.40%	-29.48%	44.78%	-0.17%

Correlation

The correlation between JSTC and SPRE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020	0.61

The correlation between JSTC and SPRE shifts across timeframes, from 0.44 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

JSTC vs. SPRE - Sectors Allocation Comparison

Sectors	JSTC	SPRE
Technology	35.4%	-
Financial Services	22.2%	-0.0%
Industrials	15.1%	-
Healthcare	9.2%	-
Communication Services	8.1%	-0.2%
Consumer Cyclical	4.4%	-
Consumer Defensive	2.7%	-
Utilities	1.6%	0.4%
Basic Materials	0.9%	5.2%
Real Estate	0.4%	84.6%
Energy	0.0%	-

Return for Risk

JSTC vs. SPRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JSTC

JSTC Risk / Return Rank: 44
JSTC Sharpe Ratio Rank: 44
JSTC Sortino Ratio Rank: 44
JSTC Omega Ratio Rank: 41
JSTC Calmar Ratio Rank: 42
JSTC Martin Ratio Rank: 51

SPRE

SPRE Risk / Return Rank: 28
SPRE Sharpe Ratio Rank: 28
SPRE Sortino Ratio Rank: 26
SPRE Omega Ratio Rank: 26
SPRE Calmar Ratio Rank: 29
SPRE Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JSTC vs. SPRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adasina Social Justice All Cap Global ETF (JSTC) and SP Funds S&P Global REIT Sharia ETF (SPRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JSTC	SPRE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.98	+0.50
Sortino ratio: Return per unit of downside risk	2.14	1.41	+0.72
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.09
Calmar ratio: Return relative to maximum drawdown	2.06	1.38	+0.68
Martin ratio: Return relative to average drawdown	8.35	4.79	+3.57

JSTC vs. SPRE - Sharpe Ratio Comparison

The current JSTC Sharpe Ratio is 1.48, which is higher than the SPRE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of JSTC and SPRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JSTC vs. SPRE - Drawdown Comparison

The maximum JSTC drawdown since its inception was -26.82%, smaller than the maximum SPRE drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for JSTC and SPRE.

Drawdown Indicators

	JSTC	SPRE	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-38.34%	+11.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-9.63%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-22.04%	+5.32%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-38.34%	+11.52%
Current Drawdown Current decline from peak	-0.26%	-10.48%	+10.22%
Average Drawdown Average peak-to-trough decline	-6.54%	-17.85%	+11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.78%	-0.33%

Volatility

JSTC vs. SPRE - Volatility Comparison

Adasina Social Justice All Cap Global ETF (JSTC) and SP Funds S&P Global REIT Sharia ETF (SPRE) have volatilities of 4.78% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSTC	SPRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	4.66%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	10.16%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	13.64%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	18.79%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	18.40%	-2.61%

JSTC vs. SPRE - Expense Ratio Comparison

JSTC has a 0.89% expense ratio, which is higher than SPRE's 0.69% expense ratio.

Dividends

JSTC vs. SPRE - Dividend Comparison

JSTC's dividend yield for the trailing twelve months is around 1.20%, less than SPRE's 3.78% yield.

Position	TTM	2025	2024	2023	2022	2021
JSTC Adasina Social Justice All Cap Global ETF	1.20%	1.34%	1.11%	1.03%	0.83%	0.96%
SPRE SP Funds S&P Global REIT Sharia ETF	3.78%	4.10%	4.13%	4.16%	4.17%	2.83%

Frequently Asked Questions

Can I hold both JSTC and SPRE in my portfolio?

JSTC and SPRE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSTC or SPRE?

JSTC has higher volatility (4.78%) compared to SPRE (4.66%). In terms of maximum drawdown, JSTC dropped -26.82% vs SPRE's -38.34%.

Which ETF is better, JSTC or SPRE?

On 5-year performance, JSTC leads with 6.88% vs 1.86% for SPRE. On fees, SPRE is cheaper at 0.69% per year. On volatility, SPRE has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSTC or SPRE?

Over the 5-year period, JSTC has performed better with a 6.88% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSTC or SPRE?

SPRE is cheaper with a 0.69% expense ratio, compared with 0.89% for JSTC.

Which ETF pays a higher dividend yield, JSTC or SPRE?

SPRE has the higher dividend yield at 3.78%, compared with 1.20% for JSTC.

What is the main difference between JSTC and SPRE?

JSTC is categorized as Global Equities, while SPRE is REIT. Their fees differ too: 0.89% for JSTC and 0.69% for SPRE.

Which has better risk-adjusted returns?

JSTC currently has the higher Sharpe Ratio (1.48 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.