JSTC vs. SPUS

Last updated Aug 2, 2026

JSTC (Adasina Social Justice All Cap Global ETF) and SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) are both exchange-traded funds - JSTC is a Global Equities fund actively managed by Toroso Investments, while SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. JSTC is actively managed, while SPUS is passively managed. Over the past 5 years, JSTC returned 6.37%/yr vs 14.52%/yr for SPUS. Their 0.79 correlation means they have sometimes moved together and sometimes differently. JSTC charges 0.89%/yr vs 0.45%/yr for SPUS.

Performance

JSTC vs. SPUS - 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 500 Sharia Industry Exclusions ETF (SPUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSTC achieves a 11.63% return, which is significantly higher than SPUS's 10.68% return.

JSTC

• 1D: -0.03%
• 1M: -0.08%
• 6M: 9.52%
• YTD: 11.63%
• 1Y: 17.52%
• 3Y*: 12.41%
• 5Y*: 6.37%
• 10Y*: —
• ALL TIME*: 8.55%

SPUS

• 1D: -0.21%
• 1M: -0.54%
• 6M: 9.78%
• YTD: 10.68%
• 1Y: 25.03%
• 3Y*: 20.31%
• 5Y*: 14.52%
• 10Y*: —
• ALL TIME*: 18.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JSTC Adasina Social Justice All Cap Global ETF	$1.31M	$859.73K	$669.66K
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	$23.25M	$21.17M	$26.78M

JSTC vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JSTC Adasina Social Justice All Cap Global ETF	11.63%	12.02%	8.96%	15.67%	-17.58%	19.28%	2.48%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	10.68%	19.77%	26.49%	34.24%	-22.76%	35.92%	2.43%

Correlation

The correlation between JSTC and SPUS is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.79

The correlation between JSTC and SPUS has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

JSTC vs. SPUS - Sectors Allocation Comparison

Sectors	JSTC	SPUS
Technology	28.6%	59.9%
Financial Services	23.5%	-
Industrials	18.4%	6.8%
Healthcare	9.8%	11.4%
Communication Services	7.2%	5.6%
Consumer Cyclical	4.1%	7.1%
Consumer Defensive	3.2%	2.7%
Utilities	2.6%	0.2%
Basic Materials	1.9%	2.7%
Real Estate	0.7%	1.2%
Energy	0.0%	2.5%

Return for Risk

JSTC vs. SPUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JSTC

JSTC Risk / Return Rank: 49
JSTC Sharpe Ratio Rank: 48
JSTC Sortino Ratio Rank: 48
JSTC Omega Ratio Rank: 45
JSTC Calmar Ratio Rank: 47
JSTC Martin Ratio Rank: 56

SPUS

SPUS Risk / Return Rank: 63
SPUS Sharpe Ratio Rank: 64
SPUS Sortino Ratio Rank: 62
SPUS Omega Ratio Rank: 60
SPUS Calmar Ratio Rank: 63
SPUS Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JSTC vs. SPUS - 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 500 Sharia Industry Exclusions ETF (SPUS). 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	SPUS	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.47	-0.28
Sortino ratio: Return per unit of downside risk	1.74	2.05	-0.31
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.69	2.19	-0.51
Martin ratio: Return relative to average drawdown	6.76	7.52	-0.77

JSTC vs. SPUS - Sharpe Ratio Comparison

The current JSTC Sharpe Ratio is 1.19, which is comparable to the SPUS Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of JSTC and SPUS, 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. SPUS - Drawdown Comparison

The maximum JSTC drawdown since its inception was -26.82%, smaller than the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for JSTC and SPUS.

Drawdown Indicators

	JSTC	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-30.80%	+3.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-10.66%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-22.82%	+6.10%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-28.06%	+1.24%
Current Drawdown Current decline from peak	-1.45%	-5.26%	+3.81%
Average Drawdown Average peak-to-trough decline	-6.45%	-6.17%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	3.10%	-0.63%

Volatility

JSTC vs. SPUS - Volatility Comparison

The current volatility for Adasina Social Justice All Cap Global ETF (JSTC) is 3.81%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 4.66%. This indicates that JSTC experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSTC	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.66%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	11.76%	12.81%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	15.89%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	19.49%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	21.26%	-5.51%

JSTC vs. SPUS - Expense Ratio Comparison

JSTC has a 0.89% expense ratio, which is higher than SPUS's 0.45% expense ratio.

Dividends

JSTC vs. SPUS - Dividend Comparison

JSTC's dividend yield for the trailing twelve months is around 1.22%, more than SPUS's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JSTC Adasina Social Justice All Cap Global ETF	1.22%	1.34%	1.11%	1.03%	0.83%	0.96%	0.00%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.54%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%

Frequently Asked Questions

Can I hold both JSTC and SPUS in my portfolio?

JSTC and SPUS have a correlation of 0.79, 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 SPUS?

SPUS has higher volatility (4.66%) compared to JSTC (3.81%). In terms of maximum drawdown, JSTC dropped -26.82% vs SPUS's -30.80%.

Which ETF is better, JSTC or SPUS?

On 5-year performance, SPUS leads with 14.52% vs 6.37% for JSTC. On fees, SPUS is cheaper at 0.45% per year. On volatility, JSTC has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSTC or SPUS?

Over the 5-year period, SPUS has performed better with a 14.52% return vs 6.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSTC or SPUS?

SPUS is cheaper with a 0.45% expense ratio, compared with 0.89% for JSTC.

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

JSTC has the higher dividend yield at 1.22%, compared with 0.54% for SPUS.

What is the main difference between JSTC and SPUS?

JSTC is categorized as Global Equities, while SPUS is S&P 500. They also come from different issuers: Toroso Investments and SP Funds. Their fees differ too: 0.89% for JSTC and 0.45% for SPUS.

Which has better risk-adjusted returns?

SPUS currently has the higher Sharpe Ratio (1.47 vs 1.19), 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.