KSA vs. SPRE
Compare and contrast key facts about iShares MSCI Saudi Arabia ETF (KSA) and SP Funds S&P Global REIT Sharia ETF (SPRE).
KSA and SPRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KSA is a passively managed fund by iShares that tracks the performance of the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index. It was launched on Sep 16, 2015. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. Both KSA and SPRE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KSA vs. SPRE - Performance Comparison
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KSA vs. SPRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 9.17% | -8.20% | -0.19% | 15.05% | -6.06% | 33.62% | -1.33% |
SPRE SP Funds S&P Global REIT Sharia ETF | 1.06% | 3.07% | 2.11% | 9.40% | -29.48% | 44.78% | 0.73% |
Returns By Period
In the year-to-date period, KSA achieves a 9.17% return, which is significantly higher than SPRE's 1.06% return.
KSA
- 1D
- 2.47%
- 1M
- 6.94%
- YTD
- 9.17%
- 6M
- -0.86%
- 1Y
- -1.07%
- 3Y*
- 3.88%
- 5Y*
- 4.57%
- 10Y*
- 8.88%
SPRE
- 1D
- 1.71%
- 1M
- -6.57%
- YTD
- 1.06%
- 6M
- 2.61%
- 1Y
- 4.56%
- 3Y*
- 3.70%
- 5Y*
- 2.40%
- 10Y*
- —
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KSA vs. SPRE - Expense Ratio Comparison
KSA has a 0.74% expense ratio, which is higher than SPRE's 0.69% expense ratio.
Return for Risk
KSA vs. SPRE — Risk / Return Rank
KSA
SPRE
KSA vs. SPRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) 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.
| KSA | SPRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 0.28 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.05 | 0.48 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.35 | -0.38 |
Martin ratioReturn relative to average drawdown | -0.05 | 1.40 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSA | SPRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.28 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.13 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.19 | +0.14 |
Correlation
The correlation between KSA and SPRE is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KSA vs. SPRE - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.70%, less than SPRE's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 2.70% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
SPRE SP Funds S&P Global REIT Sharia ETF | 4.10% | 4.10% | 4.13% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KSA vs. SPRE - Drawdown Comparison
The maximum KSA drawdown since its inception was -40.56%, which is greater than SPRE's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for KSA and SPRE.
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Drawdown Indicators
| KSA | SPRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -38.34% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -14.01% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -38.34% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -13.35% | -17.95% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -18.12% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 3.49% | +3.02% |
Volatility
KSA vs. SPRE - Volatility Comparison
iShares MSCI Saudi Arabia ETF (KSA) has a higher volatility of 7.02% compared to SP Funds S&P Global REIT Sharia ETF (SPRE) at 4.68%. This indicates that KSA's price experiences larger fluctuations and is considered to be riskier than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSA | SPRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 4.68% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 9.08% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 16.63% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 18.69% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 18.53% | +1.64% |