MNZL vs. SPCT

Last updated Jul 18, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. MNZL is passively managed, while SPCT is actively managed. At a 0.39 correlation, their price movements are largely independent. MNZL charges 0.40%/yr vs 0.85%/yr for SPCT.

Performance

MNZL vs. SPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and Liberty One Spectrum ETF (SPCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 15.74% return, which is significantly higher than SPCT's 9.50% return.

MNZL

• 1D: -0.69%
• 1M: -0.07%
• 6M: 13.37%
• YTD: 15.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPCT

• 1D: -0.38%
• 1M: 2.20%
• 6M: 6.42%
• YTD: 9.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNZL vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	15.74%	3.37%
SPCT Liberty One Spectrum ETF	9.50%	0.96%

Correlation

The correlation between MNZL and SPCT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.39

Return for Risk

MNZL vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and Liberty One Spectrum ETF (SPCT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MNZL vs. SPCT - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for MNZL and SPCT.

Drawdown Indicators

	MNZL	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-7.17%	-2.49%
Current Drawdown Current decline from peak	-3.52%	-0.38%	-3.14%
Average Drawdown Average peak-to-trough decline	-1.86%	-1.48%	-0.38%

Volatility

Volatility by Period

	MNZL	SPCT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	9.26%	+7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	9.26%	+7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	9.26%	+7.64%

MNZL vs. SPCT - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

MNZL vs. SPCT - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than SPCT's 0.77% yield.

Position	TTM	2025
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%
SPCT Liberty One Spectrum ETF	0.77%	0.16%

Frequently Asked Questions

Can I hold both MNZL and SPCT in my portfolio?

MNZL and SPCT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNZL or SPCT?

On fees, MNZL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or SPCT?

MNZL is cheaper with a 0.40% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, MNZL or SPCT?

SPCT has the higher dividend yield at 0.77%, compared with 0.03% for MNZL.

What is the main difference between MNZL and SPCT?

They also come from different issuers: Manzil and Liberty One. Their fees differ too: 0.40% for MNZL and 0.85% for SPCT.