MNZL vs. SPTM
MNZL (Manzil Russell Halal USA Broad Market ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - MNZL tracks the Russell IdealRatings Manzil Halal USA Broad Market Index while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.03%/yr for SPTM.
Performance
MNZL vs. SPTM - Performance Comparison
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Returns By Period
In the year-to-date period, MNZL achieves a 18.55% return, which is significantly higher than SPTM's 11.68% return.
MNZL
- 1D
- -0.06%
- 1M
- 2.37%
- 6M
- 16.46%
- YTD
- 18.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPTM
- 1D
- 0.38%
- 1M
- 1.91%
- 6M
- 9.45%
- YTD
- 11.68%
- 1Y
- 22.47%
- 3Y*
- 20.51%
- 5Y*
- 12.82%
- 10Y*
- 15.01%
MNZL vs. SPTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 18.55% | 3.37% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 11.68% | 3.76% |
Correlation
The correlation between MNZL and SPTM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.91 |
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Return for Risk
MNZL vs. SPTM — Risk / Return Rank
MNZL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPTM
MNZL vs. SPTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.
| MNZL | SPTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.54 | — |
| Martin ratioReturn relative to average drawdown | — | 11.24 | — |
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Drawdowns
MNZL vs. SPTM - Drawdown Comparison
The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for MNZL and SPTM.
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Drawdown Indicators
| MNZL | SPTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.66% | -54.80% | +45.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.66% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.15% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -9.02% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.96% | — |
Volatility
MNZL vs. SPTM - Volatility Comparison
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Volatility by Period
| MNZL | SPTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 12.50% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.00% | 16.96% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 18.01% | -1.01% |
MNZL vs. SPTM - Expense Ratio Comparison
MNZL has a 0.40% expense ratio, which is higher than SPTM's 0.03% expense ratio.
Dividends
MNZL vs. SPTM - Dividend Comparison
MNZL's dividend yield for the trailing twelve months is around 0.03%, less than SPTM's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.05% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.72% | 1.90% | 1.66% | 1.91% | 1.92% |
Frequently Asked Questions
With a correlation of 0.91, MNZL and SPTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPTM is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPTM is cheaper with a 0.03% expense ratio, compared with 0.40% for MNZL.
SPTM has the higher dividend yield at 1.05%, compared with 0.03% for MNZL.
MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: Manzil and State Street. Their fees differ too: 0.40% for MNZL and 0.03% for SPTM.
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