MNZL vs. SPTM

Last updated Jun 5, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 18.20% return, which is significantly higher than SPTM's 11.57% return.

MNZL

• 1D: -1.04%
• 1M: 8.16%
• YTD: 18.20%
• 6M: 16.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPTM

• 1D: 0.43%
• 1M: 4.45%
• YTD: 11.57%
• 6M: 11.50%
• 1Y: 28.51%
• 3Y*: 22.16%
• 5Y*: 13.47%
• 10Y*: 15.23%

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

MNZL vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.20%	2.90%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	11.57%	3.34%

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 20, 2025	0.91

Return for Risk

MNZL vs. SPTM — Risk / Return Rank

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

SPTM

SPTM Risk / Return Rank: 74
SPTM Sharpe Ratio Rank: 76
SPTM Sortino Ratio Rank: 74
SPTM Omega Ratio Rank: 74
SPTM Calmar Ratio Rank: 67
SPTM Martin Ratio Rank: 79

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.

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.

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

Sharpe Ratios by Period

	MNZL	SPTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.41	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.46	+2.38

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.

Drawdown Indicators

	MNZL	SPTM	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.04%	-0.25%	-0.79%
Average Drawdown Average peak-to-trough decline	-1.74%	-9.05%	+7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	MNZL	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	11.87%	+3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	16.86%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	18.03%	-2.30%

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 1.03% 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	1.03%	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

Can I hold both MNZL and SPTM in my portfolio?

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.

Which ETF is better, MNZL or SPTM?

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.

Which ETF is cheaper, MNZL or SPTM?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.40% for MNZL.

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

SPTM has the higher dividend yield at 1.03%, compared with 0.03% for MNZL.

What is the main difference between MNZL and SPTM?

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.