SPRE vs. RITA
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and ETFB Green SRI REITs ETF (RITA).
SPRE and RITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RITA is a passively managed fund by ETFB that tracks the performance of the FTSE EPRA Nareit IdealRatings Developed REITs Islamic Green Capped Index - Benchmark TR Gross. It was launched on Dec 8, 2021. Both SPRE and RITA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRE or RITA.
Correlation
The correlation between SPRE and RITA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPRE vs. RITA - Performance Comparison
Key characteristics
SPRE:
0.19
RITA:
0.48
SPRE:
0.39
RITA:
0.78
SPRE:
1.05
RITA:
1.10
SPRE:
0.11
RITA:
0.28
SPRE:
0.55
RITA:
1.17
SPRE:
6.48%
RITA:
7.01%
SPRE:
18.49%
RITA:
17.00%
SPRE:
-38.34%
RITA:
-35.92%
SPRE:
-25.75%
RITA:
-22.71%
Returns By Period
In the year-to-date period, SPRE achieves a -5.74% return, which is significantly lower than RITA's -2.19% return.
SPRE
-5.74%
-6.40%
-12.62%
5.09%
N/A
N/A
RITA
-2.19%
-3.40%
-10.65%
8.99%
N/A
N/A
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SPRE vs. RITA - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than RITA's 0.50% expense ratio.
Risk-Adjusted Performance
SPRE vs. RITA — Risk-Adjusted Performance Rank
SPRE
RITA
SPRE vs. RITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) and ETFB Green SRI REITs ETF (RITA). 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.
Dividends
SPRE vs. RITA - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 4.42%, more than RITA's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 4.42% | 4.13% | 4.16% | 4.17% | 2.83% |
RITA ETFB Green SRI REITs ETF | 3.02% | 3.12% | 3.25% | 2.41% | 0.20% |
Drawdowns
SPRE vs. RITA - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, which is greater than RITA's maximum drawdown of -35.92%. Use the drawdown chart below to compare losses from any high point for SPRE and RITA. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. RITA - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) and ETFB Green SRI REITs ETF (RITA) have volatilities of 10.74% and 10.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.