SPRE vs. SPSK

Last updated Jun 19, 2026

SPRE (SP Funds S&P Global REIT Sharia ETF) and SPSK (SP Funds Dow Jones Global Sukuk ETF) are both exchange-traded funds - SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index, while SPSK is a Global Bonds fund tracking the Dow Jones Sukuk Total Return (No Coupon Reinvestment). Both are passively managed. Over the past 5 years, SPRE returned 1.92%/yr vs 0.96%/yr for SPSK. At a 0.23 correlation, their price movements are largely independent. SPRE charges 0.69%/yr vs 0.50%/yr for SPSK.

Performance

SPRE vs. SPSK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global REIT Sharia ETF (SPRE) and SP Funds Dow Jones Global Sukuk ETF (SPSK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRE achieves a 10.06% return, which is significantly higher than SPSK's 0.23% return.

SPRE

• 1D: 0.09%
• 1M: 1.47%
• YTD: 10.06%
• 6M: 11.44%
• 1Y: 12.89%
• 3Y*: 6.62%
• 5Y*: 1.92%
• 10Y*: —

SPSK

• 1D: 0.25%
• 1M: 0.71%
• YTD: 0.23%
• 6M: 0.37%
• 1Y: 3.77%
• 3Y*: 4.09%
• 5Y*: 0.96%
• 10Y*: —

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

SPRE vs. SPSK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPRE SP Funds S&P Global REIT Sharia ETF	10.06%	3.07%	2.11%	9.40%	-29.48%	44.78%	-0.17%
SPSK SP Funds Dow Jones Global Sukuk ETF	0.23%	6.16%	2.95%	3.95%	-7.75%	-1.30%	-0.03%

Correlation

The correlation between SPRE and SPSK is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020	0.23

The correlation between SPRE and SPSK shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SPRE vs. SPSK — Risk / Return Rank

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

SPRE

SPRE Risk / Return Rank: 28
SPRE Sharpe Ratio Rank: 28
SPRE Sortino Ratio Rank: 26
SPRE Omega Ratio Rank: 25
SPRE Calmar Ratio Rank: 28
SPRE Martin Ratio Rank: 33

SPSK

SPSK Risk / Return Rank: 28
SPSK Sharpe Ratio Rank: 29
SPSK Sortino Ratio Rank: 27
SPSK Omega Ratio Rank: 25
SPSK Calmar Ratio Rank: 28
SPSK Martin Ratio Rank: 31

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.

SPRE vs. SPSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) and SP Funds Dow Jones Global Sukuk ETF (SPSK). 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.

	SPRE	SPSK	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.99	-0.04
Sortino ratio: Return per unit of downside risk	1.38	1.44	-0.07
Omega ratio: Gain probability vs. loss probability	1.17	1.17	0.00
Calmar ratio: Return relative to maximum drawdown	1.34	1.33	+0.02
Martin ratio: Return relative to average drawdown	4.65	4.34	+0.31

SPRE vs. SPSK - Sharpe Ratio Comparison

The current SPRE Sharpe Ratio is 0.95, which is comparable to the SPSK Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of SPRE and SPSK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPRE vs. SPSK - Drawdown Comparison

The maximum SPRE drawdown since its inception was -38.34%, which is greater than SPSK's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for SPRE and SPSK.

Drawdown Indicators

	SPRE	SPSK	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-12.83%	-25.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-2.85%	-6.78%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-3.17%	-18.87%
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	-12.45%	-25.89%
Current Drawdown Current decline from peak	-10.65%	-0.83%	-9.82%
Average Drawdown Average peak-to-trough decline	-17.85%	-3.80%	-14.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	0.87%	+1.91%

Volatility

SPRE vs. SPSK - Volatility Comparison

SP Funds S&P Global REIT Sharia ETF (SPRE) has a higher volatility of 4.70% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 0.92%. This indicates that SPRE's price experiences larger fluctuations and is considered to be riskier than SPSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPRE	SPSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	0.92%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	2.50%	+7.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	3.84%	+9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	5.29%	+13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	5.45%	+12.96%

SPRE vs. SPSK - Expense Ratio Comparison

SPRE has a 0.69% expense ratio, which is higher than SPSK's 0.50% expense ratio.

Dividends

SPRE vs. SPSK - Dividend Comparison

SPRE's dividend yield for the trailing twelve months is around 3.78%, less than SPSK's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SPRE SP Funds S&P Global REIT Sharia ETF	3.78%	4.10%	4.13%	4.16%	4.17%	2.83%	0.00%
SPSK SP Funds Dow Jones Global Sukuk ETF	4.23%	3.63%	3.53%	2.95%	2.22%	2.56%	1.78%

Frequently Asked Questions

Can I hold both SPRE and SPSK in my portfolio?

SPRE and SPSK have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPRE or SPSK?

SPRE has higher volatility (4.70%) compared to SPSK (0.92%). In terms of maximum drawdown, SPRE dropped -38.34% vs SPSK's -12.83%.

Which ETF is better, SPRE or SPSK?

On 5-year performance, SPRE leads with 1.92% vs 0.96% for SPSK. On fees, SPSK is cheaper at 0.50% per year. On volatility, SPSK has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRE or SPSK?

Over the 5-year period, SPRE has performed better with a 1.92% return vs 0.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRE or SPSK?

SPSK is cheaper with a 0.50% expense ratio, compared with 0.69% for SPRE.

Which ETF pays a higher dividend yield, SPRE or SPSK?

SPSK has the higher dividend yield at 4.23%, compared with 3.78% for SPRE.

What is the main difference between SPRE and SPSK?

SPRE is categorized as REIT, while SPSK is Global Bonds. SPRE tracks S&P Global All Equity REIT Shariah Capped Index, while SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment). They also come from different issuers: Toroso Investments and SP Funds. Their fees differ too: 0.69% for SPRE and 0.50% for SPSK.

Which has better risk-adjusted returns?

SPSK currently has the higher Sharpe Ratio (0.99 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.