SPRE vs. SPSK
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and SP Funds Dow Jones Global Sukuk ETF (SPSK).
SPRE and SPSK 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. SPSK is a passively managed fund by Toroso Investments that tracks the performance of the Dow Jones Sukuk Total Return (No Coupon Reinvestment). It was launched on Dec 30, 2019. Both SPRE and SPSK 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 SPSK.
Performance
SPRE vs. SPSK - Performance Comparison
Returns By Period
In the year-to-date period, SPRE achieves a 7.62% return, which is significantly higher than SPSK's 2.43% return.
SPRE
7.62%
-0.31%
12.35%
21.48%
N/A
N/A
SPSK
2.43%
-0.38%
2.90%
5.70%
N/A
N/A
Key characteristics
| SPRE | SPSK | |
|---|---|---|
| Sharpe Ratio | 1.36 | 0.88 |
| Sortino Ratio | 1.97 | 1.34 |
| Omega Ratio | 1.24 | 1.15 |
| Calmar Ratio | 0.69 | 0.73 |
| Martin Ratio | 5.38 | 6.62 |
| Ulcer Index | 4.06% | 0.92% |
| Daily Std Dev | 16.08% | 6.99% |
| Max Drawdown | -38.34% | -12.83% |
| Current Drawdown | -16.98% | -3.13% |
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SPRE vs. SPSK - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than SPSK's 0.65% expense ratio.
Correlation
The correlation between SPRE and SPSK is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SPRE vs. SPSK - 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 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.
Dividends
SPRE vs. SPSK - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 3.99%, more than SPSK's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 3.99% | 4.16% | 4.17% | 2.83% | 0.00% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 2.93% | 2.95% | 2.22% | 2.56% | 1.78% |
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. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. SPSK - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) has a higher volatility of 4.54% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 1.92%. 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.