SPRE vs. VOO

Last updated Aug 2, 2026

SPRE (SP Funds S&P Global REIT Sharia ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SPRE returned 1.19%/yr vs 12.83%/yr for VOO. Their 0.57 correlation means they have sometimes moved together and sometimes differently. SPRE charges 0.50%/yr vs 0.03%/yr for VOO.

Performance

SPRE vs. VOO - 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 Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPRE achieves a 12.16% return, which is significantly higher than VOO's 10.16% return.

SPRE

• 1D: -0.42%
• 1M: 0.92%
• 6M: 9.32%
• YTD: 12.16%
• 1Y: 18.13%
• 3Y*: 7.45%
• 5Y*: 1.19%
• 10Y*: —
• ALL TIME*: 5.04%

VOO

• 1D: 0.71%
• 1M: 0.26%
• 6M: 8.58%
• YTD: 10.16%
• 1Y: 21.58%
• 3Y*: 19.42%
• 5Y*: 12.83%
• 10Y*: 15.14%
• ALL TIME*: 14.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPRE SP Funds S&P Global REIT Sharia ETF	$1.28M	$1.14M	$1.61M
VOO Vanguard S&P 500 ETF	$3.82B	$3.78B	$5.44B

SPRE vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPRE SP Funds S&P Global REIT Sharia ETF	12.16%	3.07%	2.11%	9.40%	-29.48%	44.78%	-0.17%
VOO Vanguard S&P 500 ETF	10.16%	17.82%	24.98%	26.32%	-18.17%	28.79%	0.67%

Correlation

The correlation between SPRE and VOO is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020	0.57

Over the past year, the correlation between SPRE and VOO has dropped to 0.32 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

SPRE vs. VOO - Sectors Allocation Comparison

Sectors	SPRE	VOO
Real Estate	84.7%	1.8%
Basic Materials	4.7%	1.7%
Utilities	0.6%	2.2%
Consumer Cyclical	-	9.5%
Consumer Defensive	-	4.5%
Energy	-	3.0%
Healthcare	-	8.9%
Industrials	-	8.5%
Technology	-	38.6%
Financial Services	-0.0%	11.4%
Communication Services	-1.0%	9.9%

Return for Risk

SPRE vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPRE

SPRE Risk / Return Rank: 54
SPRE Sharpe Ratio Rank: 56
SPRE Sortino Ratio Rank: 54
SPRE Omega Ratio Rank: 53
SPRE Calmar Ratio Rank: 51
SPRE Martin Ratio Rank: 56

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 68
VOO Sortino Ratio Rank: 65
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPRE vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.53	-0.21
Sortino ratio: Return per unit of downside risk	1.88	2.13	-0.25
Omega ratio: Gain probability vs. loss probability	1.23	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.81	2.21	-0.40
Martin ratio: Return relative to average drawdown	6.62	9.44	-2.81

SPRE vs. VOO - Sharpe Ratio Comparison

The current SPRE Sharpe Ratio is 1.33, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SPRE and VOO, 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. VOO - Drawdown Comparison

The maximum SPRE drawdown since its inception was -38.34%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPRE and VOO.

Drawdown Indicators

	SPRE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-38.34%	-33.99%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-8.90%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-18.69%	-3.35%
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	-24.52%	-13.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-8.95%	-1.38%	-7.57%
Average Drawdown Average peak-to-trough decline	-17.68%	-3.67%	-14.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.08%	+0.55%

Volatility

SPRE vs. VOO - Volatility Comparison

SP Funds S&P Global REIT Sharia ETF (SPRE) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.37% and 3.54%, 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.

Volatility by Period

	SPRE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.54%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	10.10%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.24%	12.82%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	16.93%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	18.01%	+0.27%

SPRE vs. VOO - Expense Ratio Comparison

SPRE has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

SPRE vs. VOO - Dividend Comparison

SPRE's dividend yield for the trailing twelve months is around 3.74%, more than VOO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPRE SP Funds S&P Global REIT Sharia ETF	3.74%	4.10%	4.13%	4.16%	4.17%	2.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.07%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both SPRE and VOO in my portfolio?

SPRE and VOO have a correlation of 0.32, 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 VOO?

VOO has higher volatility (3.54%) compared to SPRE (3.37%). In terms of maximum drawdown, SPRE dropped -38.34% vs VOO's -33.99%.

Which ETF is better, SPRE or VOO?

On 5-year performance, VOO leads with 12.83% vs 1.19% for SPRE. On fees, VOO is cheaper at 0.03% per year. On volatility, SPRE has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPRE or VOO?

Over the 5-year period, VOO has performed better with a 12.83% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPRE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.50% for SPRE.

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

SPRE has the higher dividend yield at 3.74%, compared with 1.07% for VOO.

What is the main difference between SPRE and VOO?

SPRE is categorized as REIT, while VOO is S&P 500. SPRE tracks S&P Global All Equity REIT Shariah Capped Index, while VOO tracks S&P 500 Index. They also come from different issuers: SP Funds and Vanguard. Their fees differ too: 0.50% for SPRE and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.53 vs 1.33), 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.