SPSK vs. SPTE

Last updated Jun 4, 2026

SPSK (SP Funds Dow Jones Global Sukuk ETF) and SPTE (SP Funds S&P Global Technology ETF) are both exchange-traded funds - SPSK is a Global Bonds fund tracking the Dow Jones Sukuk Total Return (No Coupon Reinvestment), while SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. Both are passively managed. Over the past year, SPSK returned 3.74% vs 74.41% for SPTE. At a 0.13 correlation, their price movements are largely independent. SPSK charges 0.50%/yr vs 0.55%/yr for SPTE.

Performance

SPSK vs. SPTE - Performance Comparison

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

Returns By Period

In the year-to-date period, SPSK achieves a 0.03% return, which is significantly lower than SPTE's 41.79% return.

SPSK

• 1D: -0.22%
• 1M: 0.40%
• YTD: 0.03%
• 6M: -0.08%
• 1Y: 3.74%
• 3Y*: 3.95%
• 5Y*: 0.83%
• 10Y*: —

SPTE

• 1D: -1.21%
• 1M: 17.88%
• YTD: 41.79%
• 6M: 41.30%
• 1Y: 74.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPSK vs. SPTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPSK SP Funds Dow Jones Global Sukuk ETF	0.03%	6.16%	2.95%	1.90%
SPTE SP Funds S&P Global Technology ETF	41.79%	26.37%	33.28%	5.24%

Correlation

The correlation between SPSK and SPTE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 4, 2023	0.13

The correlation between SPSK and SPTE shifts across timeframes, from 0.13 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SPSK vs. SPTE — Risk / Return Rank

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

SPSK

SPSK Risk / Return Rank: 27
SPSK Sharpe Ratio Rank: 27
SPSK Sortino Ratio Rank: 26
SPSK Omega Ratio Rank: 24
SPSK Calmar Ratio Rank: 27
SPSK Martin Ratio Rank: 30

SPTE

SPTE Risk / Return Rank: 89
SPTE Sharpe Ratio Rank: 92
SPTE Sortino Ratio Rank: 89
SPTE Omega Ratio Rank: 85
SPTE Calmar Ratio Rank: 89
SPTE Martin Ratio Rank: 88

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.

SPSK vs. SPTE - Risk-Adjusted Trends Comparison

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

	SPSK	SPTE	Difference
Sharpe ratio: Return per unit of total volatility	0.98	3.40	-2.42
Sortino ratio: Return per unit of downside risk	1.43	4.16	-2.73
Omega ratio: Gain probability vs. loss probability	1.17	1.53	-0.36
Calmar ratio: Return relative to maximum drawdown	1.32	5.42	-4.10
Martin ratio: Return relative to average drawdown	4.43	19.85	-15.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPSK vs. SPTE - Sharpe Ratio Comparison

The current SPSK Sharpe Ratio is 0.98, which is lower than the SPTE Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of SPSK and SPTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPSK	SPTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	3.40	-2.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.74	-1.54

Drawdowns

SPSK vs. SPTE - Drawdown Comparison

The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum SPTE drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for SPSK and SPTE.

Drawdown Indicators

	SPSK	SPTE	Difference
Max Drawdown Largest peak-to-trough decline	-12.83%	-25.55%	+12.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-13.80%	+10.95%
Max Drawdown (3Y) Largest decline over 3 years	-3.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.45%	—	—
Current Drawdown Current decline from peak	-1.03%	-1.21%	+0.18%
Average Drawdown Average peak-to-trough decline	-3.83%	-4.06%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	3.76%	-2.92%

Volatility

SPSK vs. SPTE - Volatility Comparison

The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 0.96%, while SP Funds S&P Global Technology ETF (SPTE) has a volatility of 7.69%. This indicates that SPSK experiences smaller price fluctuations and is considered to be less risky than SPTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPSK	SPTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	7.69%	-6.73%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	17.70%	-15.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.84%	22.02%	-18.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.29%	25.82%	-20.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	25.82%	-20.36%

SPSK vs. SPTE - Expense Ratio Comparison

SPSK has a 0.50% expense ratio, which is lower than SPTE's 0.55% expense ratio.

Dividends

SPSK vs. SPTE - Dividend Comparison

SPSK's dividend yield for the trailing twelve months is around 4.24%, more than SPTE's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SPSK SP Funds Dow Jones Global Sukuk ETF	4.24%	3.63%	3.53%	2.95%	2.22%	2.56%	1.78%
SPTE SP Funds S&P Global Technology ETF	0.67%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPSK and SPTE in my portfolio?

SPSK and SPTE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPSK or SPTE?

SPTE has higher volatility (7.69%) compared to SPSK (0.96%). In terms of maximum drawdown, SPSK dropped -12.83% vs SPTE's -25.55%.

Which ETF is better, SPSK or SPTE?

On 1-year performance, SPTE leads with 74.41% vs 3.74% for SPSK. On fees, SPSK is cheaper at 0.50% per year. On volatility, SPSK has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPSK or SPTE?

Over the 1-year period, SPTE has performed better with a 74.41% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPSK or SPTE?

SPSK is cheaper with a 0.50% expense ratio, compared with 0.55% for SPTE.

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

SPSK has the higher dividend yield at 4.24%, compared with 0.67% for SPTE.

What is the main difference between SPSK and SPTE?

SPSK is categorized as Global Bonds, while SPTE is Technology Equities. SPSK tracks Dow Jones Sukuk Total Return (No Coupon Reinvestment), while SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. Their fees differ too: 0.50% for SPSK and 0.55% for SPTE.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (3.40 vs 0.98), 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.