SPSK vs. SPUS
Compare and contrast key facts about SP Funds Dow Jones Global Sukuk ETF (SPSK) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
SPSK and SPUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. Both SPSK and SPUS 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: SPSK or SPUS.
Key characteristics
| SPSK | SPUS | |
|---|---|---|
| YTD Return | -0.90% | 10.02% |
| 1Y Return | 1.14% | 29.65% |
| 3Y Return (Ann) | -1.78% | 11.80% |
| Sharpe Ratio | 0.20 | 2.15 |
| Daily Std Dev | 6.59% | 13.47% |
| Max Drawdown | -12.83% | -30.80% |
| Current Drawdown | -6.29% | -1.31% |
Correlation
The correlation between SPSK and SPUS is 0.23, 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.
Performance
SPSK vs. SPUS - Performance Comparison
In the year-to-date period, SPSK achieves a -0.90% return, which is significantly lower than SPUS's 10.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPSK vs. SPUS - Expense Ratio Comparison
SPSK has a 0.65% expense ratio, which is higher than SPUS's 0.49% expense ratio.
Risk-Adjusted Performance
SPSK vs. SPUS - Risk-Adjusted Performance 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 500 Sharia Industry Exclusions ETF (SPUS). 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
SPSK vs. SPUS - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 3.00%, more than SPUS's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 3.00% | 2.95% | 2.22% | 2.56% | 1.68% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.79% | 0.87% | 1.21% | 0.93% | 1.04% |
Drawdowns
SPSK vs. SPUS - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for SPSK and SPUS. For additional features, visit the drawdowns tool.
Volatility
SPSK vs. SPUS - Volatility Comparison
The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 2.16%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 5.01%. This indicates that SPSK experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.