SPSK vs. VPV

Last updated Apr 1, 2026

Compare and contrast key facts about SP Funds Dow Jones Global Sukuk ETF (SPSK) and Invesco Pennsylvania Value Municipal Income Trust (VPV).

SPSK is a passively managed fund by SP Funds that tracks the performance of the Dow Jones Sukuk Total Return (No Coupon Reinvestment). It was launched on Dec 30, 2019.

Performance

SPSK vs. VPV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds Dow Jones Global Sukuk ETF (SPSK) and Invesco Pennsylvania Value Municipal Income Trust (VPV). The values are adjusted to include any dividend payments, if applicable.

SPSK vs. VPV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPSK SP Funds Dow Jones Global Sukuk ETF	-1.10%	6.16%	2.95%	3.95%	-7.75%	-1.30%	3.67%	0.02%
VPV Invesco Pennsylvania Value Municipal Income Trust	2.93%	9.96%	9.04%	6.10%	-26.32%	14.57%	1.46%	0.15%

Returns By Period

In the year-to-date period, SPSK achieves a -1.10% return, which is significantly lower than VPV's 2.93% return.

SPSK

• 1D: 0.22%
• 1M: -2.14%
• YTD: -1.10%
• 6M: -0.29%
• 1Y: 3.33%
• 3Y*: 3.54%
• 5Y*: 0.77%
• 10Y*: —

VPV

• 1D: 2.82%
• 1M: -1.34%
• YTD: 2.93%
• 6M: 6.23%
• 1Y: 12.10%
• 3Y*: 8.15%
• 5Y*: 1.31%
• 10Y*: 2.88%

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

Return for Risk

SPSK vs. VPV — Risk / Return Rank

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

SPSK

SPSK Risk / Return Rank: 46
SPSK Sharpe Ratio Rank: 47
SPSK Sortino Ratio Rank: 44
SPSK Omega Ratio Rank: 37
SPSK Calmar Ratio Rank: 51
SPSK Martin Ratio Rank: 54

VPV

VPV Risk / Return Rank: 75
VPV Sharpe Ratio Rank: 79
VPV Sortino Ratio Rank: 71
VPV Omega Ratio Rank: 75
VPV Calmar Ratio Rank: 74
VPV Martin Ratio Rank: 78

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. VPV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and Invesco Pennsylvania Value Municipal Income Trust (VPV). 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	VPV	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.20	-0.40
Sortino ratio Return per unit of downside risk	1.15	1.64	-0.50
Omega ratio Gain probability vs. loss probability	1.14	1.24	-0.10
Calmar ratio Return relative to maximum drawdown	1.21	1.70	-0.49
Martin ratio Return relative to average drawdown	4.90	5.07	-0.17
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. VPV - Sharpe Ratio Comparison

The current SPSK Sharpe Ratio is 0.80, which is lower than the VPV Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of SPSK and VPV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPSK	VPV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.20	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.13	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.36	-0.19

Correlation

The correlation between SPSK and VPV is 0.22, 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.

Dividends

SPSK vs. VPV - Dividend Comparison

SPSK's dividend yield for the trailing twelve months is around 4.04%, less than VPV's 7.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPSK SP Funds Dow Jones Global Sukuk ETF	4.04%	3.63%	3.53%	2.95%	2.22%	2.56%	1.78%	0.00%	0.00%	0.00%	0.00%	0.00%
VPV Invesco Pennsylvania Value Municipal Income Trust	7.57%	7.65%	6.07%	3.81%	5.48%	4.29%	4.61%	4.85%	5.94%	5.15%	6.00%	6.09%

Drawdowns

SPSK vs. VPV - Drawdown Comparison

The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum VPV drawdown of -45.21%. Use the drawdown chart below to compare losses from any high point for SPSK and VPV.

Drawdown Indicators

	SPSK	VPV	Difference
Max Drawdown Largest peak-to-trough decline	-12.83%	-45.21%	+32.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-7.19%	+4.34%
Max Drawdown (5Y) Largest decline over 5 years	-12.45%	-33.08%	+20.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.08%	—
Current Drawdown Current decline from peak	-2.14%	-4.29%	+2.15%
Average Drawdown Average peak-to-trough decline	-3.90%	-8.50%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	2.41%	-1.71%

Volatility

SPSK vs. VPV - Volatility Comparison

The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 1.41%, while Invesco Pennsylvania Value Municipal Income Trust (VPV) has a volatility of 4.80%. This indicates that SPSK experiences smaller price fluctuations and is considered to be less risky than VPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPSK	VPV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	4.80%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	7.10%	-4.62%
Volatility (1Y) Calculated over the trailing 1-year period	4.21%	10.13%	-5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.34%	10.09%	-4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	11.93%	-6.42%