SPTE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and S&P 500 Index (^GSPC).

SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023.

Performance

SPTE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SPTE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	-0.51%	26.37%	33.28%	5.24%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	3.81%

Returns By Period

In the year-to-date period, SPTE achieves a -0.51% return, which is significantly higher than ^GSPC's -3.95% return.

SPTE

• 1D: 0.95%
• 1M: -5.87%
• YTD: -0.51%
• 6M: 1.13%
• 1Y: 38.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

SPTE vs. ^GSPC — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 80
SPTE Sharpe Ratio Rank: 77
SPTE Sortino Ratio Rank: 80
SPTE Omega Ratio Rank: 74
SPTE Calmar Ratio Rank: 87
SPTE Martin Ratio Rank: 84

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

SPTE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) and S&P 500 Index (^GSPC). 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.

	SPTE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.44	0.92	+0.53
Sortino ratio Return per unit of downside risk	2.12	1.41	+0.70
Omega ratio Gain probability vs. loss probability	1.29	1.21	+0.07
Calmar ratio Return relative to maximum drawdown	2.83	1.41	+1.42
Martin ratio Return relative to average drawdown	9.93	6.61	+3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPTE vs. ^GSPC - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 1.44, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SPTE and ^GSPC, 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

	SPTE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	0.92	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.46	+0.62

Correlation

The correlation between SPTE and ^GSPC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

SPTE vs. ^GSPC - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPTE and ^GSPC.

Drawdown Indicators

	SPTE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-56.78%	+31.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.05%	-12.14%	-1.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-9.07%	-5.78%	-3.29%
Average Drawdown Average peak-to-trough decline	-4.26%	-10.75%	+6.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.60%	+1.41%

Volatility

SPTE vs. ^GSPC - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 8.89% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that SPTE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	5.37%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	16.89%	9.55%	+7.34%
Volatility (1Y) Calculated over the trailing 1-year period	27.00%	18.33%	+8.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.73%	16.90%	+8.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.73%	18.05%	+7.68%