SPTE vs. SPUS

Last updated Aug 2, 2026

SPTE (SP Funds S&P Global Technology ETF) and SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) are both exchange-traded funds - SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index, while SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. Both are passively managed. Over the past year, SPTE returned 46.93% vs 25.03% for SPUS. Their correlation of 0.90 means they have usually moved in the same direction. SPTE charges 0.55%/yr vs 0.45%/yr for SPUS.

Performance

SPTE vs. SPUS - Performance Comparison

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

Returns By Period

In the year-to-date period, SPTE achieves a 28.13% return, which is significantly higher than SPUS's 10.68% return.

SPTE

• 1D: 0.31%
• 1M: -2.92%
• 6M: 22.76%
• YTD: 28.13%
• 1Y: 46.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.20%

SPUS

• 1D: -0.21%
• 1M: -0.54%
• 6M: 9.78%
• YTD: 10.68%
• 1Y: 25.03%
• 3Y*: 20.31%
• 5Y*: 14.52%
• 10Y*: —
• ALL TIME*: 18.05%

*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)
SPTE SP Funds S&P Global Technology ETF	$1.65M	$1.79M	$2.92M
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	$23.25M	$21.17M	$26.78M

SPTE vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	28.13%	26.37%	33.28%	5.52%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	10.68%	19.77%	26.49%	4.18%

Correlation

The correlation between SPTE and SPUS is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.90

The correlation between SPTE and SPUS has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

SPTE vs. SPUS - Sectors Allocation Comparison

Sectors	SPTE	SPUS
Technology	98.7%	59.9%
Industrials	0.5%	6.8%
Healthcare	0.3%	11.4%
Energy	0.1%	2.5%
Basic Materials	-	2.7%
Communication Services	-	5.6%
Consumer Cyclical	-	7.1%
Consumer Defensive	-	2.7%
Financial Services	-	-
Real Estate	-	1.2%
Utilities	-	0.2%

Return for Risk

SPTE vs. SPUS — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 72
SPTE Sharpe Ratio Rank: 73
SPTE Sortino Ratio Rank: 68
SPTE Omega Ratio Rank: 67
SPTE Calmar Ratio Rank: 79
SPTE Martin Ratio Rank: 73

SPUS

SPUS Risk / Return Rank: 63
SPUS Sharpe Ratio Rank: 64
SPUS Sortino Ratio Rank: 62
SPUS Omega Ratio Rank: 60
SPUS Calmar Ratio Rank: 63
SPUS Martin Ratio Rank: 63

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.

SPTE vs. SPUS - Risk-Adjusted Trends Comparison

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

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.

	SPTE	SPUS	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.47	+0.18
Sortino ratio: Return per unit of downside risk	2.21	2.05	+0.16
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.82	2.19	+0.63
Martin ratio: Return relative to average drawdown	9.00	7.52	+1.48

SPTE vs. SPUS - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 1.65, which is comparable to the SPUS Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of SPTE and SPUS, 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

SPTE vs. SPUS - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for SPTE and SPUS.

Drawdown Indicators

	SPTE	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-30.80%	+5.25%
Max Drawdown (1Y) Largest decline over 1 year	-15.84%	-10.66%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.06%	—
Current Drawdown Current decline from peak	-10.73%	-5.26%	-5.47%
Average Drawdown Average peak-to-trough decline	-4.27%	-6.17%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	3.10%	+1.86%

Volatility

SPTE vs. SPUS - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 10.13% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 4.66%. This indicates that SPTE's price experiences larger fluctuations and is considered to be riskier than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTE	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	4.66%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	23.30%	12.81%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.05%	15.89%	+11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.05%	19.49%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.05%	21.26%	+5.79%

SPTE vs. SPUS - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than SPUS's 0.45% expense ratio.

Dividends

SPTE vs. SPUS - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.75%, more than SPUS's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SPTE SP Funds S&P Global Technology ETF	0.75%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.54%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%

Frequently Asked Questions

Can I hold both SPTE and SPUS in my portfolio?

With a correlation of 0.92, SPTE and SPUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPTE or SPUS?

SPTE has higher volatility (10.13%) compared to SPUS (4.66%). In terms of maximum drawdown, SPTE dropped -25.55% vs SPUS's -30.80%.

Which ETF is better, SPTE or SPUS?

On 1-year performance, SPTE leads with 46.93% vs 25.03% for SPUS. On fees, SPUS is cheaper at 0.45% per year. On volatility, SPUS has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or SPUS?

Over the 1-year period, SPTE has performed better with a 46.93% return vs 25.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or SPUS?

SPUS is cheaper with a 0.45% expense ratio, compared with 0.55% for SPTE.

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

SPTE has the higher dividend yield at 0.75%, compared with 0.54% for SPUS.

What is the main difference between SPTE and SPUS?

SPTE is categorized as Technology Equities, while SPUS is S&P 500. SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index, while SPUS tracks S&P 500 Shariah Industry Exclusions Index. Their fees differ too: 0.55% for SPTE and 0.45% for SPUS.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (1.65 vs 1.47), 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.