SPUS vs. ^SP500TR

Last updated Apr 2, 2026

Compare and contrast key facts about SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and S&P 500 Total Return (^SP500TR).

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.

Performance

SPUS vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

SPUS vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	-4.61%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.81%
^SP500TR S&P 500 Total Return	-3.64%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	1.29%

Returns By Period

In the year-to-date period, SPUS achieves a -4.61% return, which is significantly lower than ^SP500TR's -3.64% return.

SPUS

• 1D: 1.00%
• 1M: -4.58%
• YTD: -4.61%
• 6M: -2.12%
• 1Y: 25.37%
• 3Y*: 19.73%
• 5Y*: 13.95%
• 10Y*: —

^SP500TR

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.64%
• 6M: -1.43%
• 1Y: 18.20%
• 3Y*: 18.60%
• 5Y*: 11.96%
• 10Y*: 14.17%

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

Return for Risk

SPUS vs. ^SP500TR — Risk / Return Rank

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

SPUS

SPUS Risk / Return Rank: 72
SPUS Sharpe Ratio Rank: 67
SPUS Sortino Ratio Rank: 72
SPUS Omega Ratio Rank: 71
SPUS Calmar Ratio Rank: 75
SPUS Martin Ratio Rank: 77

^SP500TR

^SP500TR Risk / Return Rank: 72
^SP500TR Sharpe Ratio Rank: 66
^SP500TR Sortino Ratio Rank: 69
^SP500TR Omega Ratio Rank: 74
^SP500TR Calmar Ratio Rank: 67
^SP500TR Martin Ratio Rank: 83

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.

SPUS vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and S&P 500 Total Return (^SP500TR). 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.

	SPUS	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.00	+0.22
Sortino ratio Return per unit of downside risk	1.85	1.52	+0.33
Omega ratio Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio Return relative to maximum drawdown	2.02	1.54	+0.48
Martin ratio Return relative to average drawdown	8.55	7.32	+1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPUS vs. ^SP500TR - Sharpe Ratio Comparison

The current SPUS Sharpe Ratio is 1.22, which is comparable to the ^SP500TR Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of SPUS and ^SP500TR, 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

	SPUS	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.00	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.71	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.62	+0.14

Correlation

The correlation between SPUS and ^SP500TR is 0.95, 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

SPUS vs. ^SP500TR - Drawdown Comparison

The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SPUS and ^SP500TR.

Drawdown Indicators

	SPUS	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-30.80%	-55.25%	+24.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-12.12%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-28.06%	-24.49%	-3.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-6.85%	-5.55%	-1.30%
Average Drawdown Average peak-to-trough decline	-6.35%	-8.20%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.55%	+0.46%

Volatility

SPUS vs. ^SP500TR - Volatility Comparison

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 6.10% compared to S&P 500 Total Return (^SP500TR) at 5.38%. This indicates that SPUS's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPUS	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	5.38%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	9.55%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	18.32%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	16.90%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.43%	18.05%	+3.38%