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SPUS vs. ISDW.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPUS vs. ISDW.L

Last updated Jun 4, 2026

SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and ISDW.L (iShares MSCI World Islamic UCITS) are both exchange-traded funds - SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index, while ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index. Both are passively managed. Over the past 5 years, SPUS returned 17.46%/yr vs 12.07%/yr for ISDW.L. A 0.51 correlation means they provide meaningful diversification when combined. SPUS charges 0.45%/yr vs 0.30%/yr for ISDW.L.

Performance

SPUS vs. ISDW.L - 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 iShares MSCI World Islamic UCITS (ISDW.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPUS achieves a 15.82% return, which is significantly lower than ISDW.L's 19.78% return.

SPUS

1D
-0.86%
1M
9.49%
YTD
15.82%
6M
15.21%
1Y
40.24%
3Y*
24.89%
5Y*
17.46%
10Y*
—

ISDW.L

1D
0.34%
1M
9.52%
YTD
19.78%
6M
21.32%
1Y
37.37%
3Y*
18.62%
5Y*
12.07%
10Y*
11.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPUS vs. ISDW.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF		15.82%19.77%26.49%34.24%-22.76%35.92%25.68%0.81%
ISDW.L
iShares MSCI World Islamic UCITS		19.78%19.35%5.72%23.61%-11.80%21.40%8.33%0.72%

Correlation

The correlation between SPUS and ISDW.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.55

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2019

0.51

The correlation between SPUS and ISDW.L shifts across timeframes, from 0.51 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

SPUS vs. ISDW.L - Sectors Allocation Comparison

Sectors
SPUS
ISDW.L

Technology

57.3%
43.8%

Healthcare

11.1%
10.2%

Consumer Cyclical

7.3%
7.1%

Industrials

7.0%
12.7%

Communication Services

6.4%
0.4%

Energy

3.3%
10.9%

Basic Materials

3.0%
9.6%

Consumer Defensive

2.9%
3.7%

Real Estate

1.4%
0.2%

Utilities

0.3%
1.0%

Financial Services

-

0.0%

Technology

SPUS
57.3%
ISDW.L
43.8%

Healthcare

SPUS
11.1%
ISDW.L
10.2%

Consumer Cyclical

SPUS
7.3%
ISDW.L
7.1%

Industrials

SPUS
7.0%
ISDW.L
12.7%

Communication Services

SPUS
6.4%
ISDW.L
0.4%

Energy

SPUS
3.3%
ISDW.L
10.9%

Basic Materials

SPUS
3.0%
ISDW.L
9.6%

Consumer Defensive

SPUS
2.9%
ISDW.L
3.7%

Real Estate

SPUS
1.4%
ISDW.L
0.2%

Utilities

SPUS
0.3%
ISDW.L
1.0%

Financial Services

SPUS

-

ISDW.L
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SP Funds S&P 500 Sharia Industry Exclusions ETF

iShares MSCI World Islamic UCITS

Often compared with SPUS:
SPUS vs. HLALSPUS vs. SPYSPUS vs. VOOSPUS vs. SPTESPUS vs. SPWOSPUS vs. SPRESPUS vs. UMMA
Often compared with ISDW.L:
ISDW.L vs. IGDA.LISDW.L vs. ISDU.LISDW.L vs. SPWOISDW.L vs. ISWD.LISDW.L vs. UMMAISDW.L vs. IITU.LISDW.L vs. VWRD.L

Return for Risk

SPUS vs. ISDW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPUS
SPUS Risk / Return Rank: 8181
Overall Rank
SPUS Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SPUS Sortino Ratio Rank: 8383
Sortino Ratio Rank
SPUS Omega Ratio Rank: 8080
Omega Ratio Rank
SPUS Calmar Ratio Rank: 7474
Calmar Ratio Rank
SPUS Martin Ratio Rank: 8181
Martin Ratio Rank
ISDW.L
ISDW.L Risk / Return Rank: 8686
Overall Rank
ISDW.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ISDW.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
ISDW.L Omega Ratio Rank: 8282
Omega Ratio Rank
ISDW.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
ISDW.L Martin Ratio Rank: 8787
Martin Ratio Rank
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. ISDW.L - 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 iShares MSCI World Islamic UCITS (ISDW.L). 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.

SPUSISDW.LDifference
Sharpe ratioReturn per unit of total volatility
2.86
2.87

-0.01

Sortino ratioReturn per unit of downside risk
3.79
4.00

-0.22

Omega ratioGain probability vs. loss probability

1.49

1.50

-0.01

Calmar ratioReturn relative to maximum drawdown

3.79

5.38

-1.59

Martin ratioReturn relative to average drawdown

16.32

18.76

-2.44

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. ISDW.L - Sharpe Ratio Comparison

The current SPUS Sharpe Ratio is 2.86, which is comparable to the ISDW.L Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of SPUS and ISDW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SPUSISDW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.86

2.87

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.77

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.72

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.46

+0.46

Drawdowns

SPUS vs. ISDW.L - Drawdown Comparison

The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum ISDW.L drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for SPUS and ISDW.L.

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Drawdown Indicators

SPUSISDW.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.80%

-44.87%

+14.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.66%

-6.91%

-3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-22.82%

-18.20%

-4.62%

Max Drawdown (5Y)

Largest decline over 5 years

-28.06%

-22.76%

-5.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.77%

—

Current Drawdown

Current decline from peak

-0.86%

0.00%

-0.86%

Average Drawdown

Average peak-to-trough decline

-6.21%

-5.26%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.47%

1.99%

+0.48%

Volatility

SPUS vs. ISDW.L - Volatility Comparison

The current volatility for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is 4.00%, while iShares MSCI World Islamic UCITS (ISDW.L) has a volatility of 4.51%. This indicates that SPUS experiences smaller price fluctuations and is considered to be less risky than ISDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPUSISDW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

4.51%

-0.51%

Volatility (6M)

Calculated over the trailing 6-month period

10.84%

10.20%

+0.64%

Volatility (1Y)

Calculated over the trailing 1-year period

14.16%

12.99%

+1.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.23%

15.73%

+3.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.28%

15.67%

+5.61%

SPUS vs. ISDW.L - Expense Ratio Comparison

SPUS has a 0.45% expense ratio, which is higher than ISDW.L's 0.30% expense ratio.

Dividends

SPUS vs. ISDW.L - Dividend Comparison

SPUS's dividend yield for the trailing twelve months is around 0.52%, less than ISDW.L's 0.94% yield.

PositionTTM20252024202320222021202020192018201720162015
ISDW.L
iShares MSCI World Islamic UCITS		0.94%1.11%1.38%1.56%2.02%1.47%1.38%1.80%1.87%1.54%1.70%1.77%
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF		0.52%0.60%0.70%0.87%1.21%1.15%1.04%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPUS and ISDW.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISDW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISDW.L is cheaper with a 0.30% expense ratio, compared with 0.45% for SPUS.

SPUS is categorized as S&P 500, while ISDW.L is Global Equities. SPUS tracks S&P 500 Shariah Industry Exclusions Index, while ISDW.L tracks MSCI World Islamic Index. They also come from different issuers: SP Funds and iShares. Their fees differ too: 0.45% for SPUS and 0.30% for ISDW.L.

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