SPUS vs. KSA
Compare and contrast key facts about SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and iShares MSCI Saudi Arabia ETF (KSA).
SPUS and KSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. KSA is a passively managed fund by iShares that tracks the performance of the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index. It was launched on Sep 16, 2015. Both SPUS and KSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPUS or KSA.
Key characteristics
| SPUS | KSA | |
|---|---|---|
| YTD Return | 10.02% | 2.65% |
| 1Y Return | 29.65% | 8.78% |
| 3Y Return (Ann) | 11.80% | 6.82% |
| Sharpe Ratio | 2.15 | 0.63 |
| Daily Std Dev | 13.47% | 13.99% |
| Max Drawdown | -30.80% | -40.56% |
| Current Drawdown | -1.31% | -11.09% |
Correlation
The correlation between SPUS and KSA is 0.38, 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.
Performance
SPUS vs. KSA - Performance Comparison
In the year-to-date period, SPUS achieves a 10.02% return, which is significantly higher than KSA's 2.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPUS vs. KSA - Expense Ratio Comparison
SPUS has a 0.49% expense ratio, which is lower than KSA's 0.74% expense ratio.
Risk-Adjusted Performance
SPUS vs. KSA - Risk-Adjusted Performance 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 Saudi Arabia ETF (KSA). 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.
Dividends
SPUS vs. KSA - Dividend Comparison
SPUS's dividend yield for the trailing twelve months is around 0.79%, less than KSA's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.79% | 0.87% | 1.21% | 0.93% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.38% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Drawdowns
SPUS vs. KSA - Drawdown Comparison
The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum KSA drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for SPUS and KSA. For additional features, visit the drawdowns tool.
Volatility
SPUS vs. KSA - Volatility Comparison
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 5.01% compared to iShares MSCI Saudi Arabia ETF (KSA) at 3.86%. This indicates that SPUS's price experiences larger fluctuations and is considered to be riskier than KSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.