SPUS vs. SPSK
SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and SPSK (SP Funds Dow Jones Global Sukuk ETF) are both exchange-traded funds - SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index, while SPSK is a Global Bonds fund tracking the Dow Jones Sukuk Total Return Index. Both are passively managed. Over the past 5 years, SPUS returned 15.21%/yr vs 0.89%/yr for SPSK. Their 0.22 correlation means their historical movements had little consistent relationship. SPUS charges 0.45%/yr vs 0.50%/yr for SPSK.
Performance
SPUS vs. SPSK - Performance Comparison
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Returns By Period
In the year-to-date period, SPUS achieves a 15.14% return, which is significantly higher than SPSK's 0.05% return.
SPUS
- 1D
- 0.00%
- 1M
- 2.51%
- 6M
- 15.90%
- YTD
- 15.14%
- 1Y
- 28.57%
- 3Y*
- 23.09%
- 5Y*
- 15.21%
- 10Y*
- —
- ALL TIME*
- 18.71%
SPSK
- 1D
- 0.03%
- 1M
- -0.38%
- 6M
- 0.07%
- YTD
- 0.05%
- 1Y
- 1.93%
- 3Y*
- 4.06%
- 5Y*
- 0.89%
- 10Y*
- —
- ALL TIME*
- 1.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.05M | $3.65M | $5.83M | |
| $39.11M | $27.53M | $28.71M |
SPUS vs. SPSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 15.14% | 19.77% | 26.49% | 34.24% | -22.76% | 35.92% | 25.68% | -0.83% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 0.05% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.25% |
Correlation
The correlation between SPUS and SPSK is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.22 |
The correlation between SPUS and SPSK shifts across timeframes, from 0.18 (5 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPUS vs. SPSK — Risk / Return Rank
SPUS
SPSK
SPUS vs. SPSK - 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 SP Funds Dow Jones Global Sukuk ETF (SPSK). 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.
| SPUS | SPSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.68 | +2.01 |
| Martin ratioReturn relative to average drawdown | 9.20 | 2.03 | +7.17 |
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Drawdowns
SPUS vs. SPSK - Drawdown Comparison
The maximum SPUS drawdown since its inception was -30.80%, which is greater than SPSK's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for SPUS and SPSK.
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Drawdown Indicators
| SPUS | SPSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -12.83% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -2.85% | -7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -3.02% | -19.80% |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | -12.45% | -15.61% |
Current DrawdownCurrent decline from peak | -1.44% | -1.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -3.75% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 0.95% | +2.16% |
Volatility
SPUS vs. SPSK - Volatility Comparison
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 5.30% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 0.75%. This indicates that SPUS's price experiences larger fluctuations and is considered to be riskier than SPSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPUS | SPSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 0.75% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 2.47% | +10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 3.66% | +12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 5.26% | +14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 5.41% | +15.86% |
SPUS vs. SPSK - Expense Ratio Comparison
SPUS has a 0.45% expense ratio, which is lower than SPSK's 0.50% expense ratio.
Dividends
SPUS vs. SPSK - Dividend Comparison
SPUS's dividend yield for the trailing twelve months is around 0.52%, less than SPSK's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.49% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.52% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% |
Frequently Asked Questions
SPUS and SPSK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPUS has higher volatility (5.30%) compared to SPSK (0.75%). In terms of maximum drawdown, SPUS dropped -30.80% vs SPSK's -12.83%.
On 5-year performance, SPUS leads with 15.21% vs 0.89% for SPSK. On fees, SPUS is cheaper at 0.45% per year. On volatility, SPSK has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPUS has performed better with a 15.21% return vs 0.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPUS is cheaper with a 0.45% expense ratio, compared with 0.50% for SPSK.
SPSK has the higher dividend yield at 4.49%, compared with 0.52% for SPUS.
SPUS is categorized as S&P 500, while SPSK is Global Bonds. SPUS tracks S&P 500 Shariah Industry Exclusions Index, while SPSK tracks Dow Jones Sukuk Total Return Index. Their fees differ too: 0.45% for SPUS and 0.50% for SPSK.
SPUS currently has the higher Sharpe Ratio (1.80 vs 0.53), 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.
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