SPUS vs. SPYM

Last updated Jun 4, 2026

SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both S&P 500 funds - SPUS tracks the S&P 500 Shariah Industry Exclusions Index while SPYM tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPUS returned 17.46%/yr vs 13.91%/yr for SPYM. Their correlation of 0.95 suggests significant overlap in exposure. SPUS charges 0.45%/yr vs 0.02%/yr for SPYM.

Performance

SPUS vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPUS achieves a 15.82% return, which is significantly higher than SPYM's 10.98% return.

SPUS

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

SPYM

• 1D: -0.66%
• 1M: 5.06%
• YTD: 10.98%
• 6M: 10.98%
• 1Y: 28.09%
• 3Y*: 22.46%
• 5Y*: 13.91%
• 10Y*: 15.62%

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

SPUS vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%
SPYM State Street SPDR Portfolio S&P 500 ETF	10.98%	17.79%	25.00%	26.24%	-18.09%	28.78%	18.49%	1.33%

Correlation

The correlation between SPUS and SPYM is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019	0.95

The correlation between SPUS and SPYM has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

SPUS vs. SPYM - Sectors Allocation Comparison

Sectors	SPUS	SPYM
Technology	57.3%	38.5%
Healthcare	11.1%	8.4%
Consumer Cyclical	7.3%	9.9%
Industrials	7.0%	7.6%
Communication Services	6.4%	10.6%
Energy	3.3%	3.2%
Basic Materials	3.0%	1.7%
Consumer Defensive	2.9%	4.6%
Real Estate	1.4%	1.8%
Utilities	0.3%	2.5%
Financial Services	-	11.1%

Return for Risk

SPUS vs. SPYM — Risk / Return Rank

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

SPUS

SPUS Risk / Return Rank: 81
SPUS Sharpe Ratio Rank: 85
SPUS Sortino Ratio Rank: 83
SPUS Omega Ratio Rank: 80
SPUS Calmar Ratio Rank: 74
SPUS Martin Ratio Rank: 81

SPYM

SPYM Risk / Return Rank: 70
SPYM Sharpe Ratio Rank: 71
SPYM Sortino Ratio Rank: 70
SPYM Omega Ratio Rank: 71
SPYM Calmar Ratio Rank: 62
SPYM Martin Ratio Rank: 76

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. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). 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	SPYM	Difference
Sharpe ratio Return per unit of total volatility	2.86	2.39	+0.46
Sortino ratio Return per unit of downside risk	3.79	3.27	+0.52
Omega ratio Gain probability vs. loss probability	1.49	1.44	+0.06
Calmar ratio Return relative to maximum drawdown	3.79	3.17	+0.62
Martin ratio Return relative to average drawdown	16.32	14.76	+1.56
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. SPYM - Sharpe Ratio Comparison

The current SPUS Sharpe Ratio is 2.86, which is comparable to the SPYM Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SPUS and SPYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPUS	SPYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	2.39	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.83	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.62	+0.30

Drawdowns

SPUS vs. SPYM - Drawdown Comparison

The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for SPUS and SPYM.

Drawdown Indicators

	SPUS	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-30.80%	-54.46%	+23.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	-8.90%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.82%	-18.72%	-4.10%
Max Drawdown (5Y) Largest decline over 5 years	-28.06%	-24.48%	-3.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-0.86%	-0.66%	-0.20%
Average Drawdown Average peak-to-trough decline	-6.21%	-7.15%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	1.91%	+0.56%

Volatility

SPUS vs. SPYM - Volatility Comparison

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 4.00% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 2.83%. This indicates that SPUS's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPUS	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	2.83%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	8.90%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	11.80%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	16.80%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	18.00%	+3.28%

SPUS vs. SPYM - Expense Ratio Comparison

SPUS has a 0.45% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

SPUS vs. SPYM - Dividend Comparison

SPUS's dividend yield for the trailing twelve months is around 0.52%, less than SPYM's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.00%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both SPUS and SPYM in my portfolio?

With a correlation of 0.94, SPUS and SPYM 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, SPUS or SPYM?

SPUS has higher volatility (4.00%) compared to SPYM (2.83%). In terms of maximum drawdown, SPUS dropped -30.80% vs SPYM's -54.46%.

Which ETF is better, SPUS or SPYM?

On 5-year performance, SPUS leads with 17.46% vs 13.91% for SPYM. On fees, SPYM is cheaper at 0.02% per year. On volatility, SPYM has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPUS or SPYM?

Over the 5-year period, SPUS has performed better with a 17.46% return vs 13.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPUS or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.45% for SPUS.

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

SPYM has the higher dividend yield at 1.00%, compared with 0.52% for SPUS.

What is the main difference between SPUS and SPYM?

SPUS tracks S&P 500 Shariah Industry Exclusions Index, while SPYM tracks S&P 500 Index. They also come from different issuers: SP Funds and State Street. Their fees differ too: 0.45% for SPUS and 0.02% for SPYM.

Which has better risk-adjusted returns?

SPUS currently has the higher Sharpe Ratio (2.86 vs 2.39), 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.