SSGFX vs. SPUS

Last updated Jun 23, 2026

SSGFX (Sextant Growth Fund) and SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) are both funds - SSGFX is a Large Cap Growth Equities fund managed by Sextant Mutual Funds, while SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. Over the past 5 years, SSGFX returned 11.36%/yr vs 16.30%/yr for SPUS. Their correlation of 0.95 suggests significant overlap in exposure. SSGFX charges 0.74%/yr vs 0.45%/yr for SPUS.

Performance

SSGFX vs. SPUS - Performance Comparison

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

Returns By Period

In the year-to-date period, SSGFX achieves a 7.50% return, which is significantly lower than SPUS's 12.83% return.

SSGFX

• 1D: 1.36%
• 1M: -1.72%
• YTD: 7.50%
• 6M: 7.47%
• 1Y: 22.87%
• 3Y*: 18.38%
• 5Y*: 11.36%
• 10Y*: 14.87%

SPUS

• 1D: -0.09%
• 1M: 0.48%
• YTD: 12.83%
• 6M: 12.41%
• 1Y: 36.21%
• 3Y*: 22.94%
• 5Y*: 16.30%
• 10Y*: —

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

SSGFX vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SSGFX Sextant Growth Fund	7.50%	16.01%	24.45%	28.25%	-25.30%	22.79%	30.49%	1.05%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	12.83%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.95%

Correlation

The correlation between SSGFX and SPUS is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 18, 2019	0.95

The correlation between SSGFX and SPUS has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

SSGFX vs. SPUS — Risk / Return Rank

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

SSGFX

SSGFX Risk / Return Rank: 27
SSGFX Sharpe Ratio Rank: 32
SSGFX Sortino Ratio Rank: 29
SSGFX Omega Ratio Rank: 30
SSGFX Calmar Ratio Rank: 21
SSGFX Martin Ratio Rank: 23

SPUS

SPUS Risk / Return Rank: 74
SPUS Sharpe Ratio Rank: 79
SPUS Sortino Ratio Rank: 74
SPUS Omega Ratio Rank: 75
SPUS Calmar Ratio Rank: 70
SPUS Martin Ratio Rank: 75

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.

SSGFX vs. SPUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sextant Growth Fund (SSGFX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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.

	SSGFX	SPUS	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.42	-0.91
Sortino ratio: Return per unit of downside risk	2.10	3.17	-1.08
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	1.57	3.41	-1.84
Martin ratio: Return relative to average drawdown	5.28	13.73	-8.44

SSGFX vs. SPUS - Sharpe Ratio Comparison

The current SSGFX Sharpe Ratio is 1.50, which is lower than the SPUS Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SSGFX and SPUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSGFX vs. SPUS - Drawdown Comparison

The maximum SSGFX drawdown since its inception was -51.52%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for SSGFX and SPUS.

Drawdown Indicators

	SSGFX	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-51.52%	-30.80%	-20.72%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-10.66%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-22.82%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-28.06%	-2.00%
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	—	—
Current Drawdown Current decline from peak	-3.85%	-3.41%	-0.44%
Average Drawdown Average peak-to-trough decline	-10.12%	-6.19%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	2.64%	+1.56%

Volatility

SSGFX vs. SPUS - Volatility Comparison

The current volatility for Sextant Growth Fund (SSGFX) is 5.66%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 6.34%. This indicates that SSGFX experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSGFX	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	6.34%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	12.05%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	15.08%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	19.38%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	21.32%	-1.82%

SSGFX vs. SPUS - Expense Ratio Comparison

SSGFX has a 0.74% expense ratio, which is higher than SPUS's 0.45% expense ratio.

Dividends

SSGFX vs. SPUS - Dividend Comparison

SSGFX's dividend yield for the trailing twelve months is around 1.53%, more than SPUS's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.53%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%
SSGFX Sextant Growth Fund	1.53%	1.64%	2.19%	0.00%	2.59%	8.85%	0.58%	2.83%	5.10%	0.63%	3.65%	8.92%

Frequently Asked Questions

Can I hold both SSGFX and SPUS in my portfolio?

With a correlation of 0.92, SSGFX and SPUS 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, SSGFX or SPUS?

SPUS has higher volatility (6.34%) compared to SSGFX (5.66%). In terms of maximum drawdown, SSGFX dropped -51.52% vs SPUS's -30.80%.

Which has better risk-adjusted returns?

SPUS currently has the higher Sharpe Ratio (2.42 vs 1.50), 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.