SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF
The SP Funds S&P 500 Sharia Industry Exclusions ETF seeks to track the performance, before fees and expenses, of the S&P 500 Sharia Industry Exclusions Index.
Fund Basics
| Fund sponsor | SP Funds |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 17, 2019 |
| Assets (mns) | $355 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 12.8 % |
| MICROSOFT CORP | 12.7 % |
| NVIDIA CORP | 5.5 % |
| ALPHABET INC. CLASS A | 3.8 % |
| META PLATFORMS INC | 3.5 % |
| ALPHABET INC. CLASS C | 3.3 % |
| TESLA MOTORS INC | 3.2 % |
| ELI LILLY & CO | 2.2 % |
| EXXON MOBIL CORP | 1.9 % |
| BROADCOM INC. | 1.9 % |
Constituent Breakdown
| Number of holdings | 203 |
| Herfindahl-Hirschman Index | 447 |
| Wgt avg mkt cap (mns) | $990,134 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 29.1% | 21.1% | 1.9% | 11.9% | -- | -- | 14.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 93% |
| MSCI EAFE | 0.88 | 63% |
| MSCI Emg Mkts | 0.62 | 34% |
Liquidity Measures
| Avg. volume (000) | 51 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $83,248 |
Technical Indicators
| Recent close | $32.92 |
| 30d moving avg. | $30.87 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 1.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPUS |
Expenses vs. SPUS |
ALTAR Score™ vs. SPUS |
|---|---|---|---|---|
| HLAL | Wahed FTSE USA Shariah ETF | 80.2% | +1 bp | +0.2% |
| XLG | Invesco S&P 500 Top 50 ETF | 69.3% | -29 bp | 0.0% |
| VOOG | Vanguard S&P 500 Growth ETF | 68.6% | -39 bp | +0.7% |
| IVW | iShares S&P 500 Growth ETF | 68.6% | -31 bp | +0.6% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 68.6% | -45 bp | +0.7% |
| VUG | Vanguard Growth Index Fund | 68.5% | -45 bp | -0.5% |
| IUSG | iShares Core S&P US Growth ETF | 66.7% | -45 bp | +0.8% |
| IWF | iShares Russell 1000 Growth ETF | 66.5% | -30 bp | -0.1% |
| VONG | Vanguard Russell 1000 Growth Index Fund | 66.5% | -41 bp | +0.0% |
| IWY | iShares Russell Top 200 Growth ETF | 66.3% | -29 bp | +0.1% |
Risk and Returns: SPUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/1/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SPUS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SPUS
4.8%
Cat. Avg
6.0%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.8% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 896 funds in the US Equities category, with an average ALTAR Score™
of 6.0% and a standard deviation of
3.0%. SPUS's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places SPUS in the 34th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SPUS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPUS | 49.0 | 10.7 | 59.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .