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ETFs

SP Funds S&P Global REIT Sharia ETF

SPRE
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 29, 2020
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
SPFunds
Volume (1m avg. daily)
$459,602
AUM
$70,923,435
Associated Index
S&P Global Shariah All REIT Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PSA
Public Storage.
12.24%
EQIX
Equinix Inc
11.88%
PLD
Prologis Inc
11.79%
CCI
Crown Castle Inc
11.58%
ELS
Equity Lifestyle Properties Inc.
5.07%
AVB
Avalonbay Communities Inc.
4.98%
WY
Weyerhaeuser Co.
4.92%
EQR
Equity Residential Properties Trust
4.75%
MAA
Mid-America Apartment Communities, Inc.
4.69%
CPT
Camden Property Trust
4.57%
Invest with SPRE
Trade SPRE Options

What is SPRE?

The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index includes all real estate investment trust ( REIT ) securities listed in developed and emerging markets and included as constituents of the S&P Global BMI Shariah Index, a comprehensive global Sharia-compliant index of publicly-traded equity securities. Constituents included in the S&P Global BMI Shariah Index must have a float-adjusted market capitalization of at least $100 million and an annual trading value of at least $50 million. A REIT is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries. Constituents of the S&P Global BMI Shariah Index, and therefore constituents of the Index, have been screened for non-compliant business activities (companies that offer products and services that are not compliant with Sharia law such as gambling, alcohol, or tobacco) and compliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash, and the share of revenues derived from non-compliant activities).

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YTD
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Max
www.composer.trade

SPRE
Performance Measures**

for the time period Dec 30, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -38.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.26

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.08

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPRE

ETFs correlated to SPRE include DRN, XLRE, ICF

SPRE
Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF
DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF
AVRE
American Century ETF Trust - Avantis Real E state ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SPRE is a Global Equities ETF. The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index includes all real estate investment trust ( REIT ) securities listed in developed and emerging markets and included as constituents of the S&P Global BMI Shariah Index, a comprehensive global Sharia-compliant index of publicly-traded equity securities. Constituents included in the S&P Global BMI Shariah Index must have a float-adjusted market capitalization of at least $100 million and an annual trading value of at least $50 million. A REIT is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries. Constituents of the S&P Global BMI Shariah Index, and therefore constituents of the Index, have been screened for non-compliant business activities (companies that offer products and services that are not compliant with Sharia law such as gambling, alcohol, or tobacco) and compliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash, and the share of revenues derived from non-compliant activities).

SPRE tracks the S&P Global Shariah All REIT Capped Index.

No, SPRE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPRE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPRE is -0.0451%. This is the percent change in the value of SPRE over the most recent 1-month period. The 3-month return on SPRE is -0.0573%. This is the percent change in the value of SPRE over the most recent 3-month period.

The standard deviation of SPRE for the past year is 0.2223%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPRE include PBW, IGF, and ARKK.

ETFs correlated to SPRE include DRN, XLRE, and ICF.

ETFs that are inversely correlated to SPRE include DRV, SRS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.