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ETFs

SP Funds Dow Jones Global Sukuk ETF

SPSK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 30 2019
Expense Ratio
0.59%
Type
Global Bonds
Fund Owner
SPFunds
Volume (1m avg. daily)
$1,102,999
AUM
$128,333,205
Associated Index
Dow Jones Sukuk Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
KSA Sukuk Limited - 3.628% CTF REDEEM 20/04/2027 USD 200000 - Reg S
4.21%
FJ58
KSA Sukuk Limited - 4.511% BD REDEEM 22/05/2033 USD 1000 - REG S
2.68%
SJ30
KSA Sukuk Limited - 5.268% CTF REDEEM 25/10/2028 USD 200000 - Reg S
2.51%
76LK
SA Global Sukuk Limited - 2.694% NT REDEEM 17/06/2031 USD 200000 - Reg S
2.48%
ISDBT0326USD
IsDB Trust Services No.2 S.a r.l. - 1.262% CTF REDEEM 31/03/2026 USD 200000
2.26%
n/a
KSA Sukuk Limited - 2.969% CTF REDEEM 29/10/2029 USD 200000 - Reg S
2.22%
n/a
Cash & Other
2.02%
n/a
Islamic Development Bank - 4.598% BD REDEEM 14/03/2028 USD 200000
2.00%
IDOR5114733
Perusahaan Penerbit SBSN Indonesia III - 4.15% CTF REDEEM 29/03/2027 USD 200000 - Reg S
1.95%
95TI
KSA Sukuk Limited - 4.303% CTF REDEEM 19/01/2029 USD 200000 - Reg S
1.95%
Invest with SPSK

What is SPSK?

The SP Funds Dow Jones Global Sukuk ETF (the Fund or the Sukuk ETF ) seeks to track the performance, before fees andexpenses, of the Dow Jones Sukuk Total Return (ex Reinvestment) Index (the Index or the Sukuk Index ). The Index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issuedin the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. Unlike conventional bonds, sukuk are based on a variety of contracts to create financial obligations, and the returns to investorsare considered to be profit sharing, not interest. Issuers of sukuk may include international financial institutions, foreigngovernments (including in emerging markets), and foreign government agencies or instrumentalities that issue sukuk througha secondary issuing vehicle such as a trust. Sharia has certain restrictions regarding finance and commercial activities, includinginterest restrictions and prohibited industries and only sukuk, as screened by Thomson Reuters, is eligible for the Index. TheFund considers emerging market countries to be those countries included in the MSCI Emerging Markets Index.

ETFs related toSPSK

ETFs correlated to SPSK include UNIY, FSIG, JSCP

SPSK
Tidal ETF Trust - SP Funds Dow Jones Global Sukuk ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
FSIG
First Trust Exchange-Traded Fund IV - First Trust Limited Duration Investment Grade Corporate ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
GVI
BlackRock Institutional Trust Company N.A. - iShares Intermediate Government/Credit Bond ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
SPMB
SPDR Series Trust - SPDR Portfolio Mortgage Backed Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond 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.

Automated Strategies
Related toSPSK

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPSK using Composer

FAQ

SPSK is a Global Bonds ETF. The SP Funds Dow Jones Global Sukuk ETF (the Fund or the Sukuk ETF ) seeks to track the performance, before fees andexpenses, of the Dow Jones Sukuk Total Return (ex Reinvestment) Index (the Index or the Sukuk Index ). The Index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issuedin the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. Unlike conventional bonds, sukuk are based on a variety of contracts to create financial obligations, and the returns to investorsare considered to be profit sharing, not interest. Issuers of sukuk may include international financial institutions, foreigngovernments (including in emerging markets), and foreign government agencies or instrumentalities that issue sukuk througha secondary issuing vehicle such as a trust. Sharia has certain restrictions regarding finance and commercial activities, includinginterest restrictions and prohibited industries and only sukuk, as screened by Thomson Reuters, is eligible for the Index. TheFund considers emerging market countries to be those countries included in the MSCI Emerging Markets Index.

SPSK tracks the Dow Jones Sukuk Index.

No, SPSK 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, SPSK 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 SPSK is -0.0067%. This is the percent change in the value of SPSK over the most recent 1-month period. The 3-month return on SPSK is -0.0154%. This is the percent change in the value of SPSK over the most recent 3-month period.

The standard deviation of SPSK for the past year is 0.0587%. 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 SPSK include BLV, BND, and AGG.

ETFs correlated to SPSK include UNIY, FSIG, and JSCP.

ETFs that are inversely correlated to SPSK include PST, TBX, and TTT.

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.