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ETFs

SP Funds S&P 500 Sharia ETF

SPUS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18, 2019
Expense Ratio
0.49%
Type
US Equities
Fund Owner
SPFunds
Volume (1m avg. daily)
$1,457,817
AUM
$312,878,810
Associated Index
S&P 500 Sharia Industry Exclusions Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPUS

What is SPUS?

The SP Funds S&P 500 Sharia Industry Exclusions ETF (the Fund or the Sharia ETF ) seeks to track the performance, beforefees and expenses, of the S&P 500 Shariah Industry Exclusions Index (the Index or the Shariah Index ). The Index is composed of the constituents of the S&P 500 Shariah Index other than those from the following sub-industries:Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The S&P 500 Shariah Index includes all Sharia-compliant constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. Islamic religious law commonly knownas Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictionsand prohibited industries. Constituents of the S&P 500 Shariah 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) andcompliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash,and the share of revenues derived from non-compliant activities).

ETFs related toSPUS

ETFs correlated to SPUS include XLG, HLAL, VONG

SPUS
Tidal ETF Trust - SP Funds S&P 500 Sharia Industry Exclusions ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
HLAL
Listed Funds Trust - Wahed FTSE USA Shariah ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth 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 toSPUS

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPUS using Composer

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FAQ

SPUS is a US Equities ETF. The SP Funds S&P 500 Sharia Industry Exclusions ETF (the Fund or the Sharia ETF ) seeks to track the performance, beforefees and expenses, of the S&P 500 Shariah Industry Exclusions Index (the Index or the Shariah Index ). The Index is composed of the constituents of the S&P 500 Shariah Index other than those from the following sub-industries:Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The S&P 500 Shariah Index includes all Sharia-compliant constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. Islamic religious law commonly knownas Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictionsand prohibited industries. Constituents of the S&P 500 Shariah 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) andcompliance with certain accounting-based financial ratios (companies must satisfy financial ratios governing leverage, cash,and the share of revenues derived from non-compliant activities).

SPUS tracks the S&P 500 Sharia Industry Exclusions Index.

No, SPUS 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, SPUS 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 SPUS is -0.0123%. This is the percent change in the value of SPUS over the most recent 1-month period. The 3-month return on SPUS is -0.0058%. This is the percent change in the value of SPUS over the most recent 3-month period.

The standard deviation of SPUS for the past year is 0.192%. 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 SPUS include SPHQ, DSI, and QUAL.

ETFs correlated to SPUS include XLG, HLAL, and VONG.

ETFs that are inversely correlated to SPUS include QID, SQQQ, and PSQ.

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.