SPUS vs SPY
SP Funds S&P 500 Sharia Industry Exclusions ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPUS delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $2.8B | $789.1B | |
| Dividend Yield | 0.72% | 1.01% | |
| Holdings | 216 | 505 | |
| YTD Return | +15.49% | +13.75% | |
| 1Y Return | +27.17% | +22.91% | |
| 3Y Return (annualized) | +23.72% | +21.67% | |
| 5Y Return (annualized) | +15.43% | +13.32% | |
| Volatility (annualized) | 18.1% | 15.3% | |
| Max Drawdown | -30.8% | -56.5% | |
| Fund Family | SP Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2019 | Jan 22, 1993 |
SPUS vs SPY Performance
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is a ETF from SP Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPUS returned +27.17% while SPY returned +22.91%. Year to date, SPUS is up 15.49% versus a gain of 13.75% for SPY.
Over three years, SPUS compounded at +23.72% per year against +21.67% for SPY; over five years the annualized figures are +15.43% and +13.32% respectively. Across the full 7-year window we track, SPUS has the edge at +18.50% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPUS has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.8% for SPUS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPUS charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, SPUS currently yields 0.72% against 1.01% for SPY.
Holdings Overlap
SPUS and SPY share 213 holdings out of 508 unique holdings combined, representing a 57.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPUS or SPY?
SPUS has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, SPUS or SPY?
Over the past year SPUS returned +27.17% vs +22.91% for SPY, so SPUS leads on 1-year performance. Over the longest common window we track (7 years), SPUS annualized +18.50% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SPUS or SPY?
SPUS has been the more volatile fund at 18.1% annualized versus 15.3% for SPY. Worst drawdown: SPUS -30.8% vs SPY -56.5%.
Should I hold both SPUS and SPY?
SPUS and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPUS and SPY?
SPUS and SPY share 213 common holdings with a 57.4% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, SPUS or SPY?
SPUS yields 0.72% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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