SP Funds S&P 500 Sharia Industry Exclusions ETF
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.4x P/Sales
ratio
4.8x
P/BV
ratio
6.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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
Category US Equities
Fund Sponsor SP Funds
Website www.sp-funds.com
Inception date Dec 17, 2019
Assets (mns) $30
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 177
Wgt avg mkt cap (mns) $639,728
Large cap (>$10bn) 99.5%
Mid cap ($2-10bn) 0.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 12.9 %
MICROSOFT CORP 11.1 %
FACEBOOK 4.3 %
ALPHABET INC. CLASS A 3.1 %
ALPHABET INC. CLASS C 3.0 %
JOHNSON & JOHNSON 2.7 %
PROCTER & GAMBLE CO/THE 2.4 %
NVIDIA CORP 2.2 %
HOME DEPOT INC 2.0 %
ADOBE SYSTEMS INC 1.6 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 2.1 %
BRITAIN 0.9 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.7% -- -- -- 14.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $23.00
30d moving avg. $23.22
Annualized volatility 0.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.9%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $1,349

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SP Funds S&P 500 Sharia Industry Exclusions ETF ETF based on the alternatives' overlap in portfolio holdings with SPUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPUS Expense: 49 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPUS
Ticker Fund
Name
Overlap1
vs SPUS
(%)
Expense
ratio
(bp)
Savings
vs SPUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPUS
(%)
VOOG Vanguard S&P 500 Growth ETF 65.3 10 39 5.2 +0.1
IVW iShares S&P 500 Growth ETF 63.6 18 31 5.1 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 63.5 4 45 5.2 +0.2
MGK Vanguard Mega Cap Growth ETF 63.1 7 42 5.3 +0.2
IWY iShares Russell Top 200 Growth ETF 61.3 20 29 5.1 +0.0
SUSL iShares ESG MSCI USA Leaders ETF 60.5 10 39 5.3 +0.2
IUSG iShares Core S&P US Growth ETF 60.3 4 45 5.2 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 60.2 10 39 5.2 +0.2
IQSU IQ Candriam ESG US Equity ETF 59.6 9 40 5.7 +0.6
DSI iShares MSCI KLD 400 Social ETF 59.6 25 24 5.1 +0.0
XLG Invesco S&P 500 Top 50 ETF 58.7 20 29 5.3 +0.2
EFIV SPDR S&P 500 ESG ETF 58.6 10 39 5.6 +0.6
SNPE Xtrackers S&P 500 ESG ETF 58.2 10 39 5.6 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 57.9 27 22 5.4 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 57.8 12 37 5.6 +0.5
IWF iShares Russell 1000 Growth ETF 57.5 19 30 4.8 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 57.3 60 -11 4.8 -0.2
QYLD Global X NASDAQ 100 Covered Call ETF 57.3 60 -11 4.5 -0.5
NUSI Nationwide Risk-Managed Income ETF 57.2 68 -19 4.5 -0.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 57.0 60 -11 4.5 -0.5
QQQ Invesco QQQ Trust 56.9 20 29 4.9 -0.1
VUG Vanguard Growth Index Fund 56.7 4 45 4.9 -0.1
OEF iShares S&P 100 ETF 56.1 20 29 5.4 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 55.8 8 41 4.9 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 55.1 4 45 4.8 -0.3
HLAL Wahed FTSE USA Shariah ETF 54.1 50 -1 5.7 +0.7
TMFC Motley Fool 100 Index ETF 53.0 50 -1 4.5 -0.6
IWL iShares Russell Top 200 ETF 52.9 15 34 5.4 +0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 52.9 0 49 5.6 +0.5
PBP Invesco S&P 500 BuyWrite ETF 52.8 49 0 5.3 +0.3
RECS Columbia Research Enhanced Core ETF 52.3 15 34 6.1 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.1 20 29 5.3 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 51.9 32 17 5.4 +0.3
MGC Vanguard Mega Cap Index Fund 51.9 7 42 5.6 +0.6
IYW iShares U.S. Technology ETF 51.6 43 6 5.6 +0.6
HSPX Global X S&P 500 Covered Call ETF 51.5 60 -11 5.3 +0.2
IETC iShares Evolved U.S. Technology ETF 51.5 18 31 5.1 +0.0
IVV iShares Core S&P 500 ETF 51.4 3 46 5.8 +0.8
SPY SPDR S&P 500 ETF Trust 51.3 9 40 5.7 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 51.2 60 -11 5.3 +0.3
SPLG SPDR Portfolio Large Cap ETF 51.2 3 46 5.8 +0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.2 20 29 5.7 +0.7
ESGV Vanguard ESG U.S. Stock ETF 51.1 12 37 5.5 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 51.1 27 22 5.7 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 50.4 29 20 5.5 +0.5
VOO VANGUARD S&P 500 ETF 50.3 3 46 5.8 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 49.8 15 34 5.5 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 49.5 7 42 5.6 +0.6
NACP Impact Shares NAACP Minority Empowerment ETF 48.5 75 -26 5.2 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 48.4 27 22 5.5 +0.4
IOO iShares Global 100 ETF 48.2 40 9 5.5 +0.5
PBUS Invesco PureBeta MSCI USA ETF 48.1 4 45 5.6 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.0 2 47 5.6 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.4 9 40 5.9 +0.9
VV Vanguard Large-Cap Index Fund 47.3 4 45 5.6 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 47.2 3 46 5.9 +0.8
SCHX Schwab U.S. Large-Cap ETF 46.5 3 46 5.5 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.5 19 30 6.5 +1.4
IGM iShares Expanded Tech Sector ETF 45.8 46 3 4.6 -0.5
SCHK Schwab 1000 Index ETF 45.5 5 44 5.6 +0.5
IWB iShares Russell 1000 ETF 45.3 15 34 5.5 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 45.2 8 41 6.9 +1.9
IYY iShares Dow Jones U.S. ETF 45.0 20 29 5.4 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 44.9 15 34 6.0 +1.0
VONE Vanguard Russell 1000 ETF 44.6 8 41 5.5 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 44.5 12 37 5.5 +0.5
SPMO Invesco S&P 500 Momentum ETF 43.9 13 36 4.7 -0.3
VTHR Vanguard Russell 3000 Index Fund 43.6 10 39 5.4 +0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 43.3 75 -26 4.8 -0.2
GBGR Global Beta Momentum-Growth ETF 43.2 29 20 6.2 +1.1
SUSA iShares MSCI USA ESG Select ETF 42.8 25 24 5.1 +0.1
SCHB Schwab U.S. Broad Market ETF 42.8 3 46 5.5 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 42.8 21 28 3.4 -1.7
IWV iShares Russell 3000 ETF 42.8 20 29 5.3 +0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.6 3 46 5.4 +0.4
FQAL Fidelity Quality Factor ETF 42.4 29 20 5.9 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 41.8 28 21 6.8 +1.8
SPXT ProShares S&P 500 Ex-Technology ETF 41.4 27 22 5.5 +0.5
JHML John Hancock Multifactor Large Cap ETF 41.3 29 20 5.7 +0.7
DGRO iShares Core Dividend Growth ETF 41.2 8 41 6.9 +1.9
SFY SoFi Select 500 ETF 41.2 0 49 5.4 +0.3
VTI Vanguard Total Stock Market Index Fund 41.2 3 46 5.4 +0.4
EXT WisdomTree U.S. Total Earnings Fund 41.2 28 21 5.9 +0.8
STLG iShares Factors US Growth Style ETF 41.0 25 24 5.3 +0.2
SPHQ Invesco S&P 500 Quality ETF 40.8 15 34 5.0 -0.1
XLK Technology Select Sector SPDR Fund 40.8 13 36 6.9 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 40.8 8 41 6.4 +1.4
VGT Vanguard Information Technology Index Fund 40.8 10 39 6.4 +1.4
IXN iShares Global Tech ETF 40.8 46 3 6.0 +0.9
NULC Nuveen ESG Large-Cap ETF 40.6 20 29 5.0 -0.0
VEGN US Vegan Climate ETF 40.4 60 -11 5.4 +0.4
QLC FlexShares US Quality Large Cap Index Fund 40.1 32 17 5.6 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 40.1 25 24 7.1 +2.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.0 15 34 6.7 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.8 12 37 4.9 -0.2
SYG SPDR MFS Systematic Growth Equity ETF 39.5 60 -11 4.8 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 39.5 29 20 7.3 +2.3
KRMA Global X Conscious Companies ETF 39.4 43 6 5.6 +0.5
HIPR Direxion High Growth ETF 39.1 40 9 5.9 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.0 75 -26 4.0 -1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SP Funds S&P 500 Sharia Industry Exclusions ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 31.1 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.