SP Funds S&P 500 Sharia Industry Exclusions ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
32.5x P/Sales
ratio
5.6x
P/BV
ratio
7.4x Div.
yield
1.0%


  • 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) $46
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 185
Wgt avg mkt cap (mns) $716,517
Large cap (>$10bn) 99.7%
Mid cap ($2-10bn) 0.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 13.2 %
MICROSOFT CORP 10.1 %
FACEBOOK 3.9 %
TESLA MOTORS INC 3.8 %
ALPHABET INC. CLASS A 3.4 %
ALPHABET INC. CLASS C 3.3 %
JOHNSON & JOHNSON 2.6 %
NVIDIA CORP 2.0 %
PROCTER & GAMBLE CO/THE 1.9 %
HOME DEPOT INC 1.8 %
Total 45.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 2.1 %
BRITAIN 0.8 %
SWITZERLAND 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
25.6% -- -- -- 25.6%

Market Correlations
versus... Beta R-squared
S&P500 0.91 97%
MSCI EAFE 0.79 81%
MSCI Emg. Mkts. 0.68 66%

Technical Indicators
Recent close $26.10
30d moving avg. $25.14
Annualized volatility 24.1%
Short interest (ETF) 0.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $131,838

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 3.4%


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 72.5 10 39 3.9 +0.5
ESGV Vanguard ESG U.S. Stock ETF 70.8 12 37 4.5 +1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 70.0 4 45 3.7 +0.3
IVW iShares S&P 500 Growth ETF 69.9 18 31 3.5 +0.1
IUSG iShares Core S&P US Growth ETF 65.8 4 45 3.7 +0.2
IWY iShares Russell Top 200 Growth ETF 64.2 20 29 3.6 +0.2
MGK Vanguard Mega Cap Growth ETF 63.6 7 42 3.7 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 61.9 10 39 4.8 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 61.9 10 39 4.8 +1.4
IQSU IQ Candriam ESG US Equity ETF 61.6 9 40 4.5 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 61.5 60 -11 3.6 +0.2
DSI iShares MSCI KLD 400 Social ETF 61.1 25 24 4.6 +1.2
HLAL Wahed FTSE USA Shariah ETF 61.1 50 -1 3.8 +0.4
IWF iShares Russell 1000 Growth ETF 60.9 19 30 3.4 +0.0
VUG Vanguard Growth Index Fund 60.9 4 45 3.5 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 59.2 4 45 3.2 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 58.4 8 41 3.5 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 58.4 60 -11 3.2 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 58.0 27 22 4.4 +0.9
EFIV SPDR S&P 500 ESG ETF 58.0 10 39 4.6 +1.1
SNPE Xtrackers S&P 500 ESG ETF 58.0 10 39 4.6 +1.2
XLG Invesco S&P 500 Top 50 ETF 57.7 20 29 4.1 +0.7
NUSI Nationwide Risk-Managed Income ETF 57.7 68 -19 3.1 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 57.6 60 -11 3.1 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 56.9 12 37 4.0 +0.6
QQQM Invesco NASDAQ 100 ETF 56.8 15 34 3.5 +0.1
QQQ Invesco QQQ Trust 56.8 20 29 3.5 +0.1
OEF iShares S&P 100 ETF 55.9 20 29 4.2 +0.8
MGC Vanguard Mega Cap Index Fund 54.7 7 42 4.6 +1.2
IWL iShares Russell Top 200 ETF 54.3 15 34 4.4 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 54.0 0 49 4.5 +1.1
PBP Invesco S&P 500 BuyWrite ETF 53.7 49 0 4.3 +0.9
TMFC Motley Fool 100 Index ETF 53.4 50 -1 3.0 -0.4
XVV iShares ESG Screened S&P 500 ETF 53.3 8 41 4.9 +1.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 52.8 15 34 4.7 +1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 52.7 60 -11 4.4 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 52.3 32 17 4.5 +1.0
SPY SPDR S&P 500 ETF Trust 52.0 9 40 4.7 +1.3
IVV iShares Core S&P 500 ETF 51.9 3 46 4.7 +1.3
SPLG SPDR Portfolio Large Cap ETF 51.9 3 46 4.7 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 51.9 21 28 2.9 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 51.8 27 22 4.6 +1.2
RECS Columbia Research Enhanced Core ETF 51.8 15 34 5.1 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.2 20 29 4.8 +1.4
IYW iShares U.S. Technology ETF 51.1 43 6 3.4 -0.1
VOO VANGUARD S&P 500 ETF 51.0 3 46 4.8 +1.4
IETC iShares Evolved U.S. Technology ETF 50.9 18 31 3.4 +0.0
ESGU iShares MSCI USA ESG Optimized ETF 50.7 15 34 4.4 +1.0
CATH Global X S&P 500 Catholic Values Custom ETF 50.0 29 20 4.6 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 50.0 20 29 4.6 +1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 50.0 7 42 4.5 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 49.7 27 22 4.3 +0.9
PBUS Invesco PureBeta MSCI USA ETF 48.8 4 45 4.6 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.7 2 47 4.6 +1.2
VV Vanguard Large-Cap Index Fund 48.6 4 45 4.6 +1.2
USXF iShares ESG Advanced MSCI USA ETF 47.8 10 39 4.5 +1.1
HIPR Direxion High Growth ETF 47.7 40 9 3.8 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.7 9 40 4.8 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 47.3 3 46 4.8 +1.4
SCHX Schwab U.S. Large-Cap ETF 47.1 3 46 4.6 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 46.9 49 0 4.7 +1.3
IGM iShares Expanded Tech Sector ETF 46.4 46 3 3.3 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.2 19 30 5.3 +1.9
IOO iShares Global 100 ETF 46.0 40 9 4.2 +0.8
SCHK Schwab 1000 Index ETF 45.9 5 44 4.6 +1.2
IWB iShares Russell 1000 ETF 45.8 15 34 4.5 +1.1
SUSA iShares MSCI USA ESG Select ETF 45.8 25 24 4.2 +0.8
IYY iShares Dow Jones U.S. ETF 45.3 20 29 4.4 +1.0
VTHR Vanguard Russell 3000 Index Fund 44.4 10 39 4.4 +1.0
SPMO Invesco S&P 500 Momentum ETF 43.9 13 36 3.8 +0.4
SFY SoFi Select 500 ETF 43.9 0 49 4.6 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 43.8 8 41 5.9 +2.5
RESP WisdomTree US ESG Fund of Benef Interest 42.9 28 21 5.1 +1.6
IWV iShares Russell 3000 ETF 42.7 20 29 4.3 +0.9
SCHB Schwab U.S. Broad Market ETF 42.6 3 46 4.5 +1.0
QUS SPDR MSCI USA StrategicFactors ETF 42.4 15 34 5.3 +1.8
SPXT ProShares S&P 500 Ex-Technology ETF 42.3 27 22 4.9 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.3 3 46 4.4 +1.0
JQUA JPMorgan U.S. Quality Factor ETF 42.2 12 37 5.1 +1.6
VONE Vanguard Russell 1000 ETF 41.9 8 41 4.6 +1.1
JHML John Hancock Multifactor Large Cap ETF 41.8 29 20 4.9 +1.4
FQAL Fidelity Quality Factor ETF 41.4 29 20 5.0 +1.6
VEGN US Vegan Climate ETF 41.3 60 -11 3.9 +0.5
VTI Vanguard Total Stock Market Index Fund 41.3 3 46 4.4 +1.0
DFAU Dimensional US Core Equity Market ETF 41.2 12 37 4.7 +1.2
QLC FlexShares US Quality Large Cap Index Fund 41.1 32 17 4.4 +1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 41.0 75 -26 3.5 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 40.3 60 -11 3.4 +0.0
STLG iShares Factors US Growth Style ETF 40.3 25 24 3.9 +0.5
XLK Technology Select Sector SPDR Fund 40.1 13 36 4.2 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 40.1 8 41 3.9 +0.5
VGT Vanguard Information Technology Index Fund 40.1 10 39 3.9 +0.5
IXN iShares Global Tech ETF 40.1 46 3 3.7 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 40.0 28 21 6.2 +2.8
KRMA Global X Conscious Companies ETF 39.6 43 6 4.8 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 39.5 25 24 5.9 +2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 39.1 30 19 5.2 +1.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 38.8 28 21 6.0 +2.6
FDMO Fidelity Momentum Factor ETF 38.7 29 20 2.4 -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 24.5 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.49
 
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.