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SPUS

GradeBNew York Stock Exchange Arca

SP Funds S&P 500 Sharia Industry Exclusions ETF

Major Indexes · SP Funds · Inception 2019-12-17 · SEC filings

$59.72−0.47 (−0.79%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 60.19 to 59.72. Range 59.55 to 60.21. Use the arrow keys to read each point.$59.60$59.80$60.00$60.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$3.2B
1Y return
+22.5%
Yield · Last 12 months
0.51%
Volume · 30D
0.5M sh
NAV per share
$58.92
52W range
low $46.43high $60.30

The ETF.net SPUS Grade

B

58/ 100

Rank 19 of 44 in Other Major Indexes

Confidence High

Six-pillar profile for SPUS. Scores out of 100: Cost 36, Risk 54, Mission 91, Tradability 80, Holdings 23, Durability 53. Strongest: Mission (91). Weakest: Holdings (23). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 36
    Category rank29/44 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 91
    Category rank11/31 · top 35%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank21/43 · top 49%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank7/44 · top 16%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 23
    Category rank41/42 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank23/44 · mid-pack

Graded as of Sep 22, 2026

Our read on SPUS

ETF.net Research

BThe S&P 500 run through a Sharia rulebook: no banks or insurers, no alcohol, tobacco or gambling, and defense and payment processors screened out too. What's left is a debt-light slice of US large caps.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of an index composed of Sharia-compliant S&P 500 constituents subject to specified industry exclusions.

Why people hold it

  1. 01The rulebook isn't in-house: S&P and its Shariah screening partner run business-activity and debt-to-market-cap tests, and the fund passively tracks the resulting index.spglobal.comsp-funds.com
  2. 02Size and volume are real for a niche screen. It's a multi-billion-dollar fund and moderately traded, so the rules cost you the fee, not a punishing spread.
  3. 03Distributions land monthly, not the quarterly rhythm most S&P 500 trackers keep.

Worth knowing

  1. 010.45% is the toll for the screen. Plain index wrappers like SCHK (0.03%) and SPYV (0.04%) charge a sliver of that.
  2. 02With conventional finance stripped out and leverage capped, the portfolio is non-diversified and leans harder on technology than the parent index.sp-funds.comspglobal.com
  3. 03Compliance gets rechecked on a set schedule, so names that breach the leverage limit drop out. That means turnover the plain S&P 500 never sees.spglobal.com

SPUS Holdings

As of Sep 20, 2026, 8:48 AM
Asset class
Stocks
Holdings
Top-10 weight
58%
Largest holding
NVDA13.9%

Sectors

  • Technology61.4%
  • Health Care11.8%
  • Industrials6.0%
  • Consumer Discr.5.9%
  • Communication5.5%
  • Energy2.9%
  • Materials2.8%
  • Cons. Staples2.6%
  • Real Estate0.7%
  • Utilities0.2%

Geography

  • United States97.79%
  • Ireland1.34%
  • United Kingdom0.57%
  • Netherlands0.15%
  • Switzerland0.12%
  • Canada0.03%
The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp13.91%2,001,239$445M828
002AAPLApple Inc12.69%1,206,878$406M707
003MSFTMicrosoft Corp9.48%614,061$303M792
004GOOGLAlphabet Inc5.28%483,480$169M704
005AVGOBroadcom Inc4.39%393,432$140M732
006MUMicron Technology Inc2.97%93,396$95M655
007TSLATesla Inc2.65%233,058$85M509
008LLYEli Lilly & Co2.39%66,169$76M569
009AMDAdvanced Micro Devices Inc2.36%134,999$76M618
010XOMExxonMobil Holdings Corp1.74%340,396$56M501
011JNJJohnson & Johnson1.68%198,475$54M521
012ABBVAbbVie Inc1.21%146,690$39M511
013CSCOCisco Systems Inc1.12%328,408$36M567
014MRKMerck & Co Inc0.94%203,612$30M506
015LRCXLam Research Corp0.93%103,527$30M591

Showing 1–15 of 216 holdings

SPUS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SPUS$12,252
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SPUS $12,252. SPY $11,723. Use the arrow keys to read each point.$9,252$10,863$12,475Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SPUS. Periods over one year show the average yearly return.
PeriodSPUS
Year to date+18.3%
1 month+2.7%
3 months+4.9%
1 year+22.5%
3 years+25.7%per year
5 years+15.8%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPUS
YearReturn barSPUS
2026 YTD+18.3%
2025+19.8%
2024+26.5%
2023+34.2%
2022−22.8%
2021+35.9%
2020+25.7%

SPUS in the news

ETF.net Research hasn’t filed on SPUS yet — coverage lands here as it’s written.

SPUS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.51%Last 12 months
Payout per share
$0.31Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 44 payments from 2023 to 2026 YTD. Jan 26, 2023 $0.03; Feb 23, 2023 $0.03; Mar 28, 2023 $0.03; Apr 25, 2023 $0.03; May 25, 2023 $0.03; Jun 27, 2023 $0.03; Jul 26, 2023 $0.03; Aug 28, 2023 $0.03; Sep 26, 2023 $0.03; Oct 26, 2023 $0.03; Nov 27, 2023 $0.03; Dec 26, 2023 $0.01; Jan 26, 2024 $0.03; Feb 26, 2024 $0.03; Mar 26, 2024 $0.03; Apr 25, 2024 $0.03; May 29, 2024 $0.03; Jun 26, 2024 $0.03; Jul 26, 2024 $0.03; Aug 27, 2024 $0.03; Sep 26, 2024 $0.03; Oct 28, 2024 $0.03; Nov 26, 2024 $0.03; Dec 27, 2024 $0.02; Jan 27, 2025 $0.03; Feb 27, 2025 $0.03; Mar 25, 2025 $0.03; Apr 24, 2025 $0.03; May 28, 2025 $0.03; Jun 25, 2025 $0.03; Jul 25, 2025 $0.03; Aug 26, 2025 $0.03; Sep 25, 2025 $0.03; Oct 27, 2025 $0.03; Nov 25, 2025 $0.03; Dec 26, 2025 $0.02; Jan 23, 2026 $0.03; Feb 20, 2026 $0.03; Mar 24, 2026 $0.03; Apr 24, 2026 $0.03; May 27, 2026 $0.03; Jun 25, 2026 $0.03; Jul 27, 2026 $0.03; Aug 26, 2026 $0.03. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Aug 26, 2026Aug 27, 2026$0.03
Jul 27, 2026Jul 28, 2026$0.03
Jun 25, 2026Jun 26, 2026$0.03
May 27, 2026May 28, 2026$0.03
Apr 24, 2026Apr 27, 2026$0.03
Mar 24, 2026Mar 25, 2026$0.03
Feb 20, 2026Feb 23, 2026$0.03
Jan 23, 2026Jan 26, 2026$0.03
Dec 26, 2025Dec 29, 2025$0.02
Nov 25, 2025Nov 26, 2025$0.03
Oct 27, 2025Oct 28, 2025$0.03
Sep 25, 2025Sep 26, 2025$0.03

SPUS Risk

How much the fund’s monthly returns vary, scaled to a year.
15.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.10
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.0%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SPUS Cost

Expense ratio0.45%
  • The middle half of Other Major Indexes funds
  • Median 0.29%

27 of the 42 Other Major Indexes funds charge less.

SPUS costs $45.00 a year on $10,000. The median Other Major Indexes fund costs $29.00.