SPUS vs SPYV: Grades, Fees and Holdings Compared

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUSBNYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

40.3%by weight

Expense ratio

SPYV −0.41pt a year

SPUS0.45%SPYV0.04%

Avg volume · 30D

SPYV 5.1×the volume

SPUS409KSPYV2.1M

5Y return · a year

SPUS +2.2pt

SPUS+13.9%SPYV+11.7%

SPUS vs SPYV Performance

Oct 29, 2021 – Oct 30, 2026

+91.5%SPUS+74.1%SPYV

Expense ratio: SPUS 0.45%; SPYV 0.04%, better
Fund size: SPUS $3.38B; SPYV $39.2B
1Y total return: SPUS +13.9%; SPYV +16.6%, better
Yield (12M): SPUS 0.52%; SPYV 1.65%, better
Holdings: SPUS 215; SPYV 437
Avg volume (30D): SPUS 409K sh; SPYV 2.1M sh, better
NAV per share: SPUS $59.75; SPYV $64.64
52W range

ETF.net Grade

Pillar letters and Scores for SPUS, SPYV, with each pillar’s weight
Pillar	SPUS	SPYV
Cost30% weight	D33	A98Higher
Mission25% weight	A92Higher	A86
Risk15% weight	C52	A82Higher
Tradability15% weight	A75	A97Higher
Holdings10% weight	F23	A71Higher
Durability5% weight	C51	A86Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPUS and SPYV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and SPUS 20th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 19BNZACState Street SPDR MSCI ACWI Climate Paris Aligned ETFScore 60
Rank 20BSPUSSP Funds S&P 500 Sharia Industry Exclusions ETFScore 56
Rank 21CRFGInvesco S&P MidCap 400 Pure Growth ETFScore 53

Our read on each fund

ETF.net Research

SPUSBSP Funds S&P 500 Sharia Industry Exclusions ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

SPUS The 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.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

SPUS 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.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

SPUS The 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.com sp-funds.com
Size 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.
Distributions land monthly, not the quarterly rhythm most S&P 500 trackers keep.

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

SPUS 0.45% is the toll for the screen. Plain index wrappers like SCHK (0.03%) and SPYV (0.04%) charge a sliver of that.
With conventional finance stripped out and leverage capped, the portfolio is non-diversified and leans harder on technology than the parent index.sp-funds.com spglobal.com
Compliance 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

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full SPUS profile⁠

Full SPYV profile⁠

SPUS vs SPYV Holdings

How SPUS and SPYV differ

Overlap by weight

40.3%

Shared holdings make up 51.9% of SPUS and 45.9% of SPYV.

Level by level

Holdings171 in both40.3%
Sector11 Sectors57.3%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in SPUS and SPYV, widest gap first
Sector	More in SPUSMore in SPYV	SPUS	SPYV
Technology	SPUS +40.1 points	60.9%	20.8%
Financials	SPYV +15.2 points	0.0%	15.2%
Consumer Staples	SPYV +6.3 points	2.7%	9.0%
Energy	SPYV +5.0 points	3.2%	8.2%
Industrials	SPYV +4.8 points	6.0%	10.8%
Utilities	SPYV +3.8 points	0.2%	4.0%
Consumer Discretionary	SPYV +3.6 points	6.2%	9.8%
Communication	SPUS +2.6 points	5.1%	2.5%
Real Estate	SPYV +2.4 points	0.7%	3.1%
Health Care	SPYV +1.0 points	12.3%	13.3%
Materials	SPYV +0.5 points	2.8%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in SPUS and SPYV, widest gap first
Country	More in SPUSMore in SPYV	SPUS	SPYV
United States	SPUS +0.4 points	99.6%	99.2%
Switzerland	SPYV +0.5 points	0.1%	0.6%
China	SPUS +0.1 points	0.2%	0.1%
Mexico	SPUS +0.1 points	0.1%	0.0%
Ireland	SPYV +0.1 points	0.0%	0.1%
United Kingdom	SPYV +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

SPUS57.2%
SPYV24.4%

Securities held

SPUS214
SPYV435

Asset class

SPUS: Equity
SPYV: Equity

Holdings

Only in SPUS43
In both171
Only in SPYV264

Only in SPUS

43 securities, 47.8% of SPUS by weight

NVIDIA Corp12.93%
Microsoft Corp10.12%
Alphabet Inc4.29%
Broadcom Inc4.05%
Eli Lilly & Co2.96%
Micron Technology Inc2.61%
Advanced Micro Devices Inc2.15%
Applied Materials Inc0.81%
Lam Research Corp0.78%
Crowdstrike Holdings Inc0.66%
GE Vernova Inc0.60%
Kla Corp0.53%
Arista Networks Inc0.45%
Sandisk Corp0.44%
Welltower Inc0.43%
Intuitive Surgical Inc0.40%
Uber Technologies Inc0.34%
Booking Holdings Inc0.30%
Newmont Corp0.30%
Quanta Services Inc0.24%
Vertiv Holdings Co0.23%
Lumentum Holdings Inc0.19%
O'Reilly Automotive Inc0.19%
DoorDash Inc0.18%
Monster Beverage Corp0.18%
Bloom Energy Corp0.16%
Monolithic Power Systems Inc0.15%
Ciena Corp0.12%
IDEXX Laboratories Inc0.12%
Everpure Inc0.11%
Comfort Systems USA Inc0.11%
Coherent Corp0.10%
Expedia Group Inc0.09%
Flex Ltd0.08%
Twilio Inc0.08%
Ulta Beauty Inc0.07%
VeriSign Inc0.06%
Tapestry Inc0.06%
Incyte Corp0.05%
First Solar Inc0.05%
Ralph Lauren Corp0.04%
Rollins Inc0.03%
Insulet Corp0.02%

Only in SPYV

264 securities, 54.0% of SPYV by weight

Amazon.com Inc3.66%
Walmart Inc1.76%
Intel Corp1.49%
Chevron Corp1.49%
Costco Wholesale Corp1.44%
UnitedHealth Group Inc1.20%
Bank of America Corp1.08%
Visa Inc Class A Shares1.03%
JPMorgan Chase & Co0.95%
Wells Fargo & Co0.84%
Citigroup Inc0.69%
Coca Cola Co/The0.68%
Walt Disney Co/The0.62%
Verizon Communications Inc0.59%
Nextera Energy Inc0.56%
Pfizer Inc0.56%
Mastercard Inc A0.55%
BlackRock Inc0.55%
Deere & Co0.54%
General Electric0.51%
Eaton Corp PLC0.50%
Schwab (Charles) Corp0.47%
Dell Technologies C0.47%
At+t Inc0.47%
Philip Morris International0.47%
Western Digital Corp0.46%
Lockheed Martin Corp0.43%
Altria Group Inc0.42%
Capital One Financial Corp0.42%
Chubb Ltd0.41%
Bristol Myers Squibb Co0.41%
Prologis Inc0.40%
Marathon Petroleum Corp0.40%
Starbucks Corp0.39%
Cvs Health Corp0.38%
Automatic Data Processing0.37%
Valero Energy Corp0.36%
Phillips 660.36%
Southern Co/The0.35%
McDonald’s Corp0.33%
Duke Energy Corp0.32%
Goldman Sachs Group Inc0.31%
Us Bancorp0.31%
Marsh & Mclennan Cos0.31%
Pnc Financial Services Group0.30%
Intercontinental Exchange In0.30%
Williams Cos Inc0.30%
Elevance Health Inc0.30%
Blackstone Inc0.29%
Morgan Stanley0.29%

Weight gaps

The 100 widest of 171 Holdings in both funds.

Holding weights in SPUS and SPYV, widest gap first
Holding	More in SPUSMore in SPYV	SPUS	SPYV
Apple IncAAPL	SPUS +4.83 points	13.13%	8.30%
Tesla IncTSLA	SPUS +1.53 points	2.94%	1.41%
Johnson & JohnsonJNJ	SPUS +0.82 points	1.71%	0.89%
AbbVie IncABBV	SPUS +0.46 points	1.36%	0.90%
ExxonMobil Holdings CorpXOM	SPYV +0.45 points	2.01%	2.46%
Cisco Systems IncCSCO	SPUS +0.42 points	1.08%	0.66%
Palo Alto Networks IncPANW	SPUS +0.33 points	0.77%	0.44%
International Business Machines CorpIBM	SPUS +0.25 points	0.63%	0.38%
Gilead Sciences IncGILD	SPUS +0.24 points	0.55%	0.31%
Procter & Gamble Co/ThePG	SPYV +0.23 points	0.99%	1.22%
Texas Instruments IncTXN	SPYV +0.22 points	0.71%	0.93%
Merck & Co IncMRK	SPYV +0.22 points	0.96%	1.18%
Home Depot Inc/TheHD	SPYV +0.21 points	0.86%	1.07%
Oracle CorpORCL	SPUS +0.19 points	0.57%	0.38%
QUALCOMM IncQCOM	SPYV +0.20 points	0.45%	0.65%
Seagate Technology Holdings PLCSTX	SPUS +0.18 points	0.37%	0.19%
Thermo Fisher Scientific IncTMO	SPYV +0.18 points	0.67%	0.85%
TJX Cos Inc/TheTJX	SPUS +0.17 points	0.40%	0.23%
Analog Devices IncADI	SPYV +0.16 points	0.53%	0.69%
Corning IncGLW	SPUS +0.15 points	0.25%	0.10%
ServiceNow IncNOW	SPUS +0.15 points	0.29%	0.14%
Linde PLCLIN	SPYV +0.15 points	0.61%	0.76%
Johnson Controls International plcJCI	SPUS +0.13 points	0.24%	0.11%
Salesforce IncCRM	SPYV +0.14 points	0.48%	0.62%
Fortinet IncFTNT	SPUS +0.13 points	0.23%	0.10%
Constellation Energy CorpCEG	SPUS +0.13 points	0.22%	0.09%
Cadence Design Systems IncCDNS	SPUS +0.12 points	0.23%	0.11%
Union Pacific CorpUNP	SPYV +0.11 points	0.47%	0.58%
Marvell Technology IncMRVL	SPUS +0.12 points	0.45%	0.33%
Abbott LaboratoriesABT	SPYV +0.11 points	0.48%	0.59%
PepsiCo IncPEP	SPYV +0.10 points	0.49%	0.59%
Cummins IncCMI	SPUS +0.10 points	0.18%	0.08%
TE Connectivity PLCTEL	SPUS +0.10 points	0.17%	0.07%
ConocoPhillipsCOP	SPYV +0.10 points	0.49%	0.59%
Boston Scientific CorpBSX	SPUS +0.10 points	0.17%	0.07%
Danaher CorpDHR	SPYV +0.09 points	0.39%	0.48%
Trane Technologies PLCTT	SPUS +0.09 points	0.24%	0.15%
eBay IncEBAY	SPUS +0.09 points	0.13%	0.04%
Equinix IncEQIX	SPYV +0.08 points	0.25%	0.33%
Accenture PLCACN	SPYV +0.08 points	0.41%	0.49%
Medtronic PLCMDT	SPYV +0.08 points	0.31%	0.39%
United Rentals IncURI	SPUS +0.08 points	0.19%	0.11%
Synopsys IncSNPS	SPYV +0.08 points	0.23%	0.31%
Vertex Pharmaceuticals IncVRTX	SPYV +0.08 points	0.37%	0.45%
AutoZone IncAZO	SPUS +0.07 points	0.13%	0.06%
Lowe's Cos IncLOW	SPYV +0.07 points	0.31%	0.38%
Autodesk IncADSK	SPUS +0.07 points	0.14%	0.07%
Freeport-McMoRan IncFCX	SPYV +0.07 points	0.24%	0.31%
Ross Stores IncROST	SPUS +0.07 points	0.20%	0.13%
3M CoMMM	SPYV +0.06 points	0.24%	0.30%
McKesson CorpMCK	SPYV +0.06 points	0.31%	0.37%
Emerson Electric CoEMR	SPYV +0.06 points	0.25%	0.31%
Stryker CorpSYK	SPUS +0.05 points	0.26%	0.21%
Adobe IncADBE	SPYV +0.06 points	0.26%	0.32%
WW Grainger IncGWW	SPYV +0.05 points	0.14%	0.19%
Kimberly-Clark CorpKMB	SPUS +0.05 points	0.17%	0.12%
CSX CorpCSX	SPYV +0.06 points	0.26%	0.32%
Waste Management IncWM	SPYV +0.05 points	0.23%	0.28%
Rockwell Automation IncROK	SPUS +0.06 points	0.13%	0.07%
Teradyne IncTER	SPUS +0.06 points	0.12%	0.06%
Norfolk Southern CorpNSC	SPYV +0.05 points	0.20%	0.25%
United Parcel Service IncUPS	SPYV +0.05 points	0.21%	0.26%
NXP Semiconductors NVNXPI	SPYV +0.05 points	0.17%	0.22%
EOG Resources IncEOG	SPYV +0.05 points	0.23%	0.28%
Edwards Lifesciences CorpEW	SPUS +0.04 points	0.14%	0.10%
SLB LtdSLB	SPYV +0.05 points	0.21%	0.26%
Cintas CorpCTAS	SPYV +0.04 points	0.20%	0.24%
Air Products and Chemicals IncAPD	SPYV +0.05 points	0.18%	0.23%
Illinois Tool Works IncITW	SPYV +0.04 points	0.20%	0.24%
Waters CorpWAT	SPYV +0.04 points	0.11%	0.15%
Target CorpTGT	SPYV +0.04 points	0.18%	0.22%
Workday IncWDAY	SPUS +0.04 points	0.11%	0.07%
Sherwin-Williams Co/TheSHW	SPYV +0.04 points	0.21%	0.25%
Ecolab IncECL	SPYV +0.04 points	0.21%	0.25%
Jabil IncJBL	SPUS +0.04 points	0.08%	0.04%
Fastenal CoFAST	SPYV +0.04 points	0.16%	0.20%
Cencora IncCOR	SPYV +0.04 points	0.17%	0.21%
Crh PLCCRH	SPYV +0.04 points	0.16%	0.20%
Dexcom IncDXCM	SPUS +0.04 points	0.09%	0.05%
Colgate-Palmolive CoCL	SPYV +0.04 points	0.20%	0.24%
NetApp IncNTAP	SPYV +0.04 points	0.10%	0.14%
Mondelez International IncMDLZ	SPYV +0.04 points	0.22%	0.26%
Ferguson Enterprises IncFERG	SPUS +0.04 points	0.12%	0.08%
Carrier Global CorpCARR	SPYV +0.04 points	0.11%	0.15%
Westinghouse Air Brake Technologies CorpWAB	SPYV +0.04 points	0.12%	0.16%
Nucor CorpNUE	SPYV +0.03 points	0.17%	0.20%
Garmin LtdGRMN	SPYV +0.03 points	0.12%	0.15%
Agilent Technologies IncA	SPYV +0.04 points	0.13%	0.17%
Skyworks Solutions IncSWKS	SPYV +0.04 points	0.03%	0.07%
Cardinal Health IncCAH	SPYV +0.03 points	0.16%	0.19%
Microchip Technology IncMCHP	SPYV +0.03 points	0.11%	0.14%
ResMed IncRMD	SPUS +0.04 points	0.09%	0.05%
Diamondback Energy IncFANG	SPYV +0.03 points	0.11%	0.14%
Regeneron Pharmaceuticals IncREGN	SPYV +0.03 points	0.23%	0.26%
Occidental Petroleum CorpOXY	SPYV +0.03 points	0.12%	0.15%
NIKE IncNKE	SPYV +0.03 points	0.12%	0.15%
Illumina IncILMN	SPUS +0.02 points	0.09%	0.07%
Biogen IncBIIB	SPYV +0.03 points	0.09%	0.12%
West Pharmaceutical Services IncWST	SPYV +0.03 points	0.07%	0.10%
Mettler-Toledo International IncMTD	SPUS +0.03 points	0.09%	0.06%

All 200 SPUS holdings⁠All 435 SPYV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPUS vs SPYV Cost

Overpaying SPUS vs SPYV

$8,192

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SPUS 0.45%
$9,041
SPYV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

SPUS 0.45%
SPYV 0.04%
Overpaying

Year by year

Year	SPUS	SPYV	Overpaying
10	$812	$73	$739
20	$3,128	$288	$2,840
30	$9,041	$849	$8,192

Expense ratio

0.45%SPUS
0.04%SPYV, cheaper

SPYV0.04%SPUS0.45%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

SPUS 28th cheapest of 42 funds

SPUS vs SPYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPUS 0.52%; SPYV 1.65%, better
Payout (12M): SPUS $0.31; SPYV $1.06
Last payment: SPUS $0.03; SPYV $0.27
Ex-dividend: SPUS Oct 27, 2026; SPYV Sep 21, 2026
Paid on: SPUS Oct 28, 2026; SPYV Sep 23, 2026
Frequency: SPUS Monthly; SPYV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

SPUSMonthly · 46 paymentsAll SPUS payments⁠

SPYVQuarterly · 15 paymentsAll SPYV payments⁠

SPUS vs SPYV Risk

Fall from peak · 5 years

SPUS
SPYV

Risk facts

VolatilityStd dev, 3 years: SPUS 14.8%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years: SPUS 1.33, betterSPYV 1.17
Worst fallMax drawdown, 5 years: SPUS −28.0%SPYV −17.9%, better
Market sensitivityBeta, 5 years: SPUS 1.09SPYV 0.83; Market = 1

SPUS and SPYV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SPYV
ETF Filings
SP Funds Trust files for two Shariah ETFs, U.S. Small Cap and Equity Income
Oct 12, 2026SPUS
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SPYV

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SPUS vs SPYV

In short

Stated mandate

Why people hold it