What does expense ratio mean and how do SPTE and SPUS compare?

The expense ratio is the annual fee expressed as a percentage of your investment. It reduces net returns. SPTE has a ratio of 0.55%, while SPUS is lower at 0.45%. This 0.10 percentage point difference means SPUS retains more of its gross return for investors. Over long periods, even small fee differences can compound, affecting final balances. Beginners should view fees as costs for managing the fund, not guarantees of performance. Always consider total cost when evaluating ETFs.

How do ETF distributions work regarding dividend yields?

Dividend yields indicate income generated by underlying holdings, not the fund itself. If a fund pays distributions, those are typically derived from dividends received. Higher yield doesn't guarantee stable payments. SPTE shows a yield of 0.68%, and SPUS shows 0.51%. Both rates are modest. Some ETFs reinvest distributions automatically if you choose so, while others pay cash out. Understand the fund’s payment schedule and whether distributions are taxable events in your jurisdiction.

Which sectors do SPTE and SPUS focus on, and how do they differ?

SPTE concentrates on global technology firms, including international players. Its sector exposure is heavily weighted toward tech hardware, semiconductors, and software. SPUS applies Sharia exclusions to US large growth stocks. While it includes major tech names, it also holds healthcare and energy stocks, offering broader sectoral diversification. This difference means SPUS may perform differently during sector-specific downturns. Review the actual holdings to understand each fund’s specific exposure.

How significant is the overlap in top holdings between the two funds?

Both SPTE and SPUS share six major technology companies in their top ten holdings: AAPL, NVDA, MSFT, AVGO, MU, and AMD. This high degree of overlap means both funds are sensitive to the same sector trends. If tech stocks decline, both ETFs may fall. However, SPTE includes more international names like SAP, while SPUS holds non-tech sectors like healthcare. The correlation in tech performance is strong, but their overall portfolio structures differ.

What are the risks associated with SPTE's global technology focus?

SPTE faces concentration risk because its top five holdings account for nearly half of its assets. This makes the fund heavily dependent on a few large-cap tech stocks. Additionally, its global focus introduces currency and geopolitical risks not present in US-only funds. With a net asset value of $250 million and an inception date of November 2023, it lacks long-term performance history. Investors should assess their tolerance for sector-specific volatility.

What should investors know about SPUS’s Sharia exclusion criteria?

SPUS excludes companies that do not meet specific ethical and financial screening standards required for Sharia compliance. This may restrict exposure to certain sectors or high-debt companies. While it includes major tech stocks like NVDA and AAPL, the exclusionary rules shape its portfolio differently from standard S&P 500 funds. Its net assets of $3.2 billion provide deep liquidity. Investors seeking ethical alignment must understand these specific exclusion parameters.

How does fund liquidity differ between SPTE and SPUS?

Liquidity refers to how easily you can buy or sell shares without affecting the price. SPUS has $3.2 billion in net assets, offering deep liquidity for large transactions. SPTE has $250 million, which supports moderate liquidity. In volatile markets, larger funds often have tighter bid-ask spreads. Beginners should check trading volume when comparing. Lower liquidity might make exiting positions harder during market stress, though both funds trade on major exchanges.

How does historical performance data affect the evaluation of these funds?

SPUS launched in December 2019, providing several years of historical data. SPTE began in November 2023, offering limited long-term tracking records. When evaluating ETFs, past performance never guarantees future results. However, longer histories help analysts assess tracking accuracy and resilience during various market conditions. For newer funds like SPTE, investors must rely more on methodology, holdings, and expense ratios rather than historical track records.

Which investing goal is typically associated with SPTE?

SPTE is associated with targeted exposure to global technology trends. It suits investors specifically seeking growth opportunities in international and US tech sectors. It is not a broad market fund. Its focus means performance will largely mirror the tech industry. Investors with this specific thematic interest might consider it, understanding it carries higher sector risk than diversified funds. It aligns with goals prioritising technology growth over broad stability.

Which investing goal aligns with SPUS and what disclaimer applies?

SPUS aligns with investors seeking large-cap US growth stocks while adhering to Sharia exclusion principles. It offers broader sector diversification than pure tech funds. However, it still carries market risk. Remember, this content is educational only and not financial advice. Always conduct your own research or consult a qualified advisor before making investment decisions. Individual circumstances vary, and past performance does not predict future outcomes.

SPTE vs SPUS

Two funds, one decision: we compare cost, performance and what each ETF actually holds in October 2026.

Compare SP Funds Trust S&P Global Technology ETF (SPTE) and SP US S&P 500 Sharia Exclusions ETF (SPUS). Review expense ratios of 0.55% and 0.45%, net assets of $250 million and $3.2 billion, dividend yields of 0.68% and 0.51%, and top holdings like NVDA, AAPL, and MSFT. See how SPTE tracks global technology while SPUS applies Sharia exclusions to S&P 500 growth. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SPTE

Metric

SPUS

0.55%

Expense Ratio

0.45%

0.68%

Dividend Yield

0.51%

$250.18M

Net Assets

$3.20B

106

Holdings

221

Nov 30, 2023

Inception Date

Dec 18, 2019

–

Index Tracked

–

Technology

Fund Category

Large Growth

SPUS costs about $10.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SPTE	SPUS
AAPLApple Inc.	11.84%	12.82%
NVDANVIDIA Corporation	11.31%	13.76%
MSFTMicrosoft Corporation	8.80%	9.58%
AVGOBroadcom Inc.	4.08%	4.24%
MUMicron Technology, Inc.	2.74%	2.84%
AMDAdvanced Micro Devices, Inc.	2.21%	2.29%

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HLAL vs SPUS

Compare HLAL and SPUS Sharia ETFs. Review 0.50% and 0.45% expense ratios, 0.43% and 0.51% yields, top holdings like NVDA and AAPL, and tracking differences.

Investment Analysis

SPTE

Pros

Net assets of $250 million support moderate liquidity for investors seeking global technology exposure.
The fund offers broad geographic diversification including established international technology firms like SAP and ASX.
An expense ratio of 0.55% reflects operational costs for a specialised global sector strategy launched recently.

Considerations

The top five holdings account for 47.91% of assets, indicating significant concentration risk in large-cap technology stocks.
The relatively low dividend yield of 0.68% may not suit investors prioritising regular income streams from equity holdings.
Fund age since November 2023 provides limited historical performance data for evaluating long-term tracking accuracy and resilience.

SPUS

Pros

Net assets of $3.2 billion provide deep liquidity and robust market infrastructure for institutional and retail participation.
A lower expense ratio of 0.45% compared to similar sector funds enhances net return potential for cost-sensitive investors.
Inclusion of non-technology sectors like healthcare and energy supports broader sectoral diversification than pure technology strategies.

Considerations

Sharia exclusions potentially limit investment options by removing sectors or companies failing specific ethical screening criteria.
A dividend yield of 0.51% offers minimal income generation, reflecting the growth-oriented nature of many constituent companies.
High weighting in top technology names creates overlap with broader growth strategies, potentially increasing correlation during downturns.

About SPTE and SPUS

SPTE (SPTE)

The SP Funds Trust S&P Global Technology ETF offers investors a way to gain diversified exposure to the technology sector through a single investment vehicle. As a passive fund, it aims to track the performance of a global technology index, holding shares in 106 companies at the time of writing. With a market focus that spans borders, it provides access to tech firms worldwide, potentially including giants in software, hardware, and internet services. The fund has an expense ratio of 0.55% and reported net assets of USD 250 million, indicating moderate size and liquidity. It was launched in November 2023, making it a relatively new entrant in the ETF market. Investors receive a dividend yield of 0.68%, reflecting income distributions from underlying holdings. Like all equity funds, its value can fluctuate, and returns are not guaranteed.

SPUS (SPUS)

The SP US S&P 500 Sharia Exclusions ETF offers investors exposure to large-cap US companies that meet specific Sharia compliance criteria. By filtering out businesses involved in prohibited activities such as alcohol, gambling, and conventional financial services, this fund aims to align with ethical investing principles while tracking the performance of eligible large growth companies. With a net asset value of approximately USD 3.20 billion and a moderate expense ratio of 0.45%, it provides a accessible entry point for those interested in faith-based or ethical equity strategies. The fund currently holds 221 distinct stocks, offering diversification within its specific screening framework. While it provides a 0.51% dividend yield, investors should note that capital values can fluctuate significantly. As an ETF launched in late 2019, it has established a track record within the ethical investing landscape, though past performance does not guarantee future results. Potential investors should consider their own values and risk tolerance carefully.

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SPTE vs SPUS

Fund Snapshot

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HLAL vs SPUS

Investment Analysis

SPTE

Pros

Considerations

SPUS

Pros

Considerations

About SPTE and SPUS

Buy SPTE or SPUS in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What does expense ratio mean and how do SPTE and SPUS compare?

How do ETF distributions work regarding dividend yields?

Which sectors do SPTE and SPUS focus on, and how do they differ?

How significant is the overlap in top holdings between the two funds?

What are the risks associated with SPTE's global technology focus?

What should investors know about SPUS’s Sharia exclusion criteria?

How does fund liquidity differ between SPTE and SPUS?

How does historical performance data affect the evaluation of these funds?

Which investing goal is typically associated with SPTE?

Which investing goal aligns with SPUS and what disclaimer applies?

Fund Snapshot

About SPTE and SPUS

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HLAL vs SPUS