SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) Performance
SPUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.4% since Dec 31, 2025
- 1 year
- +17.5% total return
- 5 years
- +14.7% a year
- Since first price
- +18.1% a year since 2019
SPUS trailing returns vs SPY, QQQ, AGG
| Period | SPUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.7% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.2% | +4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.5% | +10.2% | +7.8% | +8.4% | −1.5% |
| YTD | +15.4% | +14.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.5% | +16.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +96.0%+25.2%/yr | +92.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +98.2%+14.7%/yr | +89.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 18, 2019 | +212.1%+18.1%/yr | +192.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPUS vs SPY
From Dec 18, 2019: SPUS grew to $31,206, SPY to $26,281.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPUS returns by calendar year
5 of 6 full years positive. Best 2021 (+35.9%), worst 2022 (−22.8%). 2026 is year to date.
SPUS annual returns table
| Year | SPUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.4% | −10.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.8% | −22.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +26.5% | −11.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +34.2% | −10.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.8% | −27.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +35.9% | −8.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +25.7% | −30.8% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPUS largest drawdowns
Now 4.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −30.8% | Mar 23, 2020 | Jul 6, 2020 | 33 days | 5 months |
| Dec 27, 2021 | −28.1% | Oct 14, 2022 | Dec 12, 2023 | 10 months | 2.0 years |
| Jan 23, 2025 | −22.8% | Apr 8, 2025 | Jul 2, 2025 | 2 months | 5 months |
| Jul 10, 2024 | −11.5% | Aug 7, 2024 | Oct 14, 2024 | 28 days | 3 months |
| Jan 28, 2026 | −10.7% | Mar 30, 2026 | Apr 15, 2026 | 2 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPUS risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +25.3% | +16.3% | +18.5% |
| Volatility (annualized) | 15.0% | 17.6% | 18.0% |
| Sharpe ratio | 1.30 | 0.75 | 0.89 |
| Sortino ratio | 2.72 | 1.23 | 1.49 |
| Best month | +11.7% | +11.7% | +13.0% |
| Worst month | −7.5% | −9.1% | −9.1% |
| Best 12 months | +40.8% | +40.8% | +55.3% |
| Worst 12 months | +3.6% | −22.8% | −22.8% |
| Positive months | 64% | 60% | 63% |
| Beta vs S&P 500 | 1.15 | 1.09 | — |
| Correlation with S&P 500 | 0.95 | 0.96 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 71 | −22.8% | +23.3% | +55.3% | 86% |
| 3-year (a year) | 47 | +8.7% | +14.5% | +27.5% | 100% |
| 5-year (a year) | 23 | +14.0% | +16.4% | +19.4% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
SPUS performance overview
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) returned +17.5% over the past year and +14.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +18.1% a year, turning $10,000 into about $31,206. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.8%, from Feb 19, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. SPUS finished 5 of its 6 full calendar years with a gain; the best year was 2021 (+35.9%) and the worst 2022 (−22.8%). Volatility has been 18.0% a year.
Related: SPUS chart, SPUS holdings, SPUS dividends, SPUS valuation. See the SPUS overview for the latest quote and fund facts.
SPUS performance FAQ
What is the SPUS return over the past year?
SPUS returned +17.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 16.8%.
What is the average annual return of SPUS?
SPUS has returned +14.7% a year over 5 years, +18.1% a year since December 18, 2019 (total return, distributions reinvested).
How much would $10,000 invested in SPUS be worth?
$10,000 invested in SPUS at its first recorded close on December 18, 2019 would be worth about $31,206 on October 23, 2026 with distributions reinvested.
What was the worst year for SPUS?
The worst calendar year was 2022, with a total return of −22.8%. The best was 2021 at +35.9%.
What is the biggest drawdown of SPUS?
The largest peak-to-trough decline was −30.8% between February 19, 2020 and March 23, 2020. It recovered to the old high on July 6, 2020, 3 months after the bottom.
How volatile is SPUS?
Over the past 3 years SPUS had an annualized volatility of 15.0% and a Sharpe ratio of 1.30 (excess return over 1–3 month T-bills per unit of risk).