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- Upturn Summary
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Upturn AI Summary
SP Funds S&P 500 Sharia Industry Exclusions ETF(SPUS)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPUS
10/01/2026: SPUS (3-star) is a STRONG-BUY. BUY for 39 days. Simulated Profits (1.03%). Updated daily EoD!
SPUS is a specialized ETF providing U.S. large-cap equity exposure while strictly adhering to Sharia-compliant investment standards. By excluding sectors like finance, alcohol, and gambling, it builds a portfolio tilted toward technology and healthcare, offering a distinct growth-oriented profile. Its main strengths are its market-leading scale and strict adherence to a recognized index methodology, making it a reliable choice for faith-based investing. Investors should be aware of the high concentration in growth sectors and the higher expense ratio compared to standard market indices. It is best suited for long-term investors looking to align their assets with religious values while maintaining exposure to high-quality U.S. firms.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The portfolio's heavy tilt toward high-growth technology and healthcare stocks aligns well with growth-oriented goals. |
| Momentum investor | Strong fit while signal remains positive | The concentration in leading mega-cap equities makes it suitable for momentum investors when the broader market is trending upward. |
| Value investor | Mixed fit | While it excludes high-debt firms, the portfolio's growth-heavy composition may not suit classic value investors. |
| Dividend/Income investor | Mixed fit | While it pays dividends, the focus on growth stocks means it is not optimized for high-yield income strategies. |
| Low-risk investor | Weak fit | The significant concentration in the technology sector can introduce volatility higher than that of a broad market index. |
Investor Profile
Ideal Investor Profile
Investors seeking U.S. large-cap equity exposure who require strict adherence to Sharia-compliant financial and business screening criteria.
Suitability
Best for long-term investors looking for a core portfolio holding that incorporates their ethical or religious values without sacrificing potential growth.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | The sector concentration increases the potential for higher price swings compared to a diversified total market fund. |
| Market risk | Medium | Like any equity ETF, it is subject to overall stock market fluctuations. |
| Concentration | High | The exclusion of entire sectors like banking significantly reduces diversification compared to the S&P 500. |
| Tracking/expense | Low | The passive management approach generally keeps tracking error and operational costs manageable. |
| Liquidity | Low | Large-cap holdings provide sufficient liquidity to prevent excessive slippage for standard retail trades. |
| Business/sector quality | Low / none | The Sharia screening process effectively filters out firms with high debt or prohibited activities, improving overall quality. |
Risk Analysis
Volatility
SPUS exhibits moderate-to-high volatility, often tracking the beta of the S&P 500 but amplified by its concentration in volatile growth-focused technology stocks.
Market Risk
The primary risk is sector-specific; because the fund excludes financial and certain traditional industrial sectors, it is highly sensitive to the performance of the tech and healthcare sectors.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Technology | 45 | High concentration in technology reflects the index's screening process which favors asset-light, low-debt companies. |
| Sector | Healthcare | 18 | Healthcare companies often meet Sharia standards due to their stable business models and lower debt levels. |
| Sector | Consumer Discretionary | 15 | This sector allocation provides broad exposure to consumer trends while avoiding restricted industries like gambling. |
| Sector | Communication Services | 12 | Major communication stocks are included as they typically pass the Sharia financial ratio screens. |
| Cash/collateral | Cash and Cash Equivalents | 10 | Residual cash balances occur due to the rebalancing process and the need for liquidity to facilitate fund operations. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 31.8% | Avg. Invested days 58 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/01/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 1, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $3.28B |
| Issuer | SP Funds |
| Expense Ratio | 0.45% |
| Distribution Yield | 0.52% |
| Inception | Dec 17, 2019 |
Performance
| Period | Total Return |
|---|---|
| YTD | +18.02% |
| 1 Year | +24.14% |
| 3 Year | +25.39% |
| 5 Year | +15.52% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 17.18% |
| 3Y Volatility | 15.47% |
| 3Y Sharpe Ratio | 1.1 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 56.44% |
| Large Cap | 28.80% |
| Mid Cap | 13.85% |
| Small Cap | 0.67% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 61.81% |
| Healthcare | 11.85% |
| Industrials | 6.21% |
| Consumer Cyclicals | 6.08% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 22.26x |
| Portfolio P/B | 7.4x |
| Portfolio P/S | 4.97x |
| Holdings Turnover | 5.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NVIDIA | 14.13% |
| Apple | 12.60% |
| Microsoft | 9.65% |
| Alphabet Class A | 5.11% |
| Broadcom | 4.24% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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