SPUS — SP Funds S&P 500 Sharia Industry Exclusions ETF
Quarterly ETF Performance (NAV / Total Return)
Calendar 2025
Note: SPUS is a passively managed ETF tracking the S&P 500 Shariah Industry Exclusions Index. It does not report quarterly earnings. Performance is presented as total return by calendar period based on available data. Precise quarter-by-quarter NAV breakdowns are not published by SP Funds; figures below reflect known data points and estimates derived from index performance.
| Period |
Approx. Period |
NAV (Period End) |
Quarterly Return |
YoY Comparison |
AUM (approx.) |
Notes |
| Q1 2025 |
Jan–Mar 2025 |
$38.89 |
−4.5% (est.) |
vs. Q1 2024 |
$1.09B |
Tariff volatility; tech selloff |
| Q2 2025 |
Apr–Jun 2025 |
~$42.00 (est.) |
+8.0% (est.) |
— |
~$1.20B (est.) |
Market recovery |
| Q3 2025 |
Jul–Sep 2025 |
~$46.00 (est.) |
+9.5% (est.) |
— |
~$1.50B (est.) |
AI/tech rally continued |
| Q4 2025 |
Oct–Dec 2025 |
~$43.00 (est.) |
−7.0% (est.) |
— |
~$1.64B (est.) |
Late-year pullback |
| FY 2025 |
Full Year |
~$43.00 (est.) |
+4.3% (est.) |
vs. +26.5% in 2024 |
~$1.64B |
Full-year YTD per search data |
Upcoming
| Period |
Est. Rebalance / Review |
Est. NAV |
Est. YTD Return |
Source |
| Q2 2026 |
~2026-06-30 |
~$56.25 (current) |
+28.8% TTM (est.) |
Analyst consensus / ETF data |
Fund Profile
| Attribute |
Value |
| Index Tracked |
S&P 500 Shariah Industry Exclusions Index |
| Number of Holdings |
~221 |
| Expense Ratio |
0.45% |
| Dividend Yield |
~0.58% |
| AUM (as of May 2026) |
~$1.84B |
| Inception Date |
2019-12-18 |
| Exchange |
NYSE Arca (AMEX) |
Top 5 Holdings (as of May 2026)
| Holding |
Weight |
| NVIDIA (NVDA) |
13.96% |
| Apple (AAPL) |
11.55% |
| Microsoft (MSFT) |
8.89% |
| Broadcom (AVGO) |
5.73% |
| Alphabet (GOOGL) |
5.68% |
Commentary
SPUS tracks approximately 221 Sharia-compliant large-cap U.S. stocks from the S&P 500, excluding sectors such as financials (conventional banking), alcohol, tobacco, weapons, and entertainment. The fund's heavy weighting toward technology — with NVDA, AAPL, and MSFT comprising roughly 34% of assets — caused it to outperform the broad S&P 500 in strong tech years (2023: +34.2%, 2024: +26.5%) but also exposes it to greater volatility. Full-year 2025 returns were roughly flat in the mid-single digits, reflecting sector rotation away from mega-cap tech and global macro uncertainty. The trailing twelve-month return as of mid-2026 has recovered to approximately +28.8%, driven by AI infrastructure spending benefiting top holdings.
Sources
SP Funds SPUS Fund Page — sp-funds.com
SPUS Performance History — Yahoo Finance
SPUS Q1 2025 Factsheet — sp-funds.com
SPUS Overview — stockanalysis.com
SPUS ETF Profile — etfdb.com
Generated: 2026-05-12