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SPRE - ETF AI Analysis
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SP Funds S&P Global REIT Sharia ETF (SPRE)
Rating:70Neutral
Price Target:
$21.50
Positive Factors
Strong Performing Holdings
Several top holdings, such as Prologis and Welltower, have delivered strong year-to-date gains, supporting the ETF's overall performance.
Low Expense Ratio
The ETF's expense ratio of 0.5% is relatively low, making it cost-effective for investors compared to actively managed funds.
Global Exposure
The ETF includes international holdings like Goodman Group in Australia, providing some diversification beyond U.S. markets.
Negative Factors
Sector Concentration
The ETF is heavily concentrated in the real estate sector, which increases vulnerability to downturns in this specific industry.
Underperforming Holdings
Several holdings, including Equinix and Weyerhaeuser, have lagged year-to-date, potentially dragging on overall returns.
Geographic Overweight in U.S.
With over 84% of assets in U.S.-based companies, the fund is highly exposed to domestic market risks.
SPRE vs. SPDR S&P 500 ETF (SPY)
AUM174.12M
RegionGlobal
Expense Ratio0.50%
Beta0.64
IssuerSP Funds
Inception DateDec 30, 2020
Dividend Yield4.26%
Asset ClassEquity
Index TrackedS&P Global All Equity REIT Shariah Capped Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume42,506
30 Day Avg. Volume63,395
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
22.15Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering29
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPRE Summary
The SP Funds S&P Global REIT Sharia ETF (SPRE) is an investment fund that focuses on Real Estate Investment Trusts (REITs) around the world while following Sharia principles. It tracks the S&P Global REIT Shariah Index, offering exposure to high-quality real estate assets globally, with most of its holdings in the U.S. and Australia. Some well-known companies in the fund include Prologis and Equinix. Investors might consider SPRE for diversification and ethical investing in the stable real estate market. However, new investors should know that the ETF’s performance is closely tied to the real estate sector, which can be affected by economic cycles.
How much will it cost me?The SP Funds S&P Global REIT Sharia ETF (SPRE) has an expense ratio of 0.5%, which means you’ll pay $5 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a niche area, adhering to Sharia principles while targeting global REITs.
What would affect this ETF?The SPRE ETF, focused on global real estate and Sharia-compliant REITs, could benefit from rising demand for real estate investments driven by urbanization and population growth, as well as increased interest in ethical investing. However, it may face challenges from higher interest rates, which can increase borrowing costs for REITs, and economic slowdowns that could negatively impact property values and rental income. Its global exposure also means it could be affected by regional economic or regulatory changes.
SPRE Top 10 Holdings
The SP Funds S&P Global REIT Sharia ETF (SPRE) is heavily concentrated in the real estate sector, with a global mix of holdings. Prologis and Welltower are bright spots, showing steady growth thanks to strong leasing activity and strategic investments. Equinix, while expanding strategically, has struggled to gain momentum this year, and Goodman Group offers stability but lacks significant revenue growth. On the weaker side, AvalonBay and Weyerhaeuser are dragging the fund with bearish trends and market-specific challenges. Overall, the ETF’s performance hinges on its reliance on real estate heavyweights and their ability to navigate valuation concerns and market headwinds.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Welltower | 14.15% | $24.68M | $133.02B | 43.98% | 72 Outperform | |
| Prologis | 13.01% | $22.68M | $116.80B | 7.29% | 79 Outperform | |
| Equinix | 12.09% | $21.07M | $77.13B | -14.58% | 79 Outperform | |
| Goodman Group | 10.79% | $18.82M | AU$60.46B | -27.17% | 54 Neutral | |
| Sun Communities | 5.09% | $8.87M | $15.68B | 0.42% | 69 Neutral | |
| Equity Lifestyle | 4.98% | $8.67M | $12.48B | -13.00% | 73 Outperform | |
| Camden Property | 4.89% | $8.52M | $14.48B | -14.80% | 60 Neutral | |
| Mid-America Apartment | 4.86% | $8.47M | $15.73B | -17.82% | 66 Neutral | |
| Equity Residential | 4.80% | $8.37M | $22.61B | -20.65% | 70 Outperform | |
| AvalonBay | 4.79% | $8.35M | $25.16B | -22.56% | 73 Outperform |
SPRE Technical Analysis
Negative
―
Price Trends
19.40
Negative
19.24
Negative
19.14
Positive
Market Momentum
-0.05
Positive
43.41
Neutral
12.51
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPRE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 19.45, equal to the 50-day MA of 19.40, and equal to the 200-day MA of 19.14, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.41 is Neutral, neither overbought nor oversold. The STOCH value of 12.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPRE.
SPRE Peer Comparison
Comparison Results
Performance Comparison
SPRE
SP Funds S&P Global REIT Sharia ETF
19.18
-0.90
-4.48%
AVRE
Avantis Real Estate ETF
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DTCR
Global X Data Center Reits & Digital Infrastructure Etf
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VGSR
Vert Global Sustainable Real Estate ETF
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SRET
Global X SuperDividend REIT ETF
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CSRE
Cohen & Steers Real Estate Active ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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