SPTE - ETF AI Analysis
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SP Funds S&P Global Technology ETF (SPTE)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered strong gains over the past month, three months, and year-to-date, showing solid recent momentum.
Leading Global Tech Holdings
Several major technology names in the top holdings, such as Nvidia, TSMC, ASML, Broadcom, Micron, and Tokyo Electron, have shown strong performance and helped drive returns.
Global Technology Exposure
While most assets are in the U.S., the fund also includes meaningful exposure to other countries like the Netherlands and Japan, adding some international diversification within the tech sector.
Negative Factors
High Sector Concentration
With the vast majority of assets in technology, the ETF is heavily exposed to swings in the tech sector and offers little protection if tech stocks fall out of favor.
Top Holdings Are Very Concentrated
A small group of large positions, including Nvidia, Apple, TSMC, and Microsoft, make up a big share of the portfolio, increasing the impact if any of these companies struggle.
Above-Average Expense Ratio
The fund’s expense ratio is relatively high for a passive ETF, which means more of the returns are eaten up by fees over time.
SPTE vs. SPDR S&P 500 ETF (SPY)
AUM180.28M
RegionGlobal
Expense Ratio0.55%
Beta1.44
IssuerSP Funds
Inception DateDec 01, 2023
Dividend Yield0.69%
Asset ClassEquity
Index TrackedS&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume35,705
30 Day Avg. Volume43,405
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
52.87Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering92
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPTE Summary
SP Funds S&P Global Technology ETF (SPTE) is a fund that follows the S&P Global 1200 Shariah Information Technology Index, focusing on tech companies around the world, mainly in the U.S. It holds big names like Apple and Nvidia, along with other major chipmakers and software firms, giving investors a simple way to invest in the growth of the global technology sector. Someone might choose this ETF to tap into long-term tech growth and get instant diversification across many leading tech companies. However, it is heavily concentrated in technology stocks, so its price can swing a lot and may fall sharply if the tech sector struggles.
How much will it cost me?The SP Funds S&P Global Technology ETF (SPTE) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is slightly higher than the average for passively managed ETFs because it focuses on a specific sector (technology) and follows a specialized index. However, the cost reflects the targeted exposure to global tech companies, including both established leaders and emerging innovators.
What would affect this ETF?The SP Funds S&P Global Technology ETF (SPTE) could benefit from continued innovation and growth in the global technology sector, driven by advancements in artificial intelligence, cloud computing, and semiconductor development, as reflected in its top holdings like Nvidia and TSMC. However, potential risks include regulatory changes targeting big tech companies, global economic slowdowns, or rising interest rates, which could negatively impact the sector's growth and valuations. The ETF's global exposure also makes it sensitive to geopolitical tensions or trade disruptions affecting major tech hubs.
SPTE Top 10 Holdings
SPTE is riding the global tech wave, with a heavy tilt toward semiconductors and Big Tech names that span the U.S., Europe, and Asia. Nvidia, TSMC, and ASML are doing most of the heavy lifting, powered by the AI and chip boom, while Apple’s steady climb adds a dependable backbone. On the flip side, Microsoft looks a bit tired lately, and SAP has been lagging, acting like a small anchor on an otherwise fast-moving ship. Overall, this is a concentrated bet on global, high-end tech hardware and software.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 11.34% | $18.15M | $5.11T | 56.25% | 76 Outperform | |
| TSMC | 10.87% | $17.39M | $1.94T | 116.45% | 81 Outperform | |
| Apple | 10.64% | $17.02M | $4.58T | 55.37% | 79 Outperform | |
| Microsoft | 8.27% | $13.23M | $3.34T | -2.20% | 79 Outperform | |
| Broadcom | 4.47% | $7.16M | $2.12T | 84.56% | 76 Outperform | |
| ASML Holding NV | 4.38% | $7.02M | €528.97B | 111.78% | 76 Outperform | |
| Micron | 2.56% | $4.10M | $1.10T | 927.95% | 79 Outperform | |
| Advanced Micro Devices | 2.16% | $3.45M | $841.55B | 366.09% | 73 Outperform | |
| SAP AG | 1.78% | $2.84M | $211.35B | -39.98% | 69 Neutral | |
| Tokyo Electron | 1.63% | $2.61M | $149.57B | 106.59% | 68 Neutral |
SPTE Technical Analysis
Positive
―
Price Trends
40.66
Positive
38.67
Positive
36.44
Positive
Market Momentum
1.92
Negative
76.13
Negative
94.67
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SPTE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 45.25, equal to the 50-day MA of 40.66, and equal to the 200-day MA of 36.44, indicating a bullish trend. The MACD of 1.92 indicates Negative momentum. The RSI at 76.13 is Negative, neither overbought nor oversold. The STOCH value of 94.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPTE.
SPTE Peer Comparison
Comparison Results
Performance Comparison
SPTE
SP Funds S&P Global Technology ETF
48.60
20.33
71.91%
TTEQ
T. Rowe Price Technology ETF
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CLOU
Global X Cloud Computing ETF
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CHPX
Global X AI Semiconductor & Quantum ETF
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WQTM
WisdomTree Quantum Computing Fund
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KQQQ
Kurv Technology Titans Select 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.
DisclaimerThis 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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