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SPTE - ETF AI Analysis
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SP Funds S&P Global Technology ETF (SPTE)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key positions, including Nvidia, Oracle, and TSMC, have delivered strong year-to-date performance, driving the ETF’s returns.
Global Exposure
The ETF includes holdings from multiple countries outside the U.S., providing some diversification across international markets.
Solid Sector Focus
With over 91% exposure to the technology sector, the ETF benefits from the strong growth trends in tech innovation.
Negative Factors
High Concentration in U.S. Market
Over 81% of the ETF’s geographic exposure is in the U.S., making it vulnerable to domestic market fluctuations.
Sector Overexposure
The ETF is heavily concentrated in technology, which could lead to higher volatility during sector downturns.
Moderate Expense Ratio
The ETF’s expense ratio of 0.55% is higher than some low-cost alternatives, potentially reducing net returns for investors.
SPTE vs. SPDR S&P 500 ETF (SPY)
AUM81.83M
RegionGlobal
Expense Ratio0.55%
Beta1.48
IssuerSP Funds
Inception DateDec 01, 2023
Dividend Yield0.4%
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. Volume18,357
30 Day Avg. Volume16,731
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
41.18Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering92
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPTE Summary
The SP Funds S&P Global Technology ETF (SPTE) is an investment fund that focuses on the global technology sector, tracking the S&P Global 1200 Shariah Information Technology Index. It includes well-known companies like Apple and Nvidia, along with other innovative tech leaders. This ETF is ideal for investors who want to benefit from the growth of the technology industry and diversify their portfolio with exposure to global tech companies. However, since it is heavily focused on technology, its performance can be highly sensitive to changes in the tech market, which may lead to significant ups and downs.
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
The SPTE ETF is riding the wave of global tech innovation, with a strong tilt toward industry heavyweights like Apple and Nvidia, both of which have shown steady performance year-to-date, driven by their focus on AI and cloud technologies. However, Microsoft has been lagging recently, facing valuation concerns and overbought signals. Meanwhile, TSMC and ASML are adding a spark with their advanced semiconductor capabilities, though some mixed momentum tempers their impact. With a clear concentration in the technology sector and a global reach, this fund is a bet on the future of tech, albeit with some bumps along the way.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Apple | 11.47% | $9.38M | $4.10T | 18.14% | 80 Outperform | |
| TSMC | 10.89% | $8.91M | $1.19T | 60.03% | 81 Outperform | |
| Microsoft | 10.54% | $8.62M | $3.61T | 14.78% | 73 Outperform | |
| Nvidia | 10.36% | $8.48M | $4.38T | 33.19% | 76 Outperform | |
| ASML Holding NV | 5.96% | $4.88M | €347.34B | 39.89% | 76 Outperform | |
| Broadcom | 4.93% | $4.03M | $1.88T | 148.99% | 76 Outperform | |
| SAP AG | 4.17% | $3.41M | $279.46B | 3.45% | 69 Neutral | |
| Tokyo Electron | 1.61% | $1.32M | $91.33B | 35.36% | 68 Neutral | |
| Advantest | 1.59% | $1.30M | $91.06B | 130.74% | 75 Outperform | |
| Xiaomi Corp. Unsponsored ADR Class B | 1.55% | $1.27M | $134.19B | 41.76% | 71 Outperform |
SPTE Technical Analysis
Positive
―
Price Trends
35.13
Negative
33.53
Positive
30.48
Positive
Market Momentum
-0.33
Positive
50.36
Neutral
64.01
Neutral
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 35.04, equal to the 50-day MA of 35.13, and equal to the 200-day MA of 30.48, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 64.01 is Neutral, 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
34.86
7.26
26.30%
TTEQ
T. Rowe Price Technology ETF
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―
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KNCT
Invesco Next Gen Connectivity Etf
―
―
―
TEK
iShares Technology Opportunities Active ETF
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―
―
WQTM
WisdomTree Quantum Computing Fund
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―
―
CHPX
Global X AI Semiconductor & Quantum 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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