SPRE - ETF AI Analysis
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SP Funds S&P Global REIT Sharia ETF (SPRE)
Rating:59Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered solid gains so far this year, showing positive momentum for investors.
Leading REIT Holdings
Several of the largest positions, such as Prologis, Welltower, and Equinix, have shown strong performance, helping support the fund’s returns.
Global Real Estate Exposure
Holdings across the U.S., Australia, Turkey, and Singapore provide international diversification within the real estate market.
Negative Factors
High Concentration in Top Holdings
A small number of companies make up a large share of the portfolio, increasing the impact if any of these names run into trouble.
Sector Concentration in Real Estate
The fund is heavily focused on real estate, which means it can be more sensitive to property market cycles, interest rates, and economic slowdowns.
Mixed Performance Among Key Positions
Some sizable holdings, including Goodman Group and a few others, have shown weaker or negative performance, which can drag on overall returns.
SPRE vs. SPDR S&P 500 ETF (SPY)
AUM199.51M
RegionGlobal
Expense Ratio0.50%
Beta0.56
IssuerSP Funds
Inception DateDec 30, 2020
Dividend Yield4.05%
Asset ClassEquity
Index TrackedS&P Global All Equity REIT Shariah Capped Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume51,597
30 Day Avg. Volume65,835
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
22.67Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPRE Summary
SPRE is an exchange-traded fund (ETF) that invests in real estate companies around the world, following the S&P Global All Equity REIT Shariah Capped Index. It focuses on Real Estate Investment Trusts (REITs) that meet Islamic (Sharia) guidelines, with most holdings in the U.S. and additional exposure to countries like Australia and Singapore. Well-known companies in the fund include Prologis and Welltower. Investors might consider SPRE for diversified, globally spread real estate exposure with an ethical or faith-based approach. A key risk is that real estate values and REIT prices can go up and down with interest rates and the broader property market.
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
SPRE is essentially a global real estate play, with a heavy tilt toward large, specialized REITs. Welltower and Prologis have been doing much of the heavy lifting, rising steadily on the back of strong demand for senior housing and logistics properties. Equinix adds a data-center twist and, despite some recent choppiness, remains a key growth engine. On the flip side, Australia’s Goodman Group has been lagging, acting like a small anchor on performance. Overall, the fund is tightly focused on real estate, with a mix of U.S. and international exposure driving returns.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Equinix | 13.05% | $28.37M | $105.12B | 35.46% | 73 Outperform | |
| Welltower | 12.42% | $27.00M | $172.42B | 45.48% | 77 Outperform | |
| Prologis | 12.23% | $26.59M | $137.12B | 26.29% | 76 Outperform | |
| Goodman Group | 12.01% | $26.10M | AU$55.76B | -15.68% | 54 Neutral | |
| Sun Communities | 4.95% | $10.75M | $14.82B | -4.23% | 66 Neutral | |
| Weyerhaeuser | 4.93% | $10.72M | $17.61B | -8.94% | 66 Neutral | |
| Equity Lifestyle | 4.91% | $10.68M | $13.13B | 8.25% | 70 Outperform | |
| Charter Hall Group | 4.91% | $10.66M | $7.02B | 3.73% | 66 Neutral | |
| Mid-America Apartment | 4.62% | $10.03M | $15.62B | -8.19% | 71 Outperform | |
| Terreno Realty | 4.56% | $9.91M | $7.43B | 18.00% | 75 Outperform |
SPRE Technical Analysis
Negative
―
Price Trends
21.03
Negative
21.01
Negative
20.37
Negative
Market Momentum
-0.38
Positive
25.84
Positive
16.70
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 20.47, equal to the 50-day MA of 21.03, and equal to the 200-day MA of 20.37, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 25.84 is Positive, neither overbought nor oversold. The STOCH value of 16.70 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
19.80
1.03
5.49%
AVRE
Avantis Real Estate ETF
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―
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CSRE
Cohen & Steers Real Estate Active ETF
―
―
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VGSR
Vert Global Sustainable Real Estate ETF
―
―
―
GQRE
FlexShares Global Quality Real Estate Index Fund
―
―
―
SRET
Global X SuperDividend REIT 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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