SP Funds S&P 500 Sharia Industry Exclusions ETF vs ProShares UltraPro Short QQQ ETF — how do they compare? SP Funds S&P 500 Sharia Industry Exclusions ETF trades at $57.02, while ProShares UltraPro Short QQQ ETF trades at $40.49. The key difference: SP Funds S&P 500 Sharia Industry Exclusions ETF is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| SPUS | SQQQ | |
|---|---|---|
Sector | Broad Market / Factor | Leveraged / Inverse |
52-Week High | $59.51 | $97.60 |
52-Week Low | $45.32 | $36.31 |
Trailing returns across standard periods
SPUS tracks a market-cap weighted index of S&P 500 stocks that adhere to Sharia law. It screens out companies involved in non-compliant business activities such as alcohol, tobacco, gambling, and conventional finance, as well as excluding sectors like Aerospace & Defense, and Data Processing. By focusing on low-leverage stocks, SPUS provides investors with a value-conscious, ethically-aligned exposure to a diversified portfolio of large-cap U.S. equities.
Read more on SPUS →SQQQ is a leveraged inverse ETF that seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. It is a tactical trading tool designed for sophisticated investors to profit from or hedge against declines in large-cap technology and growth stocks. Due to its daily reset and the effects of compounding, it is intended for short-term use and carries significant risk if held during periods of high market volatility.
Read more on SQQQ →