Compliant 50 vs S&P 500

Trailing one-year performance of an equal-weight basket of the 50 largest Shariah-compliant S&P 500 companies against the S&P 500 index.

Methodology Equal-weight, daily-rebalanced backtest of current constituents Data source Yahoo Finance (adjusted daily closes) Universe Top 50 compliant S&P 500 companies by market cap Last updated 2026-08-18
+84.7%
Compliant 50, trailing 1y
+20.1%
S&P 500 index, trailing 1y
+64.6%
Excess return
1.25
Beta vs S&P 500

Growth of 100 — trailing one year

Risk statistics

Metric Compliant 50 S&P 500
Total return (1y) +84.7% +20.1%
Annualised volatility +18.5% +12.9%
Maximum drawdown -10.1% -9.1%

Best and worst constituents, trailing 1y

Ticker Company Sector 1y return
SNDK Sandisk Information Technology +3825.4%
WDC Western Digital Information Technology +604.5%
STX Seagate Technology Information Technology +532.0%
INTC Intel Information Technology +337.4%
DELL Dell Technologies Information Technology +251.8%
LRCX Lam Research Information Technology +249.7%
AMAT Applied Materials Information Technology +229.8%
MRVL Marvell Technology Information Technology +206.0%
AMD Advanced Micro Devices Information Technology +187.3%
GLW Corning Inc. Information Technology +167.3%
META Meta Platforms Communication Services -25.6%
CRM Salesforce Information Technology -21.1%
UBER Uber Industrials -20.2%
ABT Abbott Laboratories Health Care -13.3%
MSFT Microsoft Information Technology -6.4%

Methodology & caveats

The Compliant 50 is the 50 largest S&P 500 companies (by market capitalisation) that pass the nightly AAOIFI Standard 21 screen, equal-weighted and rebalanced daily, using dividend- and split-adjusted closes. Both series are indexed to 100 one year ago.

Read the outperformance carefully. Three biases work in the basket's favour:

  • Look-ahead / survivorship: constituents are today's compliant list applied backwards. A company that was non-compliant for most of the year but compliant today is included for the whole window. This is a trailing portrait of the current basket, not a tradable track record.
  • Equal weighting vs a cap-weighted benchmark: the index weights mega-caps; equal weighting gives its smallest members 25× the index's relative exposure.
  • Concentration: excluding financials tilts the basket toward technology — in the current window the AI-memory rally (SNDK, WDC, STX) accounts for most of the excess return.

Nothing on this page is investment advice or a solicitation. Data quality guard: any constituent showing a >60% single-day move (an unadjusted-split artifact) is dropped from the basket and listed in meta.errors.