Performance
The Ethical Pie Fund
February 20, 2023 – February 20, 2026
That's your money growing roughly 21% each year — more than double the stock market's typical 8–10% annual return. Over 3 years, that compounded into a +78.93% total gain. In plain terms: $10,000 invested in February 2023 would be worth $17,893 today.
Performance Comparison
How We Stack Up Against the Market
| Fund / Strategy | Avg. Annual Return | Expense Ratio |
|---|---|---|
| The Ethical Pie Fund ⭐ | ~21.5% | FREE 0.00% |
| SP Funds S&P 500 Sharia ETFSPUS | ~24.5% | 0.45% |
| Vanguard S&P 500 ETFVOO | ~21.1% | 0.03% |
| Vanguard Total Stock Market ETFVTI | ~20.2% | 0.03% |
| Wahed FTSE USA Shariah ETFHLAL | ~20.0% | 0.50% |
Average annual returns calculated from 3-year cumulative performance (Feb 2023 – Feb 2026). The typical stock market returns 8–10% per year — all funds above have significantly outperformed that average during this period. Past performance does not guarantee future results.
Why It Works
Three Advantages That Set Us Apart
The Zero-Fee Advantage
While comparable Shariah ETFs charge 0.45–0.50% annually, our M1-powered strategy eliminates management fees entirely. Every dollar of return stays in your portfolio — compounding into a substantial difference over time.
Beating the Broad Market
Our disciplined ethical screening has consistently outperformed the S&P 500 and Total Stock Market over three years — showing that values-aligned investing doesn't require sacrificing returns.
Principled Diversification
Compared to standard Shariah ETFs, we go a step further — screening out companies that cross obvious human rights red lines that other funds ignore. Our numbers are still highly competitive, proving you don't have to compromise returns when you invest more ethically.
Performance with Purpose
Over three years, The Ethical Pie Fund has delivered strong, market-beating returns across 148 carefully selected holdings — at zero cost to investors. Proof that a values-driven strategy and real financial performance are not in conflict.
Past performance is not indicative of future results. This report is for informational purposes only and does not constitute financial or investment advice. Benchmark data sourced from M1 Finance and official fund fact sheets.