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Azzad Ethical Fund (ADJEX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

The ethical fund seeks to achieve its objective by investing primarily in common stocks of mid-capitalization companies that the Adviser believes are high quality and/or exhibit above-average growth potential, which, for the purposes of this ethical fund, typically are companies with market capitalizations similar to those issuers included in the index over the last 13 months at the time of purchase. It will invest at least 80% of its assets in securities meeting the fund's ethical investment criteria.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Azzad Ethical Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $54,127 for a total return of roughly 441.27%. All prices are adjusted for splits and dividends.


300.00%350.00%400.00%450.00%NovemberDecember2023FebruaryMarch
441.27%
335.87%
ADJEX (Azzad Ethical Fund)
Benchmark (^GSPC)

S&P 500

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Azzad Ethical Fund

Return

Azzad Ethical Fund had a return of 12.04% year-to-date (YTD) and -7.59% in the last 12 months. Over the past 10 years, Azzad Ethical Fund had an annualized return of 9.80%, which was very close to the S&P 500 benchmark's annualized return of 10.16%.


PeriodReturnBenchmark
1 month3.72%3.51%
Year-To-Date12.04%7.03%
6 months17.24%12.88%
1 year-7.59%-10.71%
5 years (annualized)8.81%9.25%
10 years (annualized)9.80%10.16%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20238.54%-0.47%
2022-8.35%4.79%7.22%-5.79%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Azzad Ethical Fund Sharpe ratio is -0.25. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.80-0.60-0.40-0.200.00NovemberDecember2023FebruaryMarch
-0.25
-0.46
ADJEX (Azzad Ethical Fund)
Benchmark (^GSPC)

Dividend History

Azzad Ethical Fund granted a 0.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.01 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.01$0.01$2.43$1.03$0.94$0.77$2.00$0.01$0.08$1.19$1.55$0.18

Dividend yield

0.05%0.06%12.82%6.37%7.60%8.11%20.29%0.14%1.07%14.41%20.09%3.15%

Monthly Dividends

The table displays the monthly dividend distributions for Azzad Ethical Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.43
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.03
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.94
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.77
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.00
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.08
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.19
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.55
2012$0.18

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-35.00%-30.00%-25.00%-20.00%-15.00%NovemberDecember2023FebruaryMarch
-22.61%
-14.33%
ADJEX (Azzad Ethical Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Azzad Ethical Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Azzad Ethical Fund is 55.91%, recorded on Nov 20, 2008. It took 517 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-55.91%Dec 28, 2007227Nov 20, 2008517Dec 10, 2010744
-37.22%Nov 17, 2021146Jun 16, 2022
-33.65%Feb 20, 202023Mar 23, 202053Jun 8, 202076
-24.05%Apr 24, 2015203Feb 11, 2016302Apr 25, 2017505
-21.04%Sep 17, 201869Dec 24, 201859Mar 21, 2019128
-20.74%Jul 8, 201161Oct 3, 201185Feb 3, 2012146
-17.66%May 9, 200651Jul 21, 2006200May 9, 2007251
-13.46%Feb 16, 202115Mar 8, 202178Jun 28, 202193
-12.94%Mar 27, 2012161Nov 15, 201247Jan 25, 2013208
-12.78%Jul 24, 200718Aug 16, 200725Sep 21, 200743

Volatility Chart

Current Azzad Ethical Fund volatility is 18.07%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%NovemberDecember2023FebruaryMarch
18.07%
15.42%
ADJEX (Azzad Ethical Fund)
Benchmark (^GSPC)