Azzad Ethical Fund (ADJEX)
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.
Compare to other instruments
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%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 3.72% | 3.51% |
| Year-To-Date | 12.04% | 7.03% |
| 6 months | 17.24% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 8.54% | -0.47% | ||||||||||
| 2022 | -8.35% | 4.79% | 7.22% | -5.79% |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2007 | 227 | Nov 20, 2008 | 517 | Dec 10, 2010 | 744 |
| -37.22% | Nov 17, 2021 | 146 | Jun 16, 2022 | — | — | — |
| -33.65% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -24.05% | Apr 24, 2015 | 203 | Feb 11, 2016 | 302 | Apr 25, 2017 | 505 |
| -21.04% | Sep 17, 2018 | 69 | Dec 24, 2018 | 59 | Mar 21, 2019 | 128 |
| -20.74% | Jul 8, 2011 | 61 | Oct 3, 2011 | 85 | Feb 3, 2012 | 146 |
| -17.66% | May 9, 2006 | 51 | Jul 21, 2006 | 200 | May 9, 2007 | 251 |
| -13.46% | Feb 16, 2021 | 15 | Mar 8, 2021 | 78 | Jun 28, 2021 | 93 |
| -12.94% | Mar 27, 2012 | 161 | Nov 15, 2012 | 47 | Jan 25, 2013 | 208 |
| -12.78% | Jul 24, 2007 | 18 | Aug 16, 2007 | 25 | Sep 21, 2007 | 43 |
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.