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.
Fund Info
| ISIN | US0550602066 |
|---|---|
| CUSIP | 055060206 |
| Issuer | Azzad Fund |
| Inception Date | Dec 22, 2000 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
The Azzad Ethical Fund has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Azzad Ethical Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Azzad Ethical Fund had a return of 2.35% year-to-date (YTD) and 17.17% in the last 12 months. Over the past 10 years, Azzad Ethical Fund had an annualized return of 8.63%, while the S&P 500 had an annualized return of 10.55%, indicating that Azzad Ethical Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.35% | 6.33% |
| 1 month | -4.55% | -2.81% |
| 6 months | 25.16% | 21.13% |
| 1 year | 17.17% | 24.56% |
| 5 years (annualized) | 8.43% | 11.55% |
| 10 years (annualized) | 8.63% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.69% | 7.11% | 2.97% | |||||||||
| 2023 | -6.61% | -6.55% | 11.51% | 9.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Azzad Ethical Fund(ADJEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Azzad Ethical Fund granted a 2.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.01 | $2.43 | $1.03 | $0.94 | $0.77 | $2.00 | $0.01 | $0.08 | $1.19 | $1.55 |
Dividend yield | 2.47% | 2.53% | 0.06% | 12.81% | 5.62% | 6.35% | 6.37% | 14.98% | 0.09% | 0.69% | 9.18% | 11.64% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 |
| 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 | $1.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Azzad Ethical Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Azzad Ethical Fund was 55.91%, occurring on Nov 20, 2008. Recovery took 517 trading sessions.
The current Azzad Ethical Fund drawdown is 12.17%.
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 5, 2018 | 77 | Dec 24, 2018 | 59 | Mar 21, 2019 | 136 |
Volatility
Volatility Chart
The current Azzad Ethical Fund volatility is 5.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.