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Azzad Ethical Fund (ADJEX) Sharpe Ratio: 0.95

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

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.

ADJEX's Sharpe Ratio of 0.95 indicates that for each unit of volatility, it generates 0.95 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ADJEX Sharpe Ratio Rank

ADJEX Sharpe Ratio Rank: 12.512
Concerning

ADJEX ranks above 12.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

ADJEX Sharpe Ratio Market Positioning

The chart shows ADJEX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.44 or lower
  • Yellow zone (middle 50%): 1.44 to 2.54
  • Green zone (top 25%): 2.54 or higher
  • Top 1%: 4.67+
  • Median: 2.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Azzad Ethical Fund's Sharpe Ratio with other mutual funds in the Mid Cap Growth Equities category across multiple time periods, showing how ADJEX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NEEGXNeedham Growth Fund3.79
NEEIXNeedham Growth Fund Institutional Class3.54
VHCOXVanguard Capital Opportunity Fund Investor Shares3.38
TAAGXTimothy Plan Aggressive Growth Fund3.12
POAGXPrimeCap Odyssey Aggressive Growth Fund3.07
EEOFXEssex Environmental Opportunities Fund2.77
CTIGXCalamos Timpani SMID Growth Fund2.25
TGFRXTanaka Growth Fund2.15
MGOYXVictory Munder Mid-Cap Core Growth Fund2.15
PGOFXPioneer Select Mid Cap Growth Fund2.11
ADJEXAzzad Ethical Fund0.95

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ADJEX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ADJEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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