- ISIN
- US53656F2680
- Issuer
- Wahed
- Inception Date
- Jan 7, 2022
- Region
- Global (Ex-U.S.)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $293M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
UMMA Performance Chart
Wahed Dow Jones Islamic World ETF (UMMA) is up 36.4% since the beginning of the year. UMMA is currently trading at $40 per share.
Loading charts...
Returns By Period
Wahed Dow Jones Islamic World ETF (UMMA) has returned 36.44% so far this year and 59.49% over the past 12 months.
Wahed Dow Jones Islamic World ETF
- 1D
- 0.01%
- 1M
- 10.02%
- YTD
- 36.44%
- 6M
- 38.86%
- 1Y
- 59.49%
- 3Y*
- 24.05%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UMMA Monthly Returns History
Based on dividend-adjusted daily data since Jan 7, 2022, UMMA's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +16.8%, while the worst month was Mar 2026 at -11.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, UMMA closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +7.5%, while the worst single day was Apr 4, 2025 at -7.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.84% | 8.55% | -11.22% | 12.17% | 11.46% | 5.00% | 36.44% | ||||||
| 2025 | 5.33% | -0.56% | -3.56% | 1.22% | 5.89% | 4.38% | -2.77% | 1.54% | 5.66% | 4.45% | -0.44% | 3.32% | 26.65% |
| 2024 | -0.83% | 3.36% | 3.13% | -2.83% | 4.46% | 1.66% | 0.32% | 3.10% | 0.18% | -4.27% | -0.16% | -3.10% | 4.67% |
| 2023 | 11.29% | -6.77% | 6.92% | -0.33% | -0.70% | 4.33% | 2.68% | -5.58% | -5.67% | -3.43% | 11.93% | 4.93% | 18.84% |
| 2022 | -4.58% | -5.47% | -0.46% | -7.83% | 0.36% | -7.53% | 5.16% | -5.51% | -10.96% | 2.27% | 16.81% | -3.07% | -21.31% |
Benchmark Metrics
Wahed Dow Jones Islamic World ETF has an annualized alpha of 2.77%, beta of 0.94, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 07, 2022.
- This ETF captured 103.30% of S&P 500 Index gains but only 97.27% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 2.77% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.94 and R2 of 0.62, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.77%
- Beta
- 0.94
- R²
- 0.62
- Upside Capture
- 103.30%
- Downside Capture
- 97.27%
Expense Ratio
UMMA has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UMMA ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UMMA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.78 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.38 | 12.44 | +2.94 |
Dividends
Dividend History
Wahed Dow Jones Islamic World ETF provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.36 | $0.30 | $0.21 | $0.25 | $0.34 |
Dividend yield | 0.90% | 1.02% | 0.91% | 1.09% | 1.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Wahed Dow Jones Islamic World ETF. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.25 |
| 2022 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.01 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Wahed Dow Jones Islamic World ETF. 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 Wahed Dow Jones Islamic World ETF was 34.17%, occurring on Oct 14, 2022. Recovery took 397 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -34.17%Oct 2022 | 9mo 4d | 1y 7mo | 2y 4moJan 2022 - May 2024 |
2025 selloff2025 | -18.73%Apr 2025 | 6mo 13d | 1mo 27d | 8mo 10dSep 2024 - Jun 2025 |
2026 correction2026 | -14.93%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 |
2024 correction2024 | -10.15%Aug 2024 | 19d | 1mo 22d | 2mo 11dJul 2024 - Sep 2024 |
2026 pullback2026 | -7.35%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
Drawdown Indicators
| UMMA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -56.78% | +22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -9.10% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -18.90% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -10.71% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.03% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with UMMA
Add Wahed Dow Jones Islamic World ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with UMMA