Azzad Wise Capital Fund (WISEX)

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Azzad Wise Capital Fund (WISEX) is up 0.7% since the beginning of the year. WISEX is currently trading at $11 per share. Investors who bought $1,000 worth of WISEX shares 5 years ago would now be looking at an investment worth $1,125.

Azzad Wise Capital Fund (WISEX) has returned 0.70% so far this year and 3.65% over the past 12 months. Over the last ten years, WISEX has returned 2.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 31, 2010, WISEX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +2.3%, while the worst month was Mar 2020 at -3.1%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 6 months.

On a daily basis, WISEX closed higher 31% of trading days. The best single day was Dec 27, 2011 with a return of +1.6%, while the worst single day was Mar 16, 2020 at -1.0%.

Azzad Wise Capital Fund has an annualized alpha of 1.50%, beta of 0.06, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since March 31, 2010.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.35%) than losses (10.10%) - typical of diversified or defensive assets.
• Beta of 0.06 may look defensive, but with R2 of 0.41 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

WISEX has an expense ratio of 0.89%, placing it in the medium range.

WISEX ranks 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Azzad Wise Capital Fund provided a 3.61% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 5 consecutive years.

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

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.

The table below displays the maximum drawdowns of the Azzad Wise Capital 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 Wise Capital Fund was 5.28%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.

The current Azzad Wise Capital Fund drawdown is 0.48%.

The chart below shows the rolling one-month volatility.