Azzad Wise Capital Fund (WISEX)
The fund invests primarily in fixed income securities issued for payment by international financial institutions, foreign governments, and agencies of foreign governments in transactions structured to be compliant with the fund's ethical investment guidelines. It does not invest in corporations that derive substantial revenue (defined as more than 5% of total revenue) from alcohol, tobacco, pornography, pork, gambling, hydraulic fracturing, private prisons, or weapons industries as determined by the Adviser.
Fund Info
| ISIN | US0550603056 |
|---|---|
| CUSIP | 055060305 |
| Issuer | Azzad Fund |
| Inception Date | Apr 1, 2010 |
| Category | Short-Term Bond |
| Min. Investment | $4,000 |
| Asset Class | Bond |
Expense Ratio
WISEX has a high expense ratio of 0.89%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: WISEX vs. AMANX, WISEX vs. AMAPX, WISEX vs. AMAGX, WISEX vs. ADJEX, WISEX vs. HLAL, WISEX vs. VBTIX, WISEX vs. XLK, WISEX vs. SPSK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Azzad Wise Capital 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 Wise Capital Fund had a return of 0.80% year-to-date (YTD) and 3.56% in the last 12 months. Over the past 10 years, Azzad Wise Capital Fund had an annualized return of 1.80%, while the S&P 500 had an annualized return of 10.33%, indicating that Azzad Wise Capital Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.80% | 5.21% |
| 1 month | -0.75% | -4.30% |
| 6 months | 3.40% | 18.42% |
| 1 year | 3.56% | 21.82% |
| 5 years (annualized) | 2.00% | 11.27% |
| 10 years (annualized) | 1.80% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.37% | 0.44% | 0.75% | |||||||||
| 2023 | -0.22% | 1.42% | 1.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of WISEX is 94, placing it in the top 6% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Azzad Wise Capital Fund(WISEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Azzad Wise Capital Fund granted a 2.73% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.28 | $0.16 | $0.16 | $0.14 | $0.20 | $0.19 | $0.12 | $0.10 | $0.07 | $0.08 | $0.25 |
Dividend yield | 2.73% | 2.66% | 1.54% | 1.42% | 1.31% | 1.84% | 1.84% | 1.11% | 0.99% | 0.68% | 0.77% | 2.49% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.02 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
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 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 0.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.28% | Feb 18, 2020 | 25 | Mar 23, 2020 | 72 | Jul 6, 2020 | 97 |
| -5.28% | Nov 10, 2021 | 238 | Oct 20, 2022 | 287 | Dec 12, 2023 | 525 |
| -3.43% | May 15, 2013 | 28 | Jun 24, 2013 | 170 | Feb 26, 2014 | 198 |
| -2.34% | Jun 22, 2011 | 46 | Aug 25, 2011 | 205 | Jun 19, 2012 | 251 |
| -2% | Apr 15, 2010 | 37 | Jun 7, 2010 | 64 | Sep 7, 2010 | 101 |
Volatility
Volatility Chart
The current Azzad Wise Capital Fund volatility is 0.53%, 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.