^IMUS vs. UMMA

Last updated Apr 2, 2026

Compare and contrast key facts about Dow Jones Islamic Market U.S. Index (^IMUS) and Wahed Dow Jones Islamic World ETF (UMMA).

UMMA is a passively managed fund by Wahed that tracks the performance of the Dow Jones Islamic Market International Titans 100 Index. It was launched on Jan 6, 2022.

Performance

^IMUS vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones Islamic Market U.S. Index (^IMUS) and Wahed Dow Jones Islamic World ETF (UMMA). The values are adjusted to include any dividend payments, if applicable.

^IMUS vs. UMMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
^IMUS Dow Jones Islamic Market U.S. Index	-4.72%	16.79%	24.16%	32.07%	-22.29%
UMMA Wahed Dow Jones Islamic World ETF	5.89%	26.65%	4.67%	18.84%	-21.62%

Returns By Period

In the year-to-date period, ^IMUS achieves a -4.72% return, which is significantly lower than UMMA's 5.89% return.

^IMUS

• 1D: 0.89%
• 1M: -4.62%
• YTD: -4.72%
• 6M: -2.39%
• 1Y: 20.44%
• 3Y*: 17.85%
• 5Y*: 10.64%
• 10Y*: 13.65%

UMMA

• 1D: 1.88%
• 1M: -7.52%
• YTD: 5.89%
• 6M: 11.47%
• 1Y: 32.44%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^IMUS vs. UMMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^IMUS

^IMUS Risk / Return Rank: 59
^IMUS Sharpe Ratio Rank: 57
^IMUS Sortino Ratio Rank: 63
^IMUS Omega Ratio Rank: 73
^IMUS Calmar Ratio Rank: 46
^IMUS Martin Ratio Rank: 55

UMMA

UMMA Risk / Return Rank: 78
UMMA Sharpe Ratio Rank: 80
UMMA Sortino Ratio Rank: 80
UMMA Omega Ratio Rank: 76
UMMA Calmar Ratio Rank: 79
UMMA Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^IMUS vs. UMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market U.S. Index (^IMUS) and Wahed Dow Jones Islamic World ETF (UMMA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^IMUS	UMMA	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.55	-0.66
Sortino ratio Return per unit of downside risk	1.41	2.12	-0.71
Omega ratio Gain probability vs. loss probability	1.23	1.29	-0.07
Calmar ratio Return relative to maximum drawdown	1.17	2.19	-1.02
Martin ratio Return relative to average drawdown	4.81	8.69	-3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^IMUS vs. UMMA - Sharpe Ratio Comparison

The current ^IMUS Sharpe Ratio is 0.89, which is lower than the UMMA Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ^IMUS and UMMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^IMUS	UMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.55	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.33	+0.08

Correlation

The correlation between ^IMUS and UMMA is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

^IMUS vs. UMMA - Drawdown Comparison

The maximum ^IMUS drawdown since its inception was -47.72%, which is greater than UMMA's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for ^IMUS and UMMA.

Drawdown Indicators

	^IMUS	UMMA	Difference
Max Drawdown Largest peak-to-trough decline	-47.72%	-34.17%	-13.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-14.93%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.20%	—	—
Current Drawdown Current decline from peak	-7.22%	-9.99%	+2.77%
Average Drawdown Average peak-to-trough decline	-9.66%	-10.12%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.77%	-1.09%

Volatility

^IMUS vs. UMMA - Volatility Comparison

The current volatility for Dow Jones Islamic Market U.S. Index (^IMUS) is 5.96%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 9.33%. This indicates that ^IMUS experiences smaller price fluctuations and is considered to be less risky than UMMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^IMUS	UMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	9.33%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	15.21%	-5.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	20.99%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	20.24%	-1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	20.24%	-0.91%