^IMUS vs. UMMA
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IMUS or UMMA.
Key characteristics
| ^IMUS | UMMA | |
|---|---|---|
| YTD Return | 17.48% | 8.68% |
| 1Y Return | 26.55% | 19.93% |
| Sharpe Ratio | 1.75 | 1.17 |
| Daily Std Dev | 13.51% | 16.45% |
| Max Drawdown | -47.72% | -34.17% |
| Current Drawdown | -2.85% | -4.38% |
Correlation
The correlation between ^IMUS and UMMA is 0.78, 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.
Performance
^IMUS vs. UMMA - Performance Comparison
In the year-to-date period, ^IMUS achieves a 17.48% return, which is significantly higher than UMMA's 8.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^IMUS vs. UMMA - Risk-Adjusted Performance 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.
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. For additional features, visit the drawdowns tool.
Volatility
^IMUS vs. UMMA - Volatility Comparison
The current volatility for Dow Jones Islamic Market U.S. Index (^IMUS) is 4.38%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 4.85%. 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.