ADJEX vs. SPY
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and SPDR S&P 500 ETF (SPY).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADJEX or SPY.
Correlation
The correlation between ADJEX and SPY is 0.86, 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
ADJEX vs. SPY - Performance Comparison
Key characteristics
ADJEX:
-0.14
SPY:
2.03
ADJEX:
-0.06
SPY:
2.71
ADJEX:
0.99
SPY:
1.38
ADJEX:
-0.08
SPY:
3.02
ADJEX:
-0.55
SPY:
13.49
ADJEX:
4.64%
SPY:
1.88%
ADJEX:
18.62%
SPY:
12.48%
ADJEX:
-57.92%
SPY:
-55.19%
ADJEX:
-27.98%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ADJEX achieves a -2.47% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, ADJEX has underperformed SPY with an annualized return of 2.26%, while SPY has yielded a comparatively higher 12.94% annualized return.
ADJEX
-2.47%
-6.14%
-6.31%
-0.61%
1.79%
2.26%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ADJEX vs. SPY - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ADJEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ADJEX vs. SPY - Dividend Comparison
ADJEX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Azzad Ethical Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 9.18% | 11.64% |
SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ADJEX vs. SPY - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -57.92%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ADJEX and SPY. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. SPY - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 8.45% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that ADJEX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.