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:
-0.77
SPY:
0.28
ADJEX:
-1.01
SPY:
0.54
ADJEX:
0.87
SPY:
1.08
ADJEX:
-0.43
SPY:
0.29
ADJEX:
-1.88
SPY:
1.35
ADJEX:
9.62%
SPY:
4.09%
ADJEX:
23.37%
SPY:
19.64%
ADJEX:
-57.92%
SPY:
-55.19%
ADJEX:
-38.17%
SPY:
-13.98%
Returns By Period
In the year-to-date period, ADJEX achieves a -13.45% return, which is significantly lower than SPY's -10.04% return. Over the past 10 years, ADJEX has underperformed SPY with an annualized return of 0.26%, while SPY has yielded a comparatively higher 11.65% annualized return.
ADJEX
-13.45%
-7.89%
-20.71%
-17.85%
0.47%
0.26%
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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 Rank
ADJEX
SPY
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 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX Azzad Ethical Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 9.18% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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) and SPDR S&P 500 ETF (SPY) have volatilities of 15.04% and 14.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.