ADJEX vs. VIIIX
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADJEX or VIIIX.
Key characteristics
| ADJEX | VIIIX | |
|---|---|---|
| YTD Return | 5.72% | 9.25% |
| 1Y Return | 21.03% | 27.29% |
| 3Y Return (Ann) | 2.52% | 8.69% |
| 5Y Return (Ann) | 9.77% | 14.47% |
| 10Y Return (Ann) | 9.00% | 12.78% |
| Sharpe Ratio | 1.19 | 2.34 |
| Daily Std Dev | 17.54% | 11.67% |
| Max Drawdown | -55.91% | -55.18% |
| Current Drawdown | -9.27% | -1.51% |
Correlation
The correlation between ADJEX and VIIIX is 0.87, 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. VIIIX - Performance Comparison
In the year-to-date period, ADJEX achieves a 5.72% return, which is significantly lower than VIIIX's 9.25% return. Over the past 10 years, ADJEX has underperformed VIIIX with an annualized return of 9.00%, while VIIIX has yielded a comparatively higher 12.78% annualized 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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ADJEX vs. VIIIX - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Risk-Adjusted Performance
ADJEX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
ADJEX's dividend yield for the trailing twelve months is around 2.39%, less than VIIIX's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX Azzad Ethical Fund | 2.39% | 2.53% | 0.06% | 12.81% | 5.62% | 6.35% | 6.37% | 14.98% | 0.09% | 0.69% | 9.18% | 11.64% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.74% | 2.98% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% | 1.90% | 1.51% |
Drawdowns
ADJEX vs. VIIIX - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -55.91%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for ADJEX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. VIIIX - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 5.49% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 4.08%. This indicates that ADJEX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.