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ADJEX vs. VIIIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Azzad Ethical Fund (ADJEX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). The values are adjusted to include any dividend payments, if applicable.

400.00%500.00%600.00%700.00%800.00%900.00%December2025FebruaryMarchAprilMay
472.78%
833.44%
ADJEX
VIIIX

Key characteristics

Sharpe Ratio

ADJEX:

-0.39

VIIIX:

0.57

Sortino Ratio

ADJEX:

-0.43

VIIIX:

0.92

Omega Ratio

ADJEX:

0.95

VIIIX:

1.14

Calmar Ratio

ADJEX:

-0.31

VIIIX:

0.59

Martin Ratio

ADJEX:

-1.05

VIIIX:

2.29

Ulcer Index

ADJEX:

8.62%

VIIIX:

4.84%

Daily Std Dev

ADJEX:

23.07%

VIIIX:

19.36%

Max Drawdown

ADJEX:

-55.91%

VIIIX:

-55.18%

Current Drawdown

ADJEX:

-18.49%

VIIIX:

-8.27%

Returns By Period

In the year-to-date period, ADJEX achieves a -6.60% return, which is significantly lower than VIIIX's -4.02% return. Over the past 10 years, ADJEX has underperformed VIIIX with an annualized return of 6.41%, while VIIIX has yielded a comparatively higher 12.27% annualized return.


ADJEX

YTD

-6.60%

1M

12.53%

6M

-11.27%

1Y

-10.16%

5Y*

6.20%

10Y*

6.41%

VIIIX

YTD

-4.02%

1M

11.32%

6M

-4.58%

1Y

9.79%

5Y*

15.71%

10Y*

12.27%

*Annualized

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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 Rank

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

ADJEX
The Risk-Adjusted Performance Rank of ADJEX is 44
Overall Rank
The Sharpe Ratio Rank of ADJEX is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of ADJEX is 44
Sortino Ratio Rank
The Omega Ratio Rank of ADJEX is 55
Omega Ratio Rank
The Calmar Ratio Rank of ADJEX is 33
Calmar Ratio Rank
The Martin Ratio Rank of ADJEX is 22
Martin Ratio Rank

VIIIX
The Risk-Adjusted Performance Rank of VIIIX is 5656
Overall Rank
The Sharpe Ratio Rank of VIIIX is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of VIIIX is 5353
Sortino Ratio Rank
The Omega Ratio Rank of VIIIX is 5555
Omega Ratio Rank
The Calmar Ratio Rank of VIIIX is 6363
Calmar Ratio Rank
The Martin Ratio Rank of VIIIX is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current ADJEX Sharpe Ratio is -0.39, which is lower than the VIIIX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of ADJEX and VIIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.44
0.51
ADJEX
VIIIX

Dividends

ADJEX vs. VIIIX - Dividend Comparison

ADJEX's dividend yield for the trailing twelve months is around 5.85%, more than VIIIX's 2.50% yield.


TTM20242023202220212020201920182017201620152014
ADJEX
Azzad Ethical Fund
5.85%5.47%2.53%0.06%12.81%5.62%6.35%6.37%14.98%0.09%0.69%9.18%
VIIIX
Vanguard Institutional Index Fund Institutional Plus Shares
2.50%2.59%2.98%3.39%4.79%3.07%2.86%2.45%1.84%2.38%2.47%1.90%

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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-18.49%
-8.27%
ADJEX
VIIIX

Volatility

ADJEX vs. VIIIX - Volatility Comparison

Azzad Ethical Fund (ADJEX) has a higher volatility of 12.94% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 11.42%. 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.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
12.94%
11.42%
ADJEX
VIIIX