ADJEX vs. WISEX
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and Azzad Wise Capital Fund (WISEX).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADJEX or WISEX.
Key characteristics
| ADJEX | WISEX | |
|---|---|---|
| YTD Return | 8.13% | 4.84% |
| 1Y Return | 23.11% | 7.12% |
| 3Y Return (Ann) | -7.00% | 1.81% |
| 5Y Return (Ann) | 3.37% | 2.25% |
| 10Y Return (Ann) | 3.36% | 1.93% |
| Sharpe Ratio | 1.40 | 5.51 |
| Sortino Ratio | 2.00 | 9.92 |
| Omega Ratio | 1.24 | 2.64 |
| Calmar Ratio | 0.71 | 4.44 |
| Martin Ratio | 5.59 | 38.39 |
| Ulcer Index | 4.48% | 0.19% |
| Daily Std Dev | 17.77% | 1.30% |
| Max Drawdown | -57.92% | -5.49% |
| Current Drawdown | -20.15% | -0.22% |
Correlation
The correlation between ADJEX and WISEX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ADJEX vs. WISEX - Performance Comparison
In the year-to-date period, ADJEX achieves a 8.13% return, which is significantly higher than WISEX's 4.84% return. Over the past 10 years, ADJEX has outperformed WISEX with an annualized return of 3.36%, while WISEX has yielded a comparatively lower 1.93% 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. WISEX - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is higher than WISEX's 0.89% expense ratio.
Risk-Adjusted Performance
ADJEX vs. WISEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and Azzad Wise Capital Fund (WISEX). 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. WISEX - Dividend Comparison
ADJEX has not paid dividends to shareholders, while WISEX's dividend yield for the trailing twelve months is around 3.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX 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% |
WISEX Azzad Wise Capital Fund | 3.36% | 2.63% | 1.50% | 1.19% | 1.16% | 1.84% | 1.23% | 1.12% | 0.98% | 0.67% | 0.77% | 2.49% |
Drawdowns
ADJEX vs. WISEX - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -57.92%, which is greater than WISEX's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for ADJEX and WISEX. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. WISEX - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 4.74% compared to Azzad Wise Capital Fund (WISEX) at 0.40%. This indicates that ADJEX's price experiences larger fluctuations and is considered to be riskier than WISEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.