AMDWX vs. UMMA

Last updated Apr 2, 2026

Compare and contrast key facts about Amana Mutual Funds Trust Developing World Fund (AMDWX) and Wahed Dow Jones Islamic World ETF (UMMA).

AMDWX is managed by Amana. It was launched on Sep 27, 2009. UMMA is a passively managed fund by Wahed that tracks the performance of the Dow Jones Islamic Market International Titans 100 Index. It was launched on Jan 6, 2022.

Performance

AMDWX vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Developing World Fund (AMDWX) and Wahed Dow Jones Islamic World ETF (UMMA). The values are adjusted to include any dividend payments, if applicable.

AMDWX vs. UMMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AMDWX Amana Mutual Funds Trust Developing World Fund	7.03%	19.97%	6.93%	13.25%	-15.31%
UMMA Wahed Dow Jones Islamic World ETF	5.89%	26.65%	4.67%	18.84%	-21.62%

Returns By Period

In the year-to-date period, AMDWX achieves a 7.03% return, which is significantly higher than UMMA's 5.89% return.

AMDWX

• 1D: 2.79%
• 1M: -7.05%
• YTD: 7.03%
• 6M: 14.46%
• 1Y: 33.83%
• 3Y*: 13.52%
• 5Y*: 5.69%
• 10Y*: 6.78%

UMMA

• 1D: 1.88%
• 1M: -7.52%
• YTD: 5.89%
• 6M: 11.47%
• 1Y: 32.44%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMDWX vs. UMMA - Expense Ratio Comparison

AMDWX has a 1.14% expense ratio, which is higher than UMMA's 0.65% expense ratio.

AMDWX

Amana Mutual Funds Trust Developing World Fund

UMMA

Wahed Dow Jones Islamic World ETF

Return for Risk

AMDWX vs. UMMA — Risk / Return Rank

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

AMDWX

AMDWX Risk / Return Rank: 93
AMDWX Sharpe Ratio Rank: 94
AMDWX Sortino Ratio Rank: 93
AMDWX Omega Ratio Rank: 90
AMDWX Calmar Ratio Rank: 93
AMDWX Martin Ratio Rank: 93

UMMA

UMMA Risk / Return Rank: 78
UMMA Sharpe Ratio Rank: 80
UMMA Sortino Ratio Rank: 80
UMMA Omega Ratio Rank: 76
UMMA Calmar Ratio Rank: 79
UMMA Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMDWX vs. UMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Developing World Fund (AMDWX) and Wahed Dow Jones Islamic World ETF (UMMA). 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.

	AMDWX	UMMA	Difference
Sharpe ratio Return per unit of total volatility	2.16	1.55	+0.61
Sortino ratio Return per unit of downside risk	2.85	2.12	+0.73
Omega ratio Gain probability vs. loss probability	1.41	1.29	+0.11
Calmar ratio Return relative to maximum drawdown	3.02	2.19	+0.82
Martin ratio Return relative to average drawdown	12.02	8.69	+3.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDWX vs. UMMA - Sharpe Ratio Comparison

The current AMDWX Sharpe Ratio is 2.16, which is higher than the UMMA Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AMDWX and UMMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMDWX	UMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	1.55	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.33	-0.03

Correlation

The correlation between AMDWX and UMMA is 0.82, 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.

Dividends

AMDWX vs. UMMA - Dividend Comparison

AMDWX's dividend yield for the trailing twelve months is around 2.62%, more than UMMA's 1.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDWX Amana Mutual Funds Trust Developing World Fund	2.62%	2.80%	0.58%	0.91%	1.03%	1.16%	0.00%	0.37%	0.50%	0.18%	0.28%	0.58%
UMMA Wahed Dow Jones Islamic World ETF	1.16%	1.02%	0.91%	1.09%	1.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AMDWX vs. UMMA - Drawdown Comparison

The maximum AMDWX drawdown since its inception was -28.88%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for AMDWX and UMMA.

Drawdown Indicators

	AMDWX	UMMA	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-34.17%	+5.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	-14.93%	+3.57%
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-8.89%	-9.99%	+1.10%
Average Drawdown Average peak-to-trough decline	-9.07%	-10.12%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.77%	-0.92%

Volatility

AMDWX vs. UMMA - Volatility Comparison

The current volatility for Amana Mutual Funds Trust Developing World Fund (AMDWX) is 8.06%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 9.33%. This indicates that AMDWX experiences smaller price fluctuations and is considered to be less risky than UMMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDWX	UMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	9.33%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	15.21%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	20.99%	-4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	20.24%	-6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	20.24%	-6.46%