BUFI vs. UMMA

Last updated Apr 18, 2026

BUFI (AB International Buffer ETF) and UMMA (Wahed Dow Jones Islamic World ETF) are both exchange-traded funds — BUFI is a Defined Outcome fund actively managed by AllianceBernstein, while UMMA is a Foreign Large Cap Equities fund tracking the Dow Jones Islamic Market International Titans 100 Index. BUFI is actively managed, while UMMA is passively managed. Over the past year, BUFI returned 18.00% vs 49.66% for UMMA. Their correlation of 0.80 suggests significant overlap in exposure. BUFI charges 0.69%/yr vs 0.65%/yr for UMMA.

Performance

BUFI vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB International Buffer ETF (BUFI) and Wahed Dow Jones Islamic World ETF (UMMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFI achieves a 4.96% return, which is significantly lower than UMMA's 15.70% return.

BUFI

• 1D: 0.75%
• 1M: 4.62%
• YTD: 4.96%
• 6M: 7.35%
• 1Y: 18.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMMA

• 1D: 1.92%
• 1M: 9.63%
• YTD: 15.70%
• 6M: 19.02%
• 1Y: 49.66%
• 3Y*: 17.67%
• 5Y*: —
• 10Y*: —

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

BUFI vs. UMMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFI AB International Buffer ETF	4.96%	16.50%	-1.31%
UMMA Wahed Dow Jones Islamic World ETF	15.70%	26.65%	-3.73%

Correlation

The correlation between BUFI and UMMA is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.80

The correlation between BUFI and UMMA has been stable across timeframes, ranging from 0.80 to 0.82 — a consistent structural relationship.

Return for Risk

BUFI vs. UMMA — Risk / Return Rank

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

BUFI

BUFI Risk / Return Rank: 57
BUFI Sharpe Ratio Rank: 56
BUFI Sortino Ratio Rank: 57
BUFI Omega Ratio Rank: 63
BUFI Calmar Ratio Rank: 49
BUFI Martin Ratio Rank: 59

UMMA

UMMA Risk / Return Rank: 66
UMMA Sharpe Ratio Rank: 73
UMMA Sortino Ratio Rank: 68
UMMA Omega Ratio Rank: 68
UMMA Calmar Ratio Rank: 57
UMMA Martin Ratio Rank: 62

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.

BUFI vs. UMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB International Buffer ETF (BUFI) 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.

	BUFI	UMMA	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.69	-0.36
Sortino ratio Return per unit of downside risk	3.32	3.53	-0.21
Omega ratio Gain probability vs. loss probability	1.46	1.47	-0.01
Calmar ratio Return relative to maximum drawdown	3.09	3.32	-0.22
Martin ratio Return relative to average drawdown	12.89	13.13	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFI vs. UMMA - Sharpe Ratio Comparison

The current BUFI Sharpe Ratio is 2.33, which is comparable to the UMMA Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of BUFI and UMMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUFI	UMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.69	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	0.43	+1.25

Drawdowns

BUFI vs. UMMA - Drawdown Comparison

The maximum BUFI drawdown since its inception was -7.43%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for BUFI and UMMA.

Drawdown Indicators

	BUFI	UMMA	Difference
Max Drawdown Largest peak-to-trough decline	-7.43%	-34.17%	+26.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.69%	-14.93%	+9.24%
Current Drawdown Current decline from peak	0.00%	-1.65%	+1.65%
Average Drawdown Average peak-to-trough decline	-0.85%	-10.07%	+9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	3.77%	-2.40%

Volatility

BUFI vs. UMMA - Volatility Comparison

The current volatility for AB International Buffer ETF (BUFI) is 4.16%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 9.19%. This indicates that BUFI 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

	BUFI	UMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	9.19%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	6.43%	15.55%	-9.12%
Volatility (1Y) Calculated over the trailing 1-year period	7.83%	18.71%	-10.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.99%	20.36%	-11.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.99%	20.36%	-11.37%

BUFI vs. UMMA - Expense Ratio Comparison

BUFI has a 0.69% expense ratio, which is higher than UMMA's 0.65% expense ratio.

Dividends

BUFI vs. UMMA - Dividend Comparison

BUFI has not paid dividends to shareholders, while UMMA's dividend yield for the trailing twelve months is around 1.06%.

	TTM	2025	2024	2023	2022
BUFI AB International Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%
UMMA Wahed Dow Jones Islamic World ETF	1.06%	1.02%	0.91%	1.09%	1.77%