ESIM vs. UMMA
ESIM (Eventide International ETF) and UMMA (Wahed Dow Jones Islamic World ETF) are both Foreign Large Cap Equities funds. ESIM is actively managed, while UMMA is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. ESIM charges 0.59%/yr vs 0.65%/yr for UMMA.
Performance
ESIM vs. UMMA - Performance Comparison
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Returns By Period
In the year-to-date period, ESIM achieves a 16.23% return, which is significantly lower than UMMA's 32.32% return.
ESIM
- 1D
- 0.07%
- 1M
- 6.18%
- YTD
- 16.23%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMMA
- 1D
- -0.13%
- 1M
- 12.11%
- YTD
- 32.32%
- 6M
- 35.20%
- 1Y
- 51.77%
- 3Y*
- 22.81%
- 5Y*
- —
- 10Y*
- —
ESIM vs. UMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESIM Eventide International ETF | 16.23% | 2.23% |
UMMA Wahed Dow Jones Islamic World ETF | 32.32% | 4.19% |
Correlation
The correlation between ESIM and UMMA is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.89 |
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Return for Risk
ESIM vs. UMMA — Risk / Return Rank
ESIM
UMMA
ESIM vs. UMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide International ETF (ESIM) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ESIM | UMMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.88 | 0.58 | +2.31 |
Drawdowns
ESIM vs. UMMA - Drawdown Comparison
The maximum ESIM drawdown since its inception was -11.26%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for ESIM and UMMA.
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Drawdown Indicators
| ESIM | UMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.26% | -34.17% | +22.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.73% | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.90% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -9.81% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.82% | — |
Volatility
ESIM vs. UMMA - Volatility Comparison
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Volatility by Period
| ESIM | UMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 20.11% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 20.55% | -4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 20.55% | -4.55% |
ESIM vs. UMMA - Expense Ratio Comparison
ESIM has a 0.59% expense ratio, which is lower than UMMA's 0.65% expense ratio.
Dividends
ESIM vs. UMMA - Dividend Comparison
ESIM's dividend yield for the trailing twelve months is around 0.19%, less than UMMA's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESIM Eventide International ETF | 0.19% | 0.03% | 0.00% | 0.00% | 0.00% |
UMMA Wahed Dow Jones Islamic World ETF | 0.93% | 1.02% | 0.91% | 1.09% | 1.77% |
Frequently Asked Questions
ESIM and UMMA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIM is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIM is cheaper with a 0.59% expense ratio, compared with 0.65% for UMMA.
UMMA has the higher dividend yield at 0.93%, compared with 0.19% for ESIM.
They also come from different issuers: Eventide and Wahed. Their fees differ too: 0.59% for ESIM and 0.65% for UMMA.
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