ICPY vs. UMMA

Last updated Jun 27, 2026

ICPY (Tweedy, Browne International Insider + Value ETF) and UMMA (Wahed Dow Jones Islamic World ETF) are both Foreign Large Cap Equities funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. ICPY charges 0.80%/yr vs 0.65%/yr for UMMA.

Performance

ICPY vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Insider + Value ETF (ICPY) 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, ICPY achieves a 12.60% return, which is significantly lower than UMMA's 31.26% return.

ICPY

• 1D: -0.08%
• 1M: -1.61%
• YTD: 12.60%
• 6M: 13.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UMMA

• 1D: -1.58%
• 1M: 2.73%
• YTD: 31.26%
• 6M: 30.67%
• 1Y: 48.85%
• 3Y*: 22.13%
• 5Y*: —
• 10Y*: —

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

ICPY vs. UMMA - Yearly Performance Comparison

	2026 (YTD)	2025
ICPY Tweedy, Browne International Insider + Value ETF	12.60%	13.79%
UMMA Wahed Dow Jones Islamic World ETF	31.26%	11.21%

Correlation

The correlation between ICPY and UMMA is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.71

Return for Risk

ICPY vs. UMMA — Risk / Return Rank

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

ICPY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UMMA

UMMA Risk / Return Rank: 74
UMMA Sharpe Ratio Rank: 76
UMMA Sortino Ratio Rank: 70
UMMA Omega Ratio Rank: 74
UMMA Calmar Ratio Rank: 73
UMMA Martin Ratio Rank: 76

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.

ICPY vs. UMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ICPY	UMMA	Difference
Sharpe ratio: Return per unit of total volatility	—	2.15	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.29	—
Martin ratio: Return relative to average drawdown	—	12.52	—

Drawdowns

ICPY vs. UMMA - Drawdown Comparison

The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for ICPY and UMMA.

Drawdown Indicators

	ICPY	UMMA	Difference
Max Drawdown Largest peak-to-trough decline	-8.86%	-34.17%	+25.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.73%	—
Current Drawdown Current decline from peak	-2.71%	-3.79%	+1.08%
Average Drawdown Average peak-to-trough decline	-1.57%	-9.71%	+8.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.91%	—

Volatility

Volatility by Period

	ICPY	UMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	22.85%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	21.10%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	21.10%	-6.01%

ICPY vs. UMMA - Expense Ratio Comparison

ICPY has a 0.80% expense ratio, which is higher than UMMA's 0.65% expense ratio.

Dividends

ICPY vs. UMMA - Dividend Comparison

ICPY's dividend yield for the trailing twelve months is around 4.05%, more than UMMA's 0.93% yield.

Position	TTM	2025	2024	2023	2022
ICPY Tweedy, Browne International Insider + Value ETF	4.05%	4.56%	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

Can I hold both ICPY and UMMA in my portfolio?

ICPY and UMMA have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICPY or UMMA?

On fees, UMMA is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICPY or UMMA?

UMMA is cheaper with a 0.65% expense ratio, compared with 0.80% for ICPY.

Which ETF pays a higher dividend yield, ICPY or UMMA?

ICPY has the higher dividend yield at 4.05%, compared with 0.93% for UMMA.

What is the main difference between ICPY and UMMA?

They also come from different issuers: Tweedy, Browne and Wahed. Their fees differ too: 0.80% for ICPY and 0.65% for UMMA.