IVSI vs. UMMA
IVSI (Applied Finance IVS International Large ETF) and UMMA (Wahed Dow Jones Islamic World ETF) are both Foreign Large Cap Equities funds. IVSI is actively managed, while UMMA is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.
Performance
IVSI vs. UMMA - Performance Comparison
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Returns By Period
In the year-to-date period, IVSI achieves a 10.48% return, which is significantly lower than UMMA's 32.32% return.
IVSI
- 1D
- 1.18%
- 1M
- 3.23%
- YTD
- 10.48%
- 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*
- —
IVSI vs. UMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVSI Applied Finance IVS International Large ETF | 10.48% | 0.53% |
UMMA Wahed Dow Jones Islamic World ETF | 32.32% | 0.62% |
Correlation
The correlation between IVSI and UMMA is 0.83, 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 12, 2025 | 0.83 |
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Return for Risk
IVSI vs. UMMA — Risk / Return Rank
IVSI
UMMA
IVSI vs. UMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International Large ETF (IVSI) 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
| IVSI | 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 | 1.41 | 0.58 | +0.83 |
Drawdowns
IVSI vs. UMMA - Drawdown Comparison
The maximum IVSI drawdown since its inception was -11.73%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for IVSI and UMMA.
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Drawdown Indicators
| IVSI | UMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.73% | -34.17% | +22.44% |
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 | -0.46% | -0.90% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -9.81% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.82% | — |
Volatility
IVSI vs. UMMA - Volatility Comparison
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Volatility by Period
| IVSI | 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 | 17.79% | 20.11% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 20.55% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 20.55% | -2.76% |
IVSI vs. UMMA - Expense Ratio Comparison
Both IVSI and UMMA have an expense ratio of 0.65%.
Dividends
IVSI vs. UMMA - Dividend Comparison
IVSI's dividend yield for the trailing twelve months is around 0.04%, less than UMMA's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IVSI Applied Finance IVS International Large ETF | 0.04% | 0.04% | 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
IVSI and UMMA have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IVSI and UMMA have the same expense ratio: 0.65% per year.
UMMA has the higher dividend yield at 0.93%, compared with 0.04% for IVSI.
They also come from different issuers: Applied Finance and Wahed.
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