OAIM vs. UMMA

Last updated Jun 3, 2026

OAIM (OneAscent International Equity ETF) and UMMA (Wahed Dow Jones Islamic World ETF) are both Foreign Large Cap Equities funds. OAIM is actively managed, while UMMA is passively managed. Over the past 3 years, OAIM returned 18.50%/yr vs 23.05%/yr for UMMA. Their correlation of 0.84 suggests significant overlap in exposure. OAIM charges 0.95%/yr vs 0.65%/yr for UMMA.

Performance

OAIM vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent International Equity ETF (OAIM) 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, OAIM achieves a 14.62% return, which is significantly lower than UMMA's 33.52% return.

OAIM

• 1D: 0.38%
• 1M: 2.96%
• YTD: 14.62%
• 6M: 19.16%
• 1Y: 28.30%
• 3Y*: 18.50%
• 5Y*: —
• 10Y*: —

UMMA

• 1D: 1.04%
• 1M: 14.73%
• YTD: 33.52%
• 6M: 37.91%
• 1Y: 54.63%
• 3Y*: 23.05%
• 5Y*: —
• 10Y*: —

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

OAIM vs. UMMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAIM OneAscent International Equity ETF	14.62%	30.12%	8.18%	16.96%	7.91%
UMMA Wahed Dow Jones Islamic World ETF	33.52%	26.65%	4.67%	18.84%	7.62%

Correlation

The correlation between OAIM 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 (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 19, 2022	0.84

The correlation between OAIM and UMMA has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

OAIM vs. UMMA - Sectors Allocation Comparison

Sectors	OAIM	UMMA
Financial Services	24.4%	-
Industrials	21.0%	13.5%
Technology	11.8%	42.9%
Energy	10.3%	2.9%
Basic Materials	8.5%	9.3%
Utilities	7.5%	-
Consumer Cyclical	6.3%	8.1%
Communication Services	5.6%	0.8%
Real Estate	1.9%	0.5%
Consumer Defensive	1.6%	5.6%
Healthcare	1.1%	16.6%

Return for Risk

OAIM vs. UMMA — Risk / Return Rank

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

OAIM

OAIM Risk / Return Rank: 54
OAIM Sharpe Ratio Rank: 53
OAIM Sortino Ratio Rank: 52
OAIM Omega Ratio Rank: 54
OAIM Calmar Ratio Rank: 55
OAIM Martin Ratio Rank: 59

UMMA

UMMA Risk / Return Rank: 78
UMMA Sharpe Ratio Rank: 83
UMMA Sortino Ratio Rank: 79
UMMA Omega Ratio Rank: 78
UMMA Calmar Ratio Rank: 74
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.

OAIM vs. UMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent International Equity ETF (OAIM) 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.

	OAIM	UMMA	Difference
Sharpe ratio Return per unit of total volatility	1.83	2.73	-0.90
Sortino ratio Return per unit of downside risk	2.52	3.60	-1.07
Omega ratio Gain probability vs. loss probability	1.34	1.47	-0.13
Calmar ratio Return relative to maximum drawdown	2.80	3.76	-0.97
Martin ratio Return relative to average drawdown	10.58	14.73	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAIM vs. UMMA - Sharpe Ratio Comparison

The current OAIM Sharpe Ratio is 1.83, which is lower than the UMMA Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of OAIM 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

	OAIM	UMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.73	-0.90
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.59	+0.67

Drawdowns

OAIM vs. UMMA - Drawdown Comparison

The maximum OAIM drawdown since its inception was -14.69%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for OAIM and UMMA.

Drawdown Indicators

	OAIM	UMMA	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-34.17%	+19.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-14.93%	+4.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-18.73%	+4.04%
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.81%	-9.83%	+7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.82%	-0.94%

Volatility

OAIM vs. UMMA - Volatility Comparison

The current volatility for OneAscent International Equity ETF (OAIM) is 5.67%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 7.60%. This indicates that OAIM 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

	OAIM	UMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	7.60%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	17.23%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	20.10%	-4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	20.56%	-3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	20.56%	-3.69%

OAIM vs. UMMA - Expense Ratio Comparison

OAIM has a 0.95% expense ratio, which is higher than UMMA's 0.65% expense ratio.

Dividends

OAIM vs. UMMA - Dividend Comparison

OAIM's dividend yield for the trailing twelve months is around 0.86%, less than UMMA's 0.92% yield.

Position	TTM	2025	2024	2023	2022
OAIM OneAscent International Equity ETF	0.86%	0.98%	2.40%	1.94%	0.60%
UMMA Wahed Dow Jones Islamic World ETF	0.92%	1.02%	0.91%	1.09%	1.77%

Frequently Asked Questions

Can I hold both OAIM and UMMA in my portfolio?

OAIM and UMMA have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAIM or UMMA?

UMMA has higher volatility (7.60%) compared to OAIM (5.67%). In terms of maximum drawdown, OAIM dropped -14.69% vs UMMA's -34.17%.

Which ETF is better, OAIM or UMMA?

On 3-year performance, UMMA leads with 23.05% vs 18.50% for OAIM. On fees, UMMA is cheaper at 0.65% per year. On volatility, OAIM has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAIM or UMMA?

Over the 3-year period, UMMA has performed better with a 23.05% return vs 18.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAIM or UMMA?

UMMA is cheaper with a 0.65% expense ratio, compared with 0.95% for OAIM.

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

UMMA has the higher dividend yield at 0.92%, compared with 0.86% for OAIM.

What is the main difference between OAIM and UMMA?

They also come from different issuers: Oneascent and Wahed. Their fees differ too: 0.95% for OAIM and 0.65% for UMMA.

Which has better risk-adjusted returns?

UMMA currently has the higher Sharpe Ratio (2.73 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.