SPRE vs. UMMA
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and Wahed Dow Jones Islamic World ETF (UMMA).
SPRE and UMMA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. UMMA is a passively managed fund by Wahed that tracks the performance of the Dow Jones Islamic Market International Titans 100 Index. It was launched on Jan 6, 2022. Both SPRE and UMMA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRE or UMMA.
Performance
SPRE vs. UMMA - Performance Comparison
Returns By Period
In the year-to-date period, SPRE achieves a 7.20% return, which is significantly higher than UMMA's 5.41% return.
SPRE
7.20%
-1.26%
10.07%
21.38%
N/A
N/A
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
Key characteristics
| SPRE | UMMA | |
|---|---|---|
| Sharpe Ratio | 1.30 | 0.65 |
| Sortino Ratio | 1.89 | 1.02 |
| Omega Ratio | 1.23 | 1.12 |
| Calmar Ratio | 0.66 | 0.78 |
| Martin Ratio | 5.17 | 3.35 |
| Ulcer Index | 4.04% | 3.21% |
| Daily Std Dev | 16.09% | 16.58% |
| Max Drawdown | -38.34% | -34.17% |
| Current Drawdown | -17.31% | -8.63% |
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SPRE vs. UMMA - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than UMMA's 0.65% expense ratio.
Correlation
The correlation between SPRE and UMMA is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SPRE vs. UMMA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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.
Dividends
SPRE vs. UMMA - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 4.01%, more than UMMA's 1.10% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 4.01% | 4.16% | 4.17% | 2.83% |
UMMA Wahed Dow Jones Islamic World ETF | 1.10% | 1.09% | 1.77% | 0.00% |
Drawdowns
SPRE vs. UMMA - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, which is greater than UMMA's maximum drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SPRE and UMMA. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. UMMA - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) has a higher volatility of 4.60% compared to Wahed Dow Jones Islamic World ETF (UMMA) at 3.71%. This indicates that SPRE's price experiences larger fluctuations and is considered to be riskier than UMMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.