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SPSK vs. UMMA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPSK and UMMA is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.1

Performance

SPSK vs. UMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds Dow Jones Global Sukuk ETF (SPSK) and Wahed Dow Jones Islamic World ETF (UMMA). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%December2025FebruaryMarchAprilMay
1.47%
3.32%
SPSK
UMMA

Key characteristics

Sharpe Ratio

SPSK:

1.01

UMMA:

0.38

Sortino Ratio

SPSK:

1.49

UMMA:

0.68

Omega Ratio

SPSK:

1.18

UMMA:

1.09

Calmar Ratio

SPSK:

1.00

UMMA:

0.43

Martin Ratio

SPSK:

5.62

UMMA:

1.42

Ulcer Index

SPSK:

1.21%

UMMA:

5.61%

Daily Std Dev

SPSK:

6.74%

UMMA:

20.92%

Max Drawdown

SPSK:

-12.83%

UMMA:

-34.17%

Current Drawdown

SPSK:

-0.68%

UMMA:

-3.86%

Returns By Period

In the year-to-date period, SPSK achieves a 2.02% return, which is significantly lower than UMMA's 5.97% return.


SPSK

YTD

2.02%

1M

0.43%

6M

2.54%

1Y

6.29%

5Y*

1.19%

10Y*

N/A

UMMA

YTD

5.97%

1M

4.39%

6M

2.06%

1Y

6.75%

5Y*

N/A

10Y*

N/A

*Annualized

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SPSK vs. UMMA - Expense Ratio Comparison

Both SPSK and UMMA have an expense ratio of 0.65%.


Expense ratio chart for SPSK: current value is 0.65%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPSK: 0.65%
Expense ratio chart for UMMA: current value is 0.65%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UMMA: 0.65%

Risk-Adjusted Performance

SPSK vs. UMMA — Risk-Adjusted Performance Rank

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

SPSK
The Risk-Adjusted Performance Rank of SPSK is 8080
Overall Rank
The Sharpe Ratio Rank of SPSK is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of SPSK is 8080
Sortino Ratio Rank
The Omega Ratio Rank of SPSK is 7474
Omega Ratio Rank
The Calmar Ratio Rank of SPSK is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPSK is 8686
Martin Ratio Rank

UMMA
The Risk-Adjusted Performance Rank of UMMA is 4747
Overall Rank
The Sharpe Ratio Rank of UMMA is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of UMMA is 4747
Sortino Ratio Rank
The Omega Ratio Rank of UMMA is 4343
Omega Ratio Rank
The Calmar Ratio Rank of UMMA is 5454
Calmar Ratio Rank
The Martin Ratio Rank of UMMA is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPSK vs. UMMA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) 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.


The chart of Sharpe ratio for SPSK, currently valued at 1.01, compared to the broader market-1.000.001.002.003.004.00
SPSK: 1.01
UMMA: 0.38
The chart of Sortino ratio for SPSK, currently valued at 1.49, compared to the broader market-2.000.002.004.006.008.00
SPSK: 1.49
UMMA: 0.68
The chart of Omega ratio for SPSK, currently valued at 1.18, compared to the broader market0.501.001.502.002.50
SPSK: 1.18
UMMA: 1.09
The chart of Calmar ratio for SPSK, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.00
SPSK: 1.43
UMMA: 0.43
The chart of Martin ratio for SPSK, currently valued at 5.62, compared to the broader market0.0020.0040.0060.00
SPSK: 5.62
UMMA: 1.42

The current SPSK Sharpe Ratio is 1.01, which is higher than the UMMA Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of SPSK and UMMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50December2025FebruaryMarchAprilMay
1.01
0.38
SPSK
UMMA

Dividends

SPSK vs. UMMA - Dividend Comparison

SPSK's dividend yield for the trailing twelve months is around 3.49%, more than UMMA's 0.86% yield.


TTM20242023202220212020
SPSK
SP Funds Dow Jones Global Sukuk ETF
3.49%3.53%2.95%2.22%2.56%1.78%
UMMA
Wahed Dow Jones Islamic World ETF
0.86%0.91%1.09%1.77%0.00%0.00%

Drawdowns

SPSK vs. UMMA - Drawdown Comparison

The maximum SPSK drawdown since its inception was -12.83%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SPSK and UMMA. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.33%
-3.86%
SPSK
UMMA

Volatility

SPSK vs. UMMA - Volatility Comparison

The current volatility for SP Funds Dow Jones Global Sukuk ETF (SPSK) is 1.87%, while Wahed Dow Jones Islamic World ETF (UMMA) has a volatility of 12.36%. This indicates that SPSK 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.


2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay
1.87%
12.36%
SPSK
UMMA