Correlation
The correlation between SPSK and WISEX is 0.66, 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.
SPSK vs. WISEX
Compare and contrast key facts about SP Funds Dow Jones Global Sukuk ETF (SPSK) and Azzad Wise Capital Fund (WISEX).
SPSK is a passively managed fund by Toroso Investments that tracks the performance of the Dow Jones Sukuk Total Return (No Coupon Reinvestment). It was launched on Dec 30, 2019. WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSK or WISEX.
Performance
SPSK vs. WISEX - Performance Comparison
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Key characteristics
SPSK:
0.85
WISEX:
3.86
SPSK:
1.11
WISEX:
5.99
SPSK:
1.13
WISEX:
2.01
SPSK:
0.81
WISEX:
6.81
SPSK:
4.18
WISEX:
21.18
SPSK:
1.21%
WISEX:
0.24%
SPSK:
6.76%
WISEX:
1.35%
SPSK:
-12.83%
WISEX:
-5.28%
SPSK:
-0.72%
WISEX:
0.00%
Returns By Period
In the year-to-date period, SPSK achieves a 1.97% return, which is significantly lower than WISEX's 2.07% return.
SPSK
1.97%
-0.38%
1.69%
5.69%
2.42%
0.77%
N/A
WISEX
2.07%
0.40%
1.57%
5.15%
3.55%
2.61%
2.14%
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SPSK vs. WISEX - Expense Ratio Comparison
SPSK has a 0.65% expense ratio, which is lower than WISEX's 0.89% expense ratio.
Risk-Adjusted Performance
SPSK vs. WISEX — Risk-Adjusted Performance Rank
SPSK
WISEX
SPSK vs. WISEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and Azzad Wise Capital Fund (WISEX). 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.
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Dividends
SPSK vs. WISEX - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 3.50%, less than WISEX's 3.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 3.50% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WISEX Azzad Wise Capital Fund | 3.61% | 3.60% | 2.63% | 1.55% | 1.42% | 1.30% | 1.84% | 1.65% | 1.12% | 0.98% | 0.67% | 0.77% |
Drawdowns
SPSK vs. WISEX - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, which is greater than WISEX's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for SPSK and WISEX.
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Volatility
SPSK vs. WISEX - Volatility Comparison
SP Funds Dow Jones Global Sukuk ETF (SPSK) has a higher volatility of 1.36% compared to Azzad Wise Capital Fund (WISEX) at 0.39%. This indicates that SPSK's price experiences larger fluctuations and is considered to be riskier than WISEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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