SPTE vs. UMMA
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and Wahed Dow Jones Islamic World ETF (UMMA).
SPTE and UMMA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. 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 SPTE 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: SPTE or UMMA.
Correlation
The correlation between SPTE and UMMA is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPTE vs. UMMA - Performance Comparison
Key characteristics
SPTE:
1.51
UMMA:
0.46
SPTE:
2.07
UMMA:
0.75
SPTE:
1.27
UMMA:
1.09
SPTE:
2.05
UMMA:
0.67
SPTE:
6.59
UMMA:
2.06
SPTE:
5.64%
UMMA:
3.69%
SPTE:
24.56%
UMMA:
16.61%
SPTE:
-18.14%
UMMA:
-34.17%
SPTE:
-2.51%
UMMA:
-9.32%
Returns By Period
In the year-to-date period, SPTE achieves a 34.16% return, which is significantly higher than UMMA's 4.61% return.
SPTE
34.16%
3.18%
4.57%
34.92%
N/A
N/A
UMMA
4.61%
-1.62%
-4.00%
6.11%
N/A
N/A
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SPTE vs. UMMA - Expense Ratio Comparison
SPTE has a 0.55% expense ratio, which is lower than UMMA's 0.65% expense ratio.
Risk-Adjusted Performance
SPTE vs. UMMA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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
SPTE vs. UMMA - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.24%, less than UMMA's 1.11% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.24% | 0.00% | 0.00% |
UMMA Wahed Dow Jones Islamic World ETF | 1.11% | 1.09% | 1.77% |
Drawdowns
SPTE vs. UMMA - Drawdown Comparison
The maximum SPTE drawdown since its inception was -18.14%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SPTE and UMMA. For additional features, visit the drawdowns tool.
Volatility
SPTE vs. UMMA - Volatility Comparison
SP Funds S&P Global Technology ETF (SPTE) and Wahed Dow Jones Islamic World ETF (UMMA) have volatilities of 4.68% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.