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

Performance

SPTE vs. UMMA - Performance Comparison

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

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.44%
-1.69%
SPTE
UMMA

Returns By Period

In the year-to-date period, SPTE achieves a 30.17% return, which is significantly higher than UMMA's 6.82% return.


SPTE

YTD

30.17%

1M

0.04%

6M

7.44%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

UMMA

YTD

6.82%

1M

-3.36%

6M

-1.69%

1Y

12.73%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


SPTEUMMA
Daily Std Dev24.66%16.58%
Max Drawdown-18.15%-34.17%
Current Drawdown-4.65%-7.41%

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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.


UMMA
Wahed Dow Jones Islamic World ETF
Expense ratio chart for UMMA: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for SPTE: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%

Correlation

-0.50.00.51.00.8

The correlation between SPTE and UMMA is 0.78, 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.

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.


Sharpe ratio
No data
SPTE
UMMA

Chart placeholderNot enough data

Dividends

SPTE vs. UMMA - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.23%, less than UMMA's 1.09% yield.


TTM20232022
SPTE
SP Funds S&P Global Technology ETF
0.23%0.00%0.00%
UMMA
Wahed Dow Jones Islamic World ETF
1.09%1.09%1.77%

Drawdowns

SPTE vs. UMMA - Drawdown Comparison

The maximum SPTE drawdown since its inception was -18.15%, 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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.65%
-7.41%
SPTE
UMMA

Volatility

SPTE vs. UMMA - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 5.89% compared to Wahed Dow Jones Islamic World ETF (UMMA) at 3.92%. This indicates that SPTE'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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
5.89%
3.92%
SPTE
UMMA