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

Key characteristics


SPWOUMMA
YTD Return15.96%8.68%
Daily Std Dev15.97%16.84%
Max Drawdown-9.89%-34.17%
Current Drawdown-2.00%-5.79%

Correlation

-0.50.00.51.00.9

The correlation between SPWO and UMMA is 0.89, 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

SPWO vs. UMMA - Performance Comparison

In the year-to-date period, SPWO achieves a 15.96% return, which is significantly higher than UMMA's 8.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
19.39%
11.78%
SPWO
UMMA

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPWO vs. UMMA - Expense Ratio Comparison

SPWO 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 SPWO: 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%

Risk-Adjusted Performance

SPWO vs. UMMA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P World ETF (SPWO) 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.


SPWO
Sharpe ratio
No data
UMMA
Sharpe ratio
The chart of Sharpe ratio for UMMA, currently valued at 1.53, compared to the broader market-2.000.002.004.006.001.53
Sortino ratio
The chart of Sortino ratio for UMMA, currently valued at 2.20, compared to the broader market0.005.0010.002.20
Omega ratio
The chart of Omega ratio for UMMA, currently valued at 1.27, compared to the broader market1.001.502.002.503.003.501.27
Calmar ratio
The chart of Calmar ratio for UMMA, currently valued at 1.43, compared to the broader market0.005.0010.0015.0020.001.43
Martin ratio
The chart of Martin ratio for UMMA, currently valued at 9.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.20

SPWO vs. UMMA - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

SPWO vs. UMMA - Dividend Comparison

SPWO's dividend yield for the trailing twelve months is around 0.95%, less than UMMA's 1.07% yield.


TTM20232022
SPWO
SP Funds S&P World ETF
0.95%0.00%0.00%
UMMA
Wahed Dow Jones Islamic World ETF
1.07%1.09%1.77%

Drawdowns

SPWO vs. UMMA - Drawdown Comparison

The maximum SPWO drawdown since its inception was -9.89%, smaller than the maximum UMMA drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SPWO and UMMA. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.00%
-5.79%
SPWO
UMMA

Volatility

SPWO vs. UMMA - Volatility Comparison

SP Funds S&P World ETF (SPWO) has a higher volatility of 4.64% compared to Wahed Dow Jones Islamic World ETF (UMMA) at 4.04%. This indicates that SPWO'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.


3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.64%
4.04%
SPWO
UMMA