SPWO vs. UMMA
Compare and contrast key facts about SP Funds S&P World ETF (SPWO) and Wahed Dow Jones Islamic World ETF (UMMA).
SPWO and UMMA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPWO is a passively managed fund by SP Funds that tracks the performance of the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. It was launched on Dec 19, 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 SPWO 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: SPWO or UMMA.
Performance
SPWO vs. UMMA - Performance Comparison
Returns By Period
In the year-to-date period, SPWO achieves a 10.69% return, which is significantly higher than UMMA's 5.41% return.
SPWO
10.69%
-5.49%
-1.23%
N/A
N/A
N/A
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
Key characteristics
| SPWO | UMMA | |
|---|---|---|
| Daily Std Dev | 16.21% | 16.58% |
| Max Drawdown | -9.89% | -34.17% |
| Current Drawdown | -6.46% | -8.63% |
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SPWO vs. UMMA - Expense Ratio Comparison
SPWO has a 0.55% expense ratio, which is lower than UMMA's 0.65% expense ratio.
Correlation
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.
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.
Not enough dataDividends
SPWO vs. UMMA - Dividend Comparison
SPWO's dividend yield for the trailing twelve months is around 1.01%, less than UMMA's 1.10% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPWO SP Funds S&P World ETF | 1.01% | 0.00% | 0.00% |
UMMA Wahed Dow Jones Islamic World ETF | 1.10% | 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.
Volatility
SPWO vs. UMMA - Volatility Comparison
SP Funds S&P World ETF (SPWO) has a higher volatility of 5.38% compared to Wahed Dow Jones Islamic World ETF (UMMA) at 3.71%. 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.