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.
Correlation
The correlation between SPWO and UMMA is 0.67, 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.
Performance
SPWO vs. UMMA - Performance Comparison
Key characteristics
SPWO:
0.46
UMMA:
0.25
SPWO:
0.80
UMMA:
0.51
SPWO:
1.10
UMMA:
1.06
SPWO:
0.53
UMMA:
0.28
SPWO:
1.92
UMMA:
0.94
SPWO:
4.95%
UMMA:
5.63%
SPWO:
20.51%
UMMA:
20.86%
SPWO:
-18.02%
UMMA:
-34.17%
SPWO:
-3.79%
UMMA:
-5.17%
Returns By Period
In the year-to-date period, SPWO achieves a 4.20% return, which is significantly lower than UMMA's 4.52% return.
SPWO
4.20%
12.69%
-1.11%
7.26%
N/A
N/A
UMMA
4.52%
12.40%
-0.03%
3.11%
N/A
N/A
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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.
Risk-Adjusted Performance
SPWO vs. UMMA — Risk-Adjusted Performance Rank
SPWO
UMMA
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.
Dividends
SPWO vs. UMMA - Dividend Comparison
SPWO's dividend yield for the trailing twelve months is around 1.37%, more than UMMA's 0.87% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
SPWO SP Funds S&P World ETF | 1.37% | 1.26% | 0.00% | 0.00% |
UMMA Wahed Dow Jones Islamic World ETF | 0.87% | 0.91% | 1.09% | 1.77% |
Drawdowns
SPWO vs. UMMA - Drawdown Comparison
The maximum SPWO drawdown since its inception was -18.02%, 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) and Wahed Dow Jones Islamic World ETF (UMMA) have volatilities of 9.19% and 9.50%, 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.