UMMA vs. ^IMUS

Last updated Apr 2, 2026

Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and Dow Jones Islamic Market U.S. Index (^IMUS).

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.

Performance

UMMA vs. ^IMUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed Dow Jones Islamic World ETF (UMMA) and Dow Jones Islamic Market U.S. Index (^IMUS). The values are adjusted to include any dividend payments, if applicable.

UMMA vs. ^IMUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UMMA Wahed Dow Jones Islamic World ETF	5.89%	26.65%	4.67%	18.84%	-21.62%
^IMUS Dow Jones Islamic Market U.S. Index	-4.72%	16.79%	24.16%	32.07%	-22.29%

Returns By Period

In the year-to-date period, UMMA achieves a 5.89% return, which is significantly higher than ^IMUS's -4.72% return.

UMMA

• 1D: 1.88%
• 1M: -7.52%
• YTD: 5.89%
• 6M: 11.47%
• 1Y: 32.44%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —

^IMUS

• 1D: 0.89%
• 1M: -4.62%
• YTD: -4.72%
• 6M: -2.39%
• 1Y: 20.44%
• 3Y*: 17.85%
• 5Y*: 10.64%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

UMMA vs. ^IMUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMMA

UMMA Risk / Return Rank: 78
UMMA Sharpe Ratio Rank: 80
UMMA Sortino Ratio Rank: 80
UMMA Omega Ratio Rank: 76
UMMA Calmar Ratio Rank: 79
UMMA Martin Ratio Rank: 78

^IMUS

^IMUS Risk / Return Rank: 59
^IMUS Sharpe Ratio Rank: 57
^IMUS Sortino Ratio Rank: 63
^IMUS Omega Ratio Rank: 73
^IMUS Calmar Ratio Rank: 46
^IMUS Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMMA vs. ^IMUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Dow Jones Islamic Market U.S. Index (^IMUS). 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.

	UMMA	^IMUS	Difference
Sharpe ratio Return per unit of total volatility	1.55	0.89	+0.66
Sortino ratio Return per unit of downside risk	2.12	1.41	+0.71
Omega ratio Gain probability vs. loss probability	1.29	1.23	+0.07
Calmar ratio Return relative to maximum drawdown	2.19	1.17	+1.02
Martin ratio Return relative to average drawdown	8.69	4.81	+3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMMA vs. ^IMUS - Sharpe Ratio Comparison

The current UMMA Sharpe Ratio is 1.55, which is higher than the ^IMUS Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of UMMA and ^IMUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UMMA	^IMUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.89	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.41	-0.08

Correlation

The correlation between UMMA and ^IMUS 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.

Drawdowns

UMMA vs. ^IMUS - Drawdown Comparison

The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum ^IMUS drawdown of -47.72%. Use the drawdown chart below to compare losses from any high point for UMMA and ^IMUS.

Drawdown Indicators

	UMMA	^IMUS	Difference
Max Drawdown Largest peak-to-trough decline	-34.17%	-47.72%	+13.55%
Max Drawdown (1Y) Largest decline over 1 year	-14.93%	-12.76%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.20%	—
Current Drawdown Current decline from peak	-9.99%	-7.22%	-2.77%
Average Drawdown Average peak-to-trough decline	-10.12%	-9.66%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.68%	+1.09%

Volatility

UMMA vs. ^IMUS - Volatility Comparison

Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 9.33% compared to Dow Jones Islamic Market U.S. Index (^IMUS) at 5.96%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than ^IMUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMMA	^IMUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	5.96%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	9.98%	+5.23%
Volatility (1Y) Calculated over the trailing 1-year period	20.99%	18.88%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	18.94%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	19.33%	+0.91%