UMMA vs. ^IMXL
UMMA (Wahed Dow Jones Islamic World ETF) is Foreign Large Cap Equities fund tracking the Dow Jones Islamic Market International Titans 100 Index, while ^IMXL (Dow Jones Islamic Market Titans 100 Index) is an index. Over the past 3 years, UMMA returned 19.73%/yr vs 24.35%/yr for ^IMXL. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
UMMA vs. ^IMXL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UMMA achieves a 23.76% return, which is significantly higher than ^IMXL's 14.62% return.
UMMA
- 1D
- -6.47%
- 1M
- 1.09%
- YTD
- 23.76%
- 6M
- 26.02%
- 1Y
- 42.22%
- 3Y*
- 19.73%
- 5Y*
- —
- 10Y*
- —
^IMXL
- 1D
- -0.10%
- 1M
- 4.07%
- YTD
- 14.62%
- 6M
- 14.23%
- 1Y
- 38.42%
- 3Y*
- 24.35%
- 5Y*
- 14.79%
- 10Y*
- 15.59%
UMMA vs. ^IMXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 23.76% | 26.65% | 4.67% | 18.84% | -21.62% |
^IMXL Dow Jones Islamic Market Titans 100 Index | 14.62% | 20.39% | 26.01% | 33.51% | -23.08% |
Correlation
The correlation between UMMA and ^IMXL is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2022 | 0.80 |
The correlation between UMMA and ^IMXL has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UMMA vs. ^IMXL — Risk / Return Rank
UMMA
^IMXL
UMMA vs. ^IMXL - 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 Titans 100 Index (^IMXL). 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 | ^IMXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.59 | +0.25 |
| Martin ratioReturn relative to average drawdown | 11.01 | 10.84 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UMMA | ^IMXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.51 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.45 | +0.04 |
Drawdowns
UMMA vs. ^IMXL - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum ^IMXL drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for UMMA and ^IMXL.
Loading charts...
Drawdown Indicators
| UMMA | ^IMXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -48.36% | +14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -11.34% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -20.41% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.52% | — |
Current DrawdownCurrent decline from peak | -7.31% | -0.77% | -6.54% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -10.79% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.99% | +0.85% |
Volatility
UMMA vs. ^IMXL - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 9.81% compared to Dow Jones Islamic Market Titans 100 Index (^IMXL) at 2.86%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than ^IMXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UMMA | ^IMXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 2.86% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 9.61% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 11.74% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 16.91% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.77% | 16.66% | +4.11% |
Frequently Asked Questions
UMMA and ^IMXL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMMA has higher volatility (9.81%) compared to ^IMXL (2.86%). In terms of maximum drawdown, UMMA dropped -34.17% vs ^IMXL's -48.36%.
^IMXL currently has the higher Sharpe Ratio (2.51 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for UMMA and ^IMXL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer