UMMA vs. AMAGX
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and Amana Mutual Funds Trust Growth Fund (AMAGX).
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. AMAGX is managed by Amana. It was launched on Feb 3, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMMA or AMAGX.
Correlation
The correlation between UMMA and AMAGX is 0.80, 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
UMMA vs. AMAGX - Performance Comparison
Key characteristics
UMMA:
0.76
AMAGX:
0.77
UMMA:
1.18
AMAGX:
1.12
UMMA:
1.14
AMAGX:
1.14
UMMA:
1.26
AMAGX:
1.13
UMMA:
3.03
AMAGX:
3.39
UMMA:
4.23%
AMAGX:
3.66%
UMMA:
16.86%
AMAGX:
16.02%
UMMA:
-34.17%
AMAGX:
-57.64%
UMMA:
-4.59%
AMAGX:
-5.56%
Returns By Period
In the year-to-date period, UMMA achieves a 5.16% return, which is significantly higher than AMAGX's 2.11% return.
UMMA
5.16%
5.22%
1.04%
12.14%
N/A
N/A
AMAGX
2.11%
1.46%
-1.43%
10.69%
12.08%
9.44%
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UMMA vs. AMAGX - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is lower than AMAGX's 0.91% expense ratio.
Risk-Adjusted Performance
UMMA vs. AMAGX — Risk-Adjusted Performance Rank
UMMA
AMAGX
UMMA vs. AMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Amana Mutual Funds Trust Growth Fund (AMAGX). 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
UMMA vs. AMAGX - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 0.86%, while AMAGX has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 0.86% | 0.91% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAGX Amana Mutual Funds Trust Growth Fund | 0.00% | 0.00% | 0.16% | 0.17% | 0.07% | 0.22% | 0.36% | 0.47% | 0.49% | 0.75% | 0.54% | 0.37% |
Drawdowns
UMMA vs. AMAGX - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum AMAGX drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for UMMA and AMAGX. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. AMAGX - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) and Amana Mutual Funds Trust Growth Fund (AMAGX) have volatilities of 6.03% and 6.30%, 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.