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.
Performance
UMMA vs. AMAGX - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 5.41% return, which is significantly lower than AMAGX's 15.61% return.
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
AMAGX
15.61%
-2.05%
3.64%
21.51%
13.68%
8.92%
Key characteristics
| UMMA | AMAGX | |
|---|---|---|
| Sharpe Ratio | 0.65 | 1.41 |
| Sortino Ratio | 1.02 | 1.98 |
| Omega Ratio | 1.12 | 1.26 |
| Calmar Ratio | 0.78 | 1.95 |
| Martin Ratio | 3.35 | 6.90 |
| Ulcer Index | 3.21% | 3.08% |
| Daily Std Dev | 16.58% | 15.08% |
| Max Drawdown | -34.17% | -57.64% |
| Current Drawdown | -8.63% | -3.70% |
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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.
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.
Risk-Adjusted Performance
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 1.10%, more than AMAGX's 0.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.10% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAGX Amana Mutual Funds Trust Growth Fund | 0.13% | 0.16% | 0.17% | 0.07% | 0.22% | 0.36% | 0.47% | 0.49% | 0.75% | 0.54% | 0.37% | 0.60% |
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
The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 3.71%, while Amana Mutual Funds Trust Growth Fund (AMAGX) has a volatility of 4.20%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than AMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.