UMMA vs. AMDWX
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and Amana Mutual Funds Trust Developing World Fund (AMDWX).
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. AMDWX is managed by Amana. It was launched on Sep 27, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMMA or AMDWX.
Performance
UMMA vs. AMDWX - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 5.41% return, which is significantly lower than AMDWX's 7.99% return.
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
AMDWX
7.99%
-5.19%
0.45%
14.40%
6.57%
2.45%
Key characteristics
| UMMA | AMDWX | |
|---|---|---|
| Sharpe Ratio | 0.65 | 1.06 |
| Sortino Ratio | 1.02 | 1.54 |
| Omega Ratio | 1.12 | 1.19 |
| Calmar Ratio | 0.78 | 1.01 |
| Martin Ratio | 3.35 | 4.98 |
| Ulcer Index | 3.21% | 2.91% |
| Daily Std Dev | 16.58% | 13.71% |
| Max Drawdown | -34.17% | -28.89% |
| Current Drawdown | -8.63% | -7.84% |
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UMMA vs. AMDWX - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is lower than AMDWX's 1.14% expense ratio.
Correlation
The correlation between UMMA and AMDWX is 0.83, 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. AMDWX - 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 Developing World Fund (AMDWX). 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. AMDWX - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.10%, more than AMDWX's 0.81% 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% |
AMDWX Amana Mutual Funds Trust Developing World Fund | 0.81% | 0.88% | 0.75% | 1.16% | 0.00% | 0.37% | 0.50% | 0.18% | 0.28% | 0.58% | 0.20% | 0.39% |
Drawdowns
UMMA vs. AMDWX - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than AMDWX's maximum drawdown of -28.89%. Use the drawdown chart below to compare losses from any high point for UMMA and AMDWX. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. AMDWX - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 3.71% compared to Amana Mutual Funds Trust Developing World Fund (AMDWX) at 3.35%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than AMDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.