UMMA vs. DIA
UMMA (Wahed Dow Jones Islamic World ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - UMMA is a Foreign Large Cap Equities fund actively managed by Wahed, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. UMMA is actively managed, while DIA is passively managed. Over the past 3 years, UMMA returned 18.50%/yr vs 15.63%/yr for DIA. Their 0.65 correlation means they have sometimes moved together and sometimes differently. UMMA charges 0.65%/yr vs 0.16%/yr for DIA.
Performance
UMMA vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, UMMA achieves a 22.37% return, which is significantly higher than DIA's 9.95% return.
UMMA
- 1D
- -0.48%
- 1M
- -4.45%
- 6M
- 13.47%
- YTD
- 22.37%
- 1Y
- 42.50%
- 3Y*
- 18.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.57%
DIA
- 1D
- 0.54%
- 1M
- -0.65%
- 6M
- 8.01%
- YTD
- 9.95%
- 1Y
- 22.15%
- 3Y*
- 15.63%
- 5Y*
- 10.36%
- 10Y*
- 13.26%
- ALL TIME*
- 9.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.05B | $1.95B | $2.38B | |
| $1.27M | $1.70M | $1.85M |
UMMA vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 22.37% | 26.65% | 4.67% | 18.84% | -21.31% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 9.95% | 14.71% | 14.82% | 16.02% | -6.78% |
Correlation
The correlation between UMMA and DIA is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.65 |
The correlation between UMMA and DIA has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
UMMA vs. DIA - Sectors Allocation Comparison
Sectors
UMMA
DIA
Technology
Healthcare
Industrials
Basic Materials
Consumer Cyclical
Consumer Defensive
Energy
Communication Services
Real Estate
-
Financial Services
Utilities
-
-
Technology
UMMA
DIA
Healthcare
UMMA
DIA
Industrials
UMMA
DIA
Basic Materials
UMMA
DIA
Consumer Cyclical
UMMA
DIA
Consumer Defensive
UMMA
DIA
Energy
UMMA
DIA
Communication Services
UMMA
DIA
Real Estate
UMMA
DIA
-
Financial Services
UMMA
DIA
Utilities
UMMA
-
DIA
-
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Return for Risk
UMMA vs. DIA — Risk / Return Rank
UMMA
DIA
UMMA vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UMMA | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.12 | +0.64 |
| Martin ratioReturn relative to average drawdown | 8.85 | 8.21 | +0.64 |
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Drawdowns
UMMA vs. DIA - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for UMMA and DIA.
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Drawdown Indicators
| UMMA | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -51.87% | +17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -9.76% | -5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -15.95% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.70% | — |
Current DrawdownCurrent decline from peak | -10.31% | -1.06% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -7.11% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 2.52% | +2.13% |
Volatility
UMMA vs. DIA - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 8.43% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 3.74%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMMA | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 3.74% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 9.82% | +12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 12.52% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 14.83% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 17.53% | +3.78% |
UMMA vs. DIA - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than DIA's 0.16% expense ratio.
Dividends
UMMA vs. DIA - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 0.99%, less than DIA's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.37% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
UMMA Wahed Dow Jones Islamic World ETF | 0.99% | 1.02% | 0.91% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UMMA and DIA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMMA has higher volatility (8.43%) compared to DIA (3.74%). In terms of maximum drawdown, UMMA dropped -34.17% vs DIA's -51.87%.
On 3-year performance, UMMA leads with 18.50% vs 15.63% for DIA. On fees, DIA is cheaper at 0.16% per year. On volatility, DIA has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UMMA has performed better with a 18.50% return vs 15.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIA is cheaper with a 0.16% expense ratio, compared with 0.65% for UMMA.
DIA has the higher dividend yield at 1.37%, compared with 0.99% for UMMA.
UMMA is categorized as Foreign Large Cap Equities, while DIA is Large Cap Blend Equities. They also come from different issuers: Wahed and State Street. Their fees differ too: 0.65% for UMMA and 0.16% for DIA.
UMMA currently has the higher Sharpe Ratio (1.70 vs 1.66), 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.
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