UMMA vs. EPIN

Last updated Aug 2, 2026

UMMA (Wahed Dow Jones Islamic World ETF) and EPIN (Harbor International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, UMMA returned 42.50% vs 38.00% for EPIN. Their correlation of 0.90 means they have usually moved in the same direction. UMMA charges 0.65%/yr vs 0.80%/yr for EPIN.

Performance

UMMA vs. EPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed Dow Jones Islamic World ETF (UMMA) and Harbor International Equity ETF (EPIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UMMA having a 22.37% return and EPIN slightly higher at 23.34%.

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%

EPIN

• 1D: 0.40%
• 1M: -0.70%
• 6M: 14.34%
• YTD: 23.34%
• 1Y: 38.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPIN Harbor International Equity ETF	$41.81K	$24.58K	$20.32K
UMMA Wahed Dow Jones Islamic World ETF	$1.27M	$1.70M	$1.85M

UMMA vs. EPIN - Yearly Performance Comparison

	2026 (YTD)	2025
UMMA Wahed Dow Jones Islamic World ETF	22.37%	14.70%
EPIN Harbor International Equity ETF	23.34%	14.36%

Correlation

The correlation between UMMA and EPIN is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.90

The correlation between UMMA and EPIN has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

UMMA vs. EPIN - Sectors Allocation Comparison

Sectors	UMMA	EPIN
Technology	48.5%	29.6%
Healthcare	15.1%	8.2%
Industrials	11.4%	20.6%
Basic Materials	8.0%	7.1%
Consumer Cyclical	7.1%	7.0%
Consumer Defensive	6.4%	3.6%
Energy	2.0%	3.8%
Communication Services	1.0%	1.0%
Real Estate	0.4%	-
Financial Services	0.0%	19.1%
Utilities	-	-

Return for Risk

UMMA vs. EPIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UMMA

UMMA Risk / Return Rank: 74
UMMA Sharpe Ratio Rank: 75
UMMA Sortino Ratio Rank: 71
UMMA Omega Ratio Rank: 73
UMMA Calmar Ratio Rank: 78
UMMA Martin Ratio Rank: 73

EPIN

EPIN Risk / Return Rank: 83
EPIN Sharpe Ratio Rank: 83
EPIN Sortino Ratio Rank: 81
EPIN Omega Ratio Rank: 82
EPIN Calmar Ratio Rank: 84
EPIN Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UMMA vs. EPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Harbor International Equity ETF (EPIN). 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	EPIN	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.95	-0.25
Sortino ratio: Return per unit of downside risk	2.28	2.66	-0.37
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.76	3.20	-0.44
Martin ratio: Return relative to average drawdown	8.85	11.52	-2.67

UMMA vs. EPIN - Sharpe Ratio Comparison

The current UMMA Sharpe Ratio is 1.70, which is comparable to the EPIN Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of UMMA and EPIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UMMA vs. EPIN - Drawdown Comparison

The maximum UMMA drawdown since its inception was -34.17%, which is greater than EPIN's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for UMMA and EPIN.

Drawdown Indicators

	UMMA	EPIN	Difference
Max Drawdown Largest peak-to-trough decline	-34.17%	-11.64%	-22.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.93%	-11.64%	-3.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Current Drawdown Current decline from peak	-10.31%	-2.49%	-7.82%
Average Drawdown Average peak-to-trough decline	-9.69%	-1.93%	-7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	3.23%	+1.42%

Volatility

UMMA vs. EPIN - Volatility Comparison

Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 8.43% compared to Harbor International Equity ETF (EPIN) at 5.55%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than EPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMMA	EPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	5.55%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	21.90%	16.99%	+4.91%
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	19.13%	+5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.31%	18.37%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.31%	18.37%	+2.94%

UMMA vs. EPIN - Expense Ratio Comparison

UMMA has a 0.65% expense ratio, which is lower than EPIN's 0.80% expense ratio.

Dividends

UMMA vs. EPIN - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 0.99%, more than EPIN's 0.64% yield.

Position	TTM	2025	2024	2023	2022
EPIN Harbor International Equity ETF	0.64%	0.79%	0.00%	0.00%	0.00%
UMMA Wahed Dow Jones Islamic World ETF	0.99%	1.02%	0.91%	1.09%	1.77%

Frequently Asked Questions

Can I hold both UMMA and EPIN in my portfolio?

UMMA and EPIN have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UMMA or EPIN?

UMMA has higher volatility (8.43%) compared to EPIN (5.55%). In terms of maximum drawdown, UMMA dropped -34.17% vs EPIN's -11.64%.

Which ETF is better, UMMA or EPIN?

On 1-year performance, UMMA leads with 42.50% vs 38.00% for EPIN. On fees, UMMA is cheaper at 0.65% per year. On volatility, EPIN has been the lower-risk option at 5.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UMMA or EPIN?

Over the 1-year period, UMMA has performed better with a 42.50% return vs 38.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UMMA or EPIN?

UMMA is cheaper with a 0.65% expense ratio, compared with 0.80% for EPIN.

Which ETF pays a higher dividend yield, UMMA or EPIN?

UMMA has the higher dividend yield at 0.99%, compared with 0.64% for EPIN.

What is the main difference between UMMA and EPIN?

They also come from different issuers: Wahed and Harbor. Their fees differ too: 0.65% for UMMA and 0.80% for EPIN.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (1.95 vs 1.70), 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.