UMMA vs. FIDI
UMMA (Wahed Dow Jones Islamic World ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds. UMMA is actively managed, while FIDI is passively managed. Over the past 3 years, UMMA returned 18.50%/yr vs 19.48%/yr for FIDI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. UMMA charges 0.65%/yr vs 0.39%/yr for FIDI.
Performance
UMMA vs. FIDI - 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 FIDI's 15.58% 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%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.62M | $1.95M | $1.81M | |
| $1.27M | $1.70M | $1.85M |
UMMA vs. FIDI - 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% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -6.83% |
Correlation
The correlation between UMMA and FIDI is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.70 |
The correlation between UMMA and FIDI shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UMMA vs. FIDI — Risk / Return Rank
UMMA
FIDI
UMMA vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Fidelity International High Dividend ETF (FIDI). 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 | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.48 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.51 | -1.75 |
| Martin ratioReturn relative to average drawdown | 8.85 | 15.65 | -6.81 |
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Drawdowns
UMMA vs. FIDI - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for UMMA and FIDI.
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Drawdown Indicators
| UMMA | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -46.34% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -6.96% | -7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -12.09% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.05% | — |
Current DrawdownCurrent decline from peak | -10.31% | -0.92% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -9.63% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 2.00% | +2.65% |
Volatility
UMMA vs. FIDI - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 8.43% compared to Fidelity International High Dividend ETF (FIDI) at 2.97%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMMA | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 2.97% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 9.31% | +12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 11.62% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 14.81% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 18.62% | +2.69% |
UMMA vs. FIDI - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than FIDI's 0.39% expense ratio.
Dividends
UMMA vs. FIDI - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 0.99%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% |
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% |
Frequently Asked Questions
UMMA and FIDI have a correlation of 0.56, 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 FIDI (2.97%). In terms of maximum drawdown, UMMA dropped -34.17% vs FIDI's -46.34%.
On 3-year performance, FIDI leads with 19.48% vs 18.50% for UMMA. On fees, FIDI is cheaper at 0.39% per year. On volatility, FIDI has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FIDI has performed better with a 19.48% return vs 18.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDI is cheaper with a 0.39% expense ratio, compared with 0.65% for UMMA.
FIDI has the higher dividend yield at 3.90%, compared with 0.99% for UMMA.
They also come from different issuers: Wahed and Fidelity. Their fees differ too: 0.65% for UMMA and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 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.
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