UMMA vs. HLAL
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and Wahed FTSE USA Shariah ETF (HLAL).
UMMA and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019. Both UMMA and HLAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UMMA or HLAL.
Performance
UMMA vs. HLAL - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 6.34% return, which is significantly lower than HLAL's 15.55% return.
UMMA
6.34%
-4.19%
-1.66%
12.22%
N/A
N/A
HLAL
15.55%
0.65%
7.63%
19.86%
15.96%
N/A
Key characteristics
| UMMA | HLAL | |
|---|---|---|
| Sharpe Ratio | 0.76 | 1.58 |
| Sortino Ratio | 1.17 | 2.12 |
| Omega Ratio | 1.14 | 1.29 |
| Calmar Ratio | 0.91 | 2.21 |
| Martin Ratio | 3.88 | 8.25 |
| Ulcer Index | 3.25% | 2.48% |
| Daily Std Dev | 16.58% | 12.92% |
| Max Drawdown | -34.17% | -33.57% |
| Current Drawdown | -7.83% | -1.26% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UMMA vs. HLAL - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Correlation
The correlation between UMMA and HLAL is 0.77, 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. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Wahed FTSE USA Shariah ETF (HLAL). 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. HLAL - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.09%, more than HLAL's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.09% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
UMMA vs. HLAL - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, roughly equal to the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for UMMA and HLAL. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. HLAL - Volatility Comparison
The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 3.87%, while Wahed FTSE USA Shariah ETF (HLAL) has a volatility of 4.36%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.