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UMMA vs. HLAL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UMMA and HLAL is 0.78, 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.


Performance

UMMA vs. HLAL - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%December2025FebruaryMarchAprilMay
1.71%
19.46%
UMMA
HLAL

Key characteristics

Sharpe Ratio

UMMA:

0.15

HLAL:

0.14

Sortino Ratio

UMMA:

0.35

HLAL:

0.34

Omega Ratio

UMMA:

1.04

HLAL:

1.05

Calmar Ratio

UMMA:

0.16

HLAL:

0.13

Martin Ratio

UMMA:

0.51

HLAL:

0.47

Ulcer Index

UMMA:

5.64%

HLAL:

6.07%

Daily Std Dev

UMMA:

20.83%

HLAL:

20.29%

Max Drawdown

UMMA:

-34.17%

HLAL:

-33.57%

Current Drawdown

UMMA:

-5.36%

HLAL:

-10.60%

Returns By Period

In the year-to-date period, UMMA achieves a 4.31% return, which is significantly higher than HLAL's -6.94% return.


UMMA

YTD

4.31%

1M

16.45%

6M

-1.03%

1Y

3.20%

5Y*

N/A

10Y*

N/A

HLAL

YTD

-6.94%

1M

14.14%

6M

-6.99%

1Y

2.85%

5Y*

15.36%

10Y*

N/A

*Annualized

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UMMA vs. HLAL - Expense Ratio Comparison

UMMA has a 0.65% expense ratio, which is higher than HLAL's 0.50% expense ratio.


Risk-Adjusted Performance

UMMA vs. HLAL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMMA
The Risk-Adjusted Performance Rank of UMMA is 3030
Overall Rank
The Sharpe Ratio Rank of UMMA is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of UMMA is 3030
Sortino Ratio Rank
The Omega Ratio Rank of UMMA is 2828
Omega Ratio Rank
The Calmar Ratio Rank of UMMA is 3333
Calmar Ratio Rank
The Martin Ratio Rank of UMMA is 3131
Martin Ratio Rank

HLAL
The Risk-Adjusted Performance Rank of HLAL is 3030
Overall Rank
The Sharpe Ratio Rank of HLAL is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of HLAL is 3030
Sortino Ratio Rank
The Omega Ratio Rank of HLAL is 3030
Omega Ratio Rank
The Calmar Ratio Rank of HLAL is 3131
Calmar Ratio Rank
The Martin Ratio Rank of HLAL is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current UMMA Sharpe Ratio is 0.15, which is comparable to the HLAL Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of UMMA and HLAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00December2025FebruaryMarchAprilMay
0.15
0.14
UMMA
HLAL

Dividends

UMMA vs. HLAL - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 0.87%, more than HLAL's 0.72% yield.


TTM202420232022202120202019
UMMA
Wahed Dow Jones Islamic World ETF
0.87%0.91%1.09%1.77%0.00%0.00%0.00%
HLAL
Wahed FTSE USA Shariah ETF
0.72%0.58%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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-5.36%
-10.60%
UMMA
HLAL

Volatility

UMMA vs. HLAL - Volatility Comparison

The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 8.85%, while Wahed FTSE USA Shariah ETF (HLAL) has a volatility of 11.95%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
8.85%
11.95%
UMMA
HLAL