UMMA vs. KSA
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and iShares MSCI Saudi Arabia ETF (KSA).
UMMA and KSA 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. KSA is a passively managed fund by iShares that tracks the performance of the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index. It was launched on Sep 16, 2015. Both UMMA and KSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UMMA vs. KSA - Performance Comparison
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UMMA vs. KSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 3.94% | 26.65% | 4.67% | 18.84% | -21.62% |
KSA iShares MSCI Saudi Arabia ETF | 9.17% | -8.20% | -0.19% | 15.05% | -8.32% |
Returns By Period
In the year-to-date period, UMMA achieves a 3.94% return, which is significantly lower than KSA's 9.17% return.
UMMA
- 1D
- 3.86%
- 1M
- -11.22%
- YTD
- 3.94%
- 6M
- 11.67%
- 1Y
- 30.32%
- 3Y*
- 13.86%
- 5Y*
- —
- 10Y*
- —
KSA
- 1D
- 2.47%
- 1M
- 6.94%
- YTD
- 9.17%
- 6M
- -0.86%
- 1Y
- -1.07%
- 3Y*
- 3.88%
- 5Y*
- 4.57%
- 10Y*
- 8.88%
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UMMA vs. KSA - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is lower than KSA's 0.74% expense ratio.
Return for Risk
UMMA vs. KSA — Risk / Return Rank
UMMA
KSA
UMMA vs. KSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and iShares MSCI Saudi Arabia ETF (KSA). 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.
| UMMA | KSA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | -0.06 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.01 | 0.05 | +1.96 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.01 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.03 | +1.98 |
Martin ratioReturn relative to average drawdown | 7.84 | -0.05 | +7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UMMA | KSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | -0.06 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.33 | -0.02 |
Correlation
The correlation between UMMA and KSA is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UMMA vs. KSA - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.18%, less than KSA's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.18% | 1.02% | 0.91% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.70% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Drawdowns
UMMA vs. KSA - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum KSA drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for UMMA and KSA.
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Drawdown Indicators
| UMMA | KSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -40.56% | +6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -11.62% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -11.65% | -13.35% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -11.38% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 6.51% | -2.79% |
Volatility
UMMA vs. KSA - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 9.94% compared to iShares MSCI Saudi Arabia ETF (KSA) at 7.02%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than KSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMMA | KSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 7.02% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 12.13% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 18.17% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 15.94% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.23% | 20.17% | +0.06% |