UMMA vs. SPRE
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds S&P Global REIT Sharia ETF (SPRE).
UMMA and SPRE 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. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. Both UMMA and SPRE 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 SPRE.
Performance
UMMA vs. SPRE - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 6.34% return, which is significantly lower than SPRE's 7.62% return.
UMMA
6.34%
-4.19%
-1.66%
12.22%
N/A
N/A
SPRE
7.62%
-0.31%
12.35%
21.48%
N/A
N/A
Key characteristics
| UMMA | SPRE | |
|---|---|---|
| Sharpe Ratio | 0.76 | 1.36 |
| Sortino Ratio | 1.17 | 1.97 |
| Omega Ratio | 1.14 | 1.24 |
| Calmar Ratio | 0.91 | 0.69 |
| Martin Ratio | 3.88 | 5.38 |
| Ulcer Index | 3.25% | 4.06% |
| Daily Std Dev | 16.58% | 16.08% |
| Max Drawdown | -34.17% | -38.34% |
| Current Drawdown | -7.83% | -16.98% |
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UMMA vs. SPRE - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is lower than SPRE's 0.69% expense ratio.
Correlation
The correlation between UMMA and SPRE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
UMMA vs. SPRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds S&P Global REIT Sharia ETF (SPRE). 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. SPRE - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.09%, less than SPRE's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.09% | 1.09% | 1.77% | 0.00% |
SPRE SP Funds S&P Global REIT Sharia ETF | 3.99% | 4.16% | 4.17% | 2.83% |
Drawdowns
UMMA vs. SPRE - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum SPRE drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for UMMA and SPRE. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. SPRE - Volatility Comparison
The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 3.87%, while SP Funds S&P Global REIT Sharia ETF (SPRE) has a volatility of 4.54%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.