UMMA vs. SPSK
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds Dow Jones Global Sukuk ETF (SPSK).
UMMA and SPSK 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. SPSK is a passively managed fund by Toroso Investments that tracks the performance of the Dow Jones Sukuk Total Return (No Coupon Reinvestment). It was launched on Dec 30, 2019. Both UMMA and SPSK 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 SPSK.
Performance
UMMA vs. SPSK - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 5.41% return, which is significantly higher than SPSK's 2.26% return.
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
SPSK
2.26%
-1.09%
2.55%
5.94%
N/A
N/A
Key characteristics
| UMMA | SPSK | |
|---|---|---|
| Sharpe Ratio | 0.65 | 0.80 |
| Sortino Ratio | 1.02 | 1.22 |
| Omega Ratio | 1.12 | 1.14 |
| Calmar Ratio | 0.78 | 0.64 |
| Martin Ratio | 3.35 | 6.10 |
| Ulcer Index | 3.21% | 0.91% |
| Daily Std Dev | 16.58% | 6.99% |
| Max Drawdown | -34.17% | -12.83% |
| Current Drawdown | -8.63% | -3.30% |
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UMMA vs. SPSK - Expense Ratio Comparison
Both UMMA and SPSK have an expense ratio of 0.65%.
Correlation
The correlation between UMMA and SPSK is 0.20, 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.
Risk-Adjusted Performance
UMMA vs. SPSK - 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 Dow Jones Global Sukuk ETF (SPSK). 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. SPSK - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.10%, less than SPSK's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.10% | 1.09% | 1.77% | 0.00% | 0.00% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 2.94% | 2.95% | 2.22% | 2.56% | 1.78% |
Drawdowns
UMMA vs. SPSK - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than SPSK's maximum drawdown of -12.83%. Use the drawdown chart below to compare losses from any high point for UMMA and SPSK. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. SPSK - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 3.71% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 1.91%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than SPSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.