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

Correlation

The correlation between UMMA and SPSK is 0.15, 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.


Performance

UMMA vs. SPSK - Performance Comparison

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

-10.00%-5.00%0.00%5.00%December2025FebruaryMarchAprilMay
1.75%
1.24%
UMMA
SPSK

Key characteristics

Sharpe Ratio

UMMA:

0.11

SPSK:

0.81

Sortino Ratio

UMMA:

0.31

SPSK:

1.22

Omega Ratio

UMMA:

1.04

SPSK:

1.14

Calmar Ratio

UMMA:

0.13

SPSK:

0.89

Martin Ratio

UMMA:

0.42

SPSK:

4.61

Ulcer Index

UMMA:

5.65%

SPSK:

1.21%

Daily Std Dev

UMMA:

20.81%

SPSK:

6.79%

Max Drawdown

UMMA:

-34.17%

SPSK:

-12.83%

Current Drawdown

UMMA:

-5.32%

SPSK:

-0.90%

Returns By Period

In the year-to-date period, UMMA achieves a 4.36% return, which is significantly higher than SPSK's 1.79% return.


UMMA

YTD

4.36%

1M

8.41%

6M

0.30%

1Y

2.18%

5Y*

N/A

10Y*

N/A

SPSK

YTD

1.79%

1M

0.51%

6M

1.97%

1Y

5.45%

5Y*

0.99%

10Y*

N/A

*Annualized

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UMMA vs. SPSK - Expense Ratio Comparison

Both UMMA and SPSK have an expense ratio of 0.65%.


Risk-Adjusted Performance

UMMA vs. SPSK — 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 2626
Overall Rank
The Sharpe Ratio Rank of UMMA is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of UMMA is 2626
Sortino Ratio Rank
The Omega Ratio Rank of UMMA is 2525
Omega Ratio Rank
The Calmar Ratio Rank of UMMA is 2929
Calmar Ratio Rank
The Martin Ratio Rank of UMMA is 2727
Martin Ratio Rank

SPSK
The Risk-Adjusted Performance Rank of SPSK is 7777
Overall Rank
The Sharpe Ratio Rank of SPSK is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of SPSK is 7676
Sortino Ratio Rank
The Omega Ratio Rank of SPSK is 6868
Omega Ratio Rank
The Calmar Ratio Rank of SPSK is 8080
Calmar Ratio Rank
The Martin Ratio Rank of SPSK is 8484
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. 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.


The current UMMA Sharpe Ratio is 0.11, which is lower than the SPSK Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of UMMA and SPSK, 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-0.500.000.501.00December2025FebruaryMarchAprilMay
0.11
0.81
UMMA
SPSK

Dividends

UMMA vs. SPSK - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 0.87%, less than SPSK's 3.50% yield.


TTM20242023202220212020
UMMA
Wahed Dow Jones Islamic World ETF
0.87%0.91%1.09%1.77%0.00%0.00%
SPSK
SP Funds Dow Jones Global Sukuk ETF
3.50%3.53%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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-5.32%
-0.66%
UMMA
SPSK

Volatility

UMMA vs. SPSK - Volatility Comparison

Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 5.69% compared to SP Funds Dow Jones Global Sukuk ETF (SPSK) at 1.72%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay
5.69%
1.72%
UMMA
SPSK