Correlation
The correlation between UMMA and SPTE is 0.75, 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.
UMMA vs. SPTE
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds S&P Global Technology ETF (SPTE).
UMMA and SPTE 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. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. Both UMMA and SPTE 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 SPTE.
Performance
UMMA vs. SPTE - Performance Comparison
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Key characteristics
UMMA:
0.30
SPTE:
0.43
UMMA:
0.46
SPTE:
0.68
UMMA:
1.06
SPTE:
1.09
UMMA:
0.25
SPTE:
0.40
UMMA:
0.82
SPTE:
1.25
UMMA:
5.67%
SPTE:
8.19%
UMMA:
20.89%
SPTE:
31.21%
UMMA:
-34.17%
SPTE:
-25.54%
UMMA:
-1.78%
SPTE:
-4.13%
Returns By Period
In the year-to-date period, UMMA achieves a 8.26% return, which is significantly higher than SPTE's 1.00% return.
UMMA
8.26%
5.89%
4.90%
6.22%
8.46%
N/A
N/A
SPTE
1.00%
9.50%
2.68%
13.20%
N/A
N/A
N/A
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UMMA vs. SPTE - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than SPTE's 0.55% expense ratio.
Risk-Adjusted Performance
UMMA vs. SPTE — Risk-Adjusted Performance Rank
UMMA
SPTE
UMMA vs. SPTE - 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 Technology ETF (SPTE). 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.
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Dividends
UMMA vs. SPTE - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 0.84%, more than SPTE's 0.51% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 0.84% | 0.91% | 1.09% | 1.77% |
SPTE SP Funds S&P Global Technology ETF | 0.51% | 0.49% | 0.00% | 0.00% |
Drawdowns
UMMA vs. SPTE - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than SPTE's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for UMMA and SPTE.
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Volatility
UMMA vs. SPTE - Volatility Comparison
The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 4.32%, while SP Funds S&P Global Technology ETF (SPTE) has a volatility of 5.86%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than SPTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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