UMMA vs. SPTE

Last updated Jun 24, 2026

UMMA (Wahed Dow Jones Islamic World ETF) and SPTE (SP Funds S&P Global Technology ETF) are both exchange-traded funds - UMMA is a Foreign Large Cap Equities fund actively managed by Wahed, while SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index. UMMA is actively managed, while SPTE is passively managed. Over the past year, UMMA returned 50.76% vs 60.97% for SPTE. Their correlation of 0.82 suggests significant overlap in exposure. UMMA charges 0.65%/yr vs 0.55%/yr for SPTE.

Performance

UMMA vs. SPTE - 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 S&P Global Technology ETF (SPTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMMA achieves a 29.52% return, which is significantly lower than SPTE's 33.89% return.

UMMA

• 1D: -5.07%
• 1M: 4.45%
• YTD: 29.52%
• 6M: 30.57%
• 1Y: 50.76%
• 3Y*: 21.92%
• 5Y*: —
• 10Y*: —

SPTE

• 1D: -4.87%
• 1M: 2.03%
• YTD: 33.89%
• 6M: 34.44%
• 1Y: 60.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UMMA vs. SPTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UMMA Wahed Dow Jones Islamic World ETF	29.52%	26.65%	4.67%	4.93%
SPTE SP Funds S&P Global Technology ETF	33.89%	26.37%	33.28%	5.52%

Correlation

The correlation between UMMA and SPTE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.82

The correlation between UMMA and SPTE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

UMMA vs. SPTE - Sectors Allocation Comparison

Sectors	UMMA	SPTE
Technology	48.2%	98.9%
Healthcare	14.8%	0.3%
Industrials	12.1%	0.2%
Basic Materials	8.8%	-
Consumer Cyclical	7.3%	-
Consumer Defensive	5.0%	-
Energy	2.4%	0.1%
Communication Services	1.0%	-
Real Estate	0.4%	-
Financial Services	0.0%	-
Utilities	-	-

Return for Risk

UMMA vs. SPTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UMMA

UMMA Risk / Return Rank: 70
UMMA Sharpe Ratio Rank: 73
UMMA Sortino Ratio Rank: 65
UMMA Omega Ratio Rank: 71
UMMA Calmar Ratio Rank: 70
UMMA Martin Ratio Rank: 72

SPTE

SPTE Risk / Return Rank: 78
SPTE Sharpe Ratio Rank: 81
SPTE Sortino Ratio Rank: 70
SPTE Omega Ratio Rank: 73
SPTE Calmar Ratio Rank: 84
SPTE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMMA vs. SPTE - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UMMA	SPTE	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.47	-0.22
Sortino ratio: Return per unit of downside risk	2.88	3.02	-0.14
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	3.42	4.44	-1.02
Martin ratio: Return relative to average drawdown	13.07	15.34	-2.27

UMMA vs. SPTE - Sharpe Ratio Comparison

The current UMMA Sharpe Ratio is 2.24, which is comparable to the SPTE Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of UMMA and SPTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -25.55%. Use the drawdown chart below to compare losses from any high point for UMMA and SPTE.

Drawdown Indicators

	UMMA	SPTE	Difference
Max Drawdown Largest peak-to-trough decline	-34.17%	-25.55%	-8.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.93%	-13.80%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Current Drawdown Current decline from peak	-5.07%	-6.72%	+1.65%
Average Drawdown Average peak-to-trough decline	-9.73%	-4.08%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	3.99%	-0.10%

Volatility

UMMA vs. SPTE - Volatility Comparison

The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 12.08%, while SP Funds S&P Global Technology ETF (SPTE) has a volatility of 13.37%. 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.

Volatility by Period

	UMMA	SPTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.08%	13.37%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	20.30%	21.12%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.74%	24.86%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.08%	26.64%	-5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	26.64%	-5.56%

UMMA vs. SPTE - Expense Ratio Comparison

UMMA has a 0.65% expense ratio, which is higher than SPTE's 0.55% expense ratio.

Dividends

UMMA vs. SPTE - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 0.95%, more than SPTE's 0.71% yield.

Position	TTM	2025	2024	2023	2022
SPTE SP Funds S&P Global Technology ETF	0.71%	0.96%	0.48%	0.00%	0.00%
UMMA Wahed Dow Jones Islamic World ETF	0.95%	1.02%	0.91%	1.09%	1.77%

Frequently Asked Questions

Can I hold both UMMA and SPTE in my portfolio?

UMMA and SPTE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UMMA or SPTE?

SPTE has higher volatility (13.37%) compared to UMMA (12.08%). In terms of maximum drawdown, UMMA dropped -34.17% vs SPTE's -25.55%.

Which ETF is better, UMMA or SPTE?

On 1-year performance, SPTE leads with 60.97% vs 50.76% for UMMA. On fees, SPTE is cheaper at 0.55% per year. On volatility, UMMA has been the lower-risk option at 12.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UMMA or SPTE?

Over the 1-year period, SPTE has performed better with a 60.97% return vs 50.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UMMA or SPTE?

SPTE is cheaper with a 0.55% expense ratio, compared with 0.65% for UMMA.

Which ETF pays a higher dividend yield, UMMA or SPTE?

UMMA has the higher dividend yield at 0.95%, compared with 0.71% for SPTE.

What is the main difference between UMMA and SPTE?

UMMA is categorized as Foreign Large Cap Equities, while SPTE is Technology Equities. They also come from different issuers: Wahed and SP Funds. Their fees differ too: 0.65% for UMMA and 0.55% for SPTE.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (2.47 vs 2.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.