UMMA vs. SPUS
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
UMMA and SPUS 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. Both UMMA and SPUS 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 SPUS.
Performance
UMMA vs. SPUS - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 5.41% return, which is significantly lower than SPUS's 24.57% return.
UMMA
5.41%
-5.74%
-2.75%
11.63%
N/A
N/A
SPUS
24.57%
-0.01%
10.29%
29.80%
N/A
N/A
Key characteristics
| UMMA | SPUS | |
|---|---|---|
| Sharpe Ratio | 0.65 | 1.93 |
| Sortino Ratio | 1.02 | 2.58 |
| Omega Ratio | 1.12 | 1.35 |
| Calmar Ratio | 0.78 | 2.58 |
| Martin Ratio | 3.35 | 10.29 |
| Ulcer Index | 3.21% | 2.87% |
| Daily Std Dev | 16.58% | 15.30% |
| Max Drawdown | -34.17% | -30.80% |
| Current Drawdown | -8.63% | -2.24% |
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UMMA vs. SPUS - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than SPUS's 0.49% expense ratio.
Correlation
The correlation between UMMA and SPUS is 0.77, 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.
Risk-Adjusted Performance
UMMA vs. SPUS - 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 500 Sharia Industry Exclusions ETF (SPUS). 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. SPUS - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.10%, more than SPUS's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.10% | 1.09% | 1.77% | 0.00% | 0.00% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.70% | 0.87% | 1.21% | 0.93% | 1.04% |
Drawdowns
UMMA vs. SPUS - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for UMMA and SPUS. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. SPUS - Volatility Comparison
The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 3.71%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 5.19%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.