Correlation
The correlation between UMMA and SPWO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
UMMA vs. SPWO
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SP Funds S&P World ETF (SPWO).
UMMA and SPWO 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. SPWO is a passively managed fund by SP Funds that tracks the performance of the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. It was launched on Dec 19, 2023. Both UMMA and SPWO 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 SPWO.
Performance
UMMA vs. SPWO - Performance Comparison
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Key characteristics
UMMA:
0.30
SPWO:
0.35
UMMA:
0.46
SPWO:
0.52
UMMA:
1.06
SPWO:
1.06
UMMA:
0.25
SPWO:
0.29
UMMA:
0.82
SPWO:
1.07
UMMA:
5.67%
SPWO:
4.95%
UMMA:
20.89%
SPWO:
20.33%
UMMA:
-34.17%
SPWO:
-18.02%
UMMA:
-1.78%
SPWO:
-1.63%
Returns By Period
In the year-to-date period, UMMA achieves a 8.26% return, which is significantly higher than SPWO's 6.54% return.
UMMA
8.26%
5.89%
4.90%
6.22%
8.46%
N/A
N/A
SPWO
6.54%
5.09%
4.63%
7.04%
N/A
N/A
N/A
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UMMA vs. SPWO - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than SPWO's 0.55% expense ratio.
Risk-Adjusted Performance
UMMA vs. SPWO — Risk-Adjusted Performance Rank
UMMA
SPWO
UMMA vs. SPWO - 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 World ETF (SPWO). 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. SPWO - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 0.84%, less than SPWO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 0.84% | 0.91% | 1.09% | 1.77% |
SPWO SP Funds S&P World ETF | 1.34% | 1.26% | 0.00% | 0.00% |
Drawdowns
UMMA vs. SPWO - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than SPWO's maximum drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for UMMA and SPWO.
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Volatility
UMMA vs. SPWO - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 4.32% compared to SP Funds S&P World ETF (SPWO) at 3.61%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than SPWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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