UMMA vs. SPY
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and SPDR S&P 500 ETF (SPY).
UMMA and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UMMA and SPY 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 SPY.
Performance
UMMA vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, UMMA achieves a 6.34% return, which is significantly lower than SPY's 26.08% return.
UMMA
6.34%
-4.19%
-1.66%
12.22%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| UMMA | SPY | |
|---|---|---|
| Sharpe Ratio | 0.76 | 2.70 |
| Sortino Ratio | 1.17 | 3.60 |
| Omega Ratio | 1.14 | 1.50 |
| Calmar Ratio | 0.91 | 3.90 |
| Martin Ratio | 3.88 | 17.52 |
| Ulcer Index | 3.25% | 1.87% |
| Daily Std Dev | 16.58% | 12.14% |
| Max Drawdown | -34.17% | -55.19% |
| Current Drawdown | -7.83% | -0.85% |
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UMMA vs. SPY - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between UMMA and SPY is 0.78, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.09%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.09% | 1.09% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UMMA vs. SPY - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UMMA and SPY. For additional features, visit the drawdowns tool.
Volatility
UMMA vs. SPY - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) and SPDR S&P 500 ETF (SPY) have volatilities of 3.87% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.