PortfoliosLab logo
UMMA vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.8

Performance

UMMA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed Dow Jones Islamic World ETF (UMMA) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
3.11%
26.71%
UMMA
SPY

Key characteristics

Sharpe Ratio

UMMA:

0.40

SPY:

0.70

Sortino Ratio

UMMA:

0.71

SPY:

1.11

Omega Ratio

UMMA:

1.09

SPY:

1.17

Calmar Ratio

UMMA:

0.45

SPY:

0.75

Martin Ratio

UMMA:

1.50

SPY:

2.96

Ulcer Index

UMMA:

5.62%

SPY:

4.74%

Daily Std Dev

UMMA:

20.87%

SPY:

20.05%

Max Drawdown

UMMA:

-34.17%

SPY:

-55.19%

Current Drawdown

UMMA:

-4.05%

SPY:

-7.79%

Returns By Period

In the year-to-date period, UMMA achieves a 5.75% return, which is significantly higher than SPY's -3.56% return.


UMMA

YTD

5.75%

1M

13.73%

6M

1.64%

1Y

5.46%

5Y*

N/A

10Y*

N/A

SPY

YTD

-3.56%

1M

11.52%

6M

-0.47%

1Y

11.62%

5Y*

16.42%

10Y*

12.25%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


UMMA vs. SPY - Expense Ratio Comparison

UMMA has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for UMMA: current value is 0.65%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UMMA: 0.65%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

UMMA vs. SPY — Risk-Adjusted Performance Rank

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

UMMA
The Risk-Adjusted Performance Rank of UMMA is 4343
Overall Rank
The Sharpe Ratio Rank of UMMA is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of UMMA is 4242
Sortino Ratio Rank
The Omega Ratio Rank of UMMA is 3939
Omega Ratio Rank
The Calmar Ratio Rank of UMMA is 5050
Calmar Ratio Rank
The Martin Ratio Rank of UMMA is 4545
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6666
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6767
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for UMMA, currently valued at 0.40, compared to the broader market-1.000.001.002.003.004.00
UMMA: 0.40
SPY: 0.70
The chart of Sortino ratio for UMMA, currently valued at 0.71, compared to the broader market-2.000.002.004.006.008.00
UMMA: 0.71
SPY: 1.11
The chart of Omega ratio for UMMA, currently valued at 1.09, compared to the broader market0.501.001.502.002.50
UMMA: 1.09
SPY: 1.17
The chart of Calmar ratio for UMMA, currently valued at 0.45, compared to the broader market0.002.004.006.008.0010.0012.00
UMMA: 0.45
SPY: 0.75
The chart of Martin ratio for UMMA, currently valued at 1.50, compared to the broader market0.0020.0040.0060.00
UMMA: 1.50
SPY: 2.96

The current UMMA Sharpe Ratio is 0.40, which is lower than the SPY Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of UMMA and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.40
0.70
UMMA
SPY

Dividends

UMMA vs. SPY - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 0.86%, less than SPY's 1.27% yield.


TTM20242023202220212020201920182017201620152014
UMMA
Wahed Dow Jones Islamic World ETF
0.86%0.91%1.09%1.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.27%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-4.05%
-7.79%
UMMA
SPY

Volatility

UMMA vs. SPY - Volatility Comparison

The current volatility for Wahed Dow Jones Islamic World ETF (UMMA) is 12.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.12%. This indicates that UMMA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
12.25%
14.12%
UMMA
SPY