UMMA vs. WSHR.NEO
Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO).
UMMA and WSHR.NEO 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. WSHR.NEO is a passively managed fund by Mackenzie that tracks the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. It was launched on May 12, 2021. Both UMMA and WSHR.NEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UMMA vs. WSHR.NEO - Performance Comparison
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UMMA vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 5.89% | 26.65% | 4.67% | 18.84% | -21.62% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 0.62% | 10.39% | 3.44% | 14.43% | -14.29% |
Different Trading Currencies
UMMA is traded in USD, while WSHR.NEO is traded in CAD. To make them comparable, the WSHR.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UMMA achieves a 5.89% return, which is significantly higher than WSHR.NEO's 0.62% return.
UMMA
- 1D
- 1.88%
- 1M
- -7.52%
- YTD
- 5.89%
- 6M
- 11.47%
- 1Y
- 32.44%
- 3Y*
- 14.56%
- 5Y*
- —
- 10Y*
- —
WSHR.NEO
- 1D
- 2.31%
- 1M
- -5.99%
- YTD
- 0.62%
- 6M
- 1.37%
- 1Y
- 6.26%
- 3Y*
- 7.22%
- 5Y*
- —
- 10Y*
- —
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UMMA vs. WSHR.NEO - Expense Ratio Comparison
UMMA has a 0.65% expense ratio, which is higher than WSHR.NEO's 0.56% expense ratio.
Return for Risk
UMMA vs. WSHR.NEO — Risk / Return Rank
UMMA
WSHR.NEO
UMMA vs. WSHR.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO). 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.
| UMMA | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.42 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.12 | 0.68 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.09 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 0.68 | +1.51 |
Martin ratioReturn relative to average drawdown | 8.69 | 2.42 | +6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UMMA | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.42 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.32 | +0.01 |
Correlation
The correlation between UMMA and WSHR.NEO is 0.68, 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.
Dividends
UMMA vs. WSHR.NEO - Dividend Comparison
UMMA's dividend yield for the trailing twelve months is around 1.16%, less than WSHR.NEO's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UMMA Wahed Dow Jones Islamic World ETF | 1.16% | 1.02% | 0.91% | 1.09% | 1.77% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.37% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% |
Drawdowns
UMMA vs. WSHR.NEO - Drawdown Comparison
The maximum UMMA drawdown since its inception was -34.17%, which is greater than WSHR.NEO's maximum drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for UMMA and WSHR.NEO.
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Drawdown Indicators
| UMMA | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -20.86% | -13.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.93% | -9.72% | -5.21% |
Current DrawdownCurrent decline from peak | -9.99% | -4.82% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -4.87% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 2.96% | +0.81% |
Volatility
UMMA vs. WSHR.NEO - Volatility Comparison
Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 9.33% compared to Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) at 5.08%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than WSHR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMMA | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.33% | 5.08% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 9.53% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 15.05% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.24% | 13.47% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.24% | 13.47% | +6.77% |