WISEX vs. ADJEX
Compare and contrast key facts about Azzad Wise Capital Fund (WISEX) and Azzad Ethical Fund (ADJEX).
WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010. ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISEX or ADJEX.
Key characteristics
| WISEX | ADJEX | |
|---|---|---|
| YTD Return | 4.74% | 5.84% |
| 1Y Return | 6.62% | 15.59% |
| 3Y Return (Ann) | 1.77% | -7.56% |
| 5Y Return (Ann) | 2.21% | 2.68% |
| 10Y Return (Ann) | 1.92% | 3.16% |
| Sharpe Ratio | 5.28 | 0.93 |
| Sortino Ratio | 9.29 | 1.37 |
| Omega Ratio | 2.52 | 1.17 |
| Calmar Ratio | 5.47 | 0.50 |
| Martin Ratio | 35.60 | 3.62 |
| Ulcer Index | 0.19% | 4.48% |
| Daily Std Dev | 1.27% | 17.41% |
| Max Drawdown | -5.49% | -57.92% |
| Current Drawdown | -0.31% | -21.84% |
Correlation
The correlation between WISEX and ADJEX is 0.56, 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.
Performance
WISEX vs. ADJEX - Performance Comparison
In the year-to-date period, WISEX achieves a 4.74% return, which is significantly lower than ADJEX's 5.84% return. Over the past 10 years, WISEX has underperformed ADJEX with an annualized return of 1.92%, while ADJEX has yielded a comparatively higher 3.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WISEX vs. ADJEX - Expense Ratio Comparison
WISEX has a 0.89% expense ratio, which is lower than ADJEX's 0.99% expense ratio.
Risk-Adjusted Performance
WISEX vs. ADJEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) and Azzad Ethical Fund (ADJEX). 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
WISEX vs. ADJEX - Dividend Comparison
WISEX's dividend yield for the trailing twelve months is around 3.37%, while ADJEX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WISEX Azzad Wise Capital Fund | 3.37% | 2.63% | 1.50% | 1.19% | 1.16% | 1.84% | 1.23% | 1.12% | 0.98% | 0.67% | 0.77% | 2.49% |
ADJEX Azzad Ethical Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 9.18% | 11.64% |
Drawdowns
WISEX vs. ADJEX - Drawdown Comparison
The maximum WISEX drawdown since its inception was -5.49%, smaller than the maximum ADJEX drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for WISEX and ADJEX. For additional features, visit the drawdowns tool.
Volatility
WISEX vs. ADJEX - Volatility Comparison
The current volatility for Azzad Wise Capital Fund (WISEX) is 0.39%, while Azzad Ethical Fund (ADJEX) has a volatility of 4.75%. This indicates that WISEX experiences smaller price fluctuations and is considered to be less risky than ADJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.