WISEX vs. SPUS
Compare and contrast key facts about Azzad Wise Capital Fund (WISEX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISEX or SPUS.
Key characteristics
| WISEX | SPUS | |
|---|---|---|
| YTD Return | 4.74% | 25.93% |
| 1Y Return | 6.62% | 32.38% |
| 3Y Return (Ann) | 1.77% | 10.62% |
| Sharpe Ratio | 5.28 | 2.14 |
| Sortino Ratio | 9.29 | 2.85 |
| Omega Ratio | 2.52 | 1.40 |
| Calmar Ratio | 5.47 | 2.84 |
| Martin Ratio | 35.60 | 11.40 |
| Ulcer Index | 0.19% | 2.85% |
| Daily Std Dev | 1.27% | 15.16% |
| Max Drawdown | -5.49% | -30.80% |
| Current Drawdown | -0.31% | -1.18% |
Correlation
The correlation between WISEX and SPUS is 0.62, 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. SPUS - Performance Comparison
In the year-to-date period, WISEX achieves a 4.74% return, which is significantly lower than SPUS's 25.93% 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. SPUS - Expense Ratio Comparison
WISEX has a 0.89% expense ratio, which is higher than SPUS's 0.49% expense ratio.
Risk-Adjusted Performance
WISEX vs. SPUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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. SPUS - Dividend Comparison
WISEX's dividend yield for the trailing twelve months is around 3.37%, more than SPUS's 0.70% yield.
| 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% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.70% | 0.87% | 1.21% | 0.93% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WISEX vs. SPUS - Drawdown Comparison
The maximum WISEX drawdown since its inception was -5.49%, smaller than the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for WISEX and SPUS. For additional features, visit the drawdowns tool.
Volatility
WISEX vs. SPUS - Volatility Comparison
The current volatility for Azzad Wise Capital Fund (WISEX) is 0.39%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 4.66%. This indicates that WISEX experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.