WISEX vs. VMFXX
Compare and contrast key facts about Azzad Wise Capital Fund (WISEX) and Vanguard Federal Money Market Fund (VMFXX).
WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISEX or VMFXX.
Key characteristics
| WISEX | VMFXX | |
|---|---|---|
| YTD Return | 4.74% | 4.46% |
| 1Y Return | 6.62% | 5.39% |
| 3Y Return (Ann) | 1.77% | 3.68% |
| 5Y Return (Ann) | 2.21% | 2.35% |
| 10Y Return (Ann) | 1.92% | 1.57% |
| Sharpe Ratio | 5.28 | 3.63 |
| Ulcer Index | 0.19% | 0.00% |
| Daily Std Dev | 1.27% | 1.48% |
| Max Drawdown | -5.49% | 0.00% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between WISEX and VMFXX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
WISEX vs. VMFXX - Performance Comparison
In the year-to-date period, WISEX achieves a 4.74% return, which is significantly higher than VMFXX's 4.46% return. Over the past 10 years, WISEX has outperformed VMFXX with an annualized return of 1.92%, while VMFXX has yielded a comparatively lower 1.57% 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. VMFXX - Expense Ratio Comparison
WISEX has a 0.89% expense ratio, which is higher than VMFXX's 0.00% expense ratio.
Risk-Adjusted Performance
WISEX vs. VMFXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) and Vanguard Federal Money Market Fund (VMFXX). 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. VMFXX - Dividend Comparison
WISEX's dividend yield for the trailing twelve months is around 3.37%, less than VMFXX's 5.24% 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% |
VMFXX Vanguard Federal Money Market Fund | 5.24% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% | 0.01% |
Drawdowns
WISEX vs. VMFXX - Drawdown Comparison
The maximum WISEX drawdown since its inception was -5.49%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for WISEX and VMFXX. For additional features, visit the drawdowns tool.
Volatility
WISEX vs. VMFXX - Volatility Comparison
Azzad Wise Capital Fund (WISEX) and Vanguard Federal Money Market Fund (VMFXX) have volatilities of 0.39% and 0.41%, 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.