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WISEX vs. VMFXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WISEX vs. VMFXX

Last updated Jun 4, 2026

WISEX (Azzad Wise Capital Fund) and VMFXX (Vanguard Federal Money Market Fund) are both mutual funds - WISEX is a Short-Term Bond fund managed by Azzad Fund, while VMFXX is a Money Market fund managed by Vanguard. Over the past 5 years, WISEX returned 2.30%/yr vs 2.39%/yr for VMFXX. At a 0.06 correlation, their price movements are largely independent. WISEX charges 0.89%/yr vs 0.11%/yr for VMFXX.

Performance

WISEX vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Azzad Wise Capital Fund (WISEX) and Vanguard Federal Money Market Fund (VMFXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WISEX achieves a 0.51% return, which is significantly lower than VMFXX's 1.50% return.

WISEX

1D
0.00%
1M
0.32%
YTD
0.51%
6M
0.74%
1Y
3.65%
3Y*
4.24%
5Y*
2.30%
10Y*
2.40%

VMFXX

1D
0.00%
1M
0.30%
YTD
1.50%
6M
1.82%
1Y
3.95%
3Y*
3.35%
5Y*
2.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WISEX vs. VMFXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WISEX
Azzad Wise Capital Fund		0.51%5.29%4.53%3.90%-3.37%0.95%
VMFXX
Vanguard Federal Money Market Fund		1.50%4.24%1.64%4.64%0.00%0.00%

Correlation

The correlation between WISEX and VMFXX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (All Time)
Calculated using the full available price history since May 26, 2021

0.06

Compare stocks, funds, or ETFs

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

Azzad Wise Capital Fund

Vanguard Federal Money Market Fund

Often compared with WISEX:
WISEX vs. SPSKWISEX vs. AMAPXWISEX vs. AMANXWISEX vs. ADJEXWISEX vs. AMAGXWISEX vs. HLALWISEX vs. SPUS
Often compared with VMFXX:
VMFXX vs. VUSXXVMFXX vs. SPAXXVMFXX vs. SWVXXVMFXX vs. SGOVVMFXX vs. VMRXXVMFXX vs. BNDVMFXX vs. SNSXX

Return for Risk

WISEX vs. VMFXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WISEX
WISEX Risk / Return Rank: 6565
Overall Rank
WISEX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
WISEX Sortino Ratio Rank: 9292
Sortino Ratio Rank
WISEX Omega Ratio Rank: 9494
Omega Ratio Rank
WISEX Calmar Ratio Rank: 2626
Calmar Ratio Rank
WISEX Martin Ratio Rank: 2727
Martin Ratio Rank
VMFXX
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WISEX vs. VMFXX - Risk-Adjusted Trends 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.

WISEXVMFXXDifference
Sharpe ratioReturn per unit of total volatility
2.85
3.67

-0.82

Sortino ratioReturn per unit of downside risk
4.53

—

—

Omega ratioGain probability vs. loss probability

1.74

—

—

Calmar ratioReturn relative to maximum drawdown

1.91

—

—

Martin ratioReturn relative to average drawdown

6.46

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WISEX vs. VMFXX - Sharpe Ratio Comparison

The current WISEX Sharpe Ratio is 2.85, which is comparable to the VMFXX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of WISEX and VMFXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WISEXVMFXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

3.67

-0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.51

2.60

-1.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.47

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.35

2.60

-1.25

Drawdowns

WISEX vs. VMFXX - Drawdown Comparison

The maximum WISEX drawdown since its inception was -5.28%, 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.

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Drawdown Indicators

WISEXVMFXXDifference

Max Drawdown

Largest peak-to-trough decline

-5.28%

0.00%

-5.28%

Max Drawdown (1Y)

Largest decline over 1 year

-1.92%

0.00%

-1.92%

Max Drawdown (3Y)

Largest decline over 3 years

-1.92%

0.00%

-1.92%

Max Drawdown (5Y)

Largest decline over 5 years

-5.28%

0.00%

-5.28%

Max Drawdown (10Y)

Largest decline over 10 years

-5.28%

—

—

Current Drawdown

Current decline from peak

-0.67%

0.00%

-0.67%

Average Drawdown

Average peak-to-trough decline

-0.66%

0.00%

-0.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

0.00%

+0.57%

Volatility

WISEX vs. VMFXX - Volatility Comparison

Azzad Wise Capital Fund (WISEX) has a higher volatility of 0.44% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.30%. This indicates that WISEX's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WISEXVMFXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.44%

0.30%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

1.08%

0.79%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

1.29%

1.12%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.53%

0.94%

+0.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.64%

0.94%

+0.70%

WISEX vs. VMFXX - Expense Ratio Comparison

WISEX has a 0.89% expense ratio, which is higher than VMFXX's 0.11% expense ratio.

Dividends

WISEX vs. VMFXX - Dividend Comparison

WISEX's dividend yield for the trailing twelve months is around 3.62%, less than VMFXX's 3.87% yield.

PositionTTM20252024202320222021202020192018201720162015
VMFXX
Vanguard Federal Money Market Fund		3.87%4.14%1.63%4.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
WISEX
Azzad Wise Capital Fund		3.62%3.56%3.59%2.20%1.54%1.42%1.31%1.84%1.66%1.11%0.99%0.47%

Frequently Asked Questions

WISEX and VMFXX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WISEX has higher volatility (0.44%) compared to VMFXX (0.30%). In terms of maximum drawdown, WISEX dropped -5.28% vs VMFXX's 0.00%.

VMFXX currently has the higher Sharpe Ratio (3.67 vs 2.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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