WSHR.NEO vs. NVTS
WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) is Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index, while NVTS (Navitas Semiconductor Corporation) is a stock. Over the past 5 years, WSHR.NEO returned 6.68%/yr vs 15.65%/yr for NVTS. At a 0.30 correlation, their price movements are largely independent.
Performance
WSHR.NEO vs. NVTS - Performance Comparison
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Different Trading Currencies
WSHR.NEO is traded in CAD, while NVTS is traded in USD. To make them comparable, the NVTS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSHR.NEO achieves a 8.42% return, which is significantly lower than NVTS's 160.41% return.
WSHR.NEO
- 1D
- 0.38%
- 1M
- 3.23%
- YTD
- 8.42%
- 6M
- 7.85%
- 1Y
- 10.94%
- 3Y*
- 10.25%
- 5Y*
- 6.68%
- 10Y*
- —
NVTS
- 1D
- 1.15%
- 1M
- -30.55%
- YTD
- 160.41%
- 6M
- 156.95%
- 1Y
- 184.14%
- 3Y*
- 22.17%
- 5Y*
- 15.65%
- 10Y*
- —
WSHR.NEO vs. NVTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 8.42% | 5.34% | 12.31% | 11.88% | -11.31% | 15.91% |
NVTS Navitas Semiconductor Corporation | 160.41% | 90.87% | -52.02% | 124.44% | -78.06% | 81.43% |
Correlation
The correlation between WSHR.NEO and NVTS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.30 |
The correlation between WSHR.NEO and NVTS shifts across timeframes, from 0.14 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WSHR.NEO vs. NVTS — Risk / Return Rank
WSHR.NEO
NVTS
WSHR.NEO vs. NVTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and Navitas Semiconductor Corporation (NVTS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WSHR.NEO | NVTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.13 | -1.90 |
| Martin ratioReturn relative to average drawdown | 4.11 | 5.11 | -1.01 |
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Drawdowns
WSHR.NEO vs. NVTS - Drawdown Comparison
The maximum WSHR.NEO drawdown since its inception was -21.74%, smaller than the maximum NVTS drawdown of -90.98%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and NVTS.
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Drawdown Indicators
| WSHR.NEO | NVTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -90.98% | +69.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -59.20% | +50.24% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -84.03% | +72.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -90.98% | +69.24% |
Current DrawdownCurrent decline from peak | 0.00% | -41.98% | +41.98% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -56.21% | +51.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 36.16% | -33.48% |
Volatility
WSHR.NEO vs. NVTS - Volatility Comparison
The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 2.15%, while Navitas Semiconductor Corporation (NVTS) has a volatility of 39.03%. This indicates that WSHR.NEO experiences smaller price fluctuations and is considered to be less risky than NVTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSHR.NEO | NVTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 39.03% | -36.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 95.12% | -87.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 125.94% | -114.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 122.01% | -110.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 117.18% | -106.12% |
Dividends
WSHR.NEO vs. NVTS - Dividend Comparison
WSHR.NEO's dividend yield for the trailing twelve months is around 1.39%, while NVTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NVTS Navitas Semiconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.39% | 1.34% | 1.31% | 1.34% | 1.45% | 0.44% |
Frequently Asked Questions
WSHR.NEO and NVTS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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