Wahed Dow Jones Islamic World ETF (UMMA) Performance
UMMA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +19.5% since Dec 31, 2025
- 1 year
- +24.0% total return
- 3 years
- +22.7% a year
- Since first price
- +8.5% a year since 2022
UMMA trailing returns vs SPY, QQQ, AGG
| Period | UMMA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.1% | −5.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.8% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +19.5% | +18.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.0% | +22.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.8%+22.7%/yr | +79.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 7, 2022 | +47.6%+8.5%/yr | +39.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: UMMA vs SPY
From Jan 7, 2022: UMMA grew to $14,757, SPY to $17,372.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UMMA returns by calendar year
3 of 3 full years positive. Best 2025 (+26.6%), worst 2024 (+4.7%). 2026 is year to date.
UMMA annual returns table
| Year | UMMA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +19.5% | −14.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.6% | −17.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.7% | −10.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.8% | −15.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
UMMA largest drawdowns
Now 12.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 12, 2022 | −34.2% | Oct 14, 2022 | May 15, 2024 | 9 months | 2.3 years |
| Sep 26, 2024 | −18.7% | Apr 8, 2025 | Jun 4, 2025 | 6 months | 8 months |
| Feb 25, 2026 | −14.9% | Mar 30, 2026 | May 5, 2026 | 33 days | 2 months |
| Jun 22, 2026 | −13.8% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Jul 16, 2024 | −10.1% | Aug 5, 2024 | Sep 26, 2024 | 20 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UMMA risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +23.5% | +11.0% |
| Volatility (annualized) | 18.0% | 20.6% |
| Sharpe ratio | 1.03 | 0.42 |
| Sortino ratio | 1.84 | 0.69 |
| Best month | +12.2% | +16.8% |
| Worst month | −11.2% | −11.2% |
| Best 12 months | +52.0% | +52.0% |
| Worst 12 months | +0.0% | −9.5% |
| Positive months | 64% | 55% |
| Beta vs S&P 500 | 1.06 | — |
| Correlation with S&P 500 | 0.73 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
UMMA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 46 | −9.5% | +14.5% | +52.0% | 93% |
| 3-year (a year) | 22 | +2.6% | +15.8% | +23.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
UMMA performance overview
Wahed Dow Jones Islamic World ETF (UMMA) returned +24.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +8.5% a year, turning $10,000 into about $14,757. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.2%, from Jan 12, 2022 to Oct 14, 2022, and it took 1.6 years to get back to the old high. UMMA finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+26.6%) and the worst 2024 (+4.7%). Volatility has been 20.6% a year.
Related: UMMA chart, UMMA holdings, UMMA dividends. See the UMMA overview for the latest quote and fund facts.
UMMA performance FAQ
What is the UMMA return over the past year?
UMMA returned +24.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.9%.
How much would $10,000 invested in UMMA be worth?
$10,000 invested in UMMA at its first recorded close on January 7, 2022 would be worth about $14,757 on October 23, 2026 with distributions reinvested.
What was the worst year for UMMA?
The worst calendar year was 2024, with a total return of +4.7%. The best was 2025 at +26.6%.
What is the biggest drawdown of UMMA?
The largest peak-to-trough decline was −34.2% between January 12, 2022 and October 14, 2022. It recovered to the old high on May 15, 2024, 1.6 years after the bottom.
How volatile is UMMA?
Over the past 3 years UMMA had an annualized volatility of 18.0% and a Sharpe ratio of 1.03 (excess return over 1–3 month T-bills per unit of risk).