UMMA
Wahed Dow Jones Islamic World ETF
UMMA is an actively managed fund of global ex-US securities that are determined to be Shariah-compliant based on business activities and accounting criteria. Holdings are also screened to assess ESG risks.
International
EQUITY
Active
MANAGEMENT STYLE
$ 206.7 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Jan 07, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 10.1 % |
| SAMSUNG ELECTRONICS CO LTD | 6.5 % |
| ASML HOLDING NV | 5.5 % |
| HYNIX SEMICONDUCTOR INC | 4.4 % |
| ASTRAZENECA PLC | 3.3 % |
| NOVARTIS AG | 3.1 % |
| ROCHE HOLDING AG | 2.9 % |
| NESTLE SA-REG | 2.7 % |
| INFINEON TECHNOLOGIES AG | 2.4 % |
| BHP BILLITON LTD | 2.0 % |
Constituent Breakdown
| Number of holdings | 92 |
| Herfindahl-Hirschman Index | 432 |
| Wgt avg mkt cap (mns) | $404,666 |
| Large cap (>$10bn) | 98.1% |
| Mid cap ($2-10bn) | 0.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 70.0% |
| Emerging mkts. | 28.4% |
Sector Breakdown
Country Exposure
 |
JAPAN | 15.2 % |
 |
SOUTH KOREA | 10.9 % |
 |
SWITZERLAND | 10.6 % |
 |
TAIWAN | 10.1 % |
 |
BRITAIN | 8.9 % |
 |
CANADA | 7.9 % |
 |
FRANCE | 7.0 % |
 |
GERMANY | 5.9 % |
 |
NETHERLANDS | 5.7 % |
 |
AUSTRALIA | 4.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.1% | 40.0% | 21.8% | 19.9% | -- | -- | -- | 8.0% |
| Dividend Yield | 0.0% | 1.6% | 1.2% | 1.3% | -- | -- | -- | 1.3% |
| Total Returns | 17.1% | 41.6% | 23.0% | 21.1% | -- | -- | -- | 9.3% | Ann. Volatility | 18.5% | 19.3% | 18.3% | 17.4% | -- | -- | -- | 19.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 65% |
| MSCI EAFE | 1.03 | 76% |
| MSCI Emg Mkts | 0.93 | 76% |
Liquidity Measures
| Avg. volume (000) | 57 |
| ADV traded (mns) | $2 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.37% |
Technical Indicators
| 30d moving avg. (EMA) | $31.56 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -0.64/-0.45 |
| Bollinger Bands (Upper/Lower) | $33.37/$29.50 |
| Short interest (% of AUM) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UMMA |
Expenses vs. UMMA |
ALTAR Score™ vs. UMMA |
|---|---|---|---|---|
| EFG | iShares MSCI EAFE Growth ETF | 42.0% | -29 bp | -0.4% |
| PATN | Pacer Nasdaq International Patent Leaders ETF | 39.7% | 0 bp | +0.7% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 38.9% | -36 bp | +1.8% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 37.5% | -35 bp | +1.4% |
| IVSI | Applied Finance IVS International LrgETF | 36.6% | 0 bp | +1.9% |
| OEFA | ALPS O’Shares International Developed Quality Dividend ETF | 36.0% | -17 bp | +0.2% |
| STXI | Strive International Developed Markets ETF | 35.4% | -36 bp | +1.8% |
| SPWO | SP Funds S&P World (ex-US) ETF | 34.2% | -10 bp | +0.6% |
| PIEL | Pacer International Export Leaders ETF | 33.5% | -5 bp | +0.4% |
| IQSI | IQ Candriam International Equity ETF | 30.8% | -50 bp | +1.4% |
Risk and Returns: UMMA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.9%
ALTAR SCORE™
17th
PERCENTILE
AVOID
ETFRC RATING
There are 344 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.6%. UMMA's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places UMMA in the 17th percentile
among funds in the category.
Sell-Side Consensus
$36.89
PRICE TARGET
+19.6%
UPSIDE