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ETFs

Listed Funds Trust Wahed Dow Jones Islamic World ETF

UMMA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 07 2022
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
Wahed Invest
Volume (1m avg. daily)
$154,535
AUM
$44,287,790
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Samsung Electronics
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SHOP
SHOPIFY INC - CLASS A
3.75%
NOVOB
NOVO NORDISK A/S-B
3.56%
NOVN
Novartis AG - Registered Shares
3.30%
ROG
Roche Holding AG
3.17%
700
Tencent Holdings Ltd.
2.94%
NESN
Nestle SA
2.68%
Invest with UMMA

What is UMMA?

The Fund is an actively managed exchange traded fund ETF that seeks to achieve its investment objective by investing in equity securities including common stock and American Depositary Receipts ADRs of global companies excluding US domiciled companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject matter experts each a Shariah Compliant Company.

ETFs related toUMMA

ETFs correlated to UMMA include VSGX, ACWX, CWI

UMMA
Listed Funds Trust - Wahed Dow Jones Islamic World ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
EFG
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Growth ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund
IQLT
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Quality Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUMMA

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

Create your own algorithmic trading strategy with UMMA using Composer

FAQ

UMMA is a Global Ex. US Equities ETF. The Fund is an actively managed exchange traded fund ETF that seeks to achieve its investment objective by investing in equity securities including common stock and American Depositary Receipts ADRs of global companies excluding US domiciled companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject matter experts each a Shariah Compliant Company.

Yes, UMMA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, UMMA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UMMA is 0.0149%. This is the percent change in the value of UMMA over the most recent 1-month period. The 3-month return on UMMA is 0.0946%. This is the percent change in the value of UMMA over the most recent 3-month period.

The standard deviation of UMMA for the past year is 0.2224%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UMMA include ICLN, TAN, and ACWV.

ETFs correlated to UMMA include VSGX, ACWX, and CWI.

ETFs that are inversely correlated to UMMA include EFZ, EPV, and EDZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.