IVV vs UMMA
iShares Core S&P 500 ETF vs Wahed Dow Jones Islamic World ETF
Quick Verdict
IVV has a lower expense ratio. UMMA delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | UMMA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $865.2B | $280M | |
| Dividend Yield | 1.09% | 0.92% | |
| Holdings | 508 | 102 | |
| YTD Return | +14.50% | +25.76% | |
| 1Y Return | +22.02% | +44.57% | |
| 3Y Return (annualized) | +21.80% | +22.10% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 20.8% | |
| Max Drawdown | -56.5% | -34.2% | |
| Fund Family | iShares by BlackRock (US) | Wahed Invest | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 6, 2022 |
IVV vs UMMA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Wahed Dow Jones Islamic World ETF (UMMA) is a ETF from Wahed Invest. Over the past year IVV returned +22.02% while UMMA returned +44.57%. Year to date, IVV is up 14.50% versus a gain of 25.76% for UMMA.
Over three years, IVV compounded at +21.80% per year against +22.10% for UMMA. Across the full 5-year window we track, UMMA has the edge at +10.57% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UMMA has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -34.2% for UMMA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UMMA charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.92% for UMMA.
Holdings Overlap
IVV and UMMA share 0 holdings out of 597 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or UMMA?
IVV has an expense ratio of 0.03% while UMMA charges 0.65%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, IVV or UMMA?
Over the past year IVV returned +22.02% vs +44.57% for UMMA, so UMMA leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.07% vs +10.57% for UMMA. Past performance does not guarantee future results.
Which is riskier, IVV or UMMA?
UMMA has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UMMA -34.2%.
Should I hold both IVV and UMMA?
IVV and UMMA have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UMMA?
IVV and UMMA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 597 unique securities.
Which pays a higher dividend, IVV or UMMA?
IVV yields 1.09% while UMMA yields 0.92%, so IVV currently pays the higher dividend yield.
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