UMMA vs ETHW

Comparison between WAHED DOW JONES ISLAMIC WORLD ETF (UMMA, ETF) and Bitwise Ethereum ETF (The) (ETHW, ETF).

UMMA vs ETHW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UMMA(ETF)	ETHW(ETF)
Net Assets	$239M	$239M
Expense Ratio	0.65%	N/A
Max Drawdown	35.35%	67.57%
Sharpe Ratio	1.60	-0.45
5Y Beta	0.95	2.13

Net Assets

UMMA

$239M

Winner

ETHW

$239M

Expense Ratio

UMMA

0.65%

ETHW

N/A

Max Drawdown

Winner

UMMA

35.35%

ETHW

67.57%

Sharpe Ratio

Winner

UMMA

1.60

ETHW

-0.45

5Y Beta

Winner

UMMA

0.95

ETHW

2.13

UMMA vs ETHW - Historical Returns

Returns include dividend reinvestment.

Period	UMMA	ETHW
1 month	+4.86%	-33.78%
3 months	+13.98%	-24.90%
6 months	+26.04%	-48.04%
1 year	+42.25%	-38.02%
5 years(CAGR)	+10.09%	N/A
Max(CAGR)	+10.09%	-34.59%

Winner

UMMA

+4.86%

ETHW

-33.78%

Winner

UMMA

+13.98%

ETHW

-24.90%

Winner

UMMA

+26.04%

ETHW

-48.04%

Winner

UMMA

+42.25%

ETHW

-38.02%

5Y(CAGR)

UMMA

+10.09%

ETHW

N/A

Max(CAGR)

Winner

UMMA

+10.09%

ETHW

-34.59%

UMMA vs ETHW - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	UMMA	ETHW
2026	+21.12%	-49.64%
2025	+26.56%	-14.16%
2024	+6.71%	-3.54%
2023	+18.29%	N/A
2022	-21.65%	N/A

UMMA vs ETHW Drawdown Comparison

The maximum drawdown for UMMA was -34.19%, occurring on Oct 14, 2022. Recovery took 587 trading sessions.

The maximum drawdown for ETHW was -67.57%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current UMMA drawdown is -7.31%. The current ETHW drawdown is -67.57%.

Rank	UMMA	ETHW
#1	-34.19% Jan 12, 2022 - May 15, 2024	-67.57% Aug 22, 2025 - Jun 5, 2026
#2	-18.72% Sep 26, 2024 - Jun 4, 2025	-64.04% Dec 6, 2024 - Aug 11, 2025
#3	-14.92% Feb 25, 2026 - May 5, 2026	-35.81% Jul 23, 2024 - Nov 25, 2024
#4	-10.15% Jul 16, 2024 - Sep 26, 2024	-12.71% Aug 13, 2025 - Aug 22, 2025
#5	-7.31% Jun 2, 2026 - Jun 5, 2026	-5.28% Nov 25, 2024 - Nov 27, 2024
#6	-5.79% Oct 20, 2025 - Dec 5, 2025	-1.79% Dec 4, 2024 - Dec 6, 2024
#7	-5.61% Jul 23, 2025 - Sep 15, 2025	-1.07% Nov 27, 2024 - Dec 4, 2024
#8	-4.46% Oct 6, 2025 - Oct 20, 2025	N/A
#9	-3.89% Jun 12, 2025 - Jun 27, 2025	N/A
#10	-3.60% Dec 10, 2025 - Dec 24, 2025	N/A
#11	-3.37% May 14, 2026 - May 21, 2026	N/A
#12	-2.94% Jan 28, 2026 - Feb 6, 2026	N/A
#13	-2.52% Jan 7, 2022 - Jan 12, 2022	N/A
#14	-2.50% Jan 16, 2026 - Jan 23, 2026	N/A
#15	-2.24% May 20, 2024 - Jun 5, 2024	N/A

Correlation

Correlation between UMMA and ETHW is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101