ESGD vs UMMA: Grades, Fees and Holdings Compared

iShares ESG Aware MSCI EAFE ETF

ESGDANasdaq

Wahed Dow Jones Islamic World ETF

UMMAFNasdaq

Overlap

28.3%by weight

Expense ratio

ESGD −0.45pt a year

ESGD0.20%UMMA0.65%

Avg volume · 30D

ESGD 6.0×the volume

ESGD309KUMMA51.6K

3Y return · a year

UMMA +4.3pt

ESGD+19.1%UMMA+23.4%

ESGD vs UMMA Performance

Oct 31, 2025 – Oct 30, 2026

+13.0%ESGD+24.1%UMMA

Expense ratio: ESGD 0.20%, better; UMMA 0.65%
Fund size: ESGD $11.8B; UMMA $310M
1Y total return: ESGD +13.0%; UMMA +24.1%, better
Yield (12M): ESGD 3.33%, better; UMMA 0.79%
Holdings: ESGD 349; UMMA 94
Avg volume (30D): ESGD 309K sh, better; UMMA 51.6K sh
NAV per share: ESGD $102.56; UMMA $36.24
52W range

ETF.net Grade

Pillar letters and Scores for ESGD, UMMA, with each pillar’s weight
Pillar	ESGD	UMMA
Cost30% weight	B68Higher	F6
Mission25% weight	A100Higher	F7
Risk15% weight	B55Higher	F13
Tradability15% weight	A91Higher	D35
Holdings10% weight	A77Higher	F20
Durability5% weight	A95Higher	C40

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. ESGD and UMMA are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

ESGD ranks 2nd and UMMA 18th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 3ADMXFiShares ESG Advanced MSCI EAFE ETFScore 76
Rank 17DOAIMOneAscent International Equity ETFScore 29
Rank 18FUMMAWahed Dow Jones Islamic World ETFScore 14

Our read on each fund

ETF.net Research

ESGDAiShares ESG Aware MSCI EAFE ETF

UMMAFWahed Dow Jones Islamic World ETF

In short

ESGD The plain-vanilla international index fund, ESG-screened. Roughly 400 developed-market stocks from outside the US and Canada, tracking an MSCI EAFE ESG Focus index since 2016, for 0.20% a year.

UMMA Faith-based investing with a passport. UMMA screens international stocks against Dow Jones Islamic Market rules, so Shariah compliance and non-US equity exposure arrive in a single ticker.

Stated mandate

ESGD The fund seeks to track an index of international developed-market stocks outside the United States and Canada that have positive aggregate environmental, social, and governance characteristics.

UMMA The Fund seeks long-term capital appreciation.

Why people hold it

ESGD Costs 0.20% a year, below the typical fee in its international ESG peer group.
Roughly 400 stocks spanning developed markets outside the US and Canada: broad-market coverage, not a narrow thematic bet.ishares.com
Tracks the MSCI EAFE Extended ESG Focus Index, keeping the familiar developed-markets shape while tilting toward companies with better aggregate ESG characteristics.ishares.com
A multi-billion-dollar fund trading since 2016, and one of the sturdier builds in its peer group.

UMMA The Shariah screen is the product, not a bolt-on: the portfolio is anchored to the Dow Jones Islamic Market International Titans 100 Index.
At 0.65%, it undercuts the median fee among global active equity funds, and it sits in the upper half of that peer group on our review.
Wide net for one holding: roughly 110 stocks across developed, emerging and frontier markets outside the US, with cash paid out quarterly.

Worth knowing

ESGD Cheaper tickets exist on the same shelf: VSGX at 0.10%, iShares' own DMXF at 0.12%. The fee here buys scale, not the lowest sticker.
The ESG screen leaves holdings different from a plain EAFE fund, so results can drift from the unscreened index in either direction.
Moderately traded rather than one of the busiest tapes in the category, and distributions land once or twice a year rather than monthly.

UMMA Thinly traded. Spreads and limit orders matter more here than with the heavyweights of the global-equity aisle.
Unscreened global funds go cheaper: GSWO runs 0.15% and DFAW 0.24%. The faith screen and active management are what the extra fee buys.
Roughly 110 names, so single stocks and sectors swing the fund more than they would in a thousand-stock world index.

Full ESGD profile⁠

Full UMMA profile⁠

ESGD vs UMMA Holdings

How ESGD and UMMA differ

Overlap by weight

28.3%

Shared holdings make up 56.7% of UMMA and 28.7% of ESGD.

Level by level

Holdings57 in both28.3%
Sector11 Sectors57.2%
Countryby domicile62.5%
Asset classEquity100%

Sector

Sector weights in ESGD and UMMA, widest gap first
Sector	More in ESGDMore in UMMA	ESGD	UMMA
Technology	UMMA +32.8 points	11.0%	43.8%
Financials	ESGD +26.4 points	26.4%	0.0%
Health Care	UMMA +5.9 points	10.6%	16.5%
Industrials	ESGD +5.8 points	18.6%	12.8%
Materials	UMMA +4.1 points	5.6%	9.7%
Utilities	ESGD +3.8 points	3.8%	0.0%
Communication	ESGD +1.8 points	3.6%	1.8%
Energy	ESGD +1.4 points	4.3%	2.9%
Real Estate	ESGD +1.3 points	1.7%	0.4%
Consumer Staples	ESGD +1.3 points	6.7%	5.4%
Consumer Discretionary	ESGD +1.0 points	7.8%	6.8%

Country, concentration and asset class

Country by domicile

Country weights in ESGD and UMMA, widest gap first
Country	More in ESGDMore in UMMA	ESGD	UMMA
Canada	UMMA +13.4 points	0.0%	13.4%
South Korea	UMMA +12.9 points	0.0%	12.9%
Japan	ESGD +7.6 points	24.7%	17.1%
United Kingdom	ESGD +6.4 points	14.4%	8.0%
Taiwan	UMMA +5.9 points	0.0%	5.9%
Spain	ESGD +3.6 points	4.3%	0.7%
Australia	ESGD +2.9 points	6.9%	4.0%
France	ESGD +3.0 points	8.8%	5.8%
Other countries (16)	ESGD +8.7 points	40.9%	32.2%

Outside the US: ESGD 100% developed, 0% emerging. UMMA 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

ESGD14.4%
UMMA40.5%

Securities held

ESGD332
UMMA93

Asset class

ESGD: Equity
UMMA: Equity

Holdings

Only in ESGD275
In both57
Only in UMMA36

Only in ESGD

275 securities, 70.7% of ESGD by weight

Hsbc Holdings PLC1.36%
Shell1.21%
Commonwealth Bank of Australia1.07%
Allianz1.05%
Toyota Motor1.04%
Totalenergies0.95%
Intesa Sanpaolo0.92%
Sony Group0.86%
Mitsubishi Ufj Financial Group0.86%
Sumitomo Mitsui Financial Group0.85%
Iberdrola0.84%
Itochu0.78%
Zurich Insurance Group AG0.71%
National Grid PLC0.70%
Dbs Group Holdings Ltd0.69%
Bnp Paribas SA0.68%
Ubs Group AG0.63%
Ing Groep0.63%
Axa SA0.62%
Mizuho Financial Group0.61%
Rolls-Royce Holdings PLC0.57%
Banco Bilbao Vizcaya Argentaria0.57%
Aia Group0.56%
Bae Systems PLC0.55%
Softbank Group Corp0.52%
National Australia Bank0.52%
Bridgestone0.52%
Kddi0.52%
Tokio Marine Holdings0.50%
Unicredit0.49%
Banco Santander0.47%
Caixabank SA0.47%
Diageo PLC0.46%
Westpac Banking Corporation0.44%
Takeda Pharmaceutical0.42%
Transurban Group Stapled Units0.42%
Assicurazioni Generali0.42%
Lvmh0.41%
Telia Company0.40%
Bp PLC0.40%
Lloyds Banking Group PLC0.40%
Daiwa Securities Group Inc0.40%
Koninklijke Kpn NV0.39%
Barclays PLC0.38%
Mitsubishi0.38%
Bank Hapoalim Bm0.38%
Sse PLC0.38%
Henkel AG0.37%
Anheuser-Busch Inbev SA0.37%
Sandvik0.36%

Only in UMMA

36 securities, 37.7% of UMMA by weight

Samsung Electronics Co Ltd6.08%
SK hynix Inc5.11%
Taiwan Semiconductor Manufacturing Co Ltd4.90%
Constellation Software Inc/Canada3.89%
Shopify Inc1.66%
Suncor Energy Inc1.32%
Canadian Nat Res Ltd1.04%
Wheaton Precious Metals Corp0.96%
Cie Financiere Richemont SA0.96%
Rio Tinto PLC0.87%
Waste Connections Inc0.73%
Agnico Eagle Mines Ltd0.72%
Canadian Pacific Kansas City Ltd0.70%
Infosys Ltd0.63%
Barrick Mining Corp0.63%
Canadian National Railway Co0.59%
ASE Technology Holding Co Ltd0.58%
Argenx SE0.46%
SK Square Co Ltd0.46%
Xiaomi Corp0.44%
Atlas Copco AB0.43%
Ferrari NV0.43%
Nokia Oyj0.41%
Samsung Electro-Mechanics Co Ltd0.39%
Meituan0.39%
Franco-Nevada Corp0.37%
Goodman Group0.36%
Rio Tinto Ltd0.35%
Dollarama Inc0.34%
Assa Abloy AB0.34%
BYD Co Ltd0.33%
Cameco Corp0.31%
Gold Fields Ltd0.26%
Atlas Copco AB0.23%
Canadian Dollar<0.01%
Swiss Franc<0.01%

Weight gaps

All 57 Holdings in both funds, largest gap first.

Holding weights in ESGD and UMMA, widest gap first
Holding	More in ESGDMore in UMMA	ESGD	UMMA
Infineon Technologies AG	UMMA +2.30 points	0.37%	2.67%
Roche Ps Par AG	UMMA +2.00 points	1.33%	3.33%
Murata Manufacturing	UMMA +1.90 points	0.30%	2.20%
Astrazeneca PLCAZN.L	UMMA +1.48 points	1.15%	2.63%
Tokyo Electron	UMMA +1.37 points	0.74%	2.11%
Lair Liquide Societe Anonyme Pour	UMMA +0.97 points	0.15%	1.12%
Nestle SA	UMMA +0.96 points	1.15%	2.11%
Bhp Group Ltd	UMMA +0.97 points	0.89%	1.86%
Advantest	UMMA +0.92 points	0.72%	1.64%
Recruit Holdings Ltd	UMMA +0.91 points	0.77%	1.68%
Wesfarmers	UMMA +0.88 points	0.14%	1.02%
Asml Holding	UMMA +0.86 points	3.04%	3.90%
Novartis AG	UMMA +0.77 points	1.63%	2.40%
Siemens N AG	UMMA +0.71 points	1.11%	1.82%
Sap	UMMA +0.61 points	1.33%	1.94%
Siemens Energy N AG	UMMA +0.59 points	0.41%	1.00%
Keyence	UMMA +0.58 points	0.30%	0.88%
Schneider Electric	UMMA +0.53 points	0.69%	1.22%
GlaxosmithklineGSK.L	UMMA +0.54 points	0.42%	0.96%
Novo Nordisk Class B	UMMA +0.53 points	0.53%	1.06%
Fast Retailing	UMMA +0.52 points	0.37%	0.89%
Shin Etsu Chemical	UMMA +0.50 points	0.21%	0.71%
Hitachi	UMMA +0.45 points	0.74%	1.19%
Loreal SA	UMMA +0.44 points	0.53%	0.97%
Kioxia Holdings	UMMA +0.36 points	0.42%	0.78%
Compass Group PLCCPG.L	UMMA +0.35 points	0.14%	0.49%
Industria De Diseno Textil SA	UMMA +0.35 points	0.28%	0.63%
Sanofi SA	UMMA +0.34 points	0.47%	0.81%
Csl	UMMA +0.33 points	0.26%	0.59%
Mitsubishi Electric	UMMA +0.33 points	0.27%	0.60%
Unilever PLCULVR.L	UMMA +0.31 points	0.81%	1.12%
Abb Ltd	UMMA +0.30 points	0.94%	1.24%
Otsuka Holdings	UMMA +0.26 points	0.10%	0.36%
Daikin Industries Ltd	UMMA +0.25 points	0.11%	0.36%
Essilorluxottica SA	UMMA +0.25 points	0.27%	0.52%
Legrand SA	UMMA +0.25 points	0.11%	0.36%
Haleon PLCHLN.L	UMMA +0.24 points	0.10%	0.34%
Reckitt Benckiser Group PLCRKT.L	UMMA +0.23 points	0.17%	0.40%
Sumitomo Electric Industries	UMMA +0.23 points	0.08%	0.31%
Relx PLCREL.L	UMMA +0.22 points	0.41%	0.63%
Experian PLCEXPN.L	UMMA +0.22 points	0.10%	0.32%
Hermes International	UMMA +0.21 points	0.22%	0.43%
Fujikura	UMMA +0.21 points	0.15%	0.36%
Roche Holding AG	ESGD +0.16 points	0.28%	0.12%
Prysmian	UMMA +0.14 points	0.17%	0.31%
Fujitsu	UMMA +0.14 points	0.28%	0.42%
Asm International NV	UMMA +0.13 points	0.22%	0.35%
Disco Corp	UMMA +0.13 points	0.16%	0.29%
Hoya	UMMA +0.10 points	0.41%	0.51%
Givaudan SA	ESGD +0.10 points	0.42%	0.32%
Daiichi Sankyo Ltd	UMMA +0.10 points	0.19%	0.29%
Holcim Ltd AG	UMMA +0.09 points	0.30%	0.39%
Lonza Group AG	ESGD +0.05 points	0.53%	0.47%
Alcon AG	ESGD +0.06 points	0.37%	0.31%
Fanuc Corp	ESGD +0.01 points	0.32%	0.31%
Sika AG	UMMA +0.01 points	0.30%	0.31%
Adidas N AG	Same weight	0.30%	0.30%

All 330 ESGD holdings⁠All 97 UMMA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ESGD vs UMMA Cost

Overpaying UMMA vs ESGD

$8,562

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ESGD 0.20%
$4,155
UMMA 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

ESGD 0.20%
UMMA 0.65%
Overpaying

Year by year

Year	ESGD	UMMA	Overpaying
10	$365	$1,163	$798
20	$1,421	$4,440	$3,019
30	$4,155	$12,717	$8,562

Expense ratio

0.20%ESGD, cheaper
0.65%UMMA

ESGD0.20%UMMA0.65%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

ESGD 6th cheapest of 18 funds

UMMA 17th cheapest of 18 funds

ESGD vs UMMA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ESGD 3.33%, better; UMMA 0.79%
Payout (12M): ESGD $3.42; UMMA $0.28
Last payment: ESGD $1.63; UMMA $0.15
Ex-dividend: ESGD Jun 15, 2026; UMMA Sep 24, 2026
Paid on: ESGD Jun 18, 2026; UMMA Sep 25, 2026
Frequency: ESGD Twice a year; UMMA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ESGDTwice a year · 20 paymentsAll ESGD payments⁠

UMMAQuarterly · 17 paymentsAll UMMA payments⁠

ESGD vs UMMA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ESGD 11.7%, betterUMMA 18.0%
Return per unit of riskSharpe ratio, 3 years: ESGD 1.18, betterUMMA 1.01
Worst fallMax drawdown, 5 years: ESGD −29.9%UMMA −34.2%since Jan 2022
Market sensitivityBeta, 5 years: ESGD 0.80UMMA 1.29; Market = 1

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