UMMA vs VSGX: Grades, Fees and Holdings Compared

Wahed Dow Jones Islamic World ETF

UMMAFNasdaq

Vanguard ESG International Stock ETF

VSGXACboe

Overlap

21.0%by weight

Expense ratio

VSGX −0.55pt a year

UMMA0.65%VSGX0.10%

Avg volume · 30D

VSGX 3.2×the volume

UMMA51.6KVSGX166K

3Y return · a year

UMMA +2.7pt

UMMA+23.4%VSGX+20.7%

UMMA vs VSGX Performance

Oct 31, 2025 – Oct 30, 2026

+24.1%UMMA+14.4%VSGX

Expense ratio: UMMA 0.65%; VSGX 0.10%, better
Fund size: UMMA $310M; VSGX $6.7B
1Y total return: UMMA +24.1%, better; VSGX +14.4%
Yield (12M): UMMA 0.79%; VSGX 3.11%, better
Holdings: UMMA 94; VSGX 6667
Avg volume (30D): UMMA 51.6K sh; VSGX 166K sh, better
NAV per share: UMMA $36.24; VSGX $77.91
52W range

ETF.net Grade

Pillar letters and Scores for UMMA, VSGX, with each pillar’s weight
Pillar	UMMA	VSGX
Cost30% weight	F6	A100Higher
Mission25% weight	F7	A100Higher
Risk15% weight	F13	C49Higher
Tradability15% weight	D35	B64Higher
Holdings10% weight	F20	B60Higher
Durability5% weight	C40	A92Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. UMMA and VSGX 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 ›

VSGX ranks 1st 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 17DOAIMOneAscent International Equity ETFScore 29
Rank 18FUMMAWahed Dow Jones Islamic World ETFScore 14

Our read on each fund

ETF.net Research

UMMAFWahed Dow Jones Islamic World ETF

VSGXAVanguard ESG International Stock ETF

In short

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.

VSGX Most ex-US ESG funds stop at big developed-market names. VSGX casts a wider net: large, mid and small caps across developed and emerging markets, minus the industries its index screens out, for 0.10% a year.

Stated mandate

UMMA The Fund seeks long-term capital appreciation.

VSGX The Fund seeks to track an index of large-, mid-, and small-capitalization stocks from developed and emerging markets outside the United States, subject to environmental, social, and corporate-governance screening.

Why people hold it

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.

VSGX 0.10% a year, well under half the typical fee in its international ESG peer group. Vanguard's usual move: undercut the room.
Reaches past the usual EAFE box, holding thousands of stocks across developed and emerging markets. EAFE-based rivals like ESGD and DMXF cover developed large and mid caps only.msci.com
The screen is FTSE's rulebook, not Vanguard's opinion: out go fossil fuel reserves, weapons, tobacco, alcohol, gambling, adult entertainment and nuclear power, plus conduct flags.ftserussell.com
What survives the screen stays market-cap weighted, with no factor tilts or manager stock picks. Distributions land quarterly.lseg.com

Worth knowing

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.

VSGX Cutting oil, gas, coal, nuclear and weapons names removes whole slices of the market, so results can drift from a plain ex-US index in either direction.ftserussell.com
Emerging markets, small caps and foreign currency all ride along, which can mean wider swings than a developed large-cap-only ex-US fund.
It de-selects rather than rewards: clearing the screen isn't the same as being a sustainability leader, and there's no carbon or Paris-alignment target.lseg.com

Full UMMA profile⁠

Full VSGX profile⁠

UMMA vs VSGX Holdings

How UMMA and VSGX differ

Overlap by weight

21.0%

Shared holdings make up 63.6% of UMMA and 21.0% of VSGX.

Level by level

Holdings59 in both21.0%
Sector11 Sectors65.0%
Countryby domicile69.2%
Asset classEquity100%

Sector

Sector weights in UMMA and VSGX, widest gap first
Sector	More in UMMAMore in VSGX	UMMA	VSGX
Financials	VSGX +28.3 points	0.0%	28.3%
Technology	UMMA +15.7 points	43.8%	28.1%
Health Care	UMMA +7.5 points	16.5%	9.0%
Industrials	UMMA +4.6 points	12.8%	8.2%
Materials	UMMA +3.7 points	9.7%	6.0%
Energy	UMMA +2.8 points	2.9%	0.1%
Communication	VSGX +2.4 points	1.8%	4.2%
Real Estate	VSGX +2.3 points	0.4%	2.7%
Consumer Discretionary	VSGX +1.4 points	6.8%	8.2%
Consumer Staples	UMMA +0.7 points	5.4%	4.7%
Utilities	VSGX +0.6 points	0.0%	0.6%

Country, concentration and asset class

Country by domicile

Country weights in UMMA and VSGX, widest gap first
Country	More in UMMAMore in VSGX	UMMA	VSGX
Switzerland	UMMA +7.6 points	12.9%	5.3%
Canada	UMMA +7.0 points	13.4%	6.4%
Taiwan	VSGX +6.5 points	5.9%	12.4%
China	VSGX +5.9 points	0.9%	6.8%
South Korea	UMMA +4.9 points	12.9%	8.0%
Germany	UMMA +4.2 points	8.3%	4.1%
India	VSGX +3.2 points	0.7%	3.9%
France	UMMA +2.9 points	5.8%	2.9%
Other countries (31)	VSGX +11.1 points	39.2%	50.3%

Outside the US: UMMA 79% developed, 21% emerging. VSGX 61% developed, 39% emerging.

Concentration

Weight in the 10 largest Holdings

UMMA40.5%
VSGX18.1%

Securities held

UMMA93
VSGX6,625

Asset class

UMMA: Equity
VSGX: Equity

Holdings

Only in UMMA34
In both59
Only in VSGX6,566

Only in UMMA

34 securities, 30.8% of UMMA by weight

Taiwan Semiconductor Manufacturing Co Ltd4.90%
Constellation Software Inc/Canada3.89%
BHP Group Ltd1.86%
Siemens AG1.82%
Suncor Energy Inc1.32%
ABB Ltd1.24%
Schneider Electric SE1.22%
Hitachi Ltd1.19%
Air Liquide SA1.12%
Canadian Nat Res Ltd1.04%
Siemens Energy AG1.00%
Cie Financiere Richemont SA0.96%
Rio Tinto PLC0.87%
Canadian Pacific Kansas City Ltd0.70%
Infosys Ltd0.63%
Barrick Mining Corp0.63%
Mitsubishi Electric Corp0.60%
Canadian National Railway Co0.59%
ASE Technology Holding Co Ltd0.58%
Argenx SE0.46%
Atlas Copco AB0.43%
Nokia Oyj0.41%
Holcim AG0.39%
Franco-Nevada Corp0.37%
Daikin Industries Ltd0.36%
Rio Tinto Ltd0.35%
Assa Abloy AB0.34%
Prysmian SpA0.31%
Cameco Corp0.31%
Sika AG0.31%
adidas AG0.30%
Atlas Copco AB0.23%
Canadian Dollar<0.01%
Swiss Franc<0.01%

Only in VSGX

6,566 securities, 78.6% of VSGX by weight

Taiwan Semiconductor Manufacturing Co Ltd5.79%
SLCMT11421.12%
Royal Bank of Canada0.84%
Alibaba Group Holding Ltd0.78%
Mitsubishi UFJ Financial Group Inc0.77%
MediaTek Inc0.69%
Banco Santander SA0.61%
Toyota Motor Corp0.58%
Allianz SE0.54%
Commonwealth Bank of Australia0.53%
Sumitomo Mitsui Financial Group Inc0.48%
Banco Bilbao Vizcaya Argentaria SA0.48%
SoftBank Group Corp0.46%
UBS Group AG0.45%
Sony Group Corp0.43%
Delta Electronics Inc0.41%
UniCredit SpA0.40%
Mizuho Financial Group Inc0.40%
DBS Group Holdings Ltd0.37%
Bank of Montreal0.36%
Samsung Electronics-Pref0.35%
Intesa Sanpaolo SpA0.35%
Bank of Nova Scotia/The0.34%
China Construction Bank Corp0.34%
BNP Paribas SA0.32%
ING Groep NV0.31%
Deutsche Telekom AG0.31%
Canadian Imperial Bank of Commerce0.31%
Zurich Insurance Group AG0.30%
Hon Hai Precision Industry Co Ltd0.29%
AIA Group Ltd0.29%
Tokio Marine Holdings Inc0.29%
HDFC Bank Ltd0.26%
National Australia Bank Ltd0.26%
Westpac Banking Corp0.25%
Lloyds Banking Group PLC0.25%
Barclays PLC0.25%
Oversea-Chinese Banking Corp Ltd0.24%
ANZ Group Holdings Ltd0.24%
Axa SA0.24%
Industrial & Commercial Bank of China Ltd0.24%
ICICI Bank Ltd0.22%
ASE Technology Holding Co Ltd0.22%
NatWest Group PLC0.22%
Manulife Financial Corp0.22%
Investor AB0.21%
Panasonic Holdings Corp0.20%
L'Oreal SA0.19%
Nordea Bank Abp0.19%
Deutsche Bank AG0.19%

Weight gaps

All 59 Holdings in both funds, largest gap first.

Holding weights in UMMA and VSGX, widest gap first
Holding	More in UMMAMore in VSGX	UMMA	VSGX
Samsung Electronics Co Ltd	UMMA +3.32 points	6.08%	2.76%
SK hynix Inc	UMMA +2.85 points	5.11%	2.26%
Roche Holding AG	UMMA +2.44 points	3.33%	0.89%
Infineon Technologies AG	UMMA +2.40 points	2.67%	0.27%
Murata Manufacturing Co Ltd	UMMA +1.94 points	2.20%	0.26%
AstraZeneca PLCAZN.L	UMMA +1.89 points	2.63%	0.74%
ASML Holding NV	UMMA +1.80 points	3.90%	2.10%
Tokyo Electron Ltd	UMMA +1.61 points	2.11%	0.50%
Novartis AG	UMMA +1.59 points	2.40%	0.81%
Nestle SA	UMMA +1.40 points	2.11%	0.71%
Sap SE	UMMA +1.32 points	1.94%	0.62%
Recruit Holdings Co Ltd	UMMA +1.24 points	1.68%	0.44%
Advantest Corp	UMMA +1.15 points	1.64%	0.49%
Shopify Inc	UMMA +1.11 points	1.66%	0.55%
L'Oreal SA	UMMA +0.86 points	0.97%	0.11%
Wesfarmers Ltd	UMMA +0.84 points	1.02%	0.18%
Wheaton Precious Metals Corp	UMMA +0.78 points	0.96%	0.18%
Unilever PLCULVR.L	UMMA +0.73 points	1.12%	0.39%
Novo Nordisk A/S	UMMA +0.69 points	1.06%	0.37%
Gsk PLCGSK.L	UMMA +0.67 points	0.96%	0.29%
Fast Retailing Co Ltd	UMMA +0.64 points	0.89%	0.25%
Waste Connections Inc	UMMA +0.62 points	0.73%	0.12%
Keyence Corp	UMMA +0.59 points	0.88%	0.29%
Sanofi SA	UMMA +0.54 points	0.81%	0.27%
Shin-Etsu Chemical Co Ltd	UMMA +0.50 points	0.71%	0.21%
Relx PLCREL.L	UMMA +0.45 points	0.63%	0.18%
Agnico Eagle Mines Ltd	UMMA +0.44 points	0.72%	0.28%
Industria de Diseno Textil SA	UMMA +0.42 points	0.63%	0.21%
CSL Ltd	UMMA +0.40 points	0.59%	0.19%
Kioxia Holdings Corp	UMMA +0.38 points	0.78%	0.40%
EssilorLuxottica SA	UMMA +0.37 points	0.52%	0.15%
Hoya Corp	UMMA +0.36 points	0.51%	0.15%
Compass Group PLCCPG.L	UMMA +0.34 points	0.49%	0.15%
Lonza Group AG	UMMA +0.33 points	0.47%	0.15%
Fujitsu Ltd	UMMA +0.29 points	0.42%	0.13%
Ferrari NV	UMMA +0.29 points	0.43%	0.14%
Xiaomi Corp	UMMA +0.27 points	0.44%	0.17%
Hermes International SCA	UMMA +0.27 points	0.43%	0.16%
Reckitt Benckiser Group PLCRKT.L	UMMA +0.27 points	0.40%	0.13%
Otsuka Holdings Co Ltd	UMMA +0.26 points	0.36%	0.10%
Goodman Group	UMMA +0.25 points	0.36%	0.11%
Dollarama Inc	UMMA +0.24 points	0.34%	0.10%
Meituan	UMMA +0.24 points	0.39%	0.15%
Legrand SA	UMMA +0.24 points	0.36%	0.12%
SK Square Co Ltd	UMMA +0.23 points	0.46%	0.23%
Experian PLCEXPN.L	UMMA +0.23 points	0.32%	0.09%
Givaudan SA	UMMA +0.23 points	0.32%	0.09%
BYD Co Ltd	UMMA +0.22 points	0.33%	0.11%
Alcon AG	UMMA +0.22 points	0.31%	0.09%
Haleon PLCHLN.L	UMMA +0.22 points	0.34%	0.12%
Samsung Electro-Mechanics Co Ltd	UMMA +0.20 points	0.39%	0.19%
ASM International NV	UMMA +0.21 points	0.35%	0.14%
FANUC Corp	UMMA +0.20 points	0.31%	0.11%
Disco Corp	UMMA +0.19 points	0.29%	0.10%
Fujikura Ltd	UMMA +0.19 points	0.36%	0.17%
Daiichi Sankyo Co Ltd	UMMA +0.19 points	0.29%	0.10%
Sumitomo Electric Industries Ltd	UMMA +0.18 points	0.31%	0.13%
Gold Fields Ltd	UMMA +0.16 points	0.26%	0.10%
Roche Holding AG	UMMA +0.08 points	0.12%	0.04%

All 97 UMMA holdings⁠All 6,429 VSGX 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.

UMMA vs VSGX Cost

Overpaying UMMA vs VSGX

$10,611

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

UMMA 0.65%
$12,717
VSGX 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

UMMA 0.65%
VSGX 0.10%
Overpaying

Year by year

Year	UMMA	VSGX	Overpaying
10	$1,163	$183	$980
20	$4,440	$717	$3,723
30	$12,717	$2,106	$10,611

Expense ratio

0.65%UMMA
0.10%VSGX, cheaper

VSGX0.10%UMMA0.65%

0.10%0.95%

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

VSGX cheapest of 18 funds

UMMA 17th cheapest of 18 funds

UMMA vs VSGX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): UMMA 0.79%; VSGX 3.11%, better
Payout (12M): UMMA $0.28; VSGX $2.43
Last payment: UMMA $0.15; VSGX $0.47
Ex-dividend: UMMA Sep 24, 2026; VSGX Sep 18, 2026
Paid on: UMMA Sep 25, 2026; VSGX Sep 22, 2026
Frequency: UMMA Quarterly; VSGX Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

UMMAQuarterly · 17 paymentsAll UMMA payments⁠

VSGXQuarterly · 31 paymentsAll VSGX payments⁠

UMMA vs VSGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: UMMA 18.0%VSGX 12.8%, better
Return per unit of riskSharpe ratio, 3 years: UMMA 1.01VSGX 1.20, better
Worst fallMax drawdown, 5 years: UMMA −34.2%since Jan 2022VSGX −31.2%
Market sensitivityBeta, 5 years: UMMA 1.29VSGX 0.97; Market = 1

UMMA and VSGX in the news

All news⁠

ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026VSGX

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UMMA vs VSGX

In short

Stated mandate

Why people hold it

Worth knowing

How UMMA and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in UMMA

Only in VSGX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How UMMA and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in UMMA

Only in VSGX

Weight gaps