ADJEX vs. AMANX
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and Amana Mutual Funds Trust Income Fund (AMANX).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. AMANX is managed by Amana. It was launched on Jun 23, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADJEX or AMANX.
Key characteristics
| ADJEX | AMANX | |
|---|---|---|
| YTD Return | 7.11% | 15.63% |
| 1Y Return | 17.59% | 20.43% |
| 3Y Return (Ann) | -7.28% | 7.65% |
| 5Y Return (Ann) | 2.93% | 11.66% |
| 10Y Return (Ann) | 3.26% | 10.01% |
| Sharpe Ratio | 1.24 | 1.98 |
| Sortino Ratio | 1.79 | 2.76 |
| Omega Ratio | 1.22 | 1.35 |
| Calmar Ratio | 0.67 | 2.57 |
| Martin Ratio | 4.92 | 10.35 |
| Ulcer Index | 4.48% | 2.12% |
| Daily Std Dev | 17.76% | 11.06% |
| Max Drawdown | -57.92% | -37.82% |
| Current Drawdown | -20.91% | -3.20% |
Correlation
The correlation between ADJEX and AMANX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ADJEX vs. AMANX - Performance Comparison
In the year-to-date period, ADJEX achieves a 7.11% return, which is significantly lower than AMANX's 15.63% return. Over the past 10 years, ADJEX has underperformed AMANX with an annualized return of 3.26%, while AMANX has yielded a comparatively higher 10.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ADJEX vs. AMANX - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is lower than AMANX's 1.01% expense ratio.
Risk-Adjusted Performance
ADJEX vs. AMANX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and Amana Mutual Funds Trust Income Fund (AMANX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ADJEX vs. AMANX - Dividend Comparison
ADJEX has not paid dividends to shareholders, while AMANX's dividend yield for the trailing twelve months is around 0.74%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX Azzad Ethical Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 9.18% | 11.64% |
AMANX Amana Mutual Funds Trust Income Fund | 0.74% | 0.90% | 1.00% | 0.73% | 1.12% | 1.24% | 1.33% | 1.04% | 1.40% | 1.57% | 1.50% | 1.39% |
Drawdowns
ADJEX vs. AMANX - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -57.92%, which is greater than AMANX's maximum drawdown of -37.82%. Use the drawdown chart below to compare losses from any high point for ADJEX and AMANX. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. AMANX - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 4.58% compared to Amana Mutual Funds Trust Income Fund (AMANX) at 3.02%. This indicates that ADJEX's price experiences larger fluctuations and is considered to be riskier than AMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.