ADJEX vs. IMANX
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and Iman Fund (IMANX).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. IMANX is managed by Allied Asset. It was launched on Jun 30, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADJEX or IMANX.
Correlation
The correlation between ADJEX and IMANX is 0.91, 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. IMANX - Performance Comparison
Key characteristics
ADJEX:
0.02
IMANX:
1.52
ADJEX:
0.16
IMANX:
2.10
ADJEX:
1.02
IMANX:
1.28
ADJEX:
0.01
IMANX:
0.82
ADJEX:
0.09
IMANX:
8.51
ADJEX:
4.69%
IMANX:
2.76%
ADJEX:
18.55%
IMANX:
15.45%
ADJEX:
-57.92%
IMANX:
-56.36%
ADJEX:
-27.22%
IMANX:
-10.87%
Returns By Period
In the year-to-date period, ADJEX achieves a -1.45% return, which is significantly lower than IMANX's 21.65% return. Over the past 10 years, ADJEX has underperformed IMANX with an annualized return of 2.39%, while IMANX has yielded a comparatively higher 2.84% annualized return.
ADJEX
-1.45%
-6.03%
-5.43%
-1.33%
2.00%
2.39%
IMANX
21.65%
-0.18%
2.33%
21.83%
1.95%
2.84%
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ADJEX vs. IMANX - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is lower than IMANX's 1.28% expense ratio.
Risk-Adjusted Performance
ADJEX vs. IMANX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and Iman Fund (IMANX). 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. IMANX - Dividend Comparison
Neither ADJEX nor IMANX has paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Iman Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% | 0.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
ADJEX vs. IMANX - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -57.92%, roughly equal to the maximum IMANX drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for ADJEX and IMANX. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. IMANX - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 8.47% compared to Iman Fund (IMANX) at 4.05%. This indicates that ADJEX's price experiences larger fluctuations and is considered to be riskier than IMANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.