ADJEX vs. POAGX

Last updated Jun 4, 2026

ADJEX (Azzad Ethical Fund) and POAGX (PrimeCap Odyssey Aggressive Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, ADJEX returned 9.70%/yr vs 15.87%/yr for POAGX. Their correlation of 0.87 suggests significant overlap in exposure. ADJEX charges 0.99%/yr vs 0.65%/yr for POAGX.

Performance

ADJEX vs. POAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Azzad Ethical Fund (ADJEX) and PrimeCap Odyssey Aggressive Growth Fund (POAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADJEX achieves a 12.03% return, which is significantly lower than POAGX's 25.05% return. Over the past 10 years, ADJEX has underperformed POAGX with an annualized return of 9.70%, while POAGX has yielded a comparatively higher 15.87% annualized return.

ADJEX

• 1D: 0.94%
• 1M: 7.67%
• YTD: 12.03%
• 6M: 8.57%
• 1Y: 14.78%
• 3Y*: 7.90%
• 5Y*: 3.59%
• 10Y*: 9.70%

POAGX

• 1D: 0.48%
• 1M: 16.75%
• YTD: 25.05%
• 6M: 26.41%
• 1Y: 60.37%
• 3Y*: 25.56%
• 5Y*: 10.82%
• 10Y*: 15.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADJEX vs. POAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADJEX Azzad Ethical Fund	12.03%	1.43%	1.70%	24.25%	-27.82%	17.60%	30.47%	30.01%	-3.25%	23.40%
POAGX PrimeCap Odyssey Aggressive Growth Fund	25.05%	28.68%	12.56%	25.02%	-24.25%	4.02%	29.17%	23.52%	-7.10%	33.60%

Correlation

The correlation between ADJEX and POAGX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 3, 2004	0.87

The correlation between ADJEX and POAGX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

ADJEX vs. POAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADJEX

ADJEX Risk / Return Rank: 12
ADJEX Sharpe Ratio Rank: 12
ADJEX Sortino Ratio Rank: 12
ADJEX Omega Ratio Rank: 11
ADJEX Calmar Ratio Rank: 12
ADJEX Martin Ratio Rank: 12

POAGX

POAGX Risk / Return Rank: 83
POAGX Sharpe Ratio Rank: 92
POAGX Sortino Ratio Rank: 85
POAGX Omega Ratio Rank: 79
POAGX Calmar Ratio Rank: 81
POAGX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADJEX vs. POAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) and PrimeCap Odyssey Aggressive Growth Fund (POAGX). 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.

	ADJEX	POAGX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	3.07	-2.12
Sortino ratio: Return per unit of downside risk	1.41	4.02	-2.61
Omega ratio: Gain probability vs. loss probability	1.17	1.52	-0.35
Calmar ratio: Return relative to maximum drawdown	1.14	3.71	-2.57
Martin ratio: Return relative to average drawdown	3.63	15.14	-11.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADJEX vs. POAGX - Sharpe Ratio Comparison

The current ADJEX Sharpe Ratio is 0.95, which is lower than the POAGX Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of ADJEX and POAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADJEX	POAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	3.07	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.47	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.70	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.64	-0.33

Drawdowns

ADJEX vs. POAGX - Drawdown Comparison

The maximum ADJEX drawdown since its inception was -55.62%, roughly equal to the maximum POAGX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for ADJEX and POAGX.

Drawdown Indicators

	ADJEX	POAGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.62%	-55.77%	+0.15%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-16.87%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-25.81%	-24.73%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-37.22%	-38.80%	+1.58%
Max Drawdown (10Y) Largest decline over 10 years	-37.22%	-38.80%	+1.58%
Current Drawdown Current decline from peak	-0.83%	0.00%	-0.83%
Average Drawdown Average peak-to-trough decline	-12.54%	-9.54%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	4.12%	+0.39%

Volatility

ADJEX vs. POAGX - Volatility Comparison

The current volatility for Azzad Ethical Fund (ADJEX) is 4.54%, while PrimeCap Odyssey Aggressive Growth Fund (POAGX) has a volatility of 7.94%. This indicates that ADJEX experiences smaller price fluctuations and is considered to be less risky than POAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADJEX	POAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	7.94%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	16.25%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	20.35%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	22.90%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	22.90%	-1.40%

ADJEX vs. POAGX - Expense Ratio Comparison

ADJEX has a 0.99% expense ratio, which is higher than POAGX's 0.65% expense ratio.

Dividends

ADJEX vs. POAGX - Dividend Comparison

ADJEX has not paid dividends to shareholders, while POAGX's dividend yield for the trailing twelve months is around 10.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADJEX Azzad Ethical Fund	0.00%	0.00%	5.47%	2.53%	0.06%	12.81%	5.62%	6.35%	6.37%	14.98%	0.09%	0.69%
POAGX PrimeCap Odyssey Aggressive Growth Fund	10.60%	13.25%	9.90%	5.54%	10.78%	5.93%	7.84%	5.33%	7.82%	0.86%	16.63%	12.52%

Frequently Asked Questions

Can I hold both ADJEX and POAGX in my portfolio?

ADJEX and POAGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADJEX or POAGX?

POAGX has higher volatility (7.94%) compared to ADJEX (4.54%). In terms of maximum drawdown, ADJEX dropped -55.62% vs POAGX's -55.77%.

Which has better risk-adjusted returns?

POAGX currently has the higher Sharpe Ratio (3.07 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.