AMAGX vs. AMIGX

Last updated Jun 23, 2026

AMAGX (Amana Growth Fund Investor Shares) and AMIGX (Amana Growth Fund) are both Large Cap Growth Equities funds from Amana. Over the past 10 years, AMAGX returned 17.59%/yr vs 17.85%/yr for AMIGX. With a 1.00 correlation, they move nearly in lockstep. AMAGX charges 0.86%/yr vs 0.67%/yr for AMIGX.

Performance

AMAGX vs. AMIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Growth Fund Investor Shares (AMAGX) and Amana Growth Fund (AMIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AMAGX having a 14.81% return and AMIGX slightly higher at 14.94%. Both investments have delivered pretty close results over the past 10 years, with AMAGX having a 17.59% annualized return and AMIGX not far ahead at 17.85%.

AMAGX

• 1D: 1.65%
• 1M: 1.18%
• YTD: 14.81%
• 6M: 15.02%
• 1Y: 34.39%
• 3Y*: 19.60%
• 5Y*: 13.63%
• 10Y*: 17.59%

AMIGX

• 1D: 1.65%
• 1M: 1.21%
• YTD: 14.94%
• 6M: 15.16%
• 1Y: 34.73%
• 3Y*: 19.89%
• 5Y*: 13.90%
• 10Y*: 17.85%

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

AMAGX vs. AMIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMAGX Amana Growth Fund Investor Shares	14.81%	17.62%	15.73%	25.67%	-19.49%	31.51%	32.93%	33.09%	2.47%	28.91%
AMIGX Amana Growth Fund	14.94%	17.89%	16.01%	26.00%	-19.30%	31.80%	32.97%	33.43%	2.70%	29.22%

Correlation

The correlation between AMAGX and AMIGX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	1.00

The correlation between AMAGX and AMIGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

AMAGX vs. AMIGX — Risk / Return Rank

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

AMAGX

AMAGX Risk / Return Rank: 59
AMAGX Sharpe Ratio Rank: 55
AMAGX Sortino Ratio Rank: 50
AMAGX Omega Ratio Rank: 49
AMAGX Calmar Ratio Rank: 69
AMAGX Martin Ratio Rank: 75

AMIGX

AMIGX Risk / Return Rank: 61
AMIGX Sharpe Ratio Rank: 55
AMIGX Sortino Ratio Rank: 51
AMIGX Omega Ratio Rank: 50
AMIGX Calmar Ratio Rank: 71
AMIGX Martin Ratio Rank: 76

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.

AMAGX vs. AMIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Growth Fund Investor Shares (AMAGX) and Amana Growth Fund (AMIGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMAGX	AMIGX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.02	-0.02
Sortino ratio: Return per unit of downside risk	2.74	2.77	-0.03
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.07	3.10	-0.04
Martin ratio: Return relative to average drawdown	13.16	13.33	-0.17

AMAGX vs. AMIGX - Sharpe Ratio Comparison

The current AMAGX Sharpe Ratio is 2.00, which is comparable to the AMIGX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of AMAGX and AMIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMAGX vs. AMIGX - Drawdown Comparison

The maximum AMAGX drawdown since its inception was -57.64%, which is greater than AMIGX's maximum drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for AMAGX and AMIGX.

Drawdown Indicators

	AMAGX	AMIGX	Difference
Max Drawdown Largest peak-to-trough decline	-57.64%	-27.95%	-29.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-11.03%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-21.40%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	-27.95%	-0.14%
Max Drawdown (10Y) Largest decline over 10 years	-28.09%	-27.95%	-0.14%
Current Drawdown Current decline from peak	-2.21%	-2.19%	-0.02%
Average Drawdown Average peak-to-trough decline	-10.26%	-4.51%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.56%	+0.01%

Volatility

AMAGX vs. AMIGX - Volatility Comparison

Amana Growth Fund Investor Shares (AMAGX) and Amana Growth Fund (AMIGX) have volatilities of 6.35% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMAGX	AMIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	6.35%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	13.88%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	16.90%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	18.55%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.50%	18.50%	0.00%

AMAGX vs. AMIGX - Expense Ratio Comparison

AMAGX has a 0.86% expense ratio, which is higher than AMIGX's 0.67% expense ratio.

Dividends

AMAGX vs. AMIGX - Dividend Comparison

AMAGX has not paid dividends to shareholders, while AMIGX's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAGX Amana Growth Fund Investor Shares	0.00%	0.00%	3.95%	0.65%	3.64%	0.52%	5.44%	3.15%	3.47%	10.90%	13.67%	7.45%
AMIGX Amana Growth Fund	0.16%	0.19%	4.02%	0.82%	3.88%	0.74%	5.42%	3.37%	3.61%	11.11%	13.79%	7.61%

Frequently Asked Questions

Can I hold both AMAGX and AMIGX in my portfolio?

With a correlation of 1.00, AMAGX and AMIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMAGX or AMIGX?

AMIGX has higher volatility (6.35%) compared to AMAGX (6.35%). In terms of maximum drawdown, AMAGX dropped -57.64% vs AMIGX's -27.95%.

Which has better risk-adjusted returns?

AMIGX currently has the higher Sharpe Ratio (2.02 vs 2.00), 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.