AMAGX vs. MIDU
Compare and contrast key facts about Amana Mutual Funds Trust Growth Fund (AMAGX) and Direxion Daily Mid Cap Bull 3X Shares (MIDU).
AMAGX is managed by Amana. It was launched on Feb 3, 1994. MIDU is a passively managed fund by Direxion that tracks the performance of the S&P MidCap 400 Index (300%). It was launched on Jan 8, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAGX or MIDU.
Key characteristics
| AMAGX | MIDU | |
|---|---|---|
| YTD Return | 14.13% | 22.44% |
| 1Y Return | 26.84% | 68.81% |
| 3Y Return (Ann) | 6.14% | -9.86% |
| 5Y Return (Ann) | 16.36% | 4.54% |
| 10Y Return (Ann) | 14.66% | 9.63% |
| Sharpe Ratio | 1.99 | 1.65 |
| Sortino Ratio | 2.73 | 2.21 |
| Omega Ratio | 1.35 | 1.27 |
| Calmar Ratio | 2.77 | 1.30 |
| Martin Ratio | 10.13 | 8.35 |
| Ulcer Index | 2.99% | 9.41% |
| Daily Std Dev | 15.20% | 47.50% |
| Max Drawdown | -57.64% | -86.26% |
| Current Drawdown | -4.93% | -27.17% |
Correlation
The correlation between AMAGX and MIDU is 0.84, 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
AMAGX vs. MIDU - Performance Comparison
In the year-to-date period, AMAGX achieves a 14.13% return, which is significantly lower than MIDU's 22.44% return. Over the past 10 years, AMAGX has outperformed MIDU with an annualized return of 14.66%, while MIDU has yielded a comparatively lower 9.63% 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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AMAGX vs. MIDU - Expense Ratio Comparison
AMAGX has a 0.91% expense ratio, which is lower than MIDU's 1.06% expense ratio.
Risk-Adjusted Performance
AMAGX vs. MIDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Growth Fund (AMAGX) and Direxion Daily Mid Cap Bull 3X Shares (MIDU). 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
AMAGX vs. MIDU - Dividend Comparison
AMAGX's dividend yield for the trailing twelve months is around 0.57%, less than MIDU's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAGX Amana Mutual Funds Trust Growth Fund | 0.57% | 0.65% | 3.64% | 0.52% | 5.44% | 3.15% | 3.47% | 10.90% | 13.67% | 7.45% | 6.50% | 3.22% |
MIDU Direxion Daily Mid Cap Bull 3X Shares | 1.35% | 1.43% | 0.11% | 0.00% | 0.06% | 0.71% | 0.70% | 2.67% | 1.89% | 0.00% | 0.00% | 3.91% |
Drawdowns
AMAGX vs. MIDU - Drawdown Comparison
The maximum AMAGX drawdown since its inception was -57.64%, smaller than the maximum MIDU drawdown of -86.26%. Use the drawdown chart below to compare losses from any high point for AMAGX and MIDU. For additional features, visit the drawdowns tool.
Volatility
AMAGX vs. MIDU - Volatility Comparison
The current volatility for Amana Mutual Funds Trust Growth Fund (AMAGX) is 3.86%, while Direxion Daily Mid Cap Bull 3X Shares (MIDU) has a volatility of 10.35%. This indicates that AMAGX experiences smaller price fluctuations and is considered to be less risky than MIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.