AMAGX vs. SPY
Compare and contrast key facts about Amana Mutual Funds Trust Growth Fund (AMAGX) and SPDR S&P 500 ETF (SPY).
AMAGX is managed by Amana. It was launched on Feb 3, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAGX or SPY.
Key characteristics
| AMAGX | SPY | |
|---|---|---|
| YTD Return | 14.13% | 21.01% |
| 1Y Return | 26.84% | 32.86% |
| 3Y Return (Ann) | 6.14% | 8.37% |
| 5Y Return (Ann) | 16.36% | 14.97% |
| 10Y Return (Ann) | 14.66% | 12.86% |
| Sharpe Ratio | 1.99 | 2.83 |
| Sortino Ratio | 2.73 | 3.76 |
| Omega Ratio | 1.35 | 1.53 |
| Calmar Ratio | 2.77 | 4.05 |
| Martin Ratio | 10.13 | 18.38 |
| Ulcer Index | 2.99% | 1.85% |
| Daily Std Dev | 15.20% | 12.02% |
| Max Drawdown | -57.64% | -55.19% |
| Current Drawdown | -4.93% | -2.53% |
Correlation
The correlation between AMAGX and SPY is 0.86, 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. SPY - Performance Comparison
In the year-to-date period, AMAGX achieves a 14.13% return, which is significantly lower than SPY's 21.01% return. Over the past 10 years, AMAGX has outperformed SPY with an annualized return of 14.66%, while SPY has yielded a comparatively lower 12.86% 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. SPY - Expense Ratio Comparison
AMAGX has a 0.91% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AMAGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Growth Fund (AMAGX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
AMAGX's dividend yield for the trailing twelve months is around 0.57%, less than SPY's 1.23% 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% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMAGX vs. SPY - Drawdown Comparison
The maximum AMAGX drawdown since its inception was -57.64%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMAGX and SPY. For additional features, visit the drawdowns tool.
Volatility
AMAGX vs. SPY - Volatility Comparison
Amana Mutual Funds Trust Growth Fund (AMAGX) has a higher volatility of 3.86% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that AMAGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.