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.
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
Key characteristics
AMAGX:
-0.58
SPY:
0.12
AMAGX:
-0.71
SPY:
0.31
AMAGX:
0.91
SPY:
1.04
AMAGX:
-0.50
SPY:
0.12
AMAGX:
-1.89
SPY:
0.60
AMAGX:
6.50%
SPY:
3.83%
AMAGX:
20.99%
SPY:
19.54%
AMAGX:
-57.64%
SPY:
-55.19%
AMAGX:
-20.19%
SPY:
-14.16%
Returns By Period
In the year-to-date period, AMAGX achieves a -13.71% return, which is significantly lower than SPY's -10.22% return. Over the past 10 years, AMAGX has underperformed SPY with an annualized return of 7.29%, while SPY has yielded a comparatively higher 11.57% annualized return.
AMAGX
-13.71%
-7.42%
-18.61%
-11.41%
11.18%
7.29%
SPY
-10.22%
-5.35%
-8.37%
3.33%
15.23%
11.57%
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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 Rank
AMAGX
SPY
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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.37%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAGX Amana Mutual Funds Trust Growth Fund | 0.00% | 0.00% | 0.16% | 0.17% | 0.07% | 0.22% | 0.36% | 0.47% | 0.49% | 0.75% | 0.54% | 0.37% |
SPY SPDR S&P 500 ETF | 1.37% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Amana Mutual Funds Trust Growth Fund (AMAGX) is 13.28%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.54%. This indicates that AMAGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.