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:
0.77
SPY:
2.20
AMAGX:
1.12
SPY:
2.92
AMAGX:
1.14
SPY:
1.41
AMAGX:
1.13
SPY:
3.35
AMAGX:
3.39
SPY:
14.01
AMAGX:
3.66%
SPY:
2.01%
AMAGX:
16.02%
SPY:
12.76%
AMAGX:
-57.64%
SPY:
-55.19%
AMAGX:
-5.56%
SPY:
-0.45%
Returns By Period
In the year-to-date period, AMAGX achieves a 2.11% return, which is significantly lower than SPY's 2.90% return. Over the past 10 years, AMAGX has underperformed SPY with an annualized return of 9.44%, while SPY has yielded a comparatively higher 13.39% annualized return.
AMAGX
2.11%
1.46%
-1.43%
10.69%
12.08%
9.44%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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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 1.17%.
| 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 | 1.17% | 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
Amana Mutual Funds Trust Growth Fund (AMAGX) has a higher volatility of 6.30% compared to SPDR S&P 500 ETF (SPY) at 5.17%. 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.