AMANX vs. AMINX

Last updated Jun 24, 2026

AMANX (Amana Mutual Funds Trust Income Fund) and AMINX (Amana Income Fund Institutional Class) are both mutual funds - AMANX is a Large Cap Blend Equities fund managed by Amana, while AMINX is a Dividend fund actively managed by Amana. Over the past 10 years, AMANX returned 12.44%/yr vs 12.70%/yr for AMINX. With a 1.00 correlation, they move nearly in lockstep. AMANX charges 1.01%/yr vs 0.76%/yr for AMINX.

Performance

AMANX vs. AMINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Income Fund (AMANX) and Amana Income Fund Institutional Class (AMINX). 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 AMANX having a 11.94% return and AMINX slightly higher at 12.08%. Both investments have delivered pretty close results over the past 10 years, with AMANX having a 12.44% annualized return and AMINX not far ahead at 12.70%.

AMANX

• 1D: 0.06%
• 1M: 3.23%
• YTD: 11.94%
• 6M: 11.73%
• 1Y: 22.66%
• 3Y*: 15.48%
• 5Y*: 11.42%
• 10Y*: 12.44%

AMINX

• 1D: 0.06%
• 1M: 3.25%
• YTD: 12.08%
• 6M: 11.89%
• 1Y: 22.98%
• 3Y*: 15.77%
• 5Y*: 11.69%
• 10Y*: 12.70%

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

AMANX vs. AMINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMANX Amana Mutual Funds Trust Income Fund	11.94%	16.41%	12.85%	13.60%	-8.86%	22.53%	13.98%	25.31%	-5.17%	21.67%
AMINX Amana Income Fund Institutional Class	12.08%	16.69%	13.13%	13.87%	-8.65%	22.81%	14.18%	25.59%	-4.94%	21.95%

Correlation

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

Return for Risk

AMANX vs. AMINX — Risk / Return Rank

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

AMANX

AMANX Risk / Return Rank: 43
AMANX Sharpe Ratio Rank: 46
AMANX Sortino Ratio Rank: 47
AMANX Omega Ratio Rank: 45
AMANX Calmar Ratio Rank: 36
AMANX Martin Ratio Rank: 42

AMINX

AMINX Risk / Return Rank: 44
AMINX Sharpe Ratio Rank: 47
AMINX Sortino Ratio Rank: 48
AMINX Omega Ratio Rank: 46
AMINX Calmar Ratio Rank: 37
AMINX Martin Ratio Rank: 42

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.

AMANX vs. AMINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Income Fund (AMANX) and Amana Income Fund Institutional Class (AMINX). 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.

	AMANX	AMINX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.87	-0.02
Sortino ratio: Return per unit of downside risk	2.65	2.68	-0.03
Omega ratio: Gain probability vs. loss probability	1.33	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.16	2.19	-0.03
Martin ratio: Return relative to average drawdown	8.46	8.61	-0.15

AMANX vs. AMINX - Sharpe Ratio Comparison

The current AMANX Sharpe Ratio is 1.85, which is comparable to the AMINX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of AMANX and AMINX, 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

AMANX vs. AMINX - Drawdown Comparison

The maximum AMANX drawdown since its inception was -37.82%, which is greater than AMINX's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for AMANX and AMINX.

Drawdown Indicators

	AMANX	AMINX	Difference
Max Drawdown Largest peak-to-trough decline	-37.82%	-31.45%	-6.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-11.00%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-15.34%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	-19.04%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-31.48%	-31.45%	-0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.99%	-3.63%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.79%	+0.01%

Volatility

AMANX vs. AMINX - Volatility Comparison

Amana Mutual Funds Trust Income Fund (AMANX) and Amana Income Fund Institutional Class (AMINX) have volatilities of 4.61% and 4.62%, 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

	AMANX	AMINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	4.62%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	10.50%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	12.90%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	14.01%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	15.99%	-0.01%

AMANX vs. AMINX - Expense Ratio Comparison

AMANX has a 1.01% expense ratio, which is higher than AMINX's 0.76% expense ratio.

Dividends

AMANX vs. AMINX - Dividend Comparison

AMANX's dividend yield for the trailing twelve months is around 4.83%, less than AMINX's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMANX Amana Mutual Funds Trust Income Fund	4.83%	5.39%	5.69%	5.24%	8.14%	4.66%	6.53%	7.81%	6.55%	5.75%	4.15%	6.88%
AMINX Amana Income Fund Institutional Class	5.20%	5.80%	6.06%	5.61%	8.61%	5.02%	6.91%	8.22%	6.87%	6.04%	4.58%	7.18%

Frequently Asked Questions

Can I hold both AMANX and AMINX in my portfolio?

With a correlation of 1.00, AMANX and AMINX 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, AMANX or AMINX?

AMINX has higher volatility (4.62%) compared to AMANX (4.61%). In terms of maximum drawdown, AMANX dropped -37.82% vs AMINX's -31.45%.

Which has better risk-adjusted returns?

AMINX currently has the higher Sharpe Ratio (1.87 vs 1.85), 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.