AMANX vs. SPRE
AMANX (Amana Income Fund Investor Shares) and SPRE (SP Funds S&P Global REIT Sharia ETF) are both funds - AMANX is a Large Cap Blend Equities fund actively managed by Amana, while SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index. AMANX is actively managed, while SPRE is passively managed. Over the past 5 years, AMANX returned 10.63%/yr vs 1.21%/yr for SPRE. Their 0.59 correlation means they have sometimes moved together and sometimes differently. AMANX charges 1.01%/yr vs 0.50%/yr for SPRE.
Performance
AMANX vs. SPRE - Performance Comparison
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Returns By Period
In the year-to-date period, AMANX achieves a 13.09% return, which is significantly higher than SPRE's 12.37% return.
AMANX
- 1D
- 0.25%
- 1M
- 0.08%
- 6M
- 9.53%
- YTD
- 13.09%
- 1Y
- 19.86%
- 3Y*
- 16.38%
- 5Y*
- 10.63%
- 10Y*
- 11.88%
- ALL TIME*
- 8.85%
SPRE
- 1D
- -0.02%
- 1M
- 1.11%
- 6M
- 9.45%
- YTD
- 12.37%
- 1Y
- 17.60%
- 3Y*
- 8.31%
- 5Y*
- 1.21%
- 10Y*
- —
- ALL TIME*
- 5.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.42M | $1.19M | $1.61M |
AMANX vs. SPRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMANX Amana Income Fund Investor Shares | 13.09% | 16.41% | 12.85% | 13.60% | -8.86% | 22.53% | 1.13% |
SPRE SP Funds S&P Global REIT Sharia ETF | 12.37% | 3.07% | 2.11% | 9.40% | -29.48% | 44.78% | -0.17% |
Correlation
The correlation between AMANX and SPRE is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020 | 0.59 |
Over the past year, the correlation between AMANX and SPRE has dropped to 0.39 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
AMANX vs. SPRE — Risk / Return Rank
AMANX
SPRE
AMANX vs. SPRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amana Income Fund Investor Shares (AMANX) and SP Funds S&P Global REIT Sharia ETF (SPRE). 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 | SPRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.84 | +0.14 |
| Martin ratioReturn relative to average drawdown | 7.85 | 6.70 | +1.15 |
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Drawdowns
AMANX vs. SPRE - Drawdown Comparison
The maximum AMANX drawdown since its inception was -37.82%, roughly equal to the maximum SPRE drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for AMANX and SPRE.
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Drawdown Indicators
| AMANX | SPRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.82% | -38.34% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -9.63% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -22.04% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -38.34% | +19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -31.48% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -8.78% | +8.06% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -17.66% | +11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.63% | +0.14% |
Volatility
AMANX vs. SPRE - Volatility Comparison
Amana Income Fund Investor Shares (AMANX) and SP Funds S&P Global REIT Sharia ETF (SPRE) have volatilities of 3.27% and 3.26%, 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.
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Volatility by Period
| AMANX | SPRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.26% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 10.01% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 13.15% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 18.78% | -4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 18.27% | -2.32% |
AMANX vs. SPRE - Expense Ratio Comparison
AMANX has a 1.01% expense ratio, which is higher than SPRE's 0.50% expense ratio.
Dividends
AMANX vs. SPRE - Dividend Comparison
AMANX's dividend yield for the trailing twelve months is around 4.78%, more than SPRE's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMANX Amana Income Fund Investor Shares | 4.78% | 5.39% | 5.69% | 5.24% | 8.14% | 4.66% | 6.53% | 7.81% | 6.55% | 5.75% | 4.15% | 6.88% |
SPRE SP Funds S&P Global REIT Sharia ETF | 3.73% | 4.10% | 4.13% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMANX and SPRE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMANX has higher volatility (3.27%) compared to SPRE (3.26%). In terms of maximum drawdown, AMANX dropped -37.82% vs SPRE's -38.34%.
AMANX currently has the higher Sharpe Ratio (1.65 vs 1.34), 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.
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