AMANX vs. SPRE

Last updated Jun 4, 2026

AMANX (Amana Mutual Funds Trust Income Fund) and SPRE (SP Funds S&P Global REIT Sharia ETF) are both funds - AMANX is a Large Cap Blend Equities fund managed by Amana, while SPRE is a REIT fund tracking the S&P Global All Equity REIT Shariah Capped Index. Over the past 5 years, AMANX returned 11.22%/yr vs 1.61%/yr for SPRE. A 0.60 correlation means they provide meaningful diversification when combined. AMANX charges 1.01%/yr vs 0.69%/yr for SPRE.

Performance

AMANX vs. SPRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Income Fund (AMANX) and SP Funds S&P Global REIT Sharia ETF (SPRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMANX achieves a 11.71% return, which is significantly higher than SPRE's 7.98% return.

AMANX

• 1D: 1.10%
• 1M: 6.58%
• YTD: 11.71%
• 6M: 11.17%
• 1Y: 23.76%
• 3Y*: 16.26%
• 5Y*: 11.22%
• 10Y*: 12.21%

SPRE

• 1D: 0.10%
• 1M: -0.84%
• YTD: 7.98%
• 6M: 8.40%
• 1Y: 11.05%
• 3Y*: 6.70%
• 5Y*: 1.61%
• 10Y*: —

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

AMANX vs. SPRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMANX Amana Mutual Funds Trust Income Fund	11.71%	16.41%	12.85%	13.60%	-8.86%	22.53%	0.68%
SPRE SP Funds S&P Global REIT Sharia ETF	7.98%	3.07%	2.11%	9.40%	-29.48%	44.78%	0.73%

Correlation

The correlation between AMANX and SPRE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020	0.60

The correlation between AMANX and SPRE shifts across timeframes, from 0.45 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AMANX vs. SPRE — 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: 35
AMANX Martin Ratio Rank: 41

SPRE

SPRE Risk / Return Rank: 24
SPRE Sharpe Ratio Rank: 23
SPRE Sortino Ratio Rank: 23
SPRE Omega Ratio Rank: 22
SPRE Calmar Ratio Rank: 24
SPRE Martin Ratio Rank: 27

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. SPRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Income Fund (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.

	AMANX	SPRE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.84	+1.16
Sortino ratio: Return per unit of downside risk	2.88	1.22	+1.66
Omega ratio: Gain probability vs. loss probability	1.36	1.15	+0.21
Calmar ratio: Return relative to maximum drawdown	2.24	1.15	+1.09
Martin ratio: Return relative to average drawdown	8.83	3.91	+4.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMANX vs. SPRE - Sharpe Ratio Comparison

The current AMANX Sharpe Ratio is 2.00, which is higher than the SPRE Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of AMANX and SPRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMANX	SPRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	0.84	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.09	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.25	+0.37

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.

Drawdown Indicators

	AMANX	SPRE	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-12.33%	+12.33%
Average Drawdown Average peak-to-trough decline	-6.00%	-17.92%	+11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.83%	-0.03%

Volatility

AMANX vs. SPRE - Volatility Comparison

The current volatility for Amana Mutual Funds Trust Income Fund (AMANX) is 3.39%, while SP Funds S&P Global REIT Sharia ETF (SPRE) has a volatility of 3.80%. This indicates that AMANX experiences smaller price fluctuations and is considered to be less risky than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMANX	SPRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.80%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	9.58%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	13.21%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	18.74%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	18.41%	-2.47%

AMANX vs. SPRE - Expense Ratio Comparison

AMANX has a 1.01% expense ratio, which is higher than SPRE's 0.69% expense ratio.

Dividends

AMANX vs. SPRE - Dividend Comparison

AMANX's dividend yield for the trailing twelve months is around 4.84%, more than SPRE's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMANX Amana Mutual Funds Trust Income Fund	4.84%	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	3.86%	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

Can I hold both AMANX and SPRE in my portfolio?

AMANX and SPRE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMANX or SPRE?

SPRE has higher volatility (3.80%) compared to AMANX (3.39%). In terms of maximum drawdown, AMANX dropped -37.82% vs SPRE's -38.34%.

Which has better risk-adjusted returns?

AMANX currently has the higher Sharpe Ratio (2.00 vs 0.84), 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.