AMANX vs. WISEX

Last updated Jun 23, 2026

AMANX (Amana Mutual Funds Trust Income Fund) and WISEX (Azzad Wise Capital Fund) are both mutual funds - AMANX is a Large Cap Blend Equities fund managed by Amana, while WISEX is a Short-Term Bond fund managed by Azzad Fund. Over the past 10 years, AMANX returned 12.20%/yr vs 2.41%/yr for WISEX. A 0.61 correlation means they provide meaningful diversification when combined. AMANX charges 1.01%/yr vs 0.89%/yr for WISEX.

Performance

AMANX vs. WISEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Income Fund (AMANX) and Azzad Wise Capital Fund (WISEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMANX achieves a 11.87% return, which is significantly higher than WISEX's 0.70% return. Over the past 10 years, AMANX has outperformed WISEX with an annualized return of 12.20%, while WISEX has yielded a comparatively lower 2.41% annualized return.

AMANX

• 1D: 1.75%
• 1M: 3.16%
• YTD: 11.87%
• 6M: 11.90%
• 1Y: 23.59%
• 3Y*: 15.07%
• 5Y*: 11.61%
• 10Y*: 12.20%

WISEX

• 1D: 0.00%
• 1M: 0.51%
• YTD: 0.70%
• 6M: 0.74%
• 1Y: 3.65%
• 3Y*: 4.21%
• 5Y*: 2.39%
• 10Y*: 2.41%

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

AMANX vs. WISEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMANX Amana Mutual Funds Trust Income Fund	11.87%	16.41%	12.85%	13.60%	-8.86%	22.53%	13.98%	25.31%	-5.17%	21.67%
WISEX Azzad Wise Capital Fund	0.70%	5.29%	4.53%	3.90%	-3.37%	1.99%	3.52%	5.23%	-0.08%	2.68%

Correlation

The correlation between AMANX and WISEX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010	0.61

The correlation between AMANX and WISEX shifts across timeframes, from 0.50 (1 year) to 0.67 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

AMANX vs. WISEX — Risk / Return Rank

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

AMANX

AMANX Risk / Return Rank: 40
AMANX Sharpe Ratio Rank: 42
AMANX Sortino Ratio Rank: 43
AMANX Omega Ratio Rank: 41
AMANX Calmar Ratio Rank: 33
AMANX Martin Ratio Rank: 39

WISEX

WISEX Risk / Return Rank: 67
WISEX Sharpe Ratio Rank: 90
WISEX Sortino Ratio Rank: 93
WISEX Omega Ratio Rank: 93
WISEX Calmar Ratio Rank: 29
WISEX Martin Ratio Rank: 29

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. WISEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Income Fund (AMANX) and Azzad Wise Capital Fund (WISEX). 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	WISEX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.75	-0.99
Sortino ratio: Return per unit of downside risk	2.53	4.36	-1.82
Omega ratio: Gain probability vs. loss probability	1.32	1.68	-0.37
Calmar ratio: Return relative to maximum drawdown	2.06	1.91	+0.15
Martin ratio: Return relative to average drawdown	8.07	6.32	+1.75

AMANX vs. WISEX - Sharpe Ratio Comparison

The current AMANX Sharpe Ratio is 1.76, which is lower than the WISEX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of AMANX and WISEX, 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. WISEX - Drawdown Comparison

The maximum AMANX drawdown since its inception was -37.82%, which is greater than WISEX's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for AMANX and WISEX.

Drawdown Indicators

	AMANX	WISEX	Difference
Max Drawdown Largest peak-to-trough decline	-37.82%	-5.28%	-32.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-1.92%	-9.11%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-1.92%	-13.50%
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	-5.28%	-13.91%
Max Drawdown (10Y) Largest decline over 10 years	-31.48%	-5.28%	-26.20%
Current Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-5.99%	-0.66%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	0.58%	+2.22%

Volatility

AMANX vs. WISEX - Volatility Comparison

Amana Mutual Funds Trust Income Fund (AMANX) has a higher volatility of 4.67% compared to Azzad Wise Capital Fund (WISEX) at 0.45%. This indicates that AMANX's price experiences larger fluctuations and is considered to be riskier than WISEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMANX	WISEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	0.45%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	1.13%	+9.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	1.33%	+11.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	1.54%	+12.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	1.65%	+14.33%

AMANX vs. WISEX - Expense Ratio Comparison

AMANX has a 1.01% expense ratio, which is higher than WISEX's 0.89% expense ratio.

Dividends

AMANX vs. WISEX - Dividend Comparison

AMANX's dividend yield for the trailing twelve months is around 4.83%, more than WISEX's 3.61% 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%
WISEX Azzad Wise Capital Fund	3.61%	3.56%	3.59%	2.20%	1.54%	1.42%	1.31%	1.84%	1.66%	1.11%	0.99%	0.47%

Frequently Asked Questions

Can I hold both AMANX and WISEX in my portfolio?

AMANX and WISEX have a correlation of 0.50, 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 WISEX?

AMANX has higher volatility (4.67%) compared to WISEX (0.45%). In terms of maximum drawdown, AMANX dropped -37.82% vs WISEX's -5.28%.

Which has better risk-adjusted returns?

WISEX currently has the higher Sharpe Ratio (2.75 vs 1.76), 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.