AMAPX vs. WISEX
AMAPX (Amana Participation Fund) and WISEX (Azzad Wise Capital Fund) are both mutual funds - AMAPX is a Emerging Markets Bonds fund managed by Amana, while WISEX is a Short-Term Bond fund managed by Azzad Fund. Over the past 10 years, AMAPX returned 1.96%/yr vs 2.35%/yr for WISEX. Their 0.30 correlation means their historical movements had little consistent relationship. AMAPX charges 0.78%/yr vs 0.89%/yr for WISEX.
Performance
AMAPX vs. WISEX - Performance Comparison
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Returns By Period
In the year-to-date period, AMAPX achieves a -0.22% return, which is significantly lower than WISEX's 0.75% return. Over the past 10 years, AMAPX has underperformed WISEX with an annualized return of 1.96%, while WISEX has yielded a comparatively higher 2.35% annualized return.
AMAPX
- 1D
- -0.21%
- 1M
- -0.62%
- 6M
- -0.46%
- YTD
- -0.22%
- 1Y
- 2.21%
- 3Y*
- 3.63%
- 5Y*
- 1.17%
- 10Y*
- 1.96%
- ALL TIME*
- 2.09%
WISEX
- 1D
- -0.07%
- 1M
- -0.16%
- 6M
- 0.38%
- YTD
- 0.75%
- 1Y
- 2.76%
- 3Y*
- 4.05%
- 5Y*
- 2.24%
- 10Y*
- 2.35%
- ALL TIME*
- 2.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AMAPX vs. WISEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMAPX Amana Participation Fund | -0.22% | 5.98% | 3.77% | 2.09% | -5.27% | 0.49% | 5.35% | 6.61% | 0.08% | 2.56% |
WISEX Azzad Wise Capital Fund | 0.75% | 5.29% | 4.53% | 3.90% | -3.37% | 1.99% | 3.52% | 5.23% | -0.08% | 2.68% |
Correlation
The correlation between AMAPX and WISEX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.30 |
Over the past year, AMAPX and WISEX have become more correlated (0.58) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
AMAPX vs. WISEX — Risk / Return Rank
AMAPX
WISEX
AMAPX vs. WISEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amana Participation Fund (AMAPX) 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.
| AMAPX | WISEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.46 | -0.40 |
| Martin ratioReturn relative to average drawdown | 3.26 | 4.74 | -1.48 |
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Drawdowns
AMAPX vs. WISEX - Drawdown Comparison
The maximum AMAPX drawdown since its inception was -7.75%, which is greater than WISEX's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for AMAPX and WISEX.
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Drawdown Indicators
| AMAPX | WISEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -5.28% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -1.92% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.51% | -1.92% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -7.75% | -5.28% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -7.75% | -5.28% | -2.47% |
Current DrawdownCurrent decline from peak | -1.08% | -0.43% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.66% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.59% | +0.23% |
Volatility
AMAPX vs. WISEX - Volatility Comparison
Amana Participation Fund (AMAPX) has a higher volatility of 0.43% compared to Azzad Wise Capital Fund (WISEX) at 0.36%. This indicates that AMAPX'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.
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Volatility by Period
| AMAPX | WISEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.36% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 1.15% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 1.35% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 1.53% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.99% | 1.64% | +0.35% |
AMAPX vs. WISEX - Expense Ratio Comparison
AMAPX has a 0.78% expense ratio, which is lower than WISEX's 0.89% expense ratio.
Dividends
AMAPX vs. WISEX - Dividend Comparison
AMAPX's dividend yield for the trailing twelve months is around 3.46%, less than WISEX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAPX Amana Participation Fund | 3.46% | 3.52% | 3.15% | 2.25% | 1.30% | 1.55% | 1.95% | 2.45% | 2.62% | 2.14% | 2.14% | 0.00% |
WISEX Azzad Wise Capital Fund | 3.59% | 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
AMAPX and WISEX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAPX has higher volatility (0.43%) compared to WISEX (0.36%). In terms of maximum drawdown, AMAPX dropped -7.75% vs WISEX's -5.28%.
WISEX currently has the higher Sharpe Ratio (2.09 vs 1.20), 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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