AMDWX vs. AMINX

Last updated Jun 24, 2026

AMDWX (Amana Mutual Funds Trust Developing World Fund) and AMINX (Amana Income Fund Institutional Class) are both mutual funds - AMDWX is a Emerging Markets Diversified fund managed by Amana, while AMINX is a Dividend fund actively managed by Amana. Over the past 10 years, AMDWX returned 8.43%/yr vs 12.70%/yr for AMINX. A 0.70 correlation means they provide meaningful diversification when combined. AMDWX charges 1.14%/yr vs 0.76%/yr for AMINX.

Performance

AMDWX vs. AMINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Developing World Fund (AMDWX) and Amana Income Fund Institutional Class (AMINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDWX achieves a 24.50% return, which is significantly higher than AMINX's 12.08% return. Over the past 10 years, AMDWX has underperformed AMINX with an annualized return of 8.43%, while AMINX has yielded a comparatively higher 12.70% annualized return.

AMDWX

• 1D: -0.92%
• 1M: 2.01%
• YTD: 24.50%
• 6M: 23.94%
• 1Y: 50.38%
• 3Y*: 18.99%
• 5Y*: 8.82%
• 10Y*: 8.43%

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)

AMDWX vs. AMINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMDWX Amana Mutual Funds Trust Developing World Fund	24.50%	19.97%	6.93%	13.25%	-17.60%	7.31%	21.26%	18.68%	-15.56%	21.39%
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 AMDWX and AMINX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.70

The correlation between AMDWX and AMINX has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

Return for Risk

AMDWX vs. AMINX — Risk / Return Rank

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

AMDWX

AMDWX Risk / Return Rank: 86
AMDWX Sharpe Ratio Rank: 89
AMDWX Sortino Ratio Rank: 79
AMDWX Omega Ratio Rank: 83
AMDWX Calmar Ratio Rank: 91
AMDWX Martin Ratio Rank: 89

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.

AMDWX vs. AMINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Developing World Fund (AMDWX) 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.

	AMDWX	AMINX	Difference
Sharpe ratio: Return per unit of total volatility	2.73	1.87	+0.85
Sortino ratio: Return per unit of downside risk	3.44	2.68	+0.76
Omega ratio: Gain probability vs. loss probability	1.51	1.34	+0.17
Calmar ratio: Return relative to maximum drawdown	4.50	2.19	+2.31
Martin ratio: Return relative to average drawdown	16.01	8.61	+7.40

AMDWX vs. AMINX - Sharpe Ratio Comparison

The current AMDWX Sharpe Ratio is 2.73, which is higher than the AMINX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of AMDWX 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

AMDWX vs. AMINX - Drawdown Comparison

The maximum AMDWX drawdown since its inception was -28.88%, smaller than the maximum AMINX drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for AMDWX and AMINX.

Drawdown Indicators

	AMDWX	AMINX	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-31.45%	+2.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	-11.00%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.18%	-15.34%	-3.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	-19.04%	-7.97%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	-31.45%	+4.03%
Current Drawdown Current decline from peak	-2.77%	0.00%	-2.77%
Average Drawdown Average peak-to-trough decline	-8.99%	-3.63%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.79%	+0.40%

Volatility

AMDWX vs. AMINX - Volatility Comparison

Amana Mutual Funds Trust Developing World Fund (AMDWX) has a higher volatility of 9.22% compared to Amana Income Fund Institutional Class (AMINX) at 4.62%. This indicates that AMDWX's price experiences larger fluctuations and is considered to be riskier than AMINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDWX	AMINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	4.62%	+4.60%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	10.50%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	12.90%	+5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	14.01%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.31%	15.99%	-1.68%

AMDWX vs. AMINX - Expense Ratio Comparison

AMDWX has a 1.14% expense ratio, which is higher than AMINX's 0.76% expense ratio.

Dividends

AMDWX vs. AMINX - Dividend Comparison

AMDWX's dividend yield for the trailing twelve months is around 2.25%, less than AMINX's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDWX Amana Mutual Funds Trust Developing World Fund	2.25%	2.80%	0.58%	0.91%	1.03%	1.16%	0.00%	0.37%	0.50%	0.18%	0.28%	0.58%
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 AMDWX and AMINX in my portfolio?

AMDWX and AMINX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDWX or AMINX?

AMDWX has higher volatility (9.22%) compared to AMINX (4.62%). In terms of maximum drawdown, AMDWX dropped -28.88% vs AMINX's -31.45%.

Which has better risk-adjusted returns?

AMDWX currently has the higher Sharpe Ratio (2.73 vs 1.87), 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.