AMDWX vs. SPUS

Last updated Apr 1, 2026

Compare and contrast key facts about Amana Mutual Funds Trust Developing World Fund (AMDWX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).

AMDWX is managed by Amana. It was launched on Sep 27, 2009. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019.

Performance

AMDWX vs. SPUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Mutual Funds Trust Developing World Fund (AMDWX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). The values are adjusted to include any dividend payments, if applicable.

AMDWX vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AMDWX Amana Mutual Funds Trust Developing World Fund	4.13%	19.97%	6.93%	13.25%	-17.60%	7.31%	21.26%	0.94%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	-5.55%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.81%

Returns By Period

In the year-to-date period, AMDWX achieves a 4.13% return, which is significantly higher than SPUS's -5.55% return.

AMDWX

• 1D: -1.16%
• 1M: -10.63%
• YTD: 4.13%
• 6M: 12.41%
• 1Y: 30.72%
• 3Y*: 12.49%
• 5Y*: 5.41%
• 10Y*: 6.49%

SPUS

• 1D: 3.24%
• 1M: -5.39%
• YTD: -5.55%
• 6M: -2.24%
• 1Y: 24.49%
• 3Y*: 19.34%
• 5Y*: 13.72%
• 10Y*: —

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

AMDWX vs. SPUS - Expense Ratio Comparison

AMDWX has a 1.14% expense ratio, which is higher than SPUS's 0.49% expense ratio.

AMDWX

Amana Mutual Funds Trust Developing World Fund

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

Return for Risk

AMDWX vs. SPUS — Risk / Return Rank

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

AMDWX

AMDWX Risk / Return Rank: 90
AMDWX Sharpe Ratio Rank: 92
AMDWX Sortino Ratio Rank: 91
AMDWX Omega Ratio Rank: 88
AMDWX Calmar Ratio Rank: 90
AMDWX Martin Ratio Rank: 90

SPUS

SPUS Risk / Return Rank: 76
SPUS Sharpe Ratio Rank: 70
SPUS Sortino Ratio Rank: 75
SPUS Omega Ratio Rank: 74
SPUS Calmar Ratio Rank: 78
SPUS Martin Ratio Rank: 82

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. SPUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amana Mutual Funds Trust Developing World Fund (AMDWX) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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.

	AMDWX	SPUS	Difference
Sharpe ratio Return per unit of total volatility	1.95	1.18	+0.77
Sortino ratio Return per unit of downside risk	2.59	1.80	+0.79
Omega ratio Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio Return relative to maximum drawdown	2.54	1.96	+0.58
Martin ratio Return relative to average drawdown	10.34	8.40	+1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDWX vs. SPUS - Sharpe Ratio Comparison

The current AMDWX Sharpe Ratio is 1.95, which is higher than the SPUS Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of AMDWX and SPUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMDWX	SPUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.18	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.72	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.75	-0.47

Correlation

The correlation between AMDWX and SPUS is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AMDWX vs. SPUS - Dividend Comparison

AMDWX's dividend yield for the trailing twelve months is around 2.69%, more than SPUS's 0.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDWX Amana Mutual Funds Trust Developing World Fund	2.69%	2.80%	0.58%	0.91%	1.03%	1.16%	0.00%	0.37%	0.50%	0.18%	0.28%	0.58%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.63%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AMDWX vs. SPUS - Drawdown Comparison

The maximum AMDWX drawdown since its inception was -28.88%, smaller than the maximum SPUS drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for AMDWX and SPUS.

Drawdown Indicators

	AMDWX	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-28.88%	-30.80%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.36%	-12.76%	+1.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	-28.06%	+1.05%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-11.36%	-7.77%	-3.59%
Average Drawdown Average peak-to-trough decline	-9.07%	-6.35%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.98%	-0.19%

Volatility

AMDWX vs. SPUS - Volatility Comparison

Amana Mutual Funds Trust Developing World Fund (AMDWX) has a higher volatility of 7.41% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 6.04%. This indicates that AMDWX's price experiences larger fluctuations and is considered to be riskier than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDWX	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	6.04%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	11.25%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	20.90%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	19.20%	-5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	21.43%	-7.67%