AMIGX vs. HLAL
Compare and contrast key facts about Amana Growth Fund (AMIGX) and Wahed FTSE USA Shariah ETF (HLAL).
AMIGX is managed by Amana. It was launched on Sep 25, 2013. HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMIGX or HLAL.
Key characteristics
| AMIGX | HLAL | |
|---|---|---|
| YTD Return | 17.32% | 15.99% |
| 1Y Return | 25.37% | 21.90% |
| 3Y Return (Ann) | 7.10% | 9.35% |
| 5Y Return (Ann) | 16.82% | 15.97% |
| Sharpe Ratio | 1.67 | 1.73 |
| Sortino Ratio | 2.32 | 2.30 |
| Omega Ratio | 1.30 | 1.31 |
| Calmar Ratio | 2.29 | 2.38 |
| Martin Ratio | 8.27 | 8.95 |
| Ulcer Index | 3.02% | 2.47% |
| Daily Std Dev | 14.99% | 12.81% |
| Max Drawdown | -27.95% | -33.57% |
| Current Drawdown | -2.39% | -0.89% |
Correlation
The correlation between AMIGX and HLAL is 0.92, 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.
Performance
AMIGX vs. HLAL - Performance Comparison
In the year-to-date period, AMIGX achieves a 17.32% return, which is significantly higher than HLAL's 15.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMIGX vs. HLAL - Expense Ratio Comparison
AMIGX has a 0.67% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
AMIGX vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amana Growth Fund (AMIGX) and Wahed FTSE USA Shariah ETF (HLAL). 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.
Dividends
AMIGX vs. HLAL - Dividend Comparison
AMIGX's dividend yield for the trailing twelve months is around 0.28%, less than HLAL's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMIGX Amana Growth Fund | 0.28% | 0.33% | 0.43% | 0.28% | 0.44% | 0.59% | 0.62% | 0.73% | 0.90% | 0.71% | 0.53% | 0.76% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMIGX vs. HLAL - Drawdown Comparison
The maximum AMIGX drawdown since its inception was -27.95%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for AMIGX and HLAL. For additional features, visit the drawdowns tool.
Volatility
AMIGX vs. HLAL - Volatility Comparison
The current volatility for Amana Growth Fund (AMIGX) is 3.72%, while Wahed FTSE USA Shariah ETF (HLAL) has a volatility of 4.10%. This indicates that AMIGX experiences smaller price fluctuations and is considered to be less risky than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.