AMIGX vs. HLAL

Last updated Apr 1, 2026

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.

Performance

AMIGX vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amana Growth Fund (AMIGX) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

AMIGX vs. HLAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AMIGX Amana Growth Fund	-6.50%	17.89%	16.01%	26.00%	-19.30%	31.80%	32.97%	8.09%
HLAL Wahed FTSE USA Shariah ETF	-4.25%	18.30%	16.70%	30.13%	-17.56%	28.64%	24.65%	10.96%

Returns By Period

In the year-to-date period, AMIGX achieves a -6.50% return, which is significantly lower than HLAL's -4.25% return.

AMIGX

• 1D: -0.84%
• 1M: -9.81%
• YTD: -6.50%
• 6M: -3.93%
• 1Y: 20.14%
• 3Y*: 14.34%
• 5Y*: 10.58%
• 10Y*: 15.59%

HLAL

• 1D: 3.24%
• 1M: -5.69%
• YTD: -4.25%
• 6M: 0.23%
• 1Y: 22.13%
• 3Y*: 15.73%
• 5Y*: 11.68%
• 10Y*: —

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

AMIGX vs. HLAL - Expense Ratio Comparison

AMIGX has a 0.67% expense ratio, which is higher than HLAL's 0.50% expense ratio.

AMIGX

Amana Growth Fund

HLAL

Wahed FTSE USA Shariah ETF

Return for Risk

AMIGX vs. HLAL — Risk / Return Rank

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

AMIGX

AMIGX Risk / Return Rank: 63
AMIGX Sharpe Ratio Rank: 58
AMIGX Sortino Ratio Rank: 62
AMIGX Omega Ratio Rank: 57
AMIGX Calmar Ratio Rank: 68
AMIGX Martin Ratio Rank: 69

HLAL

HLAL Risk / Return Rank: 73
HLAL Sharpe Ratio Rank: 68
HLAL Sortino Ratio Rank: 73
HLAL Omega Ratio Rank: 73
HLAL Calmar Ratio Rank: 71
HLAL Martin Ratio Rank: 78

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.

AMIGX vs. HLAL - Risk-Adjusted Trends 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.

	AMIGX	HLAL	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.14	-0.11
Sortino ratio Return per unit of downside risk	1.56	1.76	-0.19
Omega ratio Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio Return relative to maximum drawdown	1.54	1.72	-0.18
Martin ratio Return relative to average drawdown	6.53	7.90	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMIGX vs. HLAL - Sharpe Ratio Comparison

The current AMIGX Sharpe Ratio is 1.03, which is comparable to the HLAL Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of AMIGX and HLAL, 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

	AMIGX	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.14	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.67	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.73	+0.07

Correlation

The correlation between AMIGX and HLAL is 0.91, 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

AMIGX vs. HLAL - Dividend Comparison

AMIGX's dividend yield for the trailing twelve months is around 0.20%, less than HLAL's 0.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMIGX Amana Growth Fund	0.20%	0.19%	4.02%	0.82%	3.88%	0.74%	5.42%	3.37%	3.61%	11.11%	13.79%	7.61%
HLAL Wahed FTSE USA Shariah ETF	0.55%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%	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.

Drawdown Indicators

	AMIGX	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-27.95%	-33.57%	+5.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-13.15%	+1.30%
Max Drawdown (5Y) Largest decline over 5 years	-27.95%	-23.18%	-4.77%
Max Drawdown (10Y) Largest decline over 10 years	-27.95%	—	—
Current Drawdown Current decline from peak	-11.03%	-7.30%	-3.73%
Average Drawdown Average peak-to-trough decline	-4.56%	-5.10%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.86%	-0.06%

Volatility

AMIGX vs. HLAL - Volatility Comparison

Amana Growth Fund (AMIGX) and Wahed FTSE USA Shariah ETF (HLAL) have volatilities of 5.96% and 5.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMIGX	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	5.80%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	10.12%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	19.52%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	17.52%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	20.33%	-2.05%