Correlation
The correlation between HLAL and AMAGX is 0.93, 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.
HLAL vs. AMAGX
Compare and contrast key facts about Wahed FTSE USA Shariah ETF (HLAL) and Amana Mutual Funds Trust Growth Fund (AMAGX).
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. AMAGX is managed by Amana. It was launched on Feb 3, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLAL or AMAGX.
Performance
HLAL vs. AMAGX - Performance Comparison
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Key characteristics
HLAL:
0.32
AMAGX:
0.27
HLAL:
0.48
AMAGX:
0.37
HLAL:
1.07
AMAGX:
1.05
HLAL:
0.22
AMAGX:
0.15
HLAL:
0.76
AMAGX:
0.52
HLAL:
6.29%
AMAGX:
6.38%
HLAL:
20.78%
AMAGX:
21.52%
HLAL:
-33.57%
AMAGX:
-57.64%
HLAL:
-6.78%
AMAGX:
-4.52%
Returns By Period
In the year-to-date period, HLAL achieves a -2.98% return, which is significantly lower than AMAGX's -0.67% return.
HLAL
-2.98%
5.82%
-3.76%
6.61%
10.70%
15.42%
N/A
AMAGX
-0.67%
7.21%
-2.16%
5.72%
12.25%
14.86%
14.06%
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HLAL vs. AMAGX - Expense Ratio Comparison
HLAL has a 0.50% expense ratio, which is lower than AMAGX's 0.91% expense ratio.
Risk-Adjusted Performance
HLAL vs. AMAGX — Risk-Adjusted Performance Rank
HLAL
AMAGX
HLAL vs. AMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and Amana Mutual Funds Trust Growth Fund (AMAGX). 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.
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Dividends
HLAL vs. AMAGX - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.69%, less than AMAGX's 3.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.58% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAGX Amana Mutual Funds Trust Growth Fund | 3.98% | 3.95% | 0.65% | 3.64% | 0.52% | 5.44% | 3.15% | 3.47% | 10.90% | 13.67% | 7.45% | 6.51% |
Drawdowns
HLAL vs. AMAGX - Drawdown Comparison
The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum AMAGX drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for HLAL and AMAGX.
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Volatility
HLAL vs. AMAGX - Volatility Comparison
Wahed FTSE USA Shariah ETF (HLAL) has a higher volatility of 5.44% compared to Amana Mutual Funds Trust Growth Fund (AMAGX) at 5.07%. This indicates that HLAL's price experiences larger fluctuations and is considered to be riskier than AMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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