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
Returns By Period
The year-to-date returns for both investments are quite close, with HLAL having a 15.55% return and AMAGX slightly higher at 16.31%.
HLAL
15.55%
0.65%
7.63%
19.86%
15.96%
N/A
AMAGX
16.31%
-1.07%
4.74%
21.62%
13.80%
8.96%
Key characteristics
| HLAL | AMAGX | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.47 |
| Sortino Ratio | 2.12 | 2.06 |
| Omega Ratio | 1.29 | 1.27 |
| Calmar Ratio | 2.21 | 2.04 |
| Martin Ratio | 8.25 | 7.20 |
| Ulcer Index | 2.48% | 3.09% |
| Daily Std Dev | 12.92% | 15.09% |
| Max Drawdown | -33.57% | -57.64% |
| Current Drawdown | -1.26% | -3.11% |
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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.
Correlation
The correlation between HLAL and AMAGX 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.
Risk-Adjusted Performance
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.
Dividends
HLAL vs. AMAGX - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.70%, more than AMAGX's 0.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAGX Amana Mutual Funds Trust Growth Fund | 0.13% | 0.16% | 0.17% | 0.07% | 0.22% | 0.36% | 0.47% | 0.49% | 0.75% | 0.54% | 0.37% | 0.60% |
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. For additional features, visit the drawdowns tool.
Volatility
HLAL vs. AMAGX - Volatility Comparison
Wahed FTSE USA Shariah ETF (HLAL) and Amana Mutual Funds Trust Growth Fund (AMAGX) have volatilities of 4.36% and 4.16%, 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.