IFPUX vs. AMFEX
IFPUX (Independent Franchise Partners US Equity Fund) and AMFEX (AAMA Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, IFPUX returned 11.05%/yr vs 10.69%/yr for AMFEX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IFPUX charges 0.68%/yr vs 1.17%/yr for AMFEX.
Performance
IFPUX vs. AMFEX - Performance Comparison
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Returns By Period
In the year-to-date period, IFPUX achieves a -0.73% return, which is significantly lower than AMFEX's 13.57% return.
IFPUX
- 1D
- -1.68%
- 1M
- 3.29%
- 6M
- -0.64%
- YTD
- -0.73%
- 1Y
- 8.78%
- 3Y*
- 16.31%
- 5Y*
- 11.05%
- 10Y*
- 12.86%
- ALL TIME*
- 12.25%
AMFEX
- 1D
- 0.80%
- 1M
- 0.71%
- 6M
- 8.82%
- YTD
- 13.57%
- 1Y
- 24.69%
- 3Y*
- 16.86%
- 5Y*
- 10.69%
- 10Y*
- —
- ALL TIME*
- 12.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMFEX AAMA Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
IFPUX vs. AMFEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IFPUX Independent Franchise Partners US Equity Fund | -0.73% | 28.47% | 21.80% | 21.19% | -10.77% | 16.17% | 19.09% | 35.20% | -10.20% |
AMFEX AAMA Equity Fund | 13.57% | 17.33% | 16.28% | 17.32% | -14.08% | 22.58% | 12.70% | 24.62% | -9.60% |
Correlation
The correlation between IFPUX and AMFEX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018 | 0.77 |
Over the past year, the correlation between IFPUX and AMFEX has dropped to 0.36 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
IFPUX vs. AMFEX — Risk / Return Rank
IFPUX
AMFEX
IFPUX vs. AMFEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Franchise Partners US Equity Fund (IFPUX) and AAMA Equity Fund (AMFEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IFPUX | AMFEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.69 | -2.98 |
| Martin ratioReturn relative to average drawdown | 1.56 | 15.37 | -13.81 |
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Drawdowns
IFPUX vs. AMFEX - Drawdown Comparison
The maximum IFPUX drawdown since its inception was -27.73%, smaller than the maximum AMFEX drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for IFPUX and AMFEX.
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Drawdown Indicators
| IFPUX | AMFEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -30.41% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -6.07% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -15.23% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -21.21% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -27.73% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -0.42% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.24% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 1.46% | +4.05% |
Volatility
IFPUX vs. AMFEX - Volatility Comparison
Independent Franchise Partners US Equity Fund (IFPUX) has a higher volatility of 6.26% compared to AAMA Equity Fund (AMFEX) at 2.37%. This indicates that IFPUX's price experiences larger fluctuations and is considered to be riskier than AMFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFPUX | AMFEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.37% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 7.74% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 10.10% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 14.22% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 16.84% | +0.33% |
IFPUX vs. AMFEX - Expense Ratio Comparison
IFPUX has a 0.68% expense ratio, which is lower than AMFEX's 1.17% expense ratio.
Dividends
IFPUX vs. AMFEX - Dividend Comparison
IFPUX's dividend yield for the trailing twelve months is around 9.88%, less than AMFEX's 10.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMFEX AAMA Equity Fund | 10.56% | 11.99% | 9.19% | 0.92% | 4.82% | 0.22% | 0.44% | 0.78% | 0.83% | 0.00% | 0.00% |
IFPUX Independent Franchise Partners US Equity Fund | 9.88% | 9.81% | 20.93% | 8.24% | 16.77% | 5.50% | 12.63% | 11.08% | 8.13% | 1.35% | 3.74% |
Frequently Asked Questions
IFPUX and AMFEX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFPUX has higher volatility (6.26%) compared to AMFEX (2.37%). In terms of maximum drawdown, IFPUX dropped -27.73% vs AMFEX's -30.41%.
AMFEX currently has the higher Sharpe Ratio (2.22 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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