IMANX vs. ADJEX
Compare and contrast key facts about Iman Fund (IMANX) and Azzad Ethical Fund (ADJEX).
IMANX is managed by Allied Asset. It was launched on Jun 30, 2000. ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMANX or ADJEX.
Key characteristics
| IMANX | ADJEX | |
|---|---|---|
| YTD Return | 22.70% | 5.84% |
| 1Y Return | 29.08% | 15.59% |
| 3Y Return (Ann) | -3.21% | -7.56% |
| 5Y Return (Ann) | 2.95% | 2.68% |
| 10Y Return (Ann) | 3.13% | 3.16% |
| Sharpe Ratio | 1.92 | 0.93 |
| Sortino Ratio | 2.64 | 1.37 |
| Omega Ratio | 1.35 | 1.17 |
| Calmar Ratio | 0.95 | 0.50 |
| Martin Ratio | 10.71 | 3.62 |
| Ulcer Index | 2.71% | 4.48% |
| Daily Std Dev | 15.06% | 17.41% |
| Max Drawdown | -56.36% | -57.92% |
| Current Drawdown | -10.10% | -21.84% |
Correlation
The correlation between IMANX and ADJEX 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.
Performance
IMANX vs. ADJEX - Performance Comparison
In the year-to-date period, IMANX achieves a 22.70% return, which is significantly higher than ADJEX's 5.84% return. Both investments have delivered pretty close results over the past 10 years, with IMANX having a 3.13% annualized return and ADJEX not far ahead at 3.16%. 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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IMANX vs. ADJEX - Expense Ratio Comparison
IMANX has a 1.28% expense ratio, which is higher than ADJEX's 0.99% expense ratio.
Risk-Adjusted Performance
IMANX vs. ADJEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iman Fund (IMANX) and Azzad Ethical Fund (ADJEX). 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
IMANX vs. ADJEX - Dividend Comparison
Neither IMANX nor ADJEX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMANX Iman Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% | 0.03% | 0.00% | 0.00% | 0.00% |
ADJEX Azzad Ethical Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 9.18% | 11.64% |
Drawdowns
IMANX vs. ADJEX - Drawdown Comparison
The maximum IMANX drawdown since its inception was -56.36%, roughly equal to the maximum ADJEX drawdown of -57.92%. Use the drawdown chart below to compare losses from any high point for IMANX and ADJEX. For additional features, visit the drawdowns tool.
Volatility
IMANX vs. ADJEX - Volatility Comparison
The current volatility for Iman Fund (IMANX) is 3.77%, while Azzad Ethical Fund (ADJEX) has a volatility of 4.75%. This indicates that IMANX experiences smaller price fluctuations and is considered to be less risky than ADJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.