MNZL vs. AMIGX

Last updated Aug 4, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and AMIGX (Amana Growth Fund) are both funds - MNZL is a Large Cap Blend Equities fund tracking the Russell IdealRatings Manzil Halal USA Broad Market Index, while AMIGX is a Large Cap Growth Equities fund managed by Amana. Their correlation of 0.89 means they have usually moved in the same direction. MNZL charges 0.40%/yr vs 0.67%/yr for AMIGX.

Performance

MNZL vs. AMIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and Amana Growth Fund (AMIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNZL achieves a 13.79% return, which is significantly higher than AMIGX's 11.65% return.

MNZL

• 1D: 0.56%
• 1M: -2.93%
• 6M: 10.33%
• YTD: 13.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AMIGX

• 1D: -0.01%
• 1M: -1.51%
• 6M: 7.84%
• YTD: 11.65%
• 1Y: 25.52%
• 3Y*: 18.09%
• 5Y*: 11.40%
• 10Y*: 17.00%
• ALL TIME*: 15.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMIGX Amana Growth Fund	$0.00	$0.00	$0.00
MNZL Manzil Russell Halal USA Broad Market ETF	$277.07K	$308.68K	$284.48K

MNZL vs. AMIGX - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	13.79%	3.37%
AMIGX Amana Growth Fund	11.65%	2.18%

Correlation

The correlation between MNZL and AMIGX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.89

Return for Risk

MNZL vs. AMIGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MNZL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AMIGX

AMIGX Risk / Return Rank: 51
AMIGX Sharpe Ratio Rank: 46
AMIGX Sortino Ratio Rank: 45
AMIGX Omega Ratio Rank: 42
AMIGX Calmar Ratio Rank: 60
AMIGX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MNZL vs. AMIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and Amana Growth Fund (AMIGX). 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.

	MNZL	AMIGX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.39	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.20	—
Martin ratio: Return relative to average drawdown	—	8.34	—

Drawdowns

MNZL vs. AMIGX - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum AMIGX drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for MNZL and AMIGX.

Drawdown Indicators

	MNZL	AMIGX	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-27.95%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.95%	—
Current Drawdown Current decline from peak	-5.15%	-4.99%	-0.16%
Average Drawdown Average peak-to-trough decline	-2.01%	-4.51%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.91%	—

Volatility

Volatility by Period

	MNZL	AMIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.99%	17.53%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	18.64%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	18.50%	-1.51%

MNZL vs. AMIGX - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is lower than AMIGX's 0.67% expense ratio.

Dividends

MNZL vs. AMIGX - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than AMIGX's 0.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMIGX Amana Growth Fund	0.17%	0.19%	4.02%	0.82%	3.88%	0.74%	5.42%	3.37%	3.61%	11.11%	13.79%	7.61%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNZL and AMIGX in my portfolio?

MNZL and AMIGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.