MNZL vs. AMIGX
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 suggests significant overlap in exposure. MNZL charges 0.40%/yr vs 0.67%/yr for AMIGX.
Performance
MNZL vs. AMIGX - Performance Comparison
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Returns By Period
In the year-to-date period, MNZL achieves a 19.41% return, which is significantly higher than AMIGX's 16.44% return.
MNZL
- 1D
- 1.42%
- 1M
- 10.63%
- YTD
- 19.41%
- 6M
- 18.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMIGX
- 1D
- 0.99%
- 1M
- 6.07%
- YTD
- 16.44%
- 6M
- 15.34%
- 1Y
- 37.54%
- 3Y*
- 21.76%
- 5Y*
- 14.44%
- 10Y*
- 17.87%
MNZL vs. AMIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 19.41% | 2.90% |
AMIGX Amana Growth Fund | 16.44% | 0.95% |
Correlation
The correlation between MNZL and AMIGX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.89 |
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Return for Risk
MNZL vs. AMIGX — Risk / Return Rank
MNZL
AMIGX
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MNZL | AMIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.38 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.07 | 0.90 | +2.16 |
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.
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Drawdown Indicators
| MNZL | AMIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -4.52% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.47% | — |
Volatility
MNZL vs. AMIGX - Volatility Comparison
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Volatility by Period
| MNZL | AMIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 16.11% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 18.40% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 18.43% | -2.66% |
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 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMIGX Amana Growth Fund | 0.16% | 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
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.
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