MVV vs. AMAGX
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and Amana Mutual Funds Trust Growth Fund (AMAGX).
MVV is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (200%). It was launched on Jun 21, 2006. 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: MVV or AMAGX.
Key characteristics
| MVV | AMAGX | |
|---|---|---|
| YTD Return | 16.57% | 11.61% |
| 1Y Return | 48.37% | 30.36% |
| 3Y Return (Ann) | 1.65% | 11.33% |
| 5Y Return (Ann) | 12.58% | 17.44% |
| 10Y Return (Ann) | 12.80% | 15.34% |
| Sharpe Ratio | 1.40 | 2.21 |
| Daily Std Dev | 31.53% | 13.43% |
| Max Drawdown | -85.54% | -57.64% |
| Current Drawdown | -7.61% | -0.04% |
Correlation
The correlation between MVV and AMAGX is 0.85, 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
MVV vs. AMAGX - Performance Comparison
In the year-to-date period, MVV achieves a 16.57% return, which is significantly higher than AMAGX's 11.61% return. Over the past 10 years, MVV has underperformed AMAGX with an annualized return of 12.80%, while AMAGX has yielded a comparatively higher 15.34% annualized return. 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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MVV vs. AMAGX - Expense Ratio Comparison
MVV has a 0.95% expense ratio, which is higher than AMAGX's 0.91% expense ratio.
Risk-Adjusted Performance
MVV vs. AMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) 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
MVV vs. AMAGX - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.53%, less than AMAGX's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.53% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% | 0.00% | 0.00% |
AMAGX Amana Mutual Funds Trust Growth Fund | 0.58% | 0.65% | 3.64% | 0.52% | 5.44% | 3.15% | 3.47% | 10.90% | 13.67% | 7.45% | 6.50% | 3.22% |
Drawdowns
MVV vs. AMAGX - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, which is greater than AMAGX's maximum drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for MVV and AMAGX. For additional features, visit the drawdowns tool.
Volatility
MVV vs. AMAGX - Volatility Comparison
ProShares Ultra Midcap 400 (MVV) has a higher volatility of 7.18% compared to Amana Mutual Funds Trust Growth Fund (AMAGX) at 4.35%. This indicates that MVV's price experiences larger fluctuations and is considered to be riskier than AMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.