NOIEX vs. AMAGX
Compare and contrast key facts about Northern Income Equity Fund (NOIEX) and Amana Mutual Funds Trust Growth Fund (AMAGX).
NOIEX is managed by Northern Funds. It was launched on Mar 31, 1994. 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: NOIEX or AMAGX.
Performance
NOIEX vs. AMAGX - Performance Comparison
Returns By Period
In the year-to-date period, NOIEX achieves a 24.49% return, which is significantly higher than AMAGX's 15.28% return. Over the past 10 years, NOIEX has outperformed AMAGX with an annualized return of 12.25%, while AMAGX has yielded a comparatively lower 8.89% annualized return.
NOIEX
24.49%
-0.44%
11.74%
38.41%
15.52%
12.25%
AMAGX
15.28%
-2.52%
3.24%
20.93%
13.61%
8.89%
Key characteristics
| NOIEX | AMAGX | |
|---|---|---|
| Sharpe Ratio | 2.99 | 1.45 |
| Sortino Ratio | 4.48 | 2.04 |
| Omega Ratio | 1.61 | 1.26 |
| Calmar Ratio | 5.74 | 2.01 |
| Martin Ratio | 24.24 | 7.14 |
| Ulcer Index | 1.60% | 3.08% |
| Daily Std Dev | 12.97% | 15.10% |
| Max Drawdown | -45.66% | -57.64% |
| Current Drawdown | -1.74% | -3.98% |
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NOIEX vs. AMAGX - Expense Ratio Comparison
NOIEX has a 0.49% expense ratio, which is lower than AMAGX's 0.91% expense ratio.
Correlation
The correlation between NOIEX and AMAGX is 0.81, 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.
Risk-Adjusted Performance
NOIEX vs. AMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Income Equity Fund (NOIEX) 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
NOIEX vs. AMAGX - Dividend Comparison
NOIEX's dividend yield for the trailing twelve months is around 5.63%, more than AMAGX's 0.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOIEX Northern Income Equity Fund | 5.63% | 7.03% | 5.41% | 14.43% | 7.67% | 8.58% | 15.73% | 7.56% | 3.02% | 5.57% | 35.65% | 4.99% |
AMAGX Amana Mutual Funds Trust Growth Fund | 0.13% | 0.16% | 0.17% | 0.07% | 0.22% | 0.36% | 0.47% | 0.49% | 0.75% | 0.54% | 0.37% | 0.60% |
Drawdowns
NOIEX vs. AMAGX - Drawdown Comparison
The maximum NOIEX drawdown since its inception was -45.66%, smaller than the maximum AMAGX drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for NOIEX and AMAGX. For additional features, visit the drawdowns tool.
Volatility
NOIEX vs. AMAGX - Volatility Comparison
The current volatility for Northern Income Equity Fund (NOIEX) is 3.34%, while Amana Mutual Funds Trust Growth Fund (AMAGX) has a volatility of 4.19%. This indicates that NOIEX experiences smaller price fluctuations and is considered to be less risky than AMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.