PSET vs. AMAGX

Last updated Jun 23, 2026

PSET (Principal Quality ETF) and AMAGX (Amana Growth Fund Investor Shares) are both Large Cap Growth Equities funds. PSET is passively managed, while AMAGX is actively managed. Over the past 10 years, PSET returned 12.57%/yr vs 17.59%/yr for AMAGX. A 0.69 correlation means they provide meaningful diversification when combined. PSET charges 0.15%/yr vs 0.86%/yr for AMAGX.

Performance

PSET vs. AMAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Quality ETF (PSET) and Amana Growth Fund Investor Shares (AMAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSET achieves a -1.95% return, which is significantly lower than AMAGX's 14.81% return. Over the past 10 years, PSET has underperformed AMAGX with an annualized return of 12.57%, while AMAGX has yielded a comparatively higher 17.59% annualized return.

PSET

• 1D: -0.76%
• 1M: -1.04%
• YTD: -1.95%
• 6M: -2.53%
• 1Y: 6.76%
• 3Y*: 11.66%
• 5Y*: 8.30%
• 10Y*: 12.57%

AMAGX

• 1D: 1.65%
• 1M: 1.18%
• YTD: 14.81%
• 6M: 15.02%
• 1Y: 34.39%
• 3Y*: 19.60%
• 5Y*: 13.63%
• 10Y*: 17.59%

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

PSET vs. AMAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSET Principal Quality ETF	-1.95%	7.27%	17.65%	24.07%	-16.52%	29.59%	16.20%	34.85%	-2.29%	24.63%
AMAGX Amana Growth Fund Investor Shares	14.81%	17.62%	15.73%	25.67%	-19.49%	31.51%	32.93%	33.09%	2.47%	28.91%

Correlation

The correlation between PSET and AMAGX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 22, 2016	0.69

The correlation between PSET and AMAGX shifts across timeframes, from 0.69 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PSET vs. AMAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSET

PSET Risk / Return Rank: 16
PSET Sharpe Ratio Rank: 17
PSET Sortino Ratio Rank: 15
PSET Omega Ratio Rank: 15
PSET Calmar Ratio Rank: 15
PSET Martin Ratio Rank: 17

AMAGX

AMAGX Risk / Return Rank: 59
AMAGX Sharpe Ratio Rank: 55
AMAGX Sortino Ratio Rank: 50
AMAGX Omega Ratio Rank: 49
AMAGX Calmar Ratio Rank: 69
AMAGX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSET vs. AMAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Quality ETF (PSET) and Amana Growth Fund Investor Shares (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.

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.

	PSET	AMAGX	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.00	-1.48
Sortino ratio: Return per unit of downside risk	0.81	2.74	-1.93
Omega ratio: Gain probability vs. loss probability	1.10	1.35	-0.25
Calmar ratio: Return relative to maximum drawdown	0.52	3.07	-2.54
Martin ratio: Return relative to average drawdown	1.74	13.16	-11.42

PSET vs. AMAGX - Sharpe Ratio Comparison

The current PSET Sharpe Ratio is 0.52, which is lower than the AMAGX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of PSET and AMAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSET vs. AMAGX - Drawdown Comparison

The maximum PSET drawdown since its inception was -34.74%, smaller than the maximum AMAGX drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for PSET and AMAGX.

Drawdown Indicators

	PSET	AMAGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-57.64%	+22.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-11.04%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-21.96%	-21.45%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-28.09%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-34.74%	-28.09%	-6.65%
Current Drawdown Current decline from peak	-4.03%	-2.21%	-1.82%
Average Drawdown Average peak-to-trough decline	-4.58%	-10.26%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	2.57%	+1.32%

Volatility

PSET vs. AMAGX - Volatility Comparison

The current volatility for Principal Quality ETF (PSET) is 4.26%, while Amana Growth Fund Investor Shares (AMAGX) has a volatility of 6.35%. This indicates that PSET 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.

Volatility by Period

	PSET	AMAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	6.35%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	13.88%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	16.90%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	18.55%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	18.50%	-0.39%

PSET vs. AMAGX - Expense Ratio Comparison

PSET has a 0.15% expense ratio, which is lower than AMAGX's 0.86% expense ratio.

Dividends

PSET vs. AMAGX - Dividend Comparison

PSET's dividend yield for the trailing twelve months is around 0.64%, while AMAGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAGX Amana Growth Fund Investor Shares	0.00%	0.00%	3.95%	0.65%	3.64%	0.52%	5.44%	3.15%	3.47%	10.90%	13.67%	7.45%
PSET Principal Quality ETF	0.64%	0.59%	0.69%	0.85%	1.47%	0.89%	1.09%	1.52%	1.33%	1.02%	1.26%	0.00%

Frequently Asked Questions

Can I hold both PSET and AMAGX in my portfolio?

PSET and AMAGX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSET or AMAGX?

AMAGX has higher volatility (6.35%) compared to PSET (4.26%). In terms of maximum drawdown, PSET dropped -34.74% vs AMAGX's -57.64%.

Which has better risk-adjusted returns?

AMAGX currently has the higher Sharpe Ratio (2.00 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.