SAMT vs. MNZL
SAMT (Strategas Macro Thematic Opportunities ETF) and MNZL (Manzil Russell Halal USA Broad Market ETF) are both Large Cap Blend Equities funds. SAMT is actively managed, while MNZL is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. SAMT charges 0.66%/yr vs 0.40%/yr for MNZL.
Performance
SAMT vs. MNZL - Performance Comparison
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Returns By Period
In the year-to-date period, SAMT achieves a 21.09% return, which is significantly higher than MNZL's 18.20% return.
SAMT
- 1D
- 0.69%
- 1M
- 6.23%
- YTD
- 21.09%
- 6M
- 24.25%
- 1Y
- 43.25%
- 3Y*
- 29.20%
- 5Y*
- —
- 10Y*
- —
MNZL
- 1D
- -1.04%
- 1M
- 8.16%
- YTD
- 18.20%
- 6M
- 16.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAMT vs. MNZL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SAMT Strategas Macro Thematic Opportunities ETF | 21.09% | 5.58% |
MNZL Manzil Russell Halal USA Broad Market ETF | 18.20% | 2.90% |
Correlation
The correlation between SAMT and MNZL is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.73 |
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Return for Risk
SAMT vs. MNZL — Risk / Return Rank
SAMT
MNZL
SAMT vs. MNZL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) and Manzil Russell Halal USA Broad Market ETF (MNZL). 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.
| SAMT | MNZL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | — | — |
| Martin ratioReturn relative to average drawdown | 14.71 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAMT | MNZL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 2.84 | -1.85 |
Drawdowns
SAMT vs. MNZL - Drawdown Comparison
The maximum SAMT drawdown since its inception was -20.57%, which is greater than MNZL's maximum drawdown of -9.66%. Use the drawdown chart below to compare losses from any high point for SAMT and MNZL.
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Drawdown Indicators
| SAMT | MNZL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.57% | -9.66% | -10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.27% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -1.74% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | — | — |
Volatility
SAMT vs. MNZL - Volatility Comparison
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Volatility by Period
| SAMT | MNZL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 15.73% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 15.73% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 15.73% | +1.20% |
SAMT vs. MNZL - Expense Ratio Comparison
SAMT has a 0.66% expense ratio, which is higher than MNZL's 0.40% expense ratio.
Dividends
SAMT vs. MNZL - Dividend Comparison
SAMT's dividend yield for the trailing twelve months is around 0.58%, more than MNZL's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MNZL Manzil Russell Halal USA Broad Market ETF | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% |
SAMT Strategas Macro Thematic Opportunities ETF | 0.58% | 0.70% | 1.40% | 1.49% | 0.73% |
Frequently Asked Questions
SAMT and MNZL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNZL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNZL is cheaper with a 0.40% expense ratio, compared with 0.66% for SAMT.
SAMT has the higher dividend yield at 0.58%, compared with 0.03% for MNZL.
They also come from different issuers: Strategas and Manzil. Their fees differ too: 0.66% for SAMT and 0.40% for MNZL.
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