Correlation
The correlation between SPSK and AMAPX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SPSK vs. AMAPX
Compare and contrast key facts about SP Funds Dow Jones Global Sukuk ETF (SPSK) and Amana Participation Fund (AMAPX).
SPSK is a passively managed fund by Toroso Investments that tracks the performance of the Dow Jones Sukuk Total Return (No Coupon Reinvestment). It was launched on Dec 30, 2019. AMAPX is managed by Amana. It was launched on Sep 27, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSK or AMAPX.
Performance
SPSK vs. AMAPX - Performance Comparison
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Key characteristics
SPSK:
0.85
AMAPX:
2.50
SPSK:
1.11
AMAPX:
3.70
SPSK:
1.13
AMAPX:
1.61
SPSK:
0.81
AMAPX:
1.43
SPSK:
4.18
AMAPX:
8.25
SPSK:
1.21%
AMAPX:
0.62%
SPSK:
6.76%
AMAPX:
2.17%
SPSK:
-12.83%
AMAPX:
-7.47%
SPSK:
-0.72%
AMAPX:
-0.92%
Returns By Period
In the year-to-date period, SPSK achieves a 1.97% return, which is significantly higher than AMAPX's 0.99% return.
SPSK
1.97%
-0.38%
1.69%
5.69%
2.42%
0.77%
N/A
AMAPX
0.99%
-0.69%
0.91%
5.37%
2.18%
1.39%
N/A
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SPSK vs. AMAPX - Expense Ratio Comparison
SPSK has a 0.65% expense ratio, which is lower than AMAPX's 0.78% expense ratio.
Risk-Adjusted Performance
SPSK vs. AMAPX — Risk-Adjusted Performance Rank
SPSK
AMAPX
SPSK vs. AMAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and Amana Participation Fund (AMAPX). 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.
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Dividends
SPSK vs. AMAPX - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 3.50%, more than AMAPX's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | 3.50% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAPX Amana Participation Fund | 3.23% | 3.15% | 2.62% | 1.60% | 1.55% | 1.96% | 2.45% | 2.61% | 2.14% | 2.14% |
Drawdowns
SPSK vs. AMAPX - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, which is greater than AMAPX's maximum drawdown of -7.47%. Use the drawdown chart below to compare losses from any high point for SPSK and AMAPX.
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Volatility
SPSK vs. AMAPX - Volatility Comparison
SP Funds Dow Jones Global Sukuk ETF (SPSK) has a higher volatility of 1.36% compared to Amana Participation Fund (AMAPX) at 0.82%. This indicates that SPSK's price experiences larger fluctuations and is considered to be riskier than AMAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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