Correlation
The correlation between WIREX and AMAGX is 0.82, 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.
WIREX vs. AMAGX
Compare and contrast key facts about Wireless Fund (WIREX) and Amana Mutual Funds Trust Growth Fund (AMAGX).
WIREX is managed by Wireless. It was launched on Apr 3, 2000. 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: WIREX or AMAGX.
Performance
WIREX vs. AMAGX - Performance Comparison
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Key characteristics
WIREX:
0.25
AMAGX:
0.27
WIREX:
0.45
AMAGX:
0.37
WIREX:
1.06
AMAGX:
1.05
WIREX:
0.19
AMAGX:
0.15
WIREX:
0.54
AMAGX:
0.52
WIREX:
9.42%
AMAGX:
6.38%
WIREX:
30.12%
AMAGX:
21.52%
WIREX:
-92.02%
AMAGX:
-57.64%
WIREX:
-8.22%
AMAGX:
-4.52%
Returns By Period
In the year-to-date period, WIREX achieves a -3.34% return, which is significantly lower than AMAGX's -0.67% return. Over the past 10 years, WIREX has outperformed AMAGX with an annualized return of 15.21%, while AMAGX has yielded a comparatively lower 14.06% annualized return.
WIREX
-3.34%
9.06%
-2.77%
7.53%
21.30%
17.61%
15.21%
AMAGX
-0.67%
7.02%
-2.16%
5.15%
12.25%
14.86%
14.06%
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WIREX vs. AMAGX - Expense Ratio Comparison
WIREX has a 1.95% expense ratio, which is higher than AMAGX's 0.91% expense ratio.
Risk-Adjusted Performance
WIREX vs. AMAGX — Risk-Adjusted Performance Rank
WIREX
AMAGX
WIREX vs. AMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wireless Fund (WIREX) 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.
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Dividends
WIREX vs. AMAGX - Dividend Comparison
WIREX's dividend yield for the trailing twelve months is around 2.01%, less than AMAGX's 3.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIREX Wireless Fund | 2.01% | 1.95% | 0.45% | 6.80% | 16.58% | 11.36% | 21.52% | 5.51% | 0.00% | 0.00% | 0.00% | 2.96% |
AMAGX Amana Mutual Funds Trust Growth Fund | 3.98% | 3.95% | 0.65% | 3.64% | 0.52% | 5.44% | 3.15% | 3.47% | 10.90% | 13.67% | 7.45% | 6.51% |
Drawdowns
WIREX vs. AMAGX - Drawdown Comparison
The maximum WIREX drawdown since its inception was -92.02%, which is greater than AMAGX's maximum drawdown of -57.64%. Use the drawdown chart below to compare losses from any high point for WIREX and AMAGX.
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Volatility
WIREX vs. AMAGX - Volatility Comparison
Wireless Fund (WIREX) has a higher volatility of 6.20% compared to Amana Mutual Funds Trust Growth Fund (AMAGX) at 5.07%. This indicates that WIREX'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.
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