WISEX vs. AMAPX
Compare and contrast key facts about Azzad Wise Capital Fund (WISEX) and Amana Participation Fund (AMAPX).
WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010. 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: WISEX or AMAPX.
Key characteristics
| WISEX | AMAPX | |
|---|---|---|
| YTD Return | 4.74% | 3.63% |
| 1Y Return | 6.62% | 6.91% |
| 3Y Return (Ann) | 1.77% | 0.31% |
| 5Y Return (Ann) | 2.21% | 1.35% |
| Sharpe Ratio | 5.28 | 3.03 |
| Sortino Ratio | 9.29 | 4.94 |
| Omega Ratio | 2.52 | 1.81 |
| Calmar Ratio | 5.47 | 1.14 |
| Martin Ratio | 35.60 | 14.48 |
| Ulcer Index | 0.19% | 0.48% |
| Daily Std Dev | 1.27% | 2.28% |
| Max Drawdown | -5.49% | -7.47% |
| Current Drawdown | -0.31% | -1.10% |
Correlation
The correlation between WISEX and AMAPX is 0.26, 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.
Performance
WISEX vs. AMAPX - Performance Comparison
In the year-to-date period, WISEX achieves a 4.74% return, which is significantly higher than AMAPX's 3.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WISEX vs. AMAPX - Expense Ratio Comparison
WISEX has a 0.89% expense ratio, which is higher than AMAPX's 0.78% expense ratio.
Risk-Adjusted Performance
WISEX vs. AMAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) 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.
Dividends
WISEX vs. AMAPX - Dividend Comparison
WISEX's dividend yield for the trailing twelve months is around 3.37%, more than AMAPX's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WISEX Azzad Wise Capital Fund | 3.37% | 2.63% | 1.50% | 1.19% | 1.16% | 1.84% | 1.23% | 1.12% | 0.98% | 0.67% | 0.77% | 2.49% |
AMAPX Amana Participation Fund | 3.09% | 2.62% | 1.61% | 1.55% | 1.95% | 2.45% | 2.62% | 2.12% | 2.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
WISEX vs. AMAPX - Drawdown Comparison
The maximum WISEX drawdown since its inception was -5.49%, smaller than the maximum AMAPX drawdown of -7.47%. Use the drawdown chart below to compare losses from any high point for WISEX and AMAPX. For additional features, visit the drawdowns tool.
Volatility
WISEX vs. AMAPX - Volatility Comparison
The current volatility for Azzad Wise Capital Fund (WISEX) is 0.39%, while Amana Participation Fund (AMAPX) has a volatility of 0.56%. This indicates that WISEX experiences smaller price fluctuations and is considered to be less risky than AMAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.