- ISIN
- US53656F6079
- CUSIP
- 53656F607
- Issuer
- Wahed
- Inception Date
- Jul 16, 2019
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Shariah USA Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $931M
Highlights
- Avg. Volume (1M)
- 51K
- Avg. Volume Value (1M)
- $3.57M
Share Price Chart
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Performance
HLAL Performance Chart
Wahed FTSE USA Shariah ETF (HLAL) is up 12.9% since the beginning of the year. HLAL is currently trading at $70 per share. Investors who bought $1,000 worth of HLAL shares 5 years ago would now be looking at an investment worth $1,870.
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Returns By Period
Wahed FTSE USA Shariah ETF (HLAL) has returned 12.86% so far this year and 30.01% over the past 12 months.
Wahed FTSE USA Shariah ETF
- 1D
- 0.12%
- 1M
- -0.57%
- 6M
- 10.76%
- YTD
- 12.86%
- 1Y
- 30.01%
- 3Y*
- 17.36%
- 5Y*
- 13.34%
- 10Y*
- —
- ALL TIME*
- 16.69%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HLAL Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2019, HLAL's average daily return is +0.07%, while the average monthly return is +1.42%. At this rate, an investment would double in approximately 4.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +14.0%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HLAL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.90% | -0.36% | -5.69% | 12.88% | 9.23% | -2.37% | -2.09% | 12.86% | |||||
| 2025 | 2.52% | -3.55% | -6.20% | -1.15% | 5.82% | 4.80% | 2.67% | 2.94% | 5.15% | 3.47% | 1.68% | -0.50% | 18.30% |
| 2024 | 0.33% | 4.28% | 1.75% | -3.89% | 4.56% | 4.22% | 0.12% | 1.09% | 2.44% | -3.10% | 5.03% | -0.80% | 16.70% |
| 2023 | 5.99% | -1.45% | 6.22% | 1.59% | 1.84% | 6.28% | 3.13% | -1.59% | -4.51% | -2.75% | 9.16% | 3.66% | 30.13% |
| 2022 | -5.02% | -2.85% | 4.60% | -7.42% | 0.21% | -8.83% | 9.76% | -4.41% | -8.86% | 7.30% | 5.02% | -6.27% | -17.56% |
| 2021 | 0.63% | -0.46% | 4.33% | 3.31% | 0.14% | 3.35% | 2.87% | 2.32% | -4.67% | 7.61% | 1.40% | 5.15% | 28.64% |
Benchmark Metrics
Wahed FTSE USA Shariah ETF has an annualized alpha of 2.93%, beta of 0.98, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since July 16, 2019.
- This ETF captured 113.63% of S&P 500 Index gains and 103.05% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.98 and R2 of 0.93, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.93%
- Beta
- 0.98
- R²
- 0.93
- Upside Capture
- 113.63%
- Downside Capture
- 103.05%
Expense Ratio
HLAL has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HLAL ranks 78 for risk / return — above 78% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and compare them to S&P 500 Index.
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.
| HLAL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.00 | +0.74 |
| Martin ratioReturn relative to average drawdown | 10.11 | 8.49 | +1.62 |
Dividends
Dividend History
Wahed FTSE USA Shariah ETF provided a 0.46% dividend yield over the last twelve months, with an annual payout of $0.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.33 | $0.30 | $0.33 | $0.41 | $0.34 | $0.33 | $0.20 |
Dividend yield | 0.46% | 0.53% | 0.58% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Wahed FTSE USA Shariah ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.10 | |||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.08 | $0.33 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.14 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.41 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Wahed FTSE USA Shariah ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Wahed FTSE USA Shariah ETF was 33.57%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.
The current Wahed FTSE USA Shariah ETF drawdown is 5.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.57%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 | COVID crash2020 |
-23.18%Oct 2022 | 9mo 11d | 9mo 4d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
-21.67%Apr 2025 | 3mo 21d | 3mo 16d | 7mo 7dDec 2024 - Jul 2025 | 2025 selloff2025 |
-10.20%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 | — |
-9.99%Oct 2020 | 1mo 27d | 17d | 2mo 14dSep 2020 - Nov 2020 | — |
Drawdown Indicators
| HLAL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -56.78% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -9.10% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -18.90% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -25.43% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.00% | -1.58% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -10.70% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.14% | +0.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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