^IMUS vs. HLAL
Compare and contrast key facts about Dow Jones Islamic Market U.S. Index (^IMUS) and Wahed FTSE USA Shariah ETF (HLAL).
HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IMUS or HLAL.
Key characteristics
| ^IMUS | HLAL | |
|---|---|---|
| YTD Return | 17.48% | 12.11% |
| 1Y Return | 26.55% | 19.31% |
| 3Y Return (Ann) | 6.36% | 10.38% |
| 5Y Return (Ann) | 13.98% | 16.39% |
| Sharpe Ratio | 1.75 | 1.45 |
| Daily Std Dev | 13.51% | 13.18% |
| Max Drawdown | -47.72% | -33.57% |
| Current Drawdown | -2.85% | -3.43% |
Correlation
The correlation between ^IMUS and HLAL is 0.95, 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.
Performance
^IMUS vs. HLAL - Performance Comparison
In the year-to-date period, ^IMUS achieves a 17.48% return, which is significantly higher than HLAL's 12.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^IMUS vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Islamic Market U.S. Index (^IMUS) and Wahed FTSE USA Shariah ETF (HLAL). 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.
Drawdowns
^IMUS vs. HLAL - Drawdown Comparison
The maximum ^IMUS drawdown since its inception was -47.72%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for ^IMUS and HLAL. For additional features, visit the drawdowns tool.
Volatility
^IMUS vs. HLAL - Volatility Comparison
Dow Jones Islamic Market U.S. Index (^IMUS) has a higher volatility of 4.38% compared to Wahed FTSE USA Shariah ETF (HLAL) at 3.53%. This indicates that ^IMUS's price experiences larger fluctuations and is considered to be riskier than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.