ADJEX vs. HLAL
Compare and contrast key facts about Azzad Ethical Fund (ADJEX) and Wahed FTSE USA Shariah ETF (HLAL).
ADJEX is managed by Azzad Fund. It was launched on Dec 22, 2000. 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: ADJEX or HLAL.
Key characteristics
| ADJEX | HLAL | |
|---|---|---|
| YTD Return | 5.72% | 5.72% |
| 1Y Return | 21.03% | 22.23% |
| 3Y Return (Ann) | 2.52% | 10.00% |
| Sharpe Ratio | 1.19 | 1.83 |
| Daily Std Dev | 17.54% | 12.24% |
| Max Drawdown | -55.91% | -33.57% |
| Current Drawdown | -9.27% | -0.97% |
Correlation
The correlation between ADJEX and HLAL is 0.86, 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
ADJEX vs. HLAL - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with ADJEX at 5.72% and HLAL at 5.72%. 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.
ADJEX vs. HLAL - Expense Ratio Comparison
ADJEX has a 0.99% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
ADJEX vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Ethical Fund (ADJEX) 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.
Dividends
ADJEX vs. HLAL - Dividend Comparison
ADJEX's dividend yield for the trailing twelve months is around 2.39%, more than HLAL's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX Azzad Ethical Fund | 2.39% | 2.53% | 0.06% | 12.81% | 5.62% | 6.35% | 6.37% | 14.98% | 0.09% | 0.69% | 9.18% | 11.64% |
HLAL Wahed FTSE USA Shariah ETF | 0.55% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ADJEX vs. HLAL - Drawdown Comparison
The maximum ADJEX drawdown since its inception was -55.91%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for ADJEX and HLAL. For additional features, visit the drawdowns tool.
Volatility
ADJEX vs. HLAL - Volatility Comparison
Azzad Ethical Fund (ADJEX) has a higher volatility of 5.49% compared to Wahed FTSE USA Shariah ETF (HLAL) at 4.52%. This indicates that ADJEX'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.