AMOM vs. HLAL

Last updated Apr 1, 2026

Compare and contrast key facts about QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and Wahed FTSE USA Shariah ETF (HLAL).

AMOM and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMOM is an actively managed fund by Exchange Traded Concepts. It was launched on May 21, 2019. 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.

Performance

AMOM vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

AMOM vs. HLAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	-3.01%	7.69%	35.79%	27.06%	-26.29%	13.08%	53.81%	3.06%
HLAL Wahed FTSE USA Shariah ETF	-4.25%	18.30%	16.70%	30.13%	-17.56%	28.64%	24.65%	10.96%

Returns By Period

In the year-to-date period, AMOM achieves a -3.01% return, which is significantly higher than HLAL's -4.25% return.

AMOM

• 1D: 4.10%
• 1M: -7.43%
• YTD: -3.01%
• 6M: -2.43%
• 1Y: 25.18%
• 3Y*: 18.56%
• 5Y*: 7.31%
• 10Y*: —

HLAL

• 1D: 3.24%
• 1M: -5.69%
• YTD: -4.25%
• 6M: 0.23%
• 1Y: 22.13%
• 3Y*: 15.73%
• 5Y*: 11.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMOM vs. HLAL - Expense Ratio Comparison

AMOM has a 0.75% expense ratio, which is higher than HLAL's 0.50% expense ratio.

AMOM

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF

HLAL

Wahed FTSE USA Shariah ETF

Return for Risk

AMOM vs. HLAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMOM

AMOM Risk / Return Rank: 64
AMOM Sharpe Ratio Rank: 59
AMOM Sortino Ratio Rank: 60
AMOM Omega Ratio Rank: 58
AMOM Calmar Ratio Rank: 76
AMOM Martin Ratio Rank: 67

HLAL

HLAL Risk / Return Rank: 73
HLAL Sharpe Ratio Rank: 68
HLAL Sortino Ratio Rank: 73
HLAL Omega Ratio Rank: 73
HLAL Calmar Ratio Rank: 71
HLAL Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMOM vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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.

	AMOM	HLAL	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.14	-0.13
Sortino ratio Return per unit of downside risk	1.49	1.76	-0.27
Omega ratio Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio Return relative to maximum drawdown	1.93	1.72	+0.22
Martin ratio Return relative to average drawdown	6.59	7.90	-1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMOM vs. HLAL - Sharpe Ratio Comparison

The current AMOM Sharpe Ratio is 1.00, which is comparable to the HLAL Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of AMOM and HLAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMOM	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.14	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.67	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.73	-0.15

Correlation

The correlation between AMOM and HLAL is 0.76, 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.

Dividends

AMOM vs. HLAL - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.09%, less than HLAL's 0.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.09%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
HLAL Wahed FTSE USA Shariah ETF	0.55%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%

Drawdowns

AMOM vs. HLAL - Drawdown Comparison

The maximum AMOM drawdown since its inception was -39.68%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for AMOM and HLAL.

Drawdown Indicators

	AMOM	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-33.57%	-6.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-13.15%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	-23.18%	-16.50%
Current Drawdown Current decline from peak	-9.54%	-7.30%	-2.24%
Average Drawdown Average peak-to-trough decline	-11.05%	-5.10%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.86%	+0.98%

Volatility

AMOM vs. HLAL - Volatility Comparison

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 8.79% compared to Wahed FTSE USA Shariah ETF (HLAL) at 5.80%. This indicates that AMOM'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.

Volatility by Period

	AMOM	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.79%	5.80%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	17.55%	10.12%	+7.43%
Volatility (1Y) Calculated over the trailing 1-year period	25.18%	19.52%	+5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	17.52%	+5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	20.33%	+4.65%