AMOM vs. HLAL
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMOM or HLAL.
Key characteristics
| AMOM | HLAL | |
|---|---|---|
| YTD Return | 27.38% | 12.03% |
| 1Y Return | 39.88% | 22.08% |
| 3Y Return (Ann) | 3.71% | 7.80% |
| 5Y Return (Ann) | 16.81% | 15.63% |
| Sharpe Ratio | 2.01 | 1.78 |
| Sortino Ratio | 2.61 | 2.37 |
| Omega Ratio | 1.37 | 1.32 |
| Calmar Ratio | 1.98 | 2.47 |
| Martin Ratio | 9.52 | 9.31 |
| Ulcer Index | 4.46% | 2.46% |
| Daily Std Dev | 21.11% | 12.88% |
| Max Drawdown | -40.03% | -33.57% |
| Current Drawdown | -4.40% | -3.50% |
Correlation
The correlation between AMOM and HLAL is 0.77, 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
AMOM vs. HLAL - Performance Comparison
In the year-to-date period, AMOM achieves a 27.38% return, which is significantly higher than HLAL's 12.03% 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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AMOM vs. HLAL - Expense Ratio Comparison
AMOM has a 0.75% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
AMOM vs. HLAL - Risk-Adjusted Performance 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.
Dividends
AMOM vs. HLAL - Dividend Comparison
AMOM's dividend yield for the trailing twelve months is around 0.16%, less than HLAL's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 0.16% | 0.47% | 0.72% | 0.14% | 24.31% | 5.51% |
HLAL Wahed FTSE USA Shariah ETF | 0.72% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
AMOM vs. HLAL - Drawdown Comparison
The maximum AMOM drawdown since its inception was -40.03%, 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. For additional features, visit the drawdowns tool.
Volatility
AMOM vs. HLAL - Volatility Comparison
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 5.02% compared to Wahed FTSE USA Shariah ETF (HLAL) at 3.68%. 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.