BLGR vs. HLAL

Last updated Aug 6, 2026

BLGR (Bluemonte Large Cap Growth ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both Large Cap Growth Equities funds. BLGR is actively managed, while HLAL is passively managed. Over the past year, BLGR returned 21.92% vs 33.46% for HLAL. Their correlation of 0.90 means they have usually moved in the same direction. BLGR charges 0.24%/yr vs 0.50%/yr for HLAL.

Performance

BLGR vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Large Cap Growth ETF (BLGR) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLGR achieves a 11.68% return, which is significantly lower than HLAL's 17.14% return.

BLGR

• 1D: -0.18%
• 1M: 2.62%
• 6M: 15.20%
• YTD: 11.68%
• 1Y: 21.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.66%

HLAL

• 1D: -0.38%
• 1M: 1.95%
• 6M: 14.97%
• YTD: 17.14%
• 1Y: 33.46%
• 3Y*: 20.01%
• 5Y*: 14.01%
• 10Y*: —
• ALL TIME*: 17.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLGR Bluemonte Large Cap Growth ETF	$611.51K	$593.60K	$1.01M
HLAL Wahed FTSE USA Shariah ETF	$4.03M	$3.52M	$4.35M

BLGR vs. HLAL - Yearly Performance Comparison

	2026 (YTD)	2025
BLGR Bluemonte Large Cap Growth ETF	11.68%	16.59%
HLAL Wahed FTSE USA Shariah ETF	17.14%	20.04%

Correlation

The correlation between BLGR and HLAL is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.90

The correlation between BLGR and HLAL has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

BLGR vs. HLAL - Sectors Allocation Comparison

Sectors	BLGR	HLAL
Technology	48.8%	57.0%
Communication Services	14.3%	13.8%
Consumer Cyclical	9.9%	5.0%
Financial Services	8.3%	0.0%
Healthcare	7.6%	9.6%
Industrials	6.7%	5.1%
Consumer Defensive	1.8%	2.6%
Basic Materials	0.8%	2.1%
Real Estate	0.7%	0.8%
Utilities	0.6%	0.2%
Energy	0.5%	3.9%

Return for Risk

BLGR vs. HLAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLGR

BLGR Risk / Return Rank: 43
BLGR Sharpe Ratio Rank: 46
BLGR Sortino Ratio Rank: 44
BLGR Omega Ratio Rank: 43
BLGR Calmar Ratio Rank: 39
BLGR Martin Ratio Rank: 43

HLAL

HLAL Risk / Return Rank: 82
HLAL Sharpe Ratio Rank: 85
HLAL Sortino Ratio Rank: 84
HLAL Omega Ratio Rank: 81
HLAL Calmar Ratio Rank: 81
HLAL Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLGR vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Large Cap Growth ETF (BLGR) 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.

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.

	BLGR	HLAL	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.19	-0.87
Sortino ratio: Return per unit of downside risk	1.86	3.06	-1.19
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.56	3.30	-1.73
Martin ratio: Return relative to average drawdown	5.42	12.09	-6.68

BLGR vs. HLAL - Sharpe Ratio Comparison

The current BLGR Sharpe Ratio is 1.31, which is lower than the HLAL Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of BLGR and HLAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLGR vs. HLAL - Drawdown Comparison

The maximum BLGR drawdown since its inception was -14.08%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for BLGR and HLAL.

Drawdown Indicators

	BLGR	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-14.08%	-33.57%	+19.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-10.20%	-3.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.18%	—
Current Drawdown Current decline from peak	-0.18%	-1.40%	+1.22%
Average Drawdown Average peak-to-trough decline	-2.65%	-4.97%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	2.77%	+1.29%

Volatility

BLGR vs. HLAL - Volatility Comparison

Bluemonte Large Cap Growth ETF (BLGR) and Wahed FTSE USA Shariah ETF (HLAL) have volatilities of 5.70% and 5.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLGR	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	5.66%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	12.81%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	15.39%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	17.96%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	20.24%	-3.93%

BLGR vs. HLAL - Expense Ratio Comparison

BLGR has a 0.24% expense ratio, which is lower than HLAL's 0.50% expense ratio.

Dividends

BLGR vs. HLAL - Dividend Comparison

BLGR's dividend yield for the trailing twelve months is around 0.32%, less than HLAL's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BLGR Bluemonte Large Cap Growth ETF	0.32%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HLAL Wahed FTSE USA Shariah ETF	0.45%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%

Frequently Asked Questions

Can I hold both BLGR and HLAL in my portfolio?

With a correlation of 0.91, BLGR and HLAL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BLGR or HLAL?

BLGR has higher volatility (5.70%) compared to HLAL (5.66%). In terms of maximum drawdown, BLGR dropped -14.08% vs HLAL's -33.57%.

Which ETF is better, BLGR or HLAL?

On 1-year performance, HLAL leads with 33.46% vs 21.92% for BLGR. On fees, BLGR is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLGR or HLAL?

Over the 1-year period, HLAL has performed better with a 33.46% return vs 21.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLGR or HLAL?

BLGR is cheaper with a 0.24% expense ratio, compared with 0.50% for HLAL.

Which ETF pays a higher dividend yield, BLGR or HLAL?

HLAL has the higher dividend yield at 0.45%, compared with 0.32% for BLGR.

What is the main difference between BLGR and HLAL?

They also come from different issuers: Bluemonte and Wahed. Their fees differ too: 0.24% for BLGR and 0.50% for HLAL.

Which has better risk-adjusted returns?

HLAL currently has the higher Sharpe Ratio (2.19 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.