GRW vs. HLAL

Last updated Jun 5, 2026

GRW (TCW Durable Growth ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both Large Cap Growth Equities funds. GRW is actively managed, while HLAL is passively managed. At a 0.20 correlation, their price movements are largely independent. GRW charges 0.75%/yr vs 0.50%/yr for HLAL.

Performance

GRW vs. HLAL - Performance Comparison

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

Returns By Period

GRW

• 1D: 0.18%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HLAL

• 1D: -0.54%
• 1M: 7.05%
• YTD: 18.08%
• 6M: 17.15%
• 1Y: 42.63%
• 3Y*: 21.88%
• 5Y*: 15.73%
• 10Y*: —

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

GRW vs. HLAL - Yearly Performance Comparison

	2026 (YTD)
GRW TCW Durable Growth ETF	1.46%
HLAL Wahed FTSE USA Shariah ETF	0.62%

Correlation

The correlation between GRW and HLAL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.20

GRW vs. HLAL - Sectors Allocation Comparison

Sectors	GRW	HLAL
Industrials	38.1%	4.6%
Technology	26.6%	50.4%
Financial Services	9.8%	0.0%
Communication Services	9.1%	16.7%
Consumer Cyclical	8.3%	5.6%
Healthcare	4.1%	10.5%
Basic Materials	4.0%	2.5%
Consumer Defensive	-	2.9%
Energy	-	4.5%
Real Estate	-	0.8%
Utilities	-	1.0%

Return for Risk

GRW vs. HLAL — Risk / Return Rank

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

HLAL

HLAL Risk / Return Rank: 89
HLAL Sharpe Ratio Rank: 92
HLAL Sortino Ratio Rank: 92
HLAL Omega Ratio Rank: 90
HLAL Calmar Ratio Rank: 81
HLAL Martin Ratio Rank: 88

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.

GRW vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Durable Growth ETF (GRW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GRW	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	13.58	0.89	+12.69

Drawdowns

GRW vs. HLAL - Drawdown Comparison

The maximum GRW drawdown since its inception was -0.45%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for GRW and HLAL.

Drawdown Indicators

	GRW	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-0.45%	-33.57%	+33.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
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	-0.27%	-0.61%	+0.34%
Average Drawdown Average peak-to-trough decline	-0.17%	-5.00%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.20%	—

Volatility

Volatility by Period

	GRW	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	13.19%	-4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.89%	17.60%	-8.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	20.21%	-11.32%

GRW vs. HLAL - Expense Ratio Comparison

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

Dividends

GRW vs. HLAL - Dividend Comparison

GRW has not paid dividends to shareholders, while HLAL's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GRW TCW Durable Growth ETF	0.00%	0.00%	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 GRW and HLAL in my portfolio?

GRW and HLAL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRW or HLAL?

On fees, HLAL is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRW or HLAL?

HLAL is cheaper with a 0.50% expense ratio, compared with 0.75% for GRW.

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

HLAL has the higher dividend yield at 0.45%, compared with 0.00% for GRW.

What is the main difference between GRW and HLAL?

They also come from different issuers: TCW and Wahed. Their fees differ too: 0.75% for GRW and 0.50% for HLAL.