HLAL vs. KSA
Compare and contrast key facts about Wahed FTSE USA Shariah ETF (HLAL) and iShares MSCI Saudi Arabia ETF (KSA).
HLAL and KSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. KSA is a passively managed fund by iShares that tracks the performance of the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index. It was launched on Sep 16, 2015. Both HLAL and KSA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLAL or KSA.
Performance
HLAL vs. KSA - Performance Comparison
Returns By Period
In the year-to-date period, HLAL achieves a 14.11% return, which is significantly higher than KSA's -2.32% return.
HLAL
14.11%
-0.39%
5.39%
19.60%
15.58%
N/A
KSA
-2.32%
-3.05%
-2.82%
6.05%
8.66%
N/A
Key characteristics
| HLAL | KSA | |
|---|---|---|
| Sharpe Ratio | 1.54 | 0.44 |
| Sortino Ratio | 2.07 | 0.69 |
| Omega Ratio | 1.28 | 1.09 |
| Calmar Ratio | 2.15 | 0.28 |
| Martin Ratio | 8.05 | 1.12 |
| Ulcer Index | 2.47% | 5.18% |
| Daily Std Dev | 12.92% | 13.22% |
| Max Drawdown | -33.57% | -40.56% |
| Current Drawdown | -2.49% | -15.39% |
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HLAL vs. KSA - Expense Ratio Comparison
HLAL has a 0.50% expense ratio, which is lower than KSA's 0.74% expense ratio.
Correlation
The correlation between HLAL and KSA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
HLAL vs. KSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and iShares MSCI Saudi Arabia ETF (KSA). 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
HLAL vs. KSA - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.70%, less than KSA's 2.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
KSA iShares MSCI Saudi Arabia ETF | 2.84% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.06% | 0.04% |
Drawdowns
HLAL vs. KSA - Drawdown Comparison
The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum KSA drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for HLAL and KSA. For additional features, visit the drawdowns tool.
Volatility
HLAL vs. KSA - Volatility Comparison
Wahed FTSE USA Shariah ETF (HLAL) has a higher volatility of 4.43% compared to iShares MSCI Saudi Arabia ETF (KSA) at 2.94%. This indicates that HLAL's price experiences larger fluctuations and is considered to be riskier than KSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.