HLAL vs. SHOP
Compare and contrast key facts about Wahed FTSE USA Shariah ETF (HLAL) and Shopify Inc. (SHOP).
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: HLAL or SHOP.
Performance
HLAL vs. SHOP - Performance Comparison
Returns By Period
In the year-to-date period, HLAL achieves a 15.55% return, which is significantly lower than SHOP's 36.69% return.
HLAL
15.55%
0.65%
7.63%
19.86%
15.96%
N/A
SHOP
36.69%
30.47%
84.73%
50.06%
27.70%
N/A
Key characteristics
| HLAL | SHOP | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.00 |
| Sortino Ratio | 2.12 | 1.65 |
| Omega Ratio | 1.29 | 1.24 |
| Calmar Ratio | 2.21 | 0.76 |
| Martin Ratio | 8.25 | 2.65 |
| Ulcer Index | 2.48% | 19.92% |
| Daily Std Dev | 12.92% | 52.49% |
| Max Drawdown | -33.57% | -84.82% |
| Current Drawdown | -1.26% | -37.02% |
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Correlation
The correlation between HLAL and SHOP is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HLAL vs. SHOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and Shopify Inc. (SHOP). 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. SHOP - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.70%, while SHOP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HLAL vs. SHOP - Drawdown Comparison
The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for HLAL and SHOP. For additional features, visit the drawdowns tool.
Volatility
HLAL vs. SHOP - Volatility Comparison
The current volatility for Wahed FTSE USA Shariah ETF (HLAL) is 4.36%, while Shopify Inc. (SHOP) has a volatility of 21.74%. This indicates that HLAL experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.