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HLAL vs. SNOW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HLAL and SNOW is 0.53, 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.


-0.50.00.51.00.5

Performance

HLAL vs. SNOW - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
5.66%
28.42%
HLAL
SNOW

Key characteristics

Sharpe Ratio

HLAL:

1.30

SNOW:

-0.33

Sortino Ratio

HLAL:

1.74

SNOW:

-0.16

Omega Ratio

HLAL:

1.24

SNOW:

0.98

Calmar Ratio

HLAL:

1.88

SNOW:

-0.25

Martin Ratio

HLAL:

6.97

SNOW:

-0.48

Ulcer Index

HLAL:

2.50%

SNOW:

37.90%

Daily Std Dev

HLAL:

13.37%

SNOW:

54.92%

Max Drawdown

HLAL:

-33.57%

SNOW:

-72.99%

Current Drawdown

HLAL:

-3.42%

SNOW:

-59.54%

Returns By Period

In the year-to-date period, HLAL achieves a 17.31% return, which is significantly higher than SNOW's -18.30% return.


HLAL

YTD

17.31%

1M

1.51%

6M

5.66%

1Y

18.88%

5Y*

15.32%

10Y*

N/A

SNOW

YTD

-18.30%

1M

27.59%

6M

27.42%

1Y

-18.30%

5Y*

N/A

10Y*

N/A

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Risk-Adjusted Performance

HLAL vs. SNOW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and Snowflake Inc. (SNOW). 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.


Sharpe ratio
The chart of Sharpe ratio for HLAL, currently valued at 1.30, compared to the broader market0.002.004.001.30-0.33
The chart of Sortino ratio for HLAL, currently valued at 1.74, compared to the broader market-2.000.002.004.006.008.0010.001.74-0.16
The chart of Omega ratio for HLAL, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.240.98
The chart of Calmar ratio for HLAL, currently valued at 1.88, compared to the broader market0.005.0010.0015.001.88-0.25
The chart of Martin ratio for HLAL, currently valued at 6.97, compared to the broader market0.0020.0040.0060.0080.00100.006.97-0.48
HLAL
SNOW

The current HLAL Sharpe Ratio is 1.30, which is higher than the SNOW Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of HLAL and SNOW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
1.30
-0.33
HLAL
SNOW

Dividends

HLAL vs. SNOW - Dividend Comparison

HLAL's dividend yield for the trailing twelve months is around 0.69%, while SNOW has not paid dividends to shareholders.


TTM20232022202120202019
HLAL
Wahed FTSE USA Shariah ETF
0.69%0.72%1.15%0.78%0.97%0.72%
SNOW
Snowflake Inc.
0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HLAL vs. SNOW - Drawdown Comparison

The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum SNOW drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for HLAL and SNOW. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.42%
-59.54%
HLAL
SNOW

Volatility

HLAL vs. SNOW - Volatility Comparison

The current volatility for Wahed FTSE USA Shariah ETF (HLAL) is 4.11%, while Snowflake Inc. (SNOW) has a volatility of 30.76%. This indicates that HLAL experiences smaller price fluctuations and is considered to be less risky than SNOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
4.11%
30.76%
HLAL
SNOW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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