HLAL vs. SNOW
HLAL (Wahed FTSE USA Shariah ETF) is Large Cap Growth Equities fund tracking the FTSE Shariah USA Index, while SNOW (Snowflake Inc.) is a stock. Over the past 5 years, HLAL returned 14.12%/yr vs -1.77%/yr for SNOW. At a 0.49 correlation, their price movements are largely independent.
Performance
HLAL vs. SNOW - Performance Comparison
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Returns By Period
In the year-to-date period, HLAL achieves a 12.36% return, which is significantly higher than SNOW's 3.00% return.
HLAL
- 1D
- -0.52%
- 1M
- -2.12%
- YTD
- 12.36%
- 6M
- 11.02%
- 1Y
- 32.71%
- 3Y*
- 19.05%
- 5Y*
- 14.12%
- 10Y*
- —
SNOW
- 1D
- -1.94%
- 1M
- 31.21%
- YTD
- 3.00%
- 6M
- 1.81%
- 1Y
- 1.26%
- 3Y*
- 8.23%
- 5Y*
- -1.77%
- 10Y*
- —
HLAL vs. SNOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 12.36% | 18.30% | 16.70% | 30.13% | -17.56% | 28.64% | 12.49% |
SNOW Snowflake Inc. | 3.00% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
Correlation
The correlation between HLAL and SNOW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.49 |
Over the past year, the correlation between HLAL and SNOW has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
HLAL vs. SNOW — Risk / Return Rank
HLAL
SNOW
HLAL vs. SNOW - Risk-Adjusted Trends 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.
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.
| HLAL | SNOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.07 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 0.02 | +3.20 |
| Martin ratioReturn relative to average drawdown | 13.74 | 0.05 | +13.69 |
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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.
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Drawdown Indicators
| HLAL | SNOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -72.99% | +39.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -56.30% | +46.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -56.30% | +34.63% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -72.99% | +49.81% |
Current DrawdownCurrent decline from peak | -5.42% | -43.78% | +38.36% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -48.99% | +44.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 26.09% | -23.70% |
Volatility
HLAL vs. SNOW - Volatility Comparison
The current volatility for Wahed FTSE USA Shariah ETF (HLAL) is 6.67%, while Snowflake Inc. (SNOW) has a volatility of 35.96%. 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.
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Volatility by Period
| HLAL | SNOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 35.96% | -29.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 52.71% | -41.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 65.53% | -51.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.80% | 61.95% | -44.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 62.57% | -42.30% |
Dividends
HLAL vs. SNOW - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.47%, while SNOW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.47% | 0.53% | 0.58% | 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% | 0.00% | 0.00% |
Frequently Asked Questions
HLAL and SNOW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOW has higher volatility (35.96%) compared to HLAL (6.67%). In terms of maximum drawdown, HLAL dropped -33.57% vs SNOW's -72.99%.
HLAL currently has the higher Sharpe Ratio (2.28 vs 0.02), 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.
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