HLAL vs. SPRE
Compare and contrast key facts about Wahed FTSE USA Shariah ETF (HLAL) and SP Funds S&P Global REIT Sharia ETF (SPRE).
HLAL and SPRE 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. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. Both HLAL and SPRE 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 SPRE.
Performance
HLAL vs. SPRE - Performance Comparison
Returns By Period
In the year-to-date period, HLAL achieves a 15.17% return, which is significantly higher than SPRE's 7.22% return.
HLAL
15.17%
0.13%
6.07%
20.85%
15.95%
N/A
SPRE
7.22%
-2.66%
9.13%
21.65%
N/A
N/A
Key characteristics
| HLAL | SPRE | |
|---|---|---|
| Sharpe Ratio | 1.60 | 1.32 |
| Sortino Ratio | 2.14 | 1.93 |
| Omega Ratio | 1.29 | 1.24 |
| Calmar Ratio | 2.23 | 0.66 |
| Martin Ratio | 8.36 | 5.29 |
| Ulcer Index | 2.48% | 4.02% |
| Daily Std Dev | 12.97% | 16.08% |
| Max Drawdown | -33.57% | -38.34% |
| Current Drawdown | -1.59% | -17.29% |
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HLAL vs. SPRE - Expense Ratio Comparison
HLAL has a 0.50% expense ratio, which is lower than SPRE's 0.69% expense ratio.
Correlation
The correlation between HLAL and SPRE is 0.59, 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. SPRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) and SP Funds S&P Global REIT Sharia ETF (SPRE). 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. SPRE - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.70%, less than SPRE's 4.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
SPRE SP Funds S&P Global REIT Sharia ETF | 4.01% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% |
Drawdowns
HLAL vs. SPRE - Drawdown Comparison
The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum SPRE drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for HLAL and SPRE. For additional features, visit the drawdowns tool.
Volatility
HLAL vs. SPRE - Volatility Comparison
Wahed FTSE USA Shariah ETF (HLAL) and SP Funds S&P Global REIT Sharia ETF (SPRE) have volatilities of 4.51% and 4.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.