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

Correlation

The correlation between HLAL and SPRE is 0.62, 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.


Performance

HLAL vs. SPRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed FTSE USA Shariah ETF (HLAL) and SP Funds S&P Global REIT Sharia ETF (SPRE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

HLAL:

0.17

SPRE:

0.09

Sortino Ratio

HLAL:

0.43

SPRE:

0.18

Omega Ratio

HLAL:

1.06

SPRE:

1.02

Calmar Ratio

HLAL:

0.19

SPRE:

0.02

Martin Ratio

HLAL:

0.66

SPRE:

0.10

Ulcer Index

HLAL:

6.20%

SPRE:

7.47%

Daily Std Dev

HLAL:

20.68%

SPRE:

18.68%

Max Drawdown

HLAL:

-33.57%

SPRE:

-38.34%

Current Drawdown

HLAL:

-7.19%

SPRE:

-22.98%

Returns By Period

In the year-to-date period, HLAL achieves a -3.39% return, which is significantly lower than SPRE's -2.22% return.


HLAL

YTD

-3.39%

1M

14.29%

6M

-2.43%

1Y

3.51%

3Y*

12.63%

5Y*

16.01%

10Y*

N/A

SPRE

YTD

-2.22%

1M

5.97%

6M

-6.86%

1Y

1.67%

3Y*

-1.10%

5Y*

N/A

10Y*

N/A

*Annualized

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Wahed FTSE USA Shariah ETF

HLAL vs. SPRE - Expense Ratio Comparison

HLAL has a 0.50% expense ratio, which is lower than SPRE's 0.69% expense ratio.


Risk-Adjusted Performance

HLAL vs. SPRE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLAL
The Risk-Adjusted Performance Rank of HLAL is 2727
Overall Rank
The Sharpe Ratio Rank of HLAL is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of HLAL is 2626
Sortino Ratio Rank
The Omega Ratio Rank of HLAL is 2727
Omega Ratio Rank
The Calmar Ratio Rank of HLAL is 2828
Calmar Ratio Rank
The Martin Ratio Rank of HLAL is 2727
Martin Ratio Rank

SPRE
The Risk-Adjusted Performance Rank of SPRE is 1818
Overall Rank
The Sharpe Ratio Rank of SPRE is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of SPRE is 1717
Sortino Ratio Rank
The Omega Ratio Rank of SPRE is 1717
Omega Ratio Rank
The Calmar Ratio Rank of SPRE is 1717
Calmar Ratio Rank
The Martin Ratio Rank of SPRE is 1717
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current HLAL Sharpe Ratio is 0.17, which is higher than the SPRE Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of HLAL and SPRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

HLAL vs. SPRE - Dividend Comparison

HLAL's dividend yield for the trailing twelve months is around 0.69%, less than SPRE's 4.28% yield.


TTM202420232022202120202019
HLAL
Wahed FTSE USA Shariah ETF
0.69%0.58%0.72%1.15%0.78%0.97%0.72%
SPRE
SP Funds S&P Global REIT Sharia ETF
4.28%4.13%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.


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Volatility

HLAL vs. SPRE - Volatility Comparison

Wahed FTSE USA Shariah ETF (HLAL) has a higher volatility of 5.27% compared to SP Funds S&P Global REIT Sharia ETF (SPRE) at 4.94%. This indicates that HLAL's price experiences larger fluctuations and is considered to be riskier than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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