HLAL vs. SPUS
Compare and contrast key facts about Wahed FTSE USA Shariah ETF (HLAL) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
HLAL and SPUS 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. Both HLAL and SPUS 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 SPUS.
Performance
HLAL vs. SPUS - Performance Comparison
Returns By Period
In the year-to-date period, HLAL achieves a 15.55% return, which is significantly lower than SPUS's 24.69% return.
HLAL
15.55%
0.65%
7.63%
19.86%
15.96%
N/A
SPUS
24.69%
-0.06%
10.77%
29.57%
N/A
N/A
Key characteristics
| HLAL | SPUS | |
|---|---|---|
| Sharpe Ratio | 1.58 | 1.96 |
| Sortino Ratio | 2.12 | 2.61 |
| Omega Ratio | 1.29 | 1.36 |
| Calmar Ratio | 2.21 | 2.61 |
| Martin Ratio | 8.25 | 10.41 |
| Ulcer Index | 2.48% | 2.87% |
| Daily Std Dev | 12.92% | 15.30% |
| Max Drawdown | -33.57% | -30.80% |
| Current Drawdown | -1.26% | -2.15% |
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HLAL vs. SPUS - Expense Ratio Comparison
HLAL has a 0.50% expense ratio, which is higher than SPUS's 0.49% expense ratio.
Correlation
The correlation between HLAL and SPUS is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HLAL vs. SPUS - 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 500 Sharia Industry Exclusions ETF (SPUS). 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. SPUS - Dividend Comparison
HLAL's dividend yield for the trailing twelve months is around 0.70%, which matches SPUS's 0.70% 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% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.70% | 0.87% | 1.21% | 0.93% | 1.04% | 0.00% |
Drawdowns
HLAL vs. SPUS - Drawdown Comparison
The maximum HLAL drawdown since its inception was -33.57%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for HLAL and SPUS. For additional features, visit the drawdowns tool.
Volatility
HLAL vs. SPUS - Volatility Comparison
The current volatility for Wahed FTSE USA Shariah ETF (HLAL) is 4.36%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 4.90%. This indicates that HLAL experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.