IGDA.L vs. HLAL
Compare and contrast key facts about Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Wahed FTSE USA Shariah ETF (HLAL).
IGDA.L and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGDA.L is a passively managed fund by Invesco that tracks the performance of the Dow Jones Islamic Market Developed Markets Index. It was launched on Jan 7, 2022. 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. Both IGDA.L and HLAL 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: IGDA.L or HLAL.
Correlation
The correlation between IGDA.L and HLAL 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.
Performance
IGDA.L vs. HLAL - Performance Comparison
Key characteristics
IGDA.L:
1.20
HLAL:
1.19
IGDA.L:
1.71
HLAL:
1.62
IGDA.L:
1.22
HLAL:
1.22
IGDA.L:
1.82
HLAL:
1.72
IGDA.L:
6.57
HLAL:
5.94
IGDA.L:
2.50%
HLAL:
2.68%
IGDA.L:
13.63%
HLAL:
13.39%
IGDA.L:
-24.18%
HLAL:
-33.57%
IGDA.L:
-0.69%
HLAL:
-2.03%
Returns By Period
In the year-to-date period, IGDA.L achieves a 3.25% return, which is significantly higher than HLAL's 1.97% return.
IGDA.L
3.25%
2.64%
7.00%
17.50%
N/A
N/A
HLAL
1.97%
0.50%
6.76%
14.37%
14.65%
N/A
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IGDA.L vs. HLAL - Expense Ratio Comparison
IGDA.L has a 0.40% expense ratio, which is lower than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
IGDA.L vs. HLAL — Risk-Adjusted Performance Rank
IGDA.L
HLAL
IGDA.L vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Wahed FTSE USA Shariah ETF (HLAL). 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
IGDA.L vs. HLAL - Dividend Comparison
IGDA.L has not paid dividends to shareholders, while HLAL's dividend yield for the trailing twelve months is around 0.57%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.57% | 0.58% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
IGDA.L vs. HLAL - Drawdown Comparison
The maximum IGDA.L drawdown since its inception was -24.18%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for IGDA.L and HLAL. For additional features, visit the drawdowns tool.
Volatility
IGDA.L vs. HLAL - Volatility Comparison
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.25% compared to Wahed FTSE USA Shariah ETF (HLAL) at 2.86%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.