IMANX vs. HLAL
Compare and contrast key facts about Iman Fund (IMANX) and Wahed FTSE USA Shariah ETF (HLAL).
IMANX is managed by Allied Asset. It was launched on Jun 30, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMANX or HLAL.
Key characteristics
| IMANX | HLAL | |
|---|---|---|
| YTD Return | 22.70% | 15.99% |
| 1Y Return | 29.08% | 21.90% |
| 3Y Return (Ann) | -3.21% | 9.35% |
| 5Y Return (Ann) | 2.95% | 15.97% |
| Sharpe Ratio | 1.92 | 1.73 |
| Sortino Ratio | 2.64 | 2.30 |
| Omega Ratio | 1.35 | 1.31 |
| Calmar Ratio | 0.95 | 2.38 |
| Martin Ratio | 10.71 | 8.95 |
| Ulcer Index | 2.71% | 2.47% |
| Daily Std Dev | 15.06% | 12.81% |
| Max Drawdown | -56.36% | -33.57% |
| Current Drawdown | -10.10% | -0.89% |
Correlation
The correlation between IMANX and HLAL is 0.88, 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.
Performance
IMANX vs. HLAL - Performance Comparison
In the year-to-date period, IMANX achieves a 22.70% return, which is significantly higher than HLAL's 15.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IMANX vs. HLAL - Expense Ratio Comparison
IMANX has a 1.28% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
IMANX vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Iman Fund (IMANX) 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
IMANX vs. HLAL - Dividend Comparison
IMANX has not paid dividends to shareholders, while HLAL's dividend yield for the trailing twelve months is around 0.69%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IMANX Iman Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% | 0.03% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% |
Drawdowns
IMANX vs. HLAL - Drawdown Comparison
The maximum IMANX drawdown since its inception was -56.36%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for IMANX and HLAL. For additional features, visit the drawdowns tool.
Volatility
IMANX vs. HLAL - Volatility Comparison
The current volatility for Iman Fund (IMANX) is 3.77%, while Wahed FTSE USA Shariah ETF (HLAL) has a volatility of 4.10%. This indicates that IMANX experiences smaller price fluctuations and is considered to be less risky than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.