MID vs. HLAL
Compare and contrast key facts about American Century Mid Cap Growth Impact ETF (MID) and Wahed FTSE USA Shariah ETF (HLAL).
MID and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MID is an actively managed fund by American Century. It was launched on Jul 15, 2020. 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: MID or HLAL.
Key characteristics
| MID | HLAL | |
|---|---|---|
| YTD Return | 23.30% | 16.59% |
| 1Y Return | 36.31% | 22.73% |
| 3Y Return (Ann) | 0.28% | 9.51% |
| Sharpe Ratio | 2.45 | 1.94 |
| Sortino Ratio | 3.36 | 2.57 |
| Omega Ratio | 1.41 | 1.35 |
| Calmar Ratio | 1.53 | 2.71 |
| Martin Ratio | 16.30 | 10.17 |
| Ulcer Index | 2.51% | 2.47% |
| Daily Std Dev | 16.74% | 12.93% |
| Max Drawdown | -40.15% | -33.57% |
| Current Drawdown | -0.65% | -0.38% |
Correlation
The correlation between MID and HLAL is 0.80, 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
MID vs. HLAL - Performance Comparison
In the year-to-date period, MID achieves a 23.30% return, which is significantly higher than HLAL's 16.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MID vs. HLAL - Expense Ratio Comparison
MID has a 0.45% expense ratio, which is lower than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
MID vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) 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
MID vs. HLAL - Dividend Comparison
MID's dividend yield for the trailing twelve months is around 0.13%, less than HLAL's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MID American Century Mid Cap Growth Impact ETF | 0.13% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
MID vs. HLAL - Drawdown Comparison
The maximum MID drawdown since its inception was -40.15%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for MID and HLAL. For additional features, visit the drawdowns tool.
Volatility
MID vs. HLAL - Volatility Comparison
American Century Mid Cap Growth Impact ETF (MID) has a higher volatility of 4.30% compared to Wahed FTSE USA Shariah ETF (HLAL) at 4.07%. This indicates that MID'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.