NYSX vs. HLAL

Last updated Jul 12, 2026

NYSX (Global X NYSE 100 ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both Large Cap Growth Equities funds - NYSX tracks the NYSE 100 Index while HLAL tracks the FTSE Shariah USA Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. NYSX charges 0.09%/yr vs 0.50%/yr for HLAL.

Performance

NYSX vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NYSE 100 ETF (NYSX) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NYSX

• 1D: 0.33%
• 1M: 2.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HLAL

• 1D: 0.67%
• 1M: 2.34%
• 6M: 14.48%
• YTD: 16.33%
• 1Y: 33.71%
• 3Y*: 19.99%
• 5Y*: 14.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NYSX vs. HLAL - Yearly Performance Comparison

	2026 (YTD)
NYSX Global X NYSE 100 ETF	31.20%
HLAL Wahed FTSE USA Shariah ETF	19.98%

Correlation

The correlation between NYSX and HLAL is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.94

Return for Risk

NYSX vs. HLAL — Risk / Return Rank

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

NYSX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HLAL

HLAL Risk / Return Rank: 84
HLAL Sharpe Ratio Rank: 88
HLAL Sortino Ratio Rank: 87
HLAL Omega Ratio Rank: 85
HLAL Calmar Ratio Rank: 79
HLAL Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NYSX vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NYSE 100 ETF (NYSX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NYSX	HLAL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.29	—
Sortino ratio: Return per unit of downside risk	—	3.16	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.29	—
Martin ratio: Return relative to average drawdown	—	13.24	—

Drawdowns

NYSX vs. HLAL - Drawdown Comparison

The maximum NYSX drawdown since its inception was -8.78%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for NYSX and HLAL.

Drawdown Indicators

	NYSX	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-33.57%	+24.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.18%	—
Current Drawdown Current decline from peak	-3.79%	-2.09%	-1.70%
Average Drawdown Average peak-to-trough decline	-2.07%	-4.98%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.53%	—

Volatility

Volatility by Period

	NYSX	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	14.64%	+12.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	17.84%	+9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.97%	20.24%	+6.73%

NYSX vs. HLAL - Expense Ratio Comparison

NYSX has a 0.09% expense ratio, which is lower than HLAL's 0.50% expense ratio.

Dividends

NYSX vs. HLAL - Dividend Comparison

NYSX's dividend yield for the trailing twelve months is around 0.05%, less than HLAL's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HLAL Wahed FTSE USA Shariah ETF	0.45%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%
NYSX Global X NYSE 100 ETF	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NYSX and HLAL in my portfolio?

With a correlation of 0.94, NYSX and HLAL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NYSX or HLAL?

On fees, NYSX is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NYSX or HLAL?

NYSX is cheaper with a 0.09% expense ratio, compared with 0.50% for HLAL.

Which ETF pays a higher dividend yield, NYSX or HLAL?

HLAL has the higher dividend yield at 0.45%, compared with 0.05% for NYSX.

What is the main difference between NYSX and HLAL?

NYSX tracks NYSE 100 Index, while HLAL tracks FTSE Shariah USA Index. They also come from different issuers: Global X and Wahed. Their fees differ too: 0.09% for NYSX and 0.50% for HLAL.