NYSX vs. HLAL

Last updated Jun 5, 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 0.92 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: -0.36%
• 1M: 11.23%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HLAL

• 1D: -0.54%
• 1M: 7.05%
• YTD: 18.08%
• 6M: 17.15%
• 1Y: 42.63%
• 3Y*: 21.88%
• 5Y*: 15.73%
• 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	34.86%
HLAL Wahed FTSE USA Shariah ETF	24.32%

Correlation

The correlation between NYSX and HLAL is 0.92, 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 27, 2026	0.92

Return for Risk

NYSX vs. HLAL — Risk / Return Rank

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

HLAL

HLAL Risk / Return Rank: 89
HLAL Sharpe Ratio Rank: 92
HLAL Sortino Ratio Rank: 92
HLAL Omega Ratio Rank: 90
HLAL Calmar Ratio Rank: 81
HLAL Martin Ratio Rank: 88

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.

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

Sharpe Ratios by Period

	NYSX	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.95	0.89	+17.06

Drawdowns

NYSX vs. HLAL - Drawdown Comparison

The maximum NYSX drawdown since its inception was -3.46%, 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	-3.46%	-33.57%	+30.11%
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	-1.37%	-0.61%	-0.76%
Average Drawdown Average peak-to-trough decline	-0.52%	-5.00%	+4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.20%	—

Volatility

Volatility by Period

	NYSX	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	13.19%	+8.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	17.60%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	20.21%	+1.23%

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 has not paid dividends to shareholders, while HLAL's dividend yield for the trailing twelve months is around 0.45%.

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	0.00%	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 0.92, 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 0.00% 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.