QFRD vs. HLAL

Last updated Aug 1, 2026

QFRD (Pacer S&P 500 Quality FCF R&D Leaders ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both exchange-traded funds - QFRD is a Quality Factor fund tracking the S&P 500 Quality FCF R&D Leaders Index, while HLAL is a Large Cap Growth Equities fund tracking the FTSE Shariah USA Index. Both are passively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. QFRD charges 0.49%/yr vs 0.50%/yr for HLAL.

Performance

QFRD vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P 500 Quality FCF R&D Leaders ETF (QFRD) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QFRD

• 1D: 0.40%
• 1M: 0.30%
• 6M: 17.23%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HLAL

• 1D: 0.12%
• 1M: -0.57%
• 6M: 10.76%
• YTD: 12.86%
• 1Y: 30.01%
• 3Y*: 17.36%
• 5Y*: 13.34%
• 10Y*: —
• ALL TIME*: 16.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HLAL Wahed FTSE USA Shariah ETF	$3.42M	$3.57M	$4.40M
QFRD Pacer S&P 500 Quality FCF R&D Leaders ETF	$22.97K	$34.82K	$12.88K

QFRD vs. HLAL - Yearly Performance Comparison

	2026 (YTD)
QFRD Pacer S&P 500 Quality FCF R&D Leaders ETF	13.35%
HLAL Wahed FTSE USA Shariah ETF	10.83%

Correlation

The correlation between QFRD and HLAL is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.74

Return for Risk

QFRD vs. HLAL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QFRD

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

HLAL

HLAL Risk / Return Rank: 79
HLAL Sharpe Ratio Rank: 80
HLAL Sortino Ratio Rank: 80
HLAL Omega Ratio Rank: 77
HLAL Calmar Ratio Rank: 78
HLAL Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QFRD vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P 500 Quality FCF R&D Leaders ETF (QFRD) 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.

	QFRD	HLAL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.58	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.75	—
Martin ratio: Return relative to average drawdown	—	10.11	—

Drawdowns

QFRD vs. HLAL - Drawdown Comparison

The maximum QFRD drawdown since its inception was -9.69%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for QFRD and HLAL.

Drawdown Indicators

	QFRD	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-9.69%	-33.57%	+23.88%
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	-3.65%	-5.00%	+1.35%
Average Drawdown Average peak-to-trough decline	-3.45%	-4.98%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.77%	—

Volatility

Volatility by Period

	QFRD	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	15.30%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	17.91%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	20.23%	-1.06%

QFRD vs. HLAL - Expense Ratio Comparison

QFRD has a 0.49% expense ratio, which is lower than HLAL's 0.50% expense ratio.

Dividends

QFRD vs. HLAL - Dividend Comparison

QFRD's dividend yield for the trailing twelve months is around 0.11%, less than HLAL's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HLAL Wahed FTSE USA Shariah ETF	0.46%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%
QFRD Pacer S&P 500 Quality FCF R&D Leaders ETF	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QFRD and HLAL in my portfolio?

QFRD and HLAL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QFRD or HLAL?

On fees, QFRD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QFRD or HLAL?

QFRD is cheaper with a 0.49% expense ratio, compared with 0.50% for HLAL.

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

HLAL has the higher dividend yield at 0.46%, compared with 0.11% for QFRD.

What is the main difference between QFRD and HLAL?

QFRD is categorized as Quality Factor, while HLAL is Large Cap Growth Equities. QFRD tracks S&P 500 Quality FCF R&D Leaders Index, while HLAL tracks FTSE Shariah USA Index. They also come from different issuers: Pacer and Wahed. Their fees differ too: 0.49% for QFRD and 0.50% for HLAL.