RITA vs. HLAL

Last updated Jun 4, 2026

RITA (ETFB Green SRI REITs ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both exchange-traded funds - RITA is a REIT fund tracking the FTSE EPRA Nareit IdealRatings Developed REITs Islamic Green Capped Index - Benchmark TR Gross, while HLAL is a Large Cap Growth Equities fund tracking the FTSE Shariah USA Index. Both are passively managed. Over the past 3 years, RITA returned 5.28%/yr vs 22.04%/yr for HLAL. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

RITA vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFB Green SRI REITs ETF (RITA) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RITA achieves a 5.12% return, which is significantly lower than HLAL's 18.72% return.

RITA

• 1D: 0.09%
• 1M: -2.22%
• YTD: 5.12%
• 6M: 3.88%
• 1Y: 7.90%
• 3Y*: 5.28%
• 5Y*: —
• 10Y*: —

HLAL

• 1D: -0.07%
• 1M: 9.45%
• YTD: 18.72%
• 6M: 17.75%
• 1Y: 43.63%
• 3Y*: 22.04%
• 5Y*: 15.86%
• 10Y*: —

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

RITA vs. HLAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RITA ETFB Green SRI REITs ETF	5.12%	3.93%	1.93%	9.66%	-29.30%	5.53%
HLAL Wahed FTSE USA Shariah ETF	18.72%	18.30%	16.70%	30.13%	-17.56%	3.09%

Correlation

The correlation between RITA and HLAL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.54

The correlation between RITA and HLAL shifts across timeframes, from 0.35 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

RITA vs. HLAL - Sectors Allocation Comparison

Sectors	RITA	HLAL
Real Estate	100.0%	0.8%
Basic Materials	-	2.5%
Communication Services	-	16.7%
Consumer Cyclical	-	5.6%
Consumer Defensive	-	2.9%
Energy	-	4.5%
Financial Services	-	0.0%
Healthcare	-	10.5%
Industrials	-	4.6%
Technology	-	50.4%
Utilities	-	1.0%

Return for Risk

RITA vs. HLAL — Risk / Return Rank

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

RITA

RITA Risk / Return Rank: 20
RITA Sharpe Ratio Rank: 19
RITA Sortino Ratio Rank: 18
RITA Omega Ratio Rank: 18
RITA Calmar Ratio Rank: 20
RITA Martin Ratio Rank: 24

HLAL

HLAL Risk / Return Rank: 88
HLAL Sharpe Ratio Rank: 91
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.

RITA vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFB Green SRI REITs ETF (RITA) 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.

	RITA	HLAL	Difference
Sharpe ratio Return per unit of total volatility	0.62	3.33	-2.70
Sortino ratio Return per unit of downside risk	0.93	4.62	-3.69
Omega ratio Gain probability vs. loss probability	1.12	1.59	-0.47
Calmar ratio Return relative to maximum drawdown	0.89	4.30	-3.41
Martin ratio Return relative to average drawdown	3.11	19.85	-16.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RITA vs. HLAL - Sharpe Ratio Comparison

The current RITA Sharpe Ratio is 0.62, which is lower than the HLAL Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of RITA and HLAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RITA	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	3.33	-2.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.89	-1.01

Drawdowns

RITA vs. HLAL - Drawdown Comparison

The maximum RITA drawdown since its inception was -35.92%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for RITA and HLAL.

Drawdown Indicators

	RITA	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-35.92%	-33.57%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-10.20%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.85%	-21.67%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.18%	—
Current Drawdown Current decline from peak	-13.67%	-0.07%	-13.60%
Average Drawdown Average peak-to-trough decline	-20.63%	-5.00%	-15.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.20%	+0.34%

Volatility

RITA vs. HLAL - Volatility Comparison

ETFB Green SRI REITs ETF (RITA) has a higher volatility of 3.97% compared to Wahed FTSE USA Shariah ETF (HLAL) at 3.70%. This indicates that RITA'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.

Volatility by Period

	RITA	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	3.70%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	9.95%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	13.17%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	17.60%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	20.21%	-2.45%

RITA vs. HLAL - Expense Ratio Comparison

Both RITA and HLAL have an expense ratio of 0.50%.

Dividends

RITA vs. HLAL - Dividend Comparison

RITA's dividend yield for the trailing twelve months is around 2.72%, more than HLAL's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HLAL Wahed FTSE USA Shariah ETF	0.44%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%
RITA ETFB Green SRI REITs ETF	2.72%	2.50%	3.12%	3.25%	2.41%	0.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RITA and HLAL in my portfolio?

RITA and HLAL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RITA or HLAL?

RITA has higher volatility (3.97%) compared to HLAL (3.70%). In terms of maximum drawdown, RITA dropped -35.92% vs HLAL's -33.57%.

Which ETF is better, RITA or HLAL?

On 3-year performance, HLAL leads with 22.04% vs 5.28% for RITA. Both ETFs have the same 0.50% expense ratio. On volatility, HLAL has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RITA or HLAL?

Over the 3-year period, HLAL has performed better with a 22.04% return vs 5.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RITA or HLAL?

RITA and HLAL have the same expense ratio: 0.50% per year.

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

RITA has the higher dividend yield at 2.72%, compared with 0.44% for HLAL.

What is the main difference between RITA and HLAL?

RITA is categorized as REIT, while HLAL is Large Cap Growth Equities. RITA tracks FTSE EPRA Nareit IdealRatings Developed REITs Islamic Green Capped Index - Benchmark TR Gross, while HLAL tracks FTSE Shariah USA Index. They also come from different issuers: ETFB and Wahed.

Which has better risk-adjusted returns?

HLAL currently has the higher Sharpe Ratio (3.33 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.