RSMV vs. HLAL

Last updated Jun 5, 2026

RSMV (Relative Strength Managed Volatility Strategy ETF) and HLAL (Wahed FTSE USA Shariah ETF) are both Large Cap Growth Equities funds. RSMV is actively managed, while HLAL is passively managed. Over the past year, RSMV returned 25.51% vs 42.63% for HLAL. A 0.80 correlation means they provide meaningful diversification when combined. RSMV charges 0.95%/yr vs 0.50%/yr for HLAL.

Performance

RSMV vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Relative Strength Managed Volatility Strategy ETF (RSMV) 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, RSMV achieves a 9.21% return, which is significantly lower than HLAL's 18.08% return.

RSMV

• 1D: 0.25%
• 1M: 6.55%
• YTD: 9.21%
• 6M: 9.78%
• 1Y: 25.51%
• 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)

RSMV vs. HLAL - Yearly Performance Comparison

	2026 (YTD)	2025
RSMV Relative Strength Managed Volatility Strategy ETF	9.21%	11.08%
HLAL Wahed FTSE USA Shariah ETF	18.08%	19.11%

Correlation

The correlation between RSMV and HLAL is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.80

The correlation between RSMV and HLAL has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

RSMV vs. HLAL - Sectors Allocation Comparison

Sectors	RSMV	HLAL
Technology	34.7%	50.4%
Financial Services	33.9%	0.0%
Consumer Defensive	9.8%	2.9%
Consumer Cyclical	5.4%	5.6%
Communication Services	5.1%	16.7%
Energy	5.0%	4.5%
Utilities	2.8%	1.0%
Industrials	2.8%	4.6%
Basic Materials	2.6%	2.5%
Healthcare	2.5%	10.5%
Real Estate	-	0.8%

Return for Risk

RSMV vs. HLAL — Risk / Return Rank

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

RSMV

RSMV Risk / Return Rank: 68
RSMV Sharpe Ratio Rank: 66
RSMV Sortino Ratio Rank: 66
RSMV Omega Ratio Rank: 63
RSMV Calmar Ratio Rank: 72
RSMV Martin Ratio Rank: 73

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.

RSMV vs. HLAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Strength Managed Volatility Strategy ETF (RSMV) 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.

	RSMV	HLAL	Difference
Sharpe ratio: Return per unit of total volatility	2.15	3.25	-1.10
Sortino ratio: Return per unit of downside risk	3.00	4.52	-1.53
Omega ratio: Gain probability vs. loss probability	1.38	1.57	-0.19
Calmar ratio: Return relative to maximum drawdown	3.52	4.20	-0.67
Martin ratio: Return relative to average drawdown	13.47	19.39	-5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSMV vs. HLAL - Sharpe Ratio Comparison

The current RSMV Sharpe Ratio is 2.15, which is lower than the HLAL Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of RSMV 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

	RSMV	HLAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	3.25	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.89	+0.15

Drawdowns

RSMV vs. HLAL - Drawdown Comparison

The maximum RSMV drawdown since its inception was -17.58%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for RSMV and HLAL.

Drawdown Indicators

	RSMV	HLAL	Difference
Max Drawdown Largest peak-to-trough decline	-17.58%	-33.57%	+15.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-10.20%	+2.93%
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	-0.58%	-0.61%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.96%	-5.00%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.20%	-0.30%

Volatility

RSMV vs. HLAL - Volatility Comparison

Relative Strength Managed Volatility Strategy ETF (RSMV) has a higher volatility of 4.39% compared to Wahed FTSE USA Shariah ETF (HLAL) at 3.59%. This indicates that RSMV'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

	RSMV	HLAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	3.59%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	9.97%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.94%	13.19%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	17.60%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	20.21%	-5.69%

RSMV vs. HLAL - Expense Ratio Comparison

RSMV has a 0.95% expense ratio, which is higher than HLAL's 0.50% expense ratio.

Dividends

RSMV vs. HLAL - Dividend Comparison

RSMV's dividend yield for the trailing twelve months is around 0.92%, more 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%
RSMV Relative Strength Managed Volatility Strategy ETF	0.92%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSMV and HLAL in my portfolio?

RSMV and HLAL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSMV or HLAL?

RSMV has higher volatility (4.39%) compared to HLAL (3.59%). In terms of maximum drawdown, RSMV dropped -17.58% vs HLAL's -33.57%.

Which ETF is better, RSMV or HLAL?

On 1-year performance, HLAL leads with 42.63% vs 25.51% for RSMV. On fees, HLAL is cheaper at 0.50% per year. On volatility, HLAL has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSMV or HLAL?

Over the 1-year period, HLAL has performed better with a 42.63% return vs 25.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSMV or HLAL?

HLAL is cheaper with a 0.50% expense ratio, compared with 0.95% for RSMV.

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

RSMV has the higher dividend yield at 0.92%, compared with 0.45% for HLAL.

What is the main difference between RSMV and HLAL?

They also come from different issuers: Teucrium and Wahed. Their fees differ too: 0.95% for RSMV and 0.50% for HLAL.

Which has better risk-adjusted returns?

HLAL currently has the higher Sharpe Ratio (3.25 vs 2.15), 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.