SPRE vs. HLAL
Compare and contrast key facts about SP Funds S&P Global REIT Sharia ETF (SPRE) and Wahed FTSE USA Shariah ETF (HLAL).
SPRE and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPRE is a passively managed fund by Toroso Investments that tracks the performance of the S&P Global All Equity REIT Shariah Capped Index. It was launched on Dec 30, 2020. HLAL is a passively managed fund by Wahed that tracks the performance of the FTSE Shariah USA Index. It was launched on Jul 16, 2019. Both SPRE and HLAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPRE or HLAL.
Performance
SPRE vs. HLAL - Performance Comparison
Returns By Period
In the year-to-date period, SPRE achieves a 7.20% return, which is significantly lower than HLAL's 15.55% return.
SPRE
7.20%
-1.26%
10.07%
21.38%
N/A
N/A
HLAL
15.55%
0.71%
6.13%
20.46%
15.97%
N/A
Key characteristics
| SPRE | HLAL | |
|---|---|---|
| Sharpe Ratio | 1.30 | 1.56 |
| Sortino Ratio | 1.89 | 2.09 |
| Omega Ratio | 1.23 | 1.28 |
| Calmar Ratio | 0.66 | 2.17 |
| Martin Ratio | 5.17 | 8.13 |
| Ulcer Index | 4.04% | 2.48% |
| Daily Std Dev | 16.09% | 12.92% |
| Max Drawdown | -38.34% | -33.57% |
| Current Drawdown | -17.31% | -1.26% |
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SPRE vs. HLAL - Expense Ratio Comparison
SPRE has a 0.69% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Correlation
The correlation between SPRE and HLAL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SPRE vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global REIT Sharia ETF (SPRE) 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.
Dividends
SPRE vs. HLAL - Dividend Comparison
SPRE's dividend yield for the trailing twelve months is around 4.01%, more than HLAL's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SPRE SP Funds S&P Global REIT Sharia ETF | 4.01% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.70% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
SPRE vs. HLAL - Drawdown Comparison
The maximum SPRE drawdown since its inception was -38.34%, which is greater than HLAL's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SPRE and HLAL. For additional features, visit the drawdowns tool.
Volatility
SPRE vs. HLAL - Volatility Comparison
SP Funds S&P Global REIT Sharia ETF (SPRE) and Wahed FTSE USA Shariah ETF (HLAL) have volatilities of 4.60% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.