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SPTE vs. HLAL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPTE and HLAL is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

SPTE vs. HLAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and Wahed FTSE USA Shariah ETF (HLAL). The values are adjusted to include any dividend payments, if applicable.

0.00%10.00%20.00%30.00%40.00%50.00%December2025FebruaryMarchAprilMay
34.49%
12.29%
SPTE
HLAL

Key characteristics

Sharpe Ratio

SPTE:

0.40

HLAL:

0.11

Sortino Ratio

SPTE:

0.75

HLAL:

0.33

Omega Ratio

SPTE:

1.10

HLAL:

1.05

Calmar Ratio

SPTE:

0.47

HLAL:

0.13

Martin Ratio

SPTE:

1.46

HLAL:

0.45

Ulcer Index

SPTE:

8.14%

HLAL:

6.10%

Daily Std Dev

SPTE:

30.96%

HLAL:

20.29%

Max Drawdown

SPTE:

-25.54%

HLAL:

-33.57%

Current Drawdown

SPTE:

-9.00%

HLAL:

-10.58%

Returns By Period

In the year-to-date period, SPTE achieves a -4.13% return, which is significantly higher than HLAL's -6.93% return.


SPTE

YTD

-4.13%

1M

7.75%

6M

-4.29%

1Y

12.30%

5Y*

N/A

10Y*

N/A

HLAL

YTD

-6.93%

1M

3.68%

6M

-7.17%

1Y

2.21%

5Y*

15.35%

10Y*

N/A

*Annualized

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SPTE vs. HLAL - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than HLAL's 0.50% expense ratio.


Risk-Adjusted Performance

SPTE vs. HLAL — Risk-Adjusted Performance Rank

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

SPTE
The Risk-Adjusted Performance Rank of SPTE is 5252
Overall Rank
The Sharpe Ratio Rank of SPTE is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of SPTE is 5353
Sortino Ratio Rank
The Omega Ratio Rank of SPTE is 5151
Omega Ratio Rank
The Calmar Ratio Rank of SPTE is 5858
Calmar Ratio Rank
The Martin Ratio Rank of SPTE is 5151
Martin Ratio Rank

HLAL
The Risk-Adjusted Performance Rank of HLAL is 2727
Overall Rank
The Sharpe Ratio Rank of HLAL is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of HLAL is 2727
Sortino Ratio Rank
The Omega Ratio Rank of HLAL is 2828
Omega Ratio Rank
The Calmar Ratio Rank of HLAL is 2929
Calmar Ratio Rank
The Martin Ratio Rank of HLAL is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPTE vs. HLAL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.


The current SPTE Sharpe Ratio is 0.40, which is higher than the HLAL Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of SPTE and HLAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002025FebruaryMarchAprilMay
0.40
0.11
SPTE
HLAL

Dividends

SPTE vs. HLAL - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.54%, less than HLAL's 0.72% yield.


TTM202420232022202120202019
SPTE
SP Funds S&P Global Technology ETF
0.54%0.49%0.00%0.00%0.00%0.00%0.00%
HLAL
Wahed FTSE USA Shariah ETF
0.72%0.58%0.72%1.15%0.78%0.97%0.72%

Drawdowns

SPTE vs. HLAL - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.54%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SPTE and HLAL. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-9.00%
-10.58%
SPTE
HLAL

Volatility

SPTE vs. HLAL - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 8.97% compared to Wahed FTSE USA Shariah ETF (HLAL) at 7.32%. This indicates that SPTE'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.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
8.97%
7.32%
SPTE
HLAL