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.
SPTE vs. HLAL
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and Wahed FTSE USA Shariah ETF (HLAL).
SPTE and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023. 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 SPTE 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: SPTE or HLAL.
Performance
SPTE vs. HLAL - Performance Comparison
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Key characteristics
SPTE:
0.43
HLAL:
0.32
SPTE:
0.68
HLAL:
0.48
SPTE:
1.09
HLAL:
1.07
SPTE:
0.40
HLAL:
0.22
SPTE:
1.25
HLAL:
0.76
SPTE:
8.19%
HLAL:
6.29%
SPTE:
31.21%
HLAL:
20.78%
SPTE:
-25.54%
HLAL:
-33.57%
SPTE:
-4.13%
HLAL:
-6.78%
Returns By Period
In the year-to-date period, SPTE achieves a 1.00% return, which is significantly higher than HLAL's -2.98% return.
SPTE
1.00%
9.50%
2.68%
13.20%
N/A
N/A
N/A
HLAL
-2.98%
5.82%
-3.76%
6.61%
10.70%
15.42%
N/A
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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
SPTE
HLAL
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.
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Dividends
SPTE vs. HLAL - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.51%, less than HLAL's 0.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.51% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 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.
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Volatility
SPTE vs. HLAL - Volatility Comparison
SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 5.86% compared to Wahed FTSE USA Shariah ETF (HLAL) at 5.44%. 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.
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