SPUS vs. HLAL
Compare and contrast key facts about SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and Wahed FTSE USA Shariah ETF (HLAL).
SPUS and HLAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. 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 SPUS 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: SPUS or HLAL.
Key characteristics
| SPUS | HLAL | |
|---|---|---|
| YTD Return | 10.02% | 5.59% |
| 1Y Return | 29.65% | 22.82% |
| 3Y Return (Ann) | 11.80% | 9.94% |
| Sharpe Ratio | 2.15 | 1.80 |
| Daily Std Dev | 13.47% | 12.24% |
| Max Drawdown | -30.80% | -33.57% |
| Current Drawdown | -1.31% | -1.09% |
Correlation
The correlation between SPUS and HLAL is 0.95, 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
SPUS vs. HLAL - Performance Comparison
In the year-to-date period, SPUS achieves a 10.02% return, which is significantly higher than HLAL's 5.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPUS vs. HLAL - Expense Ratio Comparison
SPUS has a 0.49% expense ratio, which is lower than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
SPUS vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) 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
SPUS vs. HLAL - Dividend Comparison
SPUS's dividend yield for the trailing twelve months is around 0.79%, more than HLAL's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.79% | 0.87% | 1.21% | 0.93% | 1.04% | 0.00% |
HLAL Wahed FTSE USA Shariah ETF | 0.55% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% |
Drawdowns
SPUS vs. HLAL - Drawdown Comparison
The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for SPUS and HLAL. For additional features, visit the drawdowns tool.
Volatility
SPUS vs. HLAL - Volatility Comparison
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 5.01% compared to Wahed FTSE USA Shariah ETF (HLAL) at 4.49%. This indicates that SPUS'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.