WISEX vs. HLAL
Compare and contrast key facts about Azzad Wise Capital Fund (WISEX) and Wahed FTSE USA Shariah ETF (HLAL).
WISEX is managed by Azzad Fund. It was launched on Apr 1, 2010. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WISEX or HLAL.
Key characteristics
| WISEX | HLAL | |
|---|---|---|
| YTD Return | 4.74% | 15.99% |
| 1Y Return | 6.62% | 21.90% |
| 3Y Return (Ann) | 1.77% | 9.35% |
| 5Y Return (Ann) | 2.21% | 15.97% |
| Sharpe Ratio | 5.28 | 1.73 |
| Sortino Ratio | 9.29 | 2.30 |
| Omega Ratio | 2.52 | 1.31 |
| Calmar Ratio | 5.47 | 2.38 |
| Martin Ratio | 35.60 | 8.95 |
| Ulcer Index | 0.19% | 2.47% |
| Daily Std Dev | 1.27% | 12.81% |
| Max Drawdown | -5.49% | -33.57% |
| Current Drawdown | -0.31% | -0.89% |
Correlation
The correlation between WISEX and HLAL is 0.64, 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.
Performance
WISEX vs. HLAL - Performance Comparison
In the year-to-date period, WISEX achieves a 4.74% return, which is significantly lower than HLAL's 15.99% 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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WISEX vs. HLAL - Expense Ratio Comparison
WISEX has a 0.89% expense ratio, which is higher than HLAL's 0.50% expense ratio.
Risk-Adjusted Performance
WISEX vs. HLAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azzad Wise Capital Fund (WISEX) 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
WISEX vs. HLAL - Dividend Comparison
WISEX's dividend yield for the trailing twelve months is around 3.37%, more than HLAL's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WISEX Azzad Wise Capital Fund | 3.37% | 2.63% | 1.50% | 1.19% | 1.16% | 1.84% | 1.23% | 1.12% | 0.98% | 0.67% | 0.77% | 2.49% |
HLAL Wahed FTSE USA Shariah ETF | 0.69% | 0.72% | 1.15% | 0.78% | 0.97% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WISEX vs. HLAL - Drawdown Comparison
The maximum WISEX drawdown since its inception was -5.49%, smaller than the maximum HLAL drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for WISEX and HLAL. For additional features, visit the drawdowns tool.
Volatility
WISEX vs. HLAL - Volatility Comparison
The current volatility for Azzad Wise Capital Fund (WISEX) is 0.39%, while Wahed FTSE USA Shariah ETF (HLAL) has a volatility of 4.10%. This indicates that WISEX experiences smaller price fluctuations and is considered to be less risky than HLAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.