HLAL vs. FQAL ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Fidelity Quality Factor ETF (FQAL)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	FQAL
30 Days	2.35%	2.60%
60 Days	1.62%	4.35%
90 Days	3.31%	5.86%
12 Months	20.13%	30.56%

31 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in FQAL	Overlap
AAPL	C	14.91%	6.62%	6.62%
ADBE	C	0.98%	0.97%	0.97%
ADP	B	0.55%	0.64%	0.55%
AMAT	F	0.63%	0.77%	0.63%
CEG	D	0.33%	0.36%	0.33%
CF	B	0.07%	0.17%	0.07%
COP	C	0.6%	0.41%	0.41%
CTAS	B	0.34%	0.55%	0.34%
CVX	A	1.24%	0.68%	0.68%
FAST	B	0.21%	0.53%	0.21%
GOOGL	C	4.63%	3.69%	3.69%
GRMN	B	0.14%	0.86%	0.14%
GWW	B	0.22%	0.55%	0.22%
IDXX	F	0.15%	0.67%	0.15%
JNJ	D	1.65%	1.35%	1.35%
KLAC	D	0.37%	0.64%	0.37%
KO	D	1.1%	0.66%	0.66%
LIN	D	0.97%	0.52%	0.52%
LRCX	F	0.41%	0.67%	0.41%
MDLZ	F	0.39%	0.38%	0.38%
META	D	5.55%	2.51%	2.51%
MLM	B	0.16%	0.19%	0.16%
MMM	D	0.32%	0.5%	0.32%
MSFT	F	13.84%	6.3%	6.3%
NUE	C	0.16%	0.18%	0.16%
ODFL	B	0.19%	0.45%	0.19%
PANW	C	0.54%	0.96%	0.54%
PG	A	1.81%	0.98%	0.98%
PLD	D	0.48%	0.3%	0.3%
QCOM	F	0.77%	0.91%	0.77%
XOM	B	2.42%	1.16%	1.16%

HLAL Overweight 167 Positions Relative to FQAL

Symbol	Grade	Weight
TSLA	B	4.25%
GOOG	C	3.91%
CRM	B	1.36%
MRK	F	1.11%
CSCO	B	1.04%
AMD	F	0.99%
NOW	A	0.92%
ABT	B	0.9%
TMO	F	0.87%
ISRG	A	0.85%
TXN	C	0.81%
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
MDT	D	0.49%
MU	D	0.49%
ADI	D	0.47%
INTC	D	0.46%
UPS	C	0.43%
TT	A	0.42%
GEV	B	0.41%
NKE	D	0.4%
SNPS	B	0.37%
WELL	A	0.37%
CDNS	B	0.37%
MCK	B	0.36%
REGN	F	0.35%
MRVL	B	0.35%
EMR	A	0.33%
APD	A	0.33%
ADSK	A	0.3%
BDX	F	0.29%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
ROP	B	0.26%
PSX	C	0.25%
JCI	C	0.25%
MPC	D	0.25%
NXPI	D	0.25%
PCAR	B	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
CMI	A	0.22%
NEM	D	0.22%
ROST	C	0.21%
AXON	A	0.2%
BKR	B	0.2%
EA	A	0.2%
VLO	C	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
EW	C	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
LULU	C	0.17%
GEHC	F	0.17%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
HPQ	B	0.16%
GLW	B	0.16%
DELL	C	0.16%
VMC	B	0.16%
DD	D	0.15%
OXY	D	0.15%
KDP	D	0.15%
WAB	B	0.15%
FANG	D	0.15%
EBAY	D	0.14%
ROK	B	0.14%
TTWO	A	0.14%
PPG	F	0.13%
ON	D	0.13%
TSCO	D	0.13%
CAH	B	0.13%
XYL	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
PHM	D	0.12%
DOW	F	0.12%
FTV	C	0.12%
CHD	B	0.12%
DOV	A	0.12%
HAL	C	0.12%
HUBB	B	0.11%
DVN	F	0.11%
TYL	B	0.11%
NTAP	C	0.11%
ADM	D	0.11%
STLD	B	0.1%
LYB	F	0.1%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WY	D	0.1%
WST	C	0.1%
BIIB	F	0.1%
IFF	D	0.1%
OMC	C	0.09%
MKC	D	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
LH	C	0.09%
STE	F	0.09%
WDC	D	0.09%
ILMN	D	0.09%
BLDR	D	0.09%
ALGN	D	0.08%
EXPD	D	0.08%
GPC	D	0.08%
IEX	B	0.08%
BURL	A	0.08%
PNR	A	0.08%
TRMB	B	0.08%
HOLX	D	0.08%
DGX	A	0.08%
ARE	D	0.08%
SNA	A	0.08%
PODD	C	0.08%
JBHT	C	0.07%
EL	F	0.07%
FLEX	A	0.07%
MRO	B	0.07%
TER	D	0.07%
ULTA	F	0.07%
IP	B	0.07%
ICLR	D	0.07%
BG	F	0.06%
DLTR	F	0.06%
SMCI	F	0.06%
ALB	C	0.06%
SWK	D	0.06%
AKAM	D	0.06%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
FFIV	B	0.06%
APTV	D	0.06%
DAL	C	0.05%
TECH	D	0.05%
IPG	D	0.05%
NWSA	B	0.05%
JNPR	F	0.05%
OKTA	C	0.05%
BMRN	D	0.05%
TFX	F	0.04%
SCCO	F	0.04%
CRL	C	0.04%
LKQ	D	0.04%
WBA	F	0.03%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 93 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	C	-7.24%
AVGO	D	-2.0%
LLY	F	-1.72%
V	A	-1.61%
HD	A	-1.5%
MA	C	-1.48%
BKNG	A	-1.21%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
COST	B	-1.01%
PGR	A	-1.0%
GILD	C	-1.0%
NFLX	A	-0.97%
FICO	B	-0.96%
AMP	A	-0.92%
SPGI	C	-0.92%
VRTX	F	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
KNSL	B	-0.65%
QLYS	C	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
LMT	D	-0.56%
VZ	C	-0.56%
ITW	B	-0.54%
AME	A	-0.52%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
OTIS	C	-0.45%
MO	A	-0.44%
VST	B	-0.43%
TTD	B	-0.41%
CL	D	-0.36%
SO	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%