HLAL vs. PHEQ ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Parametric Hedged Equity ETF (PHEQ)

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

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	PHEQ
30 Days	2.35%	1.99%
60 Days	1.62%	3.02%
90 Days	3.31%	3.86%
12 Months	20.13%	16.61%

69 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in PHEQ	Overlap
AAPL	C	14.91%	6.85%	6.85%
ABT	B	0.9%	0.6%	0.6%
ADBE	C	0.98%	0.48%	0.48%
AGR	B	0.01%	0.07%	0.01%
AKAM	D	0.06%	0.16%	0.06%
ALGN	D	0.08%	0.06%	0.06%
AMD	F	0.99%	0.51%	0.51%
APTV	D	0.06%	0.14%	0.06%
ARE	D	0.08%	0.21%	0.08%
BLDR	D	0.09%	0.08%	0.08%
COR	B	0.18%	0.3%	0.18%
CRM	B	1.36%	0.63%	0.63%
CSCO	B	1.04%	0.79%	0.79%
CTAS	B	0.34%	0.42%	0.34%
CVX	A	1.24%	0.84%	0.84%
DAL	C	0.05%	0.39%	0.05%
DELL	C	0.16%	0.14%	0.14%
DOV	A	0.12%	0.33%	0.12%
DVN	F	0.11%	0.17%	0.11%
EXPD	D	0.08%	0.23%	0.08%
FANG	D	0.15%	0.24%	0.15%
GLW	B	0.16%	0.25%	0.16%
GOOG	C	3.91%	1.9%	1.9%
GOOGL	C	4.63%	2.28%	2.28%
HAL	C	0.12%	0.16%	0.12%
HUBB	B	0.11%	0.13%	0.11%
IFF	D	0.1%	0.16%	0.1%
ILMN	D	0.09%	0.05%	0.05%
ISRG	A	0.85%	0.58%	0.58%
JBHT	C	0.07%	0.24%	0.07%
JNJ	D	1.65%	1.04%	1.04%
KLAC	D	0.37%	0.34%	0.34%
KO	D	1.1%	0.77%	0.77%
LH	C	0.09%	0.31%	0.09%
LIN	D	0.97%	0.67%	0.67%
LRCX	F	0.41%	0.29%	0.29%
LULU	C	0.17%	0.21%	0.17%
LYB	F	0.1%	0.22%	0.1%
MDT	D	0.49%	0.51%	0.49%
META	D	5.55%	2.66%	2.66%
MMM	D	0.32%	0.44%	0.32%
MRK	F	1.11%	0.69%	0.69%
MRO	B	0.07%	0.24%	0.07%
MRVL	B	0.35%	0.25%	0.25%
MSFT	F	13.84%	6.55%	6.55%
MU	D	0.49%	0.31%	0.31%
NEM	D	0.22%	0.23%	0.22%
NOW	A	0.92%	0.61%	0.61%
OKTA	C	0.05%	0.04%	0.04%
ON	D	0.13%	0.14%	0.13%
PANW	C	0.54%	0.3%	0.3%
PG	A	1.81%	1.09%	1.09%
PHM	D	0.12%	0.3%	0.12%
PPG	F	0.13%	0.18%	0.13%
QCOM	F	0.77%	0.33%	0.33%
REGN	F	0.35%	0.21%	0.21%
RMD	C	0.16%	0.24%	0.16%
ROST	C	0.21%	0.32%	0.21%
SCCO	F	0.04%	0.07%	0.04%
STLD	B	0.1%	0.11%	0.1%
TMO	F	0.87%	0.59%	0.59%
TSLA	B	4.25%	1.91%	1.91%
TXN	C	0.81%	0.59%	0.59%
UBER	D	0.62%	0.29%	0.29%
ULTA	F	0.07%	0.23%	0.07%
VRT	B	0.22%	0.1%	0.1%
WLK	D	0.02%	0.04%	0.02%
XOM	B	2.42%	1.4%	1.4%
ZBH	C	0.1%	0.14%	0.1%

HLAL Overweight 129 Positions Relative to PHEQ

Symbol	Grade	Weight
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
AMAT	F	0.63%
TJX	A	0.61%
BSX	B	0.6%
COP	C	0.6%
ADP	B	0.55%
PLD	D	0.48%
ADI	D	0.47%
INTC	D	0.46%
UPS	C	0.43%
TT	A	0.42%
GEV	B	0.41%
NKE	D	0.4%
MDLZ	F	0.39%
SNPS	B	0.37%
WELL	A	0.37%
CDNS	B	0.37%
MCK	B	0.36%
EMR	A	0.33%
APD	A	0.33%
CEG	D	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%
CMI	A	0.22%
GWW	B	0.22%
FAST	B	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%
ODFL	B	0.19%
LEN	D	0.18%
CTVA	C	0.18%
GEHC	F	0.17%
A	D	0.17%
IT	C	0.17%
NUE	C	0.16%
MLM	B	0.16%
HPQ	B	0.16%
VMC	B	0.16%
DD	D	0.15%
OXY	D	0.15%
KDP	D	0.15%
WAB	B	0.15%
IDXX	F	0.15%
EBAY	D	0.14%
GRMN	B	0.14%
ROK	B	0.14%
TTWO	A	0.14%
TSCO	D	0.13%
CAH	B	0.13%
XYL	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
DOW	F	0.12%
FTV	C	0.12%
CHD	B	0.12%
TYL	B	0.11%
NTAP	C	0.11%
ADM	D	0.11%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
WY	D	0.1%
WST	C	0.1%
BIIB	F	0.1%
OMC	C	0.09%
MKC	D	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
STE	F	0.09%
WDC	D	0.09%
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%
SNA	A	0.08%
PODD	C	0.08%
EL	F	0.07%
FLEX	A	0.07%
TER	D	0.07%
CF	B	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%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
FFIV	B	0.06%
TECH	D	0.05%
IPG	D	0.05%
NWSA	B	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
TFX	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%
LUV	C	0.02%
LEN	D	0.0%

HLAL Underweight 134 Positions Relative to PHEQ

Symbol	Grade	Weight
NVDA	C	-7.12%
AMZN	C	-4.1%
JPM	A	-1.73%
AVGO	D	-1.71%
BRK.A	B	-1.42%
LLY	F	-1.39%
UNH	C	-1.37%
V	A	-1.28%
HD	A	-1.15%
MA	C	-1.14%
COST	B	-1.07%
BAC	A	-0.98%
WMT	A	-0.96%
ABBV	D	-0.85%
NFLX	A	-0.8%
ORCL	B	-0.73%
PEP	F	-0.72%
T	A	-0.68%
WFC	A	-0.67%
LMT	D	-0.58%
DIS	B	-0.57%
LOW	D	-0.57%
AXP	A	-0.57%
IBM	C	-0.56%
CAT	B	-0.55%
UNP	C	-0.52%
TMUS	B	-0.51%
BMY	B	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
AMGN	D	-0.45%
DE	A	-0.44%
WM	A	-0.44%
ETR	B	-0.4%
TRV	B	-0.39%
MS	A	-0.39%
BKNG	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
YUM	B	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
DRI	B	-0.3%
AEE	A	-0.3%
APO	B	-0.3%
DOC	D	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
CFG	B	-0.26%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
MKL	A	-0.23%
LNG	B	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
AMCR	D	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
CAG	D	-0.17%
ABNB	C	-0.15%
MOH	F	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
IBKR	A	-0.11%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
ZS	C	-0.08%
NET	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
BSY	D	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%