HLAL vs. QQA ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	QQA
30 Days	2.35%	4.30%
60 Days	1.62%	5.68%
90 Days	3.31%	6.30%
12 Months	20.13%

50 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in QQA	Overlap
AAPL	C	14.91%	6.56%	6.56%
ADBE	C	0.98%	1.11%	0.98%
ADI	D	0.47%	0.51%	0.47%
ADP	B	0.55%	0.6%	0.55%
ADSK	A	0.3%	0.32%	0.3%
AMAT	F	0.63%	0.69%	0.63%
AMD	F	0.99%	1.08%	0.99%
ANSS	B	0.13%	0.14%	0.13%
BIIB	F	0.1%	0.11%	0.1%
BKR	B	0.2%	0.21%	0.2%
CDNS	B	0.37%	0.39%	0.37%
CEG	D	0.33%	0.35%	0.33%
CSCO	B	1.04%	1.15%	1.04%
CTAS	B	0.34%	0.43%	0.34%
DLTR	F	0.06%	0.07%	0.06%
EA	A	0.2%	0.21%	0.2%
FANG	D	0.15%	0.26%	0.15%
FAST	B	0.21%	0.23%	0.21%
GEHC	F	0.17%	0.18%	0.17%
GFS	C	0.02%	0.11%	0.02%
GOOG	C	3.91%	1.86%	1.86%
GOOGL	C	4.63%	1.94%	1.94%
IDXX	F	0.15%	0.17%	0.15%
ILMN	D	0.09%	0.11%	0.09%
INTC	D	0.46%	0.51%	0.46%
ISRG	A	0.85%	0.93%	0.85%
KDP	D	0.15%	0.21%	0.15%
KLAC	D	0.37%	0.41%	0.37%
LIN	D	0.97%	1.06%	0.97%
LRCX	F	0.41%	0.45%	0.41%
LULU	C	0.17%	0.19%	0.17%
MDLZ	F	0.39%	0.43%	0.39%
META	D	5.55%	3.69%	3.69%
MRVL	B	0.35%	0.38%	0.35%
MSFT	F	13.84%	5.91%	5.91%
MU	D	0.49%	0.53%	0.49%
NXPI	D	0.25%	0.27%	0.25%
ODFL	B	0.19%	0.23%	0.19%
ON	D	0.13%	0.14%	0.13%
PANW	C	0.54%	0.62%	0.54%
PCAR	B	0.25%	0.29%	0.25%
QCOM	F	0.77%	0.88%	0.77%
REGN	F	0.35%	0.4%	0.35%
ROP	B	0.26%	0.29%	0.26%
ROST	C	0.21%	0.23%	0.21%
SMCI	F	0.06%	0.05%	0.05%
SNPS	B	0.37%	0.4%	0.37%
TSLA	B	4.25%	2.98%	2.98%
TTWO	A	0.14%	0.15%	0.14%
TXN	C	0.81%	0.91%	0.81%

HLAL Overweight 148 Positions Relative to QQA

Symbol	Grade	Weight
XOM	B	2.42%
PG	A	1.81%
JNJ	D	1.65%
CRM	B	1.36%
CVX	A	1.24%
MRK	F	1.11%
KO	D	1.1%
NOW	A	0.92%
ABT	B	0.9%
TMO	F	0.87%
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
COP	C	0.6%
MDT	D	0.49%
PLD	D	0.48%
UPS	C	0.43%
TT	A	0.42%
GEV	B	0.41%
NKE	D	0.4%
WELL	A	0.37%
MCK	B	0.36%
EMR	A	0.33%
APD	A	0.33%
MMM	D	0.32%
BDX	F	0.29%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
PSX	C	0.25%
JCI	C	0.25%
MPC	D	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
CMI	A	0.22%
NEM	D	0.22%
GWW	B	0.22%
AXON	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%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
NUE	C	0.16%
MLM	B	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%
WAB	B	0.15%
EBAY	D	0.14%
GRMN	B	0.14%
ROK	B	0.14%
PPG	F	0.13%
TSCO	D	0.13%
CAH	B	0.13%
XYL	D	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%
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%
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%
CF	B	0.07%
IP	B	0.07%
ICLR	D	0.07%
BG	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%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 51 Positions Relative to QQA

Symbol	Grade	Weight
NVDA	C	-6.68%
AMZN	C	-4.08%
AVGO	D	-3.78%
COST	B	-1.99%
NFLX	A	-1.75%
TMUS	B	-1.36%
PEP	F	-1.08%
INTU	C	-0.95%
BKNG	A	-0.83%
CMCSA	B	-0.82%
AMGN	D	-0.75%
HON	B	-0.74%
VRTX	F	-0.6%
SBUX	A	-0.55%
GILD	C	-0.54%
MELI	D	-0.47%
PYPL	B	-0.43%
MAR	B	-0.39%
PDD	F	-0.38%
CRWD	B	-0.38%
FTNT	C	-0.36%
ORLY	B	-0.35%
CSX	B	-0.34%
DASH	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
CHTR	C	-0.28%
CPRT	A	-0.27%
WDAY	B	-0.27%
TTD	B	-0.26%
AEP	D	-0.25%
MNST	C	-0.25%
PAYX	C	-0.25%
VRSK	A	-0.2%
KHC	F	-0.19%
XEL	A	-0.19%
CTSH	B	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
CSGP	D	-0.14%
CDW	F	-0.12%
WBD	C	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%