HLAL vs. QUAL ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to iShares MSCI USA Quality Factor ETF (QUAL)

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

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	QUAL
30 Days	2.35%	1.61%
60 Days	1.62%	2.39%
90 Days	3.31%	3.34%
12 Months	20.13%	30.86%

54 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in QUAL	Overlap
A	D	0.17%	0.2%	0.17%
AAPL	C	14.91%	5.44%	5.44%
ADBE	C	0.98%	1.76%	0.98%
ADP	B	0.55%	1.75%	0.55%
AMAT	F	0.63%	1.17%	0.63%
APD	A	0.33%	0.35%	0.33%
ATO	A	0.1%	0.4%	0.1%
CDNS	B	0.37%	0.58%	0.37%
COP	C	0.6%	1.73%	0.6%
CSCO	B	1.04%	1.74%	1.04%
CTAS	B	0.34%	0.6%	0.34%
DHI	D	0.22%	0.7%	0.22%
EA	A	0.2%	0.2%	0.2%
EW	C	0.19%	0.24%	0.19%
EXPD	D	0.08%	0.12%	0.08%
FAST	B	0.21%	0.42%	0.21%
GOOG	C	3.91%	1.55%	1.55%
GOOGL	C	4.63%	1.77%	1.77%
GRMN	B	0.14%	0.48%	0.14%
GWW	B	0.22%	0.59%	0.22%
IDXX	F	0.15%	0.3%	0.15%
IPG	D	0.05%	0.05%	0.05%
JNJ	D	1.65%	2.15%	1.65%
KLAC	D	0.37%	0.77%	0.37%
KO	D	1.1%	1.43%	1.1%
LIN	D	0.97%	1.14%	0.97%
LRCX	F	0.41%	0.73%	0.41%
LULU	C	0.17%	0.66%	0.17%
META	D	5.55%	4.09%	4.09%
MMM	D	0.32%	0.5%	0.32%
MSFT	F	13.84%	4.5%	4.5%
NKE	D	0.4%	1.41%	0.4%
NTAP	C	0.11%	0.21%	0.11%
ODFL	B	0.19%	0.34%	0.19%
OMC	C	0.09%	0.1%	0.09%
PHM	D	0.12%	0.43%	0.12%
PKG	A	0.1%	0.1%	0.1%
PLD	D	0.48%	0.71%	0.48%
POOL	C	0.06%	0.22%	0.06%
PPG	F	0.13%	0.15%	0.13%
QCOM	F	0.77%	1.15%	0.77%
RMD	C	0.16%	0.17%	0.16%
ROK	B	0.14%	0.22%	0.14%
ROL	B	0.06%	0.12%	0.06%
SLB	C	0.28%	0.89%	0.28%
SMCI	F	0.06%	0.06%	0.06%
SNPS	B	0.37%	0.51%	0.37%
TJX	A	0.61%	2.03%	0.61%
TSCO	D	0.13%	0.43%	0.13%
TXN	C	0.81%	1.34%	0.81%
ULTA	F	0.07%	0.31%	0.07%
VLTO	D	0.12%	0.21%	0.12%
WBA	F	0.03%	0.03%	0.03%
WST	C	0.1%	0.12%	0.1%

HLAL Overweight 144 Positions Relative to QUAL

Symbol	Grade	Weight
TSLA	B	4.25%
XOM	B	2.42%
PG	A	1.81%
CRM	B	1.36%
CVX	A	1.24%
MRK	F	1.11%
AMD	F	0.99%
NOW	A	0.92%
ABT	B	0.9%
TMO	F	0.87%
ISRG	A	0.85%
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
UBER	D	0.62%
BSX	B	0.6%
PANW	C	0.54%
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%
MDLZ	F	0.39%
WELL	A	0.37%
MCK	B	0.36%
REGN	F	0.35%
MRVL	B	0.35%
EMR	A	0.33%
CEG	D	0.33%
ADSK	A	0.3%
BDX	F	0.29%
FDX	B	0.29%
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%
VRT	B	0.22%
CMI	A	0.22%
NEM	D	0.22%
ROST	C	0.21%
AXON	A	0.2%
BKR	B	0.2%
VLO	C	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
GEHC	F	0.17%
IT	C	0.17%
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%
KDP	D	0.15%
WAB	B	0.15%
FANG	D	0.15%
EBAY	D	0.14%
TTWO	A	0.14%
ON	D	0.13%
CAH	B	0.13%
XYL	D	0.13%
ANSS	B	0.13%
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%
ADM	D	0.11%
STLD	B	0.1%
LYB	F	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WY	D	0.1%
BIIB	F	0.1%
IFF	D	0.1%
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%
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%
CF	B	0.07%
IP	B	0.07%
ICLR	D	0.07%
BG	F	0.06%
DLTR	F	0.06%
ALB	C	0.06%
SWK	D	0.06%
AKAM	D	0.06%
REG	B	0.06%
RVTY	F	0.06%
FFIV	B	0.06%
APTV	D	0.06%
DAL	C	0.05%
TECH	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%
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 69 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	C	-6.93%
V	A	-4.5%
MA	C	-4.22%
LLY	F	-3.42%
UNH	C	-2.81%
COST	B	-2.55%
NFLX	A	-1.76%
ACN	C	-1.67%
CAT	B	-1.4%
CMG	B	-1.26%
PEP	F	-1.1%
LMT	D	-1.08%
BLK	C	-0.99%
SRE	A	-0.93%
MMC	B	-0.74%
ANET	C	-0.73%
ITW	B	-0.73%
PEG	A	-0.69%
VRTX	F	-0.62%
TPL	A	-0.58%
SHW	A	-0.57%
PSA	D	-0.55%
MCO	B	-0.53%
CME	A	-0.52%
NVR	D	-0.52%
ZTS	D	-0.51%
ED	D	-0.5%
APH	A	-0.5%
PAYX	C	-0.49%
DECK	A	-0.49%
AFL	B	-0.42%
CBRE	B	-0.35%
AMP	A	-0.33%
WSM	B	-0.29%
BBY	D	-0.29%
FERG	B	-0.28%
ACGL	D	-0.26%
CSGP	D	-0.26%
AVB	B	-0.24%
EQT	B	-0.22%
MNST	C	-0.21%
MANH	D	-0.2%
APA	D	-0.19%
TROW	B	-0.19%
MPWR	F	-0.18%
EQR	B	-0.18%
EME	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
HSY	F	-0.15%
KEYS	A	-0.15%
CBOE	B	-0.14%
WAT	B	-0.13%
WSO	A	-0.12%
FDS	B	-0.12%
GGG	B	-0.11%
ERIE	D	-0.09%
RS	B	-0.09%
MOH	F	-0.09%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
AOS	F	-0.06%
AFG	A	-0.06%
SOLV	C	-0.05%