HLAL vs. SHUS ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

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

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	SHUS
30 Days	2.35%	2.26%
60 Days	1.62%	3.81%
90 Days	3.31%	5.24%
12 Months	20.13%	15.89%

185 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in SHUS	Overlap
A	D	0.17%	0.15%	0.15%
AAPL	C	14.91%	0.49%	0.49%
ABT	B	0.9%	0.06%	0.06%
ADBE	C	0.98%	0.15%	0.15%
ADI	D	0.47%	0.22%	0.22%
ADM	D	0.11%	0.36%	0.11%
ADP	B	0.55%	0.21%	0.21%
ADSK	A	0.3%	0.16%	0.16%
AKAM	D	0.06%	0.26%	0.06%
ALB	C	0.06%	0.05%	0.05%
ALGN	D	0.08%	0.1%	0.08%
AMAT	F	0.63%	0.17%	0.17%
AMD	F	0.99%	0.14%	0.14%
ANSS	B	0.13%	0.17%	0.13%
APD	A	0.33%	0.05%	0.05%
APTV	D	0.06%	0.39%	0.06%
ARE	D	0.08%	0.1%	0.08%
ATO	A	0.1%	0.32%	0.1%
AXON	A	0.2%	0.09%	0.09%
BDX	F	0.29%	0.05%	0.05%
BG	F	0.06%	0.36%	0.06%
BIIB	F	0.1%	0.24%	0.1%
BKR	B	0.2%	0.35%	0.2%
BLDR	D	0.09%	0.19%	0.09%
BSX	B	0.6%	0.06%	0.06%
CAH	B	0.13%	0.19%	0.13%
CARR	D	0.28%	0.08%	0.08%
CDNS	B	0.37%	0.33%	0.33%
CEG	D	0.33%	0.38%	0.33%
CF	B	0.07%	0.09%	0.07%
CHD	B	0.12%	0.41%	0.12%
CMI	A	0.22%	0.08%	0.08%
COP	C	0.6%	0.07%	0.07%
COR	B	0.18%	0.18%	0.18%
CRL	C	0.04%	0.14%	0.04%
CRM	B	1.36%	0.35%	0.35%
CSCO	B	1.04%	0.21%	0.21%
CTAS	B	0.34%	0.17%	0.17%
CTVA	C	0.18%	0.08%	0.08%
CVX	A	1.24%	0.75%	0.75%
DAL	C	0.05%	0.27%	0.05%
DD	D	0.15%	0.05%	0.05%
DELL	C	0.16%	0.17%	0.16%
DGX	A	0.08%	0.16%	0.08%
DHI	D	0.22%	0.23%	0.22%
DHR	F	0.67%	0.1%	0.1%
DLTR	F	0.06%	0.17%	0.06%
DOV	A	0.12%	0.17%	0.12%
DOW	F	0.12%	0.07%	0.07%
DVN	F	0.11%	0.16%	0.11%
EA	A	0.2%	0.48%	0.2%
EBAY	D	0.14%	0.22%	0.14%
EL	F	0.07%	0.49%	0.07%
EMR	A	0.33%	0.03%	0.03%
EW	C	0.19%	0.06%	0.06%
EXPD	D	0.08%	0.09%	0.08%
FANG	D	0.15%	0.07%	0.07%
FAST	B	0.21%	0.12%	0.12%
FDX	B	0.29%	0.07%	0.07%
FFIV	B	0.06%	0.2%	0.06%
FSLR	F	0.09%	0.2%	0.09%
FTV	C	0.12%	0.03%	0.03%
GEHC	F	0.17%	0.1%	0.1%
GEV	B	0.41%	0.18%	0.18%
GLW	B	0.16%	0.19%	0.16%
GOOG	C	3.91%	0.22%	0.22%
GOOGL	C	4.63%	0.22%	0.22%
GPC	D	0.08%	0.15%	0.08%
GRMN	B	0.14%	0.32%	0.14%
GWW	B	0.22%	0.13%	0.13%
HAL	C	0.12%	0.33%	0.12%
HES	B	0.19%	0.07%	0.07%
HOLX	D	0.08%	0.1%	0.08%
HPQ	B	0.16%	0.34%	0.16%
HUBB	B	0.11%	0.26%	0.11%
IDXX	F	0.15%	0.09%	0.09%
IEX	B	0.08%	0.2%	0.08%
IFF	D	0.1%	0.05%	0.05%
INTC	D	0.46%	0.16%	0.16%
IP	B	0.07%	0.06%	0.06%
IPG	D	0.05%	0.33%	0.05%
IR	B	0.19%	0.2%	0.19%
ISRG	A	0.85%	0.12%	0.12%
IT	C	0.17%	0.13%	0.13%
JBHT	C	0.07%	0.08%	0.07%
JCI	C	0.25%	0.08%	0.08%
JNJ	D	1.65%	0.23%	0.23%
JNPR	F	0.05%	0.19%	0.05%
KDP	D	0.15%	0.24%	0.15%
KLAC	D	0.37%	0.17%	0.17%
KO	D	1.1%	0.24%	0.24%
KVUE	A	0.2%	0.41%	0.2%
LEN	D	0.0%	0.24%	0.0%
LEN	D	0.18%	0.24%	0.18%
LH	C	0.09%	0.16%	0.09%
LIN	D	0.97%	0.04%	0.04%
LKQ	D	0.04%	0.14%	0.04%
LULU	C	0.17%	0.3%	0.17%
LUV	C	0.02%	0.25%	0.02%
LYB	F	0.1%	0.07%	0.07%
MCK	B	0.36%	0.18%	0.18%
MDLZ	F	0.39%	0.18%	0.18%
MDT	D	0.49%	0.06%	0.06%
META	D	5.55%	0.46%	0.46%
MKC	D	0.09%	0.21%	0.09%
MLM	B	0.16%	0.17%	0.16%
MMM	D	0.32%	0.17%	0.17%
MPC	D	0.25%	0.48%	0.25%
MRK	F	1.11%	0.24%	0.24%
MRO	B	0.07%	0.07%	0.07%
MSFT	F	13.84%	0.32%	0.32%
MU	D	0.49%	0.15%	0.15%
NEM	D	0.22%	0.24%	0.22%
NKE	D	0.4%	0.33%	0.33%
NOW	A	0.92%	0.22%	0.22%
NTAP	C	0.11%	0.17%	0.11%
NUE	C	0.16%	0.25%	0.16%
NWS	B	0.02%	0.1%	0.02%
NWSA	B	0.05%	0.1%	0.05%
NXPI	D	0.25%	0.23%	0.23%
ODFL	B	0.19%	0.08%	0.08%
OMC	C	0.09%	0.33%	0.09%
ON	D	0.13%	0.22%	0.13%
OXY	D	0.15%	0.07%	0.07%
PANW	C	0.54%	0.16%	0.16%
PCAR	B	0.25%	0.12%	0.12%
PFE	D	0.63%	0.24%	0.24%
PG	A	1.81%	0.41%	0.41%
PHM	D	0.12%	0.25%	0.12%
PKG	A	0.1%	0.06%	0.06%
PLD	D	0.48%	0.06%	0.06%
PNR	A	0.08%	0.19%	0.08%
PODD	C	0.08%	0.1%	0.08%
POOL	C	0.06%	0.13%	0.06%
PPG	F	0.13%	0.07%	0.07%
PSX	C	0.25%	0.5%	0.25%
PTC	A	0.1%	0.17%	0.1%
PWR	A	0.22%	0.4%	0.22%
QCOM	F	0.77%	0.22%	0.22%
QRVO	F	0.03%	0.21%	0.03%
REG	B	0.06%	0.06%	0.06%
REGN	F	0.35%	0.23%	0.23%
RMD	C	0.16%	0.09%	0.09%
ROK	B	0.14%	0.03%	0.03%
ROL	B	0.06%	0.18%	0.06%
ROP	B	0.26%	0.03%	0.03%
ROST	C	0.21%	0.71%	0.21%
RVTY	F	0.06%	0.1%	0.06%
SLB	C	0.28%	0.34%	0.28%
SMCI	F	0.06%	0.15%	0.06%
SNA	A	0.08%	0.25%	0.08%
SNPS	B	0.37%	0.34%	0.34%
STE	F	0.09%	0.12%	0.09%
STLD	B	0.1%	0.27%	0.1%
SWK	D	0.06%	0.26%	0.06%
SYK	C	0.63%	0.12%	0.12%
TECH	D	0.05%	0.15%	0.05%
TER	D	0.07%	0.16%	0.07%
TFX	F	0.04%	0.05%	0.04%
TJX	A	0.61%	0.71%	0.61%
TMO	F	0.87%	0.14%	0.14%
TRMB	B	0.08%	0.03%	0.03%
TSCO	D	0.13%	0.12%	0.12%
TSLA	B	4.25%	0.27%	0.27%
TT	A	0.42%	0.08%	0.08%
TTWO	A	0.14%	0.48%	0.14%
TXN	C	0.81%	0.22%	0.22%
TYL	B	0.11%	0.21%	0.11%
UAL	A	0.03%	0.28%	0.03%
UBER	D	0.62%	0.11%	0.11%
ULTA	F	0.07%	0.17%	0.07%
UPS	C	0.43%	0.08%	0.08%
VLO	C	0.2%	0.49%	0.2%
VLTO	D	0.12%	0.03%	0.03%
VMC	B	0.16%	0.17%	0.16%
WAB	B	0.15%	0.13%	0.13%
WBA	F	0.03%	0.63%	0.03%
WDC	D	0.09%	0.17%	0.09%
WELL	A	0.37%	0.11%	0.11%
WST	C	0.1%	0.05%	0.05%
WY	D	0.1%	0.17%	0.1%
XOM	B	2.42%	0.75%	0.75%
XYL	D	0.13%	0.19%	0.13%
ZBH	C	0.1%	0.12%	0.1%
ZBRA	B	0.09%	0.13%	0.09%

HLAL Overweight 13 Positions Relative to SHUS

Symbol	Grade	Weight
LRCX	F	0.41%
MRVL	B	0.35%
VRT	B	0.22%
ILMN	D	0.09%
BURL	A	0.08%
FLEX	A	0.07%
ICLR	D	0.07%
OKTA	C	0.05%
BMRN	D	0.05%
SCCO	F	0.04%
GFS	C	0.02%
WLK	D	0.02%
AGR	B	0.01%

HLAL Underweight 316 Positions Relative to SHUS

Symbol	Grade	Weight
KR	B	-0.73%
SYY	B	-0.73%
WMT	A	-0.72%
COST	B	-0.7%
COF	B	-0.69%
SYF	B	-0.68%
CVS	D	-0.68%
DFS	B	-0.68%
DPZ	C	-0.52%
CMCSA	B	-0.51%
DRI	B	-0.5%
YUM	B	-0.5%
L	A	-0.49%
MSI	B	-0.49%
MCD	D	-0.49%
CMG	B	-0.49%
BRK.A	B	-0.49%
SBUX	A	-0.48%
MTCH	D	-0.46%
CHTR	C	-0.46%
CLX	B	-0.41%
KMB	D	-0.41%
BWA	D	-0.41%
VST	B	-0.4%
CL	D	-0.4%
J	F	-0.39%
JBL	B	-0.37%
HRL	D	-0.36%
PM	B	-0.35%
MO	A	-0.35%
TSN	B	-0.35%
ORCL	B	-0.34%
T	A	-0.33%
TMUS	B	-0.33%
HCA	F	-0.33%
IBM	C	-0.33%
AWK	D	-0.32%
RL	B	-0.32%
UHS	D	-0.32%
NI	A	-0.32%
TPR	B	-0.32%
VZ	C	-0.32%
NRG	B	-0.32%
AES	F	-0.31%
NVR	D	-0.3%
FCX	D	-0.29%
EXC	C	-0.29%
DECK	A	-0.29%
VRSN	F	-0.27%
MS	A	-0.26%
HUM	C	-0.26%
ETN	A	-0.26%
EQIX	A	-0.26%
DLR	B	-0.26%
GDDY	A	-0.26%
ZTS	D	-0.25%
STZ	D	-0.25%
MOH	F	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
ETR	B	-0.25%
TAP	C	-0.25%
BMY	B	-0.25%
INCY	C	-0.25%
SCHW	B	-0.25%
CNP	B	-0.25%
RJF	A	-0.25%
UNH	C	-0.25%
LOW	D	-0.25%
ENPH	F	-0.25%
HAS	D	-0.25%
HD	A	-0.25%
PEG	A	-0.25%
GS	A	-0.25%
CNC	D	-0.25%
AEP	D	-0.24%
D	C	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
VTRS	A	-0.24%
ED	D	-0.24%
ABBV	D	-0.24%
NEE	D	-0.24%
WMB	A	-0.24%
GM	B	-0.24%
ELV	F	-0.24%
F	C	-0.24%
DTE	C	-0.24%
GILD	C	-0.24%
CTLT	B	-0.24%
EIX	B	-0.24%
VRTX	F	-0.23%
LLY	F	-0.23%
MRNA	F	-0.23%
AMGN	D	-0.23%
LW	C	-0.22%
DAY	B	-0.22%
NFLX	A	-0.22%
AVGO	D	-0.22%
PLTR	B	-0.22%
CPRT	A	-0.22%
KHC	F	-0.21%
ANET	C	-0.21%
AOS	F	-0.21%
SWKS	F	-0.21%
SJM	D	-0.21%
MET	A	-0.21%
GIS	D	-0.21%
CAG	D	-0.21%
PAYX	C	-0.21%
PAYC	B	-0.21%
MPWR	F	-0.21%
AMZN	C	-0.21%
AFL	B	-0.2%
PARA	C	-0.2%
CPB	D	-0.2%
ERIE	D	-0.2%
AIZ	A	-0.2%
INTU	C	-0.2%
HSIC	B	-0.2%
PRU	A	-0.2%
KEYS	A	-0.2%
DIS	B	-0.2%
PFG	D	-0.2%
TEL	B	-0.19%
MAS	D	-0.19%
HPE	B	-0.19%
PGR	A	-0.19%
WBD	C	-0.19%
BBWI	D	-0.19%
ALL	A	-0.19%
GL	B	-0.19%
AIG	B	-0.19%
RSG	A	-0.18%
CRWD	B	-0.18%
EQT	B	-0.18%
WM	A	-0.18%
K	A	-0.18%
CI	F	-0.18%
MHK	D	-0.18%
APH	A	-0.18%
TGT	F	-0.17%
DG	F	-0.17%
GE	D	-0.17%
FTNT	C	-0.17%
GEN	B	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
CTRA	B	-0.17%
STX	D	-0.17%
HSY	F	-0.17%
PEP	F	-0.17%
GD	F	-0.16%
BA	F	-0.16%
TXT	D	-0.16%
HON	B	-0.16%
AZO	C	-0.15%
WAT	B	-0.15%
MTD	D	-0.14%
CINF	A	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
CB	C	-0.14%
HIG	B	-0.14%
CAT	B	-0.14%
ACGL	D	-0.14%
EG	C	-0.14%
ORLY	B	-0.14%
KMX	B	-0.14%
EPAM	C	-0.13%
WFC	A	-0.13%
CTSH	B	-0.13%
C	A	-0.13%
DE	A	-0.13%
ACN	C	-0.13%
BKNG	A	-0.13%
NVDA	C	-0.13%
MCHP	D	-0.13%
LDOS	C	-0.13%
WRB	A	-0.13%
IQV	D	-0.13%
HLT	A	-0.12%
ABNB	C	-0.12%
MAR	B	-0.12%
EXPE	B	-0.12%
CDW	F	-0.12%
BAC	A	-0.12%
BALL	D	-0.12%
JPM	A	-0.12%
AMCR	D	-0.12%
AME	A	-0.12%
VTR	C	-0.11%
DVA	B	-0.11%
EXR	D	-0.11%
DOC	D	-0.11%
BR	A	-0.11%
BXP	D	-0.11%
HST	C	-0.11%
BK	A	-0.11%
STT	A	-0.11%
ESS	B	-0.1%
INVH	D	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
MAA	B	-0.1%
FOXA	B	-0.1%
AVB	B	-0.1%
PSA	D	-0.1%
CPT	B	-0.1%
KKR	A	-0.09%
CCL	B	-0.09%
AMP	A	-0.09%
CHRW	C	-0.09%
NCLH	B	-0.09%
BLK	C	-0.09%
IVZ	B	-0.09%
LYV	A	-0.09%
DXCM	D	-0.09%
SO	D	-0.08%
PPL	B	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
PH	A	-0.08%
GNRC	B	-0.08%
UNP	C	-0.08%
WYNN	D	-0.08%
NSC	B	-0.08%
OTIS	C	-0.08%
LMT	D	-0.08%
HII	D	-0.08%
NOC	D	-0.08%
BX	A	-0.08%
RTX	C	-0.08%
NTRS	A	-0.08%
LVS	C	-0.08%
MOS	F	-0.08%
CSX	B	-0.08%
LHX	C	-0.08%
FMC	D	-0.08%
BEN	C	-0.08%
TROW	B	-0.08%
RCL	A	-0.08%
SW	A	-0.07%
CZR	F	-0.07%
MGM	D	-0.07%
EOG	A	-0.07%
APA	D	-0.07%
PNW	B	-0.07%
CE	F	-0.07%
ALLE	D	-0.07%
DUK	C	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
PCG	A	-0.07%
SRE	A	-0.07%
XEL	A	-0.07%
CMS	C	-0.07%
HWM	A	-0.07%
FI	A	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
PNC	B	-0.06%
MTB	A	-0.06%
PYPL	B	-0.06%
AMT	D	-0.06%
KIM	A	-0.06%
AVY	D	-0.06%
FRT	B	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
O	D	-0.06%
SPG	B	-0.06%
IRM	D	-0.06%
TDG	D	-0.06%
SHW	A	-0.06%
MA	C	-0.05%
AXP	A	-0.05%
SOLV	C	-0.05%
ECL	D	-0.05%
BAX	D	-0.05%
EMN	D	-0.05%
FIS	C	-0.05%
JKHY	D	-0.05%
HBAN	A	-0.05%
TFC	A	-0.05%
USB	A	-0.05%
CFG	B	-0.05%
FITB	A	-0.05%
EFX	F	-0.04%
WTW	B	-0.04%
MCO	B	-0.04%
AON	A	-0.04%
CBRE	B	-0.04%
CSGP	D	-0.04%
GPN	B	-0.04%
SPGI	C	-0.04%
CBOE	B	-0.04%
VRSK	A	-0.04%
ICE	C	-0.04%
FDS	B	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
MSCI	C	-0.04%
FICO	B	-0.03%
NDSN	B	-0.03%
TDY	B	-0.03%
AJG	B	-0.03%
MMC	B	-0.03%
BRO	B	-0.03%