Snapshot*
Top 10 Holdings
What is HLAL?
The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The FTSE Global Equity Shariah Index Series has been designed to be used as the basis of Shariah compliant investment products that meet the requirements of Islamic investors globally. Using the Large and Mid Cap stocks from the FTSE Global Equity Index Series as a base universe, constituents are then screened against a clear set of Shariah principles. Shariah screening is undertaken by Yasaar Limited, to create a Shariah compliant index series. The series has been fully certified as Shariah-compliant through the issue of a Fatwa (Islamic legal opinion). The FTSE Shariah USA Index contains USA stocks that meet these criteria. The FTSE Shariah USA Index has been fully certified as Shariah-compliant through the issue of a Fata (Islamic legal opinon) by Yasaars principals.
HLALPerformance Measures**
for the time period Jul 16, 2019 to Aug 14, 2026
1M Trailing Return: 2.4%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 3.7%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -33.6%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 20.2%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.90
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.52
The annualized return divided by the max drawdown for the selected time period.
ETFs related toHLAL
ETFs correlated to HLAL include IWL, OEF, SPUS
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.