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ETFs

Listed Funds Trust Wahed FTSE USA Shariah ETF

HLAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 16, 2019
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Wahed Invest
Volume (1m avg. daily)
$1,529,149
AUM
$296,110,012
Associated Index
FTSE USA Shariah Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with HLAL

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.

ETFs related toHLAL

ETFs correlated to HLAL include IWL, OEF, SPUS

HLAL
Listed Funds Trust - Wahed FTSE USA Shariah ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
SPUS
Tidal ETF Trust - SP Funds S&P 500 Sharia Industry Exclusions ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
SNPE
DBX ETF Trust - Xtrackers S&P 500 ESG ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

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.

Automated Strategies
Related toHLAL

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HLAL using Composer

FAQ

HLAL is a US Equities ETF. 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.

HLAL tracks the FTSE USA Shariah Index.

No, HLAL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HLAL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HLAL is -0.0022%. This is the percent change in the value of HLAL over the most recent 1-month period. The 3-month return on HLAL is 0.0036%. This is the percent change in the value of HLAL over the most recent 3-month period.

The standard deviation of HLAL for the past year is 0.1807%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HLAL include SPHQ, DSI, and QUAL.

ETFs correlated to HLAL include IWL, OEF, and SPUS.

ETFs that are inversely correlated to HLAL include SPXS, SDS, and SPDN.

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.