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HLALvsAAEQETF Comparison

ETF 1

HLAL

Wahed FTSE USA Shariah ETF

This fund is part of

US Large Cap

-1.05%

Full HLAL fund page

VS

ETF 2

AAEQ

Alpha Architect US Equity 2 ETF

This fund is part of

US All Cap

-0.89%

Full AAEQ fund page

Wahed FTSE USA Shariah ETF (HLAL) belongs to the US Large Cap segment. Alpha Architect US Equity 2 ETF (AAEQ) is part of the US All Cap segment. HLAL's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, AAEQ's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. HLAL is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.09% for AAEQ. HLAL is up 13.48% year-to-date (YTD) with +$103M in YTD flows. AAEQ performs worse with 7.48% YTD performance, and -$14M in YTD flows. Run a side-by-side ETF comparison of HLAL and AAEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HLAL vs AAEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HLAL AAEQ	-0.56%+0.58%	+7.28%+4.42%	+13.48%+7.48%	+30.33%n/a	+64.61%n/a	+95.82%n/a
Flows	HLAL AAEQ	+$16M-$1M	+$56M-$2M	+$103M-$14M	+$94M-	+$338M-	+$468M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HLAL AAEQ	+18.26%+12.62%	+14.89%n/a	+16.41%n/a	+18.10%n/a
Max drawdown	HLAL AAEQ	-6.24%-4.43%	-10.16%n/a	-21.86%n/a	-23.16%n/a
Max drawdown duration	HLAL AAEQ	45d46d	76dn/a	217dn/a	555dn/a

Trading data

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	HLAL	AAEQ
Last sale 7/17/2026 at 1:30 PM	$70.34	$53.03
Previous close 07/16/2026	$71.08	$53.53
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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AAEQ

is actively managed and doesn’t replicate an index

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	HLAL	AAEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	HLAL	AAEQ
Last price	$70.34	$53.03
1D performance	-1.04%	-0.92%
AuM	$916.92 M	$493.72 M
E/R	0.5%	0.09%

Characteristics

	HLAL	AAEQ
Management strategy	Passive	Active
Provider	Wahed	Alpha Architect
Benchmark	FTSE USA Shariah Index	-
N° of holdings	203	328
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	July 15, 2019	December 10, 2025
ESG	Yes	No

More HLAL data on Trackinsight

More AAEQ data on Trackinsight

Exposure

Countries

HLAL

USA

97.33%

Other

2.67%

AAEQ

USA

97.98%

Other

2.02%

Sectors

HLAL

Technology

65.31%

Healthcare

10.44%

Other

24.25%

AAEQ

Technology

49.24%

Finance

13.03%

Consumer Non-Cycl.

9.04%

Healthcare

8.78%

Other

19.91%

Diversification

HLAL

Total weight of top 15 holdings out of 15

62.28%

AAEQ

Total weight of top 15 holdings out of 15

50%

Top 15 holdings

Data as of May 31, 2026

HLAL

Apple, Inc.

13.26%

Microsoft Corp.

8.92%

Alphabet, Inc.

6.55%

Broadcom Inc.

5.60%

Alphabet, Inc.

5.28%

Meta Platforms, Inc.

3.90%

Tesla, Inc.

3.61%

Micron Technology, Inc.

3.03%

Eli Lilly & Co.

2.38%

Advanced Micro Devices, Inc.

2.32%

Exxon Mobil Corp.

1.80%

Johnson & Johnson

1.59%

Intel Corp.

1.55%

Cisco Systems, Inc.

1.34%

Lam Research Corp.

1.15%

AAEQ

Apple, Inc.

8.60%

NVIDIA Corp.

7.83%

Microsoft Corp.

5.80%

Alphabet, Inc.

4.31%

Amazon.com, Inc.

4.10%

Alphabet, Inc.

3.43%

Broadcom Inc.

2.97%

Meta Platforms, Inc.

2.09%

Tesla, Inc.

1.92%

Berkshire Hathaway, Inc.

1.69%

Micron Technology, Inc.

1.63%

Eli Lilly & Co.

1.61%

JPMorgan Chase & Co.

1.57%

Advanced Micro Devices, Inc.

1.27%

Exxon Mobil Corp.

1.18%

Frequently asked questions about HLAL and AAEQ

HLALvsAAEQETF Comparison

Wahed FTSE USA Shariah ETF

Alpha Architect US Equity 2 ETF

HLAL vs AAEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HLAL and AAEQ ETFs performed in 2026?

As of July 17, 2026, HLAL is up 13.48% year-to-date (YTD), while AAEQ has returned 7.48%. That puts HLAL better performer ahead so far this year.

Which ETF is attracting more investor money: HLAL or AAEQ?

Year-to-date, the HLAL ETF saw +$103M in flows, compared to -$14M for AAEQ.

Which ETF is bigger: HLAL or AAEQ?

As of July 17, 2026, HLAL holds $916.92 M in assets under management (AUM), while AAEQ manages $493.72 M.

What sectors do the HLAL and AAEQ ETFs invest in?

HLAL leans toward sectors like Technology and Healthcare. Meanwhile, AAEQ focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the HLAL ETF and AAEQ ETF?

HLAL top holdings include Apple, Inc., Microsoft Corp. and Alphabet, Inc.. AAEQ holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: HLAL or AAEQ?

HLAL holds 206 securities with 62.28% of its assets in the top 15. AAEQ has 329 securities and a top 15 weight of 50%.

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up