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HLALvsAAEQETF Comparison

ETF 1

HLAL

Wahed FTSE USA Shariah ETF

This fund is part of

US Large Cap

+0.06%

Full HLAL fund page

VS

ETF 2

AAEQ

Alpha Architect US Equity 2 ETF

This fund is part of

US All Cap

+0.06%

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. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Health Care. HLAL is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.15% for AAEQ. HLAL is down -2.8% year-to-date (YTD) with +$42M in YTD flows. AAEQ performs worse with -4.34% YTD performance, and -$11M 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 04/07/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HLAL AAEQ	-2.41%-2.64%	-3.70%-5.20%	-2.80%-4.34%	+38.05%n/a	+57.43%n/a	+74.67%n/a
Flows	HLAL AAEQ	+$1M-$4M	+$41M-$11M	+$42M-$11M	+$46M-	+$308M-	+$428M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HLAL AAEQ	+15.37%+14.62%	+18.12%n/a	+15.90%n/a	+17.78%n/a
Max drawdown	HLAL AAEQ	-10.16%-9.92%	-10.16%n/a	-21.86%n/a	-23.16%n/a
Max drawdown duration	HLAL AAEQ	69d84d	69dn/a	217dn/a	555dn/a

Trading data

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	HLAL	AAEQ
Last sale 4/7/2026 at 1:30 PM	$60.22	$47.14
Previous close 04/07/2026	$60.13	$47.13
Consolidated volume 04/07/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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 4/7/2026 at 1:30 PM

Live

Closed

	HLAL	AAEQ
Last price	$60.22	$47.14
1D performance	+0.15%	+0.02%
AuM	$732.85 M	$442.72 M
E/R	0.5%	0.15%

Characteristics

	HLAL	AAEQ
Management strategy	Passive	Active
Provider	Wahed	Alpha Architect
Benchmark	FTSE USA Shariah Index	-
N° of holdings	178	272
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

95.77%

Other

4.23%

AAEQ

USA

96.82%

Other

3.18%

Sectors

HLAL

Information Techn.

38.67%

Communication Ser.

18.04%

Health Care

13.9%

Other

29.39%

AAEQ

Information Techn.

36.78%

Communication Ser.

12.25%

Health Care

10.15%

Financials

10.09%

Consumer Discreti.

8.94%

Other

21.79%

Diversification

HLAL

Total weight of top 15 holdings out of 15

60.98%

AAEQ

Total weight of top 15 holdings out of 15

50.07%

Top 15 holdings

Data as of February 28, 2026

HLAL

APPLE

14.39%

MICROSOFT-T

10.47%

ALPHABET INC-CL

6.56%

ALPHABET INC-CL

5.34%

META PLATFORMS

5.06%

TESLA

4.19%

LILLY

2.66%

EXXON

2.29%

JOHNSON&JOHNSON

2.15%

MICRON TECHNOLOGY

1.69%

PROCTERGAMBLE

1.41%

CHEVRON TEXACO

1.26%

ADVANCED MICRO DEVICES

1.25%

MERCK & CO INC

1.13%

CISCO-T

1.13%

AAEQ

APPLE

8.71%

NVIDIA

7.89%

MICROSOFT-T

6.44%

ALPHABET INC-CL

4.03%

AMAZON.COM INC

3.49%

ALPHABET INC-CL

3.22%

BROADCOM LIMITED

2.59%

META PLATFORMS

2.37%

BERKSHIRE HATHWAY

1.97%

TESLA

1.94%

LILLY

1.82%

JPMORGAN CHASE

1.80%

EXXON

1.33%

JOHNSON&JOHNSON

1.28%

WALMART INC

1.19%

Frequently asked questions about HLAL and AAEQ

How have the HLAL and AAEQ ETFs performed in 2026?

As of April 7, 2026, HLAL is down -2.8% year-to-date (YTD), while AAEQ has lost -4.34%. 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 +$42M in flows, compared to -$11M for AAEQ.

Which ETF is bigger: HLAL or AAEQ?

As of April 7, 2026, HLAL holds $732.85 M in assets under management (AUM), while AAEQ manages $442.72 M.

What sectors do the HLAL and AAEQ ETFs invest in?

HLAL leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, AAEQ focuses on Information Technology, Communication Services and Health Care.

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 April 7, 2026, HLAL is down -2.8% year-to-date (YTD), while AAEQ has lost -4.34%. 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 +$42M in flows, compared to -$11M for AAEQ.

Which ETF is bigger: HLAL or AAEQ?

As of April 7, 2026, HLAL holds $732.85 M in assets under management (AUM), while AAEQ manages $442.72 M.

What sectors do the HLAL and AAEQ ETFs invest in?

HLAL leans toward sectors like Information Technology, Communication Services and Health Care. Meanwhile, AAEQ focuses on Information Technology, Communication Services and Health Care.

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

HLAL top holdings include APPLE, MICROSOFT-T and ALPHABET INC-CL. AAEQ holds in its top three: APPLE, NVIDIA and MICROSOFT-T.

Which ETF is more diversified: HLAL or AAEQ?

HLAL holds 196 securities with 60.98% of its assets in the top 15. AAEQ has 280 securities and a top 15 weight of 50.07%.

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