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HLALvsINROETF Comparison

ETF 1

HLAL

Wahed FTSE USA Shariah ETF

This fund is part of

US Large Cap

+0%

Full HLAL fund page

VS

ETF 2

INRO

iShares U.S. Industry Rotation Active ETF

This fund is part of

US Multi-Factor

+0%

Full INRO fund page

Wahed FTSE USA Shariah ETF (HLAL) belongs to the US Large Cap segment. iShares U.S. Industry Rotation Active ETF (INRO) is part of the US Multi-Factor segment. HLAL's top 3 sector exposures are Information Technology, Communication Services and Health Care. In contrast, INRO's top sector exposures are Information Technology, Communication Services and Financials. HLAL is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.42% for INRO. HLAL is down -3.31% year-to-date (YTD) with +$42M in YTD flows. INRO performs worse with -3.62% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of HLAL and INRO 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 INRO 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 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HLAL INRO	-4.66%-4.04%	-3.48%-3.81%	-3.31%-3.62%	+21.80%+18.17%	+55.88%n/a	+73.17%n/a
Flows	HLAL INRO	+$9M-$4M	+$42M-$3M	+$42M-$3M	+$46M+$77K	+$311M-	+$429M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HLAL INRO	+15.27%+15.75%	+19.77%+18.87%	+15.89%n/a	+17.78%n/a
Max drawdown	HLAL INRO	-10.16%-9.29%	-13.39%-12.31%	-21.86%n/a	-23.16%n/a
Max drawdown duration	HLAL INRO	64d64d	29d29d	217dn/a	555dn/a

Trading data

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	HLAL	INRO
Last sale 4/2/2026 at 1:30 PM	$59.89	$30.97
Previous close 04/02/2026	$59.90	$30.96
Consolidated volume 04/02/2026
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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INRO

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 4/2/2026 at 1:30 PM

Live

Closed

	HLAL	INRO
Last price	$59.89	$30.97
1D performance	-0.02%	+0.03%
AuM	$729.07 M	$27.25 M
E/R	0.5%	0.42%

Characteristics

	HLAL	INRO
Management strategy	Passive	Active
Provider	Wahed	iShares
Benchmark	FTSE USA Shariah Index	-
N° of holdings	178	447
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	July 15, 2019	March 26, 2024
ESG	Yes	No

More HLAL data on Trackinsight

More INRO data on Trackinsight

Exposure

Countries

HLAL

USA

95.77%

Other

4.23%

INRO

USA

96.42%

Other

3.58%

Sectors

HLAL

Information Techn.

38.67%

Communication Ser.

18.04%

Health Care

13.9%

Other

29.39%

INRO

Information Techn.

36.31%

Communication Ser.

13.02%

Financials

10.42%

Health Care

9.12%

Consumer Discreti.

8.5%

Industrials

7.81%

Other

14.82%

Diversification

HLAL

Total weight of top 15 holdings out of 15

60.98%

INRO

Total weight of top 15 holdings out of 15

45.28%

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%

CISCO-T

1.13%

MERCK & CO INC

1.13%

INRO

NVIDIA

8.16%

APPLE

7.57%

MICROSOFT-T

5.33%

ALPHABET INC-CL

3.29%

ALPHABET INC-CL

2.76%

AMAZON.COM INC

2.73%

META PLATFORMS

2.63%

BROADCOM LIMITED

2.62%

TESLA

1.99%

T-MOBILE US INC

1.83%

LILLY

1.63%

JPMORGAN CHASE

1.45%

JOHNSON&JOHNSON

1.17%

PHILLIP MORRIS

1.09%

BERKSHIRE HATHWAY

1.05%

Frequently asked questions about HLAL and INRO

How have the HLAL and INRO ETFs performed in 2026?

As of April 2, 2026, HLAL is down -3.31% year-to-date (YTD), while INRO has lost -3.62%. That puts HLAL better performer ahead so far this year.

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

Year-to-date, the HLAL ETF saw +$42M in flows, compared to -$3M for INRO.

Which ETF is more volatile: HLAL or INRO?

Over the past year, HLAL had a volatility of 19.77%, while INRO experienced 18.87%.

Which ETF is bigger: HLAL or INRO?

As of April 2, 2026, HLAL holds $729.07 M in assets under management (AUM), while INRO manages $27.25 M.

What sectors do the HLAL and INRO ETFs invest in?

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

HLALvsINROETF Comparison

Wahed FTSE USA Shariah ETF

iShares U.S. Industry Rotation Active ETF

HLAL vs INRO 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 INRO ETFs performed in 2026?

As of April 2, 2026, HLAL is down -3.31% year-to-date (YTD), while INRO has lost -3.62%. That puts HLAL better performer ahead so far this year.

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

Year-to-date, the HLAL ETF saw +$42M in flows, compared to -$3M for INRO.

Which ETF is more volatile: HLAL or INRO?

Over the past year, HLAL had a volatility of 19.77%, while INRO experienced 18.87%.

Which ETF is bigger: HLAL or INRO?

As of April 2, 2026, HLAL holds $729.07 M in assets under management (AUM), while INRO manages $27.25 M.

What sectors do the HLAL and INRO ETFs invest in?

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

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

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

Which ETF is more diversified: HLAL or INRO?

HLAL holds 196 securities with 60.98% of its assets in the top 15. INRO has 471 securities and a top 15 weight of 45.28%.

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