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HLALvsSPXNETF Comparison

ETF 1

HLAL

Wahed FTSE USA Shariah ETF

This fund is part of

US Large Cap

-0.09%

Full HLAL fund page

VS

ETF 2

SPXN

ProShares S&P 500 Ex-Financials ETF

This fund is part of

US Large Cap

-0.09%

Full SPXN fund page

Wahed FTSE USA Shariah ETF (HLAL) and ProShares S&P 500 Ex-Financials ETF (SPXN) belong to the same industry segment: US Large Cap. HLAL's top 3 sector exposures are Information Technology, Communication Services and Health Care. In contrast, SPXN's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. HLAL is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.13% for SPXN. HLAL is up 12.61% year-to-date (YTD) with +$68M in YTD flows. SPXN performs worse with 10.68% YTD performance, and -$730K in YTD flows. Run a side-by-side ETF comparison of HLAL and SPXN 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 SPXN performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 05/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HLAL SPXN	+6.89%+5.20%	+11.72%+9.34%	+12.61%+10.68%	+35.40%+29.98%	+76.72%+86.93%	+101.42%+100.16%
Flows	HLAL SPXN	+$19M-	+$41M-$730K	+$68M-$730K	+$59M-$244K	+$326M+$15M	+$439M+$33M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HLAL SPXN	+17.09%+15.65%	+13.45%+12.76%	+16.02%+15.54%	+17.84%+17.35%
Max drawdown	HLAL SPXN	-9.41%-8.94%	-10.16%-9.16%	-21.86%-19.44%	-23.16%-24.54%
Max drawdown duration	HLAL SPXN	47d47d	76d75d	217d126d	555d708d

Trading data

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	HLAL	SPXN
Last sale 5/19/2026 at 1:44 PM	$69.31	$81.53
Previous close 05/18/2026	$69.76	$81.76
Consolidated volume 05/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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

Main metrics

Last update 5/19/2026 at 1:44 PM

Live

Closed

	HLAL	SPXN
Last price	$69.31	$81.53
1D performance	-0.65%	-0.28%
AuM	$875.20 M	$76.67 M
E/R	0.5%	0.13%

Characteristics

	HLAL	SPXN
Management strategy	Passive	Passive
Provider	Wahed	ProShares
Benchmark	FTSE USA Shariah Index	S&P 500 Ex-Financials Index
N° of holdings	185	373
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 15, 2019	September 22, 2015
ESG	Yes	No

More HLAL data on Trackinsight

More SPXN data on Trackinsight

Exposure

Countries

HLAL

USA

96.51%

Other

3.49%

SPXN

USA

96.85%

Other

3.15%

Sectors

HLAL

Information Techn.

42.03%

Communication Ser.

16.03%

Health Care

13%

Other

28.94%

SPXN

Information Techn.

37.7%

Communication Ser.

11.95%

Consumer Discreti.

11.76%

Health Care

10.74%

Industrials

9.77%

Other

18.08%

Diversification

HLAL

Total weight of top 15 holdings out of 15

59.79%

SPXN

Total weight of top 15 holdings out of 15

47.93%

Top 15 holdings

Data as of March 31, 2026

HLAL

APPLE

13.30%

MICROSOFT-T

9.65%

ALPHABET INC-CL

5.77%

BROADCOM LIMITED

4.88%

ALPHABET INC-CL

4.70%

META PLATFORMS

4.29%

TESLA

3.71%

EXXON

2.59%

LILLY

2.56%

JOHNSON&JOHNSON

2.10%

CHEVRON TEXACO

1.40%

MICRON TECHNOLOGY

1.37%

PROCTERGAMBLE

1.24%

ADVANCED MICRO DEVICES

1.13%

CISCO-T

1.10%

SPXN

NVIDIA

8.97%

APPLE

7.66%

MICROSOFT-T

5.69%

AMAZON.COM INC

4.27%

ALPHABET INC-CL

3.50%

BROADCOM LIMITED

3.12%

ALPHABET INC-CL

2.80%

META PLATFORMS

2.69%

TESLA

2.24%

LILLY

1.50%

EXXON

1.41%

JOHNSON&JOHNSON

1.19%

WALMART INC

1.11%

COSTCO WHOLESALE

0.89%

MICRON TECHNOLOGY

0.89%

Frequently asked questions about HLAL and SPXN

How have the HLAL and SPXN ETFs performed in 2026?

As of May 18, 2026, HLAL is up 12.61% year-to-date (YTD), while SPXN has returned 10.68%. That puts HLAL better performer ahead so far this year.

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

Year-to-date, the HLAL ETF saw +$68M in flows, compared to -$730K for SPXN.

Which ETF is more volatile: HLAL or SPXN?

Over the past year, HLAL had a volatility of 13.45%, while SPXN experienced 12.76%.

Which ETF is bigger: HLAL or SPXN?

As of May 18, 2026, HLAL holds $875.20 M in assets under management (AUM), while SPXN manages $76.67 M.

What sectors do the HLAL and SPXN ETFs invest in?

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

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

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

Which ETF is more diversified: HLAL or SPXN?

HLAL holds 206 securities with 59.79% of its assets in the top 15. SPXN has 395 securities and a top 15 weight of 47.93%.

Simeon Hyman on the ProShares S&P 500 Ex-Financials ETF (SPXN)

May 15, 2023

SPXN

HLALvsSPXNETF Comparison

Wahed FTSE USA Shariah ETF

ProShares S&P 500 Ex-Financials ETF

HLAL vs SPXN 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 SPXN ETFs performed in 2026?

As of May 18, 2026, HLAL is up 12.61% year-to-date (YTD), while SPXN has returned 10.68%. That puts HLAL better performer ahead so far this year.

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

Year-to-date, the HLAL ETF saw +$68M in flows, compared to -$730K for SPXN.

Which ETF is more volatile: HLAL or SPXN?

Over the past year, HLAL had a volatility of 13.45%, while SPXN experienced 12.76%.

Which ETF is bigger: HLAL or SPXN?

As of May 18, 2026, HLAL holds $875.20 M in assets under management (AUM), while SPXN manages $76.67 M.

What sectors do the HLAL and SPXN ETFs invest in?

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

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

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

Which ETF is more diversified: HLAL or SPXN?

HLAL holds 206 securities with 59.79% of its assets in the top 15. SPXN has 395 securities and a top 15 weight of 47.93%.

Simeon Hyman on the ProShares S&P 500 Ex-Financials ETF (SPXN)

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