HLAL vs. FBUF ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to Fidelity Dynamic Buffered Equity ETF (FBUF)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	FBUF
30 Days	2.35%	3.10%
60 Days	1.62%	4.70%
90 Days	3.31%	6.08%
12 Months	20.13%

42 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in FBUF	Overlap
AAPL	C	14.91%	7.34%	7.34%
ABT	B	0.9%	0.63%	0.63%
ADBE	C	0.98%	0.94%	0.94%
ADP	B	0.55%	0.26%	0.26%
AMAT	F	0.63%	0.67%	0.63%
BDX	F	0.29%	0.58%	0.29%
BIIB	F	0.1%	0.21%	0.1%
CAH	B	0.13%	0.31%	0.13%
CRM	B	1.36%	1.16%	1.16%
CSCO	B	1.04%	0.8%	0.8%
CTAS	B	0.34%	0.65%	0.34%
CVX	A	1.24%	0.02%	0.02%
DVN	F	0.11%	0.52%	0.11%
GOOG	C	3.91%	1.89%	1.89%
GOOGL	C	4.63%	2.04%	2.04%
GRMN	B	0.14%	0.44%	0.14%
IDXX	F	0.15%	0.15%	0.15%
JNJ	D	1.65%	0.73%	0.73%
KLAC	D	0.37%	0.61%	0.37%
LRCX	F	0.41%	0.24%	0.24%
META	D	5.55%	2.89%	2.89%
MMM	D	0.32%	0.19%	0.19%
MRK	F	1.11%	0.96%	0.96%
MSFT	F	13.84%	5.66%	5.66%
MU	D	0.49%	0.5%	0.49%
NOW	A	0.92%	0.5%	0.5%
NUE	C	0.16%	0.36%	0.16%
OXY	D	0.15%	0.15%	0.15%
PCAR	B	0.25%	0.37%	0.25%
PFE	D	0.63%	0.41%	0.41%
PG	A	1.81%	0.8%	0.8%
PPG	F	0.13%	0.34%	0.13%
QCOM	F	0.77%	0.85%	0.77%
QRVO	F	0.03%	0.06%	0.03%
SYK	C	0.63%	0.24%	0.24%
TJX	A	0.61%	0.72%	0.61%
TMO	F	0.87%	0.38%	0.38%
TSLA	B	4.25%	1.27%	1.27%
TT	A	0.42%	0.68%	0.42%
UBER	D	0.62%	0.24%	0.24%
XOM	B	2.42%	1.56%	1.56%
ZBRA	B	0.09%	0.52%	0.09%

HLAL Overweight 156 Positions Relative to FBUF

Symbol	Grade	Weight
KO	D	1.1%
AMD	F	0.99%
LIN	D	0.97%
ISRG	A	0.85%
TXN	C	0.81%
DHR	F	0.67%
BSX	B	0.6%
COP	C	0.6%
PANW	C	0.54%
MDT	D	0.49%
PLD	D	0.48%
ADI	D	0.47%
INTC	D	0.46%
UPS	C	0.43%
GEV	B	0.41%
NKE	D	0.4%
MDLZ	F	0.39%
SNPS	B	0.37%
WELL	A	0.37%
CDNS	B	0.37%
MCK	B	0.36%
REGN	F	0.35%
MRVL	B	0.35%
EMR	A	0.33%
APD	A	0.33%
CEG	D	0.33%
ADSK	A	0.3%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
ROP	B	0.26%
PSX	C	0.25%
JCI	C	0.25%
MPC	D	0.25%
NXPI	D	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
CMI	A	0.22%
NEM	D	0.22%
GWW	B	0.22%
ROST	C	0.21%
FAST	B	0.21%
AXON	A	0.2%
BKR	B	0.2%
EA	A	0.2%
VLO	C	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
EW	C	0.19%
ODFL	B	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
LULU	C	0.17%
GEHC	F	0.17%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
MLM	B	0.16%
HPQ	B	0.16%
GLW	B	0.16%
DELL	C	0.16%
VMC	B	0.16%
DD	D	0.15%
KDP	D	0.15%
WAB	B	0.15%
FANG	D	0.15%
EBAY	D	0.14%
ROK	B	0.14%
TTWO	A	0.14%
ON	D	0.13%
TSCO	D	0.13%
XYL	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
PHM	D	0.12%
DOW	F	0.12%
FTV	C	0.12%
CHD	B	0.12%
DOV	A	0.12%
HAL	C	0.12%
HUBB	B	0.11%
TYL	B	0.11%
NTAP	C	0.11%
ADM	D	0.11%
STLD	B	0.1%
LYB	F	0.1%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WY	D	0.1%
WST	C	0.1%
IFF	D	0.1%
OMC	C	0.09%
MKC	D	0.09%
FSLR	F	0.09%
LH	C	0.09%
STE	F	0.09%
WDC	D	0.09%
ILMN	D	0.09%
BLDR	D	0.09%
ALGN	D	0.08%
EXPD	D	0.08%
GPC	D	0.08%
IEX	B	0.08%
BURL	A	0.08%
PNR	A	0.08%
TRMB	B	0.08%
HOLX	D	0.08%
DGX	A	0.08%
ARE	D	0.08%
SNA	A	0.08%
PODD	C	0.08%
JBHT	C	0.07%
EL	F	0.07%
FLEX	A	0.07%
MRO	B	0.07%
TER	D	0.07%
ULTA	F	0.07%
CF	B	0.07%
IP	B	0.07%
ICLR	D	0.07%
BG	F	0.06%
DLTR	F	0.06%
SMCI	F	0.06%
ALB	C	0.06%
SWK	D	0.06%
AKAM	D	0.06%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
FFIV	B	0.06%
APTV	D	0.06%
DAL	C	0.05%
TECH	D	0.05%
IPG	D	0.05%
NWSA	B	0.05%
JNPR	F	0.05%
OKTA	C	0.05%
BMRN	D	0.05%
TFX	F	0.04%
SCCO	F	0.04%
CRL	C	0.04%
LKQ	D	0.04%
WBA	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 113 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	C	-7.37%
AMZN	C	-3.84%
BRK.A	B	-2.2%
JPM	A	-1.93%
AVGO	D	-1.62%
MA	C	-1.36%
HD	A	-1.32%
NFLX	A	-1.28%
BAC	A	-1.18%
PM	B	-0.94%
ABBV	D	-0.91%
CMCSA	B	-0.84%
WMT	A	-0.82%
NEE	D	-0.82%
SCHW	B	-0.79%
LLY	F	-0.76%
UNP	C	-0.75%
BMY	B	-0.74%
GILD	C	-0.74%
PYPL	B	-0.72%
C	A	-0.72%
T	A	-0.71%
LMT	D	-0.71%
PGR	A	-0.67%
V	A	-0.65%
DIS	B	-0.65%
ECL	D	-0.63%
CI	F	-0.63%
SQ	B	-0.6%
NOC	D	-0.6%
UNH	C	-0.57%
CL	D	-0.55%
SEIC	B	-0.54%
MMC	B	-0.53%
ZM	B	-0.53%
CAT	B	-0.53%
DBX	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.5%
CSX	B	-0.49%
GE	D	-0.48%
EOG	A	-0.48%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
SPG	B	-0.44%
MSI	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
WM	A	-0.41%
HWM	A	-0.38%
ALLE	D	-0.38%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
INCY	C	-0.34%
F	C	-0.33%
LDOS	C	-0.31%
SKYW	B	-0.31%
COST	B	-0.3%
RTX	C	-0.28%
TMUS	B	-0.28%
MEDP	D	-0.28%
TROW	B	-0.28%
WFC	A	-0.28%
TRV	B	-0.26%
MSCI	C	-0.26%
AMGN	D	-0.25%
CVS	D	-0.23%
RSG	A	-0.23%
MGM	D	-0.23%
AMT	D	-0.21%
LHX	C	-0.21%
SPGI	C	-0.21%
GAP	C	-0.21%
FTNT	C	-0.2%
PEP	F	-0.19%
TPH	D	-0.18%
SSNC	B	-0.18%
CACI	D	-0.17%
PSA	D	-0.17%
LNW	D	-0.16%
BBWI	D	-0.16%
VST	B	-0.14%
CLX	B	-0.14%
ITW	B	-0.14%
GL	B	-0.13%
GEN	B	-0.13%
KR	B	-0.12%
BK	A	-0.12%
INTU	C	-0.12%
AON	A	-0.12%
NSC	B	-0.11%
DASH	A	-0.11%
LPLA	A	-0.11%
UNM	A	-0.1%
ED	D	-0.1%
AME	A	-0.09%
TWLO	A	-0.09%
NRG	B	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
CRUS	D	-0.07%
NBIX	C	-0.06%
ANET	C	-0.06%
ORCL	B	-0.04%
VEEV	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	B	-0.02%
PEGA	A	-0.02%