HLAL vs. QLTY ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to GMO U.S. Quality ETF (QLTY)

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

QLTY

GMO U.S. Quality ETF

QLTY Description

QLTY seeks total return by investing in US companies deemed high quality. These companies are defined as having established businesses capable of delivering substantial returns on past investments, utilizing cash flows for high-return investments, or returning cash to shareholders through dividends or share buybacks. The investment strategy combines systematic factors like profitability and leverage, alongside judgmental factors such as assessments of future profitability and growth prospects. It may also use various valuation methodologies, including discounted cash flow analysis and multiples of price-to-earnings, revenues, book values, or other fundamental metrics, to acquire underrated stocks. Additionally, the fund may invest in other ETFs. The fund may also invest in the GMO U.S. Treasury Fund, and money market funds. Investment decisions are not constrained by portfolio turnover rates or benchmark considerations.

Grade (RS Rating)

Last Trade

$32.53

Average Daily Volume

265,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	QLTY
30 Days	2.35%	1.40%
60 Days	1.62%	0.46%
90 Days	3.31%	2.30%
12 Months	20.13%	26.48%

18 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in QLTY	Overlap
AAPL	C	14.59%	5.33%	5.33%
ABT	B	0.89%	4.17%	0.89%
CRM	B	1.33%	2.84%	1.33%
DGX	A	0.08%	1.35%	0.08%
GOOGL	C	4.64%	4.43%	4.43%
ISRG	A	0.84%	2.92%	0.84%
JNJ	D	1.66%	4.24%	1.66%
KLAC	D	0.41%	2.85%	0.41%
KO	D	1.1%	2.81%	1.1%
LRCX	F	0.45%	2.85%	0.45%
MDLZ	F	0.39%	1.72%	0.39%
META	D	5.71%	4.5%	4.5%
MRK	F	1.15%	2.41%	1.15%
MSFT	F	13.9%	6.46%	6.46%
PG	A	1.75%	3.2%	1.75%
TJX	A	0.59%	2.14%	0.59%
TMO	F	0.93%	0.91%	0.91%
TXN	C	0.89%	3.53%	0.89%

HLAL Overweight 180 Positions Relative to QLTY

Symbol	Grade	Weight
TSLA	B	3.95%
GOOG	C	3.92%
XOM	B	2.4%
CVX	A	1.19%
AMD	F	1.05%
CSCO	B	1.04%
LIN	D	0.97%
ADBE	C	0.96%
NOW	A	0.9%
QCOM	F	0.84%
DHR	F	0.7%
AMAT	F	0.7%
PFE	D	0.67%
UBER	D	0.64%
SYK	C	0.6%
BSX	B	0.58%
COP	C	0.58%
MU	D	0.55%
ADP	B	0.55%
PANW	C	0.54%
INTC	D	0.5%
ADI	D	0.5%
MDT	D	0.5%
PLD	D	0.48%
UPS	C	0.43%
NKE	D	0.41%
GEV	B	0.41%
TT	A	0.41%
SNPS	B	0.38%
REGN	F	0.38%
WELL	A	0.37%
MRVL	B	0.36%
CDNS	B	0.36%
CTAS	B	0.35%
MCK	B	0.35%
MMM	D	0.33%
CEG	D	0.33%
EMR	A	0.32%
APD	A	0.31%
BDX	F	0.3%
CARR	D	0.29%
FDX	B	0.29%
ADSK	A	0.29%
NXPI	D	0.27%
ROP	B	0.27%
SLB	C	0.27%
PCAR	B	0.26%
JCI	C	0.25%
MPC	D	0.24%
GWW	B	0.23%
NEM	D	0.23%
PSX	C	0.23%
CMI	A	0.22%
DHI	D	0.22%
ROST	C	0.21%
FAST	B	0.21%
PWR	A	0.21%
ODFL	B	0.2%
VRT	B	0.2%
KVUE	A	0.2%
EA	A	0.19%
BKR	B	0.19%
AXON	A	0.19%
VLO	C	0.19%
EW	C	0.18%
HES	B	0.18%
A	D	0.18%
CTVA	C	0.18%
LEN	D	0.18%
IT	C	0.18%
COR	B	0.18%
IR	B	0.18%
LULU	C	0.17%
GLW	B	0.17%
MLM	B	0.17%
GEHC	F	0.17%
NUE	C	0.17%
VMC	B	0.17%
WAB	B	0.16%
IDXX	F	0.16%
HPQ	B	0.16%
DELL	C	0.16%
RMD	C	0.16%
GRMN	B	0.15%
OXY	D	0.15%
DD	D	0.15%
FANG	D	0.15%
KDP	D	0.15%
TTWO	A	0.14%
TSCO	D	0.14%
ROK	B	0.14%
EBAY	D	0.14%
PPG	F	0.13%
CAH	B	0.13%
ANSS	B	0.13%
XYL	D	0.13%
ON	D	0.13%
CHD	B	0.12%
VLTO	D	0.12%
TYL	B	0.12%
FTV	C	0.12%
PHM	D	0.12%
DOV	A	0.12%
DOW	F	0.12%
ILMN	D	0.11%
DVN	F	0.11%
ADM	D	0.11%
HUBB	B	0.11%
BIIB	F	0.11%
NTAP	C	0.11%
HAL	C	0.11%
BLDR	D	0.1%
STE	F	0.1%
ATO	A	0.1%
STLD	B	0.1%
ZBH	C	0.1%
LYB	F	0.1%
WDC	D	0.1%
PTC	A	0.1%
WY	D	0.1%
WST	C	0.1%
IFF	D	0.1%
MKC	D	0.09%
ARE	D	0.09%
OMC	C	0.09%
LH	C	0.09%
ZBRA	B	0.09%
FSLR	F	0.09%
PKG	A	0.09%
EXPD	D	0.08%
GPC	D	0.08%
PNR	A	0.08%
IEX	B	0.08%
TER	D	0.08%
ICLR	D	0.08%
TRMB	B	0.08%
HOLX	D	0.08%
ULTA	F	0.08%
SNA	A	0.08%
PODD	C	0.08%
EL	F	0.07%
RVTY	F	0.07%
CF	B	0.07%
APTV	D	0.07%
JBHT	C	0.07%
FLEX	A	0.07%
MRO	B	0.07%
IP	B	0.07%
ALGN	D	0.07%
BURL	A	0.07%
DLTR	F	0.06%
BMRN	D	0.06%
JNPR	F	0.06%
AKAM	D	0.06%
REG	B	0.06%
POOL	C	0.06%
SWK	D	0.06%
ROL	B	0.06%
FFIV	B	0.06%
CRL	C	0.05%
NWSA	B	0.05%
IPG	D	0.05%
ALB	C	0.05%
TECH	D	0.05%
SMCI	F	0.05%
OKTA	C	0.05%
BG	F	0.05%
TFX	F	0.04%
SCCO	F	0.04%
DAL	C	0.04%
LKQ	D	0.04%
WBA	F	0.03%
QRVO	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 16 Positions Relative to QLTY

Symbol	Grade	Weight
ORCL	B	-4.71%
UNH	C	-3.62%
ACN	C	-3.3%
V	A	-3.22%
HLT	A	-2.62%
ARMK	B	-2.56%
ELV	F	-2.5%
WFC	A	-2.45%
AVGO	D	-2.45%
AMZN	C	-2.4%
USB	A	-2.31%
OTIS	C	-2.25%
GE	D	-1.73%
LLY	F	-1.61%
STZ	D	-1.59%
CI	F	-1.49%