HLAL vs. QQEW ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	QQEW
30 Days	2.35%	4.45%
60 Days	1.62%	5.07%
90 Days	3.31%	5.05%
12 Months	20.13%	20.64%

50 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in QQEW	Overlap
AAPL	C	14.91%	0.96%	0.96%
ADBE	C	0.98%	0.97%	0.97%
ADI	D	0.47%	0.9%	0.47%
ADP	B	0.55%	1.05%	0.55%
ADSK	A	0.3%	1.1%	0.3%
AMAT	F	0.63%	0.93%	0.63%
AMD	F	0.99%	0.85%	0.85%
ANSS	B	0.13%	1.02%	0.13%
BIIB	F	0.1%	0.79%	0.1%
BKR	B	0.2%	1.15%	0.2%
CDNS	B	0.37%	1.06%	0.37%
CEG	D	0.33%	0.85%	0.33%
CSCO	B	1.04%	1.07%	1.04%
CTAS	B	0.34%	1.02%	0.34%
DLTR	F	0.06%	0.88%	0.06%
EA	A	0.2%	1.13%	0.2%
FANG	D	0.15%	0.97%	0.15%
FAST	B	0.21%	1.11%	0.21%
GEHC	F	0.17%	0.88%	0.17%
GFS	C	0.02%	1.04%	0.02%
GOOG	C	3.91%	0.52%	0.52%
GOOGL	C	4.63%	0.52%	0.52%
IDXX	F	0.15%	0.8%	0.15%
ILMN	D	0.09%	1.04%	0.09%
INTC	D	0.46%	1.1%	0.46%
ISRG	A	0.85%	1.06%	0.85%
KDP	D	0.15%	0.86%	0.15%
KLAC	D	0.37%	0.82%	0.37%
LIN	D	0.97%	0.92%	0.92%
LRCX	F	0.41%	0.93%	0.41%
LULU	C	0.17%	1.21%	0.17%
MDLZ	F	0.39%	0.85%	0.39%
META	D	5.55%	0.99%	0.99%
MRVL	B	0.35%	1.18%	0.35%
MSFT	F	13.84%	0.94%	0.94%
MU	D	0.49%	1.05%	0.49%
NXPI	D	0.25%	0.93%	0.25%
ODFL	B	0.19%	1.11%	0.19%
ON	D	0.13%	0.92%	0.13%
PANW	C	0.54%	1.11%	0.54%
PCAR	B	0.25%	1.12%	0.25%
QCOM	F	0.77%	0.93%	0.77%
REGN	F	0.35%	0.66%	0.35%
ROP	B	0.26%	0.97%	0.26%
ROST	C	0.21%	0.89%	0.21%
SMCI	F	0.06%	0.38%	0.06%
SNPS	B	0.37%	1.04%	0.37%
TSLA	B	4.25%	1.25%	1.25%
TTWO	A	0.14%	1.17%	0.14%
TXN	C	0.81%	0.97%	0.81%

HLAL Overweight 148 Positions Relative to QQEW

Symbol	Grade	Weight
XOM	B	2.42%
PG	A	1.81%
JNJ	D	1.65%
CRM	B	1.36%
CVX	A	1.24%
MRK	F	1.11%
KO	D	1.1%
NOW	A	0.92%
ABT	B	0.9%
TMO	F	0.87%
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
UBER	D	0.62%
TJX	A	0.61%
BSX	B	0.6%
COP	C	0.6%
MDT	D	0.49%
PLD	D	0.48%
UPS	C	0.43%
TT	A	0.42%
GEV	B	0.41%
NKE	D	0.4%
WELL	A	0.37%
MCK	B	0.36%
EMR	A	0.33%
APD	A	0.33%
MMM	D	0.32%
BDX	F	0.29%
FDX	B	0.29%
SLB	C	0.28%
CARR	D	0.28%
PSX	C	0.25%
JCI	C	0.25%
MPC	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%
AXON	A	0.2%
VLO	C	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
EW	C	0.19%
LEN	D	0.18%
COR	B	0.18%
CTVA	C	0.18%
A	D	0.17%
IT	C	0.17%
RMD	C	0.16%
NUE	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%
OXY	D	0.15%
WAB	B	0.15%
EBAY	D	0.14%
GRMN	B	0.14%
ROK	B	0.14%
PPG	F	0.13%
TSCO	D	0.13%
CAH	B	0.13%
XYL	D	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%
DVN	F	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%
ZBRA	B	0.09%
FSLR	F	0.09%
LH	C	0.09%
STE	F	0.09%
WDC	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%
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%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 51 Positions Relative to QQEW

Symbol	Grade	Weight
TEAM	A	-1.47%
NVDA	C	-1.21%
DASH	A	-1.19%
FTNT	C	-1.18%
BKNG	A	-1.17%
ZS	C	-1.16%
CHTR	C	-1.15%
NFLX	A	-1.15%
WBD	C	-1.15%
TMUS	B	-1.14%
MAR	B	-1.11%
DDOG	A	-1.1%
CRWD	B	-1.1%
TTD	B	-1.1%
HON	B	-1.09%
PDD	F	-1.08%
CPRT	A	-1.07%
PYPL	B	-1.07%
AMZN	C	-1.06%
ORLY	B	-1.06%
MNST	C	-1.05%
WDAY	B	-1.05%
PAYX	C	-1.05%
GILD	C	-1.05%
VRSK	A	-1.04%
CMCSA	B	-1.04%
INTU	C	-1.04%
XEL	A	-1.03%
DXCM	D	-1.02%
CTSH	B	-1.02%
MDB	C	-1.01%
VRTX	F	-1.0%
SBUX	A	-0.99%
COST	B	-0.98%
CSX	B	-0.98%
ABNB	C	-0.98%
AVGO	D	-0.96%
ARM	D	-0.94%
PEP	F	-0.93%
CSGP	D	-0.93%
CCEP	C	-0.93%
EXC	C	-0.91%
AEP	D	-0.88%
KHC	F	-0.87%
MELI	D	-0.86%
ASML	F	-0.84%
AMGN	D	-0.84%
MCHP	D	-0.82%
AZN	D	-0.8%
CDW	F	-0.77%
MRNA	F	-0.58%