HLAL vs. SHE ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	HLAL	SHE
30 Days	2.35%	2.93%
60 Days	1.62%	5.56%
90 Days	3.31%	7.44%
12 Months	20.13%	34.03%

76 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in SHE	Overlap
AAPL	C	14.91%	4.14%	4.14%
ABT	B	0.9%	0.73%	0.73%
ADM	D	0.11%	0.08%	0.08%
ADSK	A	0.3%	1.25%	0.3%
AKAM	D	0.06%	0.22%	0.06%
ALB	C	0.06%	0.04%	0.04%
ANSS	B	0.13%	0.49%	0.13%
APTV	D	0.06%	0.11%	0.06%
BIIB	F	0.1%	0.09%	0.09%
BKR	B	0.2%	0.14%	0.14%
BURL	A	0.08%	0.15%	0.08%
CAH	B	0.13%	0.11%	0.11%
CARR	D	0.28%	0.19%	0.19%
CHD	B	0.12%	0.08%	0.08%
CMI	A	0.22%	0.24%	0.22%
COR	B	0.18%	0.15%	0.15%
CRL	C	0.04%	0.04%	0.04%
CSCO	B	1.04%	4.03%	1.04%
CVX	A	1.24%	0.98%	0.98%
DAL	C	0.05%	0.04%	0.04%
DD	D	0.15%	0.1%	0.1%
DHI	D	0.22%	0.22%	0.22%
DOW	F	0.12%	0.11%	0.11%
EA	A	0.2%	0.12%	0.12%
EBAY	D	0.14%	0.14%	0.14%
EL	F	0.07%	0.06%	0.06%
EMR	A	0.33%	0.25%	0.25%
FANG	D	0.15%	0.11%	0.11%
FDX	B	0.29%	0.22%	0.22%
FTV	C	0.12%	0.1%	0.1%
GWW	B	0.22%	0.17%	0.17%
HUBB	B	0.11%	0.09%	0.09%
IDXX	F	0.15%	0.14%	0.14%
IFF	D	0.1%	0.07%	0.07%
ILMN	D	0.09%	0.08%	0.08%
INTC	D	0.46%	1.87%	0.46%
IPG	D	0.05%	0.05%	0.05%
JCI	C	0.25%	0.24%	0.24%
JNJ	D	1.65%	1.41%	1.41%
KO	D	1.1%	0.99%	0.99%
LH	C	0.09%	0.07%	0.07%
LIN	D	0.97%	0.89%	0.89%
LULU	C	0.17%	0.33%	0.17%
LUV	C	0.02%	0.02%	0.02%
LYB	F	0.1%	0.07%	0.07%
MCK	B	0.36%	0.31%	0.31%
MDT	D	0.49%	0.41%	0.41%
META	D	5.55%	4.59%	4.59%
MMM	D	0.32%	0.25%	0.25%
MRK	F	1.11%	0.89%	0.89%
MSFT	F	13.84%	4.17%	4.17%
NEM	D	0.22%	0.2%	0.2%
NKE	D	0.4%	0.42%	0.4%
NWSA	B	0.05%	0.03%	0.03%
OMC	C	0.09%	0.07%	0.07%
OXY	D	0.15%	0.14%	0.14%
PG	A	1.81%	1.5%	1.5%
PNR	A	0.08%	0.07%	0.07%
PSX	C	0.25%	0.15%	0.15%
ROK	B	0.14%	0.11%	0.11%
ROST	C	0.21%	0.41%	0.21%
SWK	D	0.06%	0.05%	0.05%
TFX	F	0.04%	0.03%	0.03%
TJX	A	0.61%	1.21%	0.61%
TSCO	D	0.13%	0.26%	0.13%
TT	A	0.42%	0.34%	0.34%
TTWO	A	0.14%	0.09%	0.09%
TYL	B	0.11%	0.44%	0.11%
UBER	D	0.62%	0.57%	0.57%
ULTA	F	0.07%	0.16%	0.07%
VLTO	D	0.12%	0.12%	0.12%
WAB	B	0.15%	0.11%	0.11%
WBA	F	0.03%	0.03%	0.03%
WY	D	0.1%	0.07%	0.07%
XOM	B	2.42%	1.46%	1.46%
XYL	D	0.13%	0.11%	0.11%

HLAL Overweight 122 Positions Relative to SHE

Symbol	Grade	Weight
GOOGL	C	4.63%
TSLA	B	4.25%
GOOG	C	3.91%
CRM	B	1.36%
AMD	F	0.99%
ADBE	C	0.98%
NOW	A	0.92%
TMO	F	0.87%
ISRG	A	0.85%
TXN	C	0.81%
QCOM	F	0.77%
DHR	F	0.67%
SYK	C	0.63%
PFE	D	0.63%
AMAT	F	0.63%
BSX	B	0.6%
COP	C	0.6%
ADP	B	0.55%
PANW	C	0.54%
MU	D	0.49%
PLD	D	0.48%
ADI	D	0.47%
UPS	C	0.43%
LRCX	F	0.41%
GEV	B	0.41%
MDLZ	F	0.39%
SNPS	B	0.37%
KLAC	D	0.37%
WELL	A	0.37%
CDNS	B	0.37%
REGN	F	0.35%
MRVL	B	0.35%
CTAS	B	0.34%
APD	A	0.33%
CEG	D	0.33%
BDX	F	0.29%
SLB	C	0.28%
ROP	B	0.26%
MPC	D	0.25%
NXPI	D	0.25%
PCAR	B	0.25%
PWR	A	0.22%
VRT	B	0.22%
FAST	B	0.21%
AXON	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%
CTVA	C	0.18%
GEHC	F	0.17%
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%
KDP	D	0.15%
GRMN	B	0.14%
PPG	F	0.13%
ON	D	0.13%
PHM	D	0.12%
DOV	A	0.12%
HAL	C	0.12%
DVN	F	0.11%
NTAP	C	0.11%
STLD	B	0.1%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
ZBH	C	0.1%
WST	C	0.1%
MKC	D	0.09%
ZBRA	B	0.09%
FSLR	F	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%
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%
FLEX	A	0.07%
MRO	B	0.07%
TER	D	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%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
FFIV	B	0.06%
TECH	D	0.05%
JNPR	F	0.05%
OKTA	C	0.05%
BMRN	D	0.05%
SCCO	F	0.04%
LKQ	D	0.04%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 163 Positions Relative to SHE

Symbol	Grade	Weight
NVDA	C	-4.79%
ACN	C	-4.39%
INTU	C	-3.56%
JPM	A	-2.69%
LLY	F	-2.32%
NFLX	A	-1.78%
UNH	C	-1.75%
V	A	-1.62%
BKNG	A	-1.33%
BAC	A	-1.2%
COST	B	-1.13%
FTNT	C	-1.08%
WFC	A	-0.97%
LOW	D	-0.96%
SBUX	A	-0.94%
CAT	B	-0.94%
VZ	C	-0.77%
PGR	A	-0.67%
AXP	A	-0.65%
MAR	B	-0.65%
T	A	-0.63%
CMG	B	-0.63%
GE	D	-0.58%
SPGI	C	-0.58%
HUBS	A	-0.58%
HLT	A	-0.53%
HON	B	-0.52%
TMUS	B	-0.52%
ETN	A	-0.51%
C	A	-0.51%
RTX	C	-0.5%
SCHW	B	-0.47%
GDDY	A	-0.47%
VRTX	F	-0.45%
CDW	F	-0.44%
MMC	B	-0.43%
GILD	C	-0.42%
ABNB	C	-0.36%
MCO	B	-0.33%
CI	F	-0.32%
PNC	B	-0.32%
DE	A	-0.32%
NOC	D	-0.31%
ZTS	D	-0.31%
RCL	A	-0.31%
FLUT	A	-0.31%
ITW	B	-0.29%
TWLO	A	-0.28%
DUK	C	-0.27%
TGT	F	-0.27%
CL	D	-0.26%
BA	F	-0.26%
CVS	D	-0.25%
EQIX	A	-0.25%
TFC	A	-0.24%
COF	B	-0.24%
D	C	-0.23%
DLR	B	-0.22%
SPG	B	-0.22%
EOG	A	-0.21%
WCN	A	-0.21%
BK	A	-0.21%
VST	B	-0.2%
ECL	D	-0.2%
PSA	D	-0.19%
AIG	B	-0.19%
PRU	A	-0.19%
CHTR	C	-0.18%
NSC	B	-0.18%
ALL	A	-0.18%
PEG	A	-0.17%
LNG	B	-0.17%
SQ	B	-0.17%
FIS	C	-0.17%
AEP	D	-0.16%
O	D	-0.16%
HIG	B	-0.15%
KR	B	-0.15%
DECK	A	-0.14%
MTB	A	-0.14%
CSGP	D	-0.14%
WSM	B	-0.14%
VICI	C	-0.14%
ED	D	-0.13%
IRM	D	-0.13%
GIS	D	-0.13%
WTW	B	-0.13%
TTD	B	-0.13%
EIX	B	-0.13%
EXC	C	-0.13%
EXR	D	-0.12%
STZ	D	-0.12%
ALNY	D	-0.12%
CNC	D	-0.12%
AWK	D	-0.12%
XEL	A	-0.12%
VTR	C	-0.12%
FITB	A	-0.12%
AVB	B	-0.11%
WEC	A	-0.11%
WBD	C	-0.11%
ETR	B	-0.11%
DTE	C	-0.11%
BR	A	-0.1%
LDOS	C	-0.1%
HSY	F	-0.1%
GPN	B	-0.1%
INVH	D	-0.09%
EQR	B	-0.09%
SYF	B	-0.09%
BBY	D	-0.09%
RF	A	-0.09%
TROW	B	-0.09%
PPL	B	-0.09%
LVS	C	-0.09%
NTRS	A	-0.08%
AEE	A	-0.08%
PFG	D	-0.08%
SW	A	-0.08%
DKS	C	-0.08%
LPLA	A	-0.08%
CLX	B	-0.08%
CNP	B	-0.08%
KMX	B	-0.07%
DG	F	-0.07%
J	F	-0.07%
SSNC	B	-0.07%
EQT	B	-0.07%
KEY	B	-0.07%
KIM	A	-0.07%
MAA	B	-0.07%
FDS	B	-0.07%
HST	C	-0.06%
UTHR	C	-0.06%
OC	A	-0.06%
AMCR	D	-0.06%
TRU	D	-0.06%
PINS	D	-0.06%
CMS	C	-0.06%
MGM	D	-0.06%
SJM	D	-0.05%
FBIN	D	-0.05%
INCY	C	-0.05%
RPM	A	-0.05%
TXT	D	-0.05%
SNAP	C	-0.05%
ACM	A	-0.05%
TSN	B	-0.05%
BBWI	D	-0.04%
Z	A	-0.04%
RIVN	F	-0.04%
HRL	D	-0.04%
OVV	B	-0.04%
PARA	C	-0.04%
DAY	B	-0.04%
AMH	D	-0.04%
AIZ	A	-0.04%
NBIX	C	-0.04%
WYNN	D	-0.04%
CPB	D	-0.03%
CE	F	-0.03%
APA	D	-0.02%
ACI	C	-0.02%