RWL vs. HLAL ETF Comparison

Comparison of RevenueShares Large Cap ETF (RWL) to Wahed FTSE USA Shariah ETF (HLAL)

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

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

Performance

Period	RWL	HLAL
30 Days	4.90%	2.35%
60 Days	5.46%	1.62%
90 Days	7.07%	3.31%
12 Months	29.24%	20.13%

186 Overlapping Holdings

Symbol	Grade	Weight in RWL	Weight in HLAL	Overlap
A	D	0.03%	0.17%	0.03%
AAPL	C	2.18%	14.91%	2.18%
ABT	B	0.22%	0.9%	0.22%
ADBE	C	0.11%	0.98%	0.11%
ADI	D	0.05%	0.47%	0.05%
ADM	D	0.42%	0.11%	0.11%
ADP	B	0.11%	0.55%	0.11%
ADSK	A	0.04%	0.3%	0.04%
AKAM	D	0.02%	0.06%	0.02%
ALB	C	0.05%	0.06%	0.05%
ALGN	D	0.02%	0.08%	0.02%
AMAT	F	0.15%	0.63%	0.15%
AMD	F	0.12%	0.99%	0.12%
ANSS	B	0.01%	0.13%	0.01%
APD	A	0.07%	0.33%	0.07%
APTV	D	0.09%	0.06%	0.06%
ARE	D	0.01%	0.08%	0.01%
ATO	A	0.02%	0.1%	0.02%
AXON	A	0.02%	0.2%	0.02%
BDX	F	0.11%	0.29%	0.11%
BG	F	0.28%	0.06%	0.06%
BIIB	F	0.04%	0.1%	0.04%
BKR	B	0.19%	0.2%	0.19%
BLDR	D	0.09%	0.09%	0.09%
BSX	B	0.09%	0.6%	0.09%
CAH	B	1.34%	0.13%	0.13%
CARR	D	0.13%	0.28%	0.13%
CDNS	B	0.03%	0.37%	0.03%
CEG	D	0.14%	0.33%	0.14%
CF	B	0.03%	0.07%	0.03%
CHD	B	0.03%	0.12%	0.03%
CMI	A	0.23%	0.22%	0.22%
COP	C	0.34%	0.6%	0.34%
COR	B	1.58%	0.18%	0.18%
CRL	C	0.02%	0.04%	0.02%
CRM	B	0.26%	1.36%	0.26%
CSCO	B	0.34%	1.04%	0.34%
CTAS	B	0.05%	0.34%	0.05%
CTVA	C	0.09%	0.18%	0.09%
CVX	A	1.25%	1.24%	1.24%
DAL	C	0.48%	0.05%	0.05%
DD	D	0.07%	0.15%	0.07%
DELL	C	0.59%	0.16%	0.16%
DGX	A	0.05%	0.08%	0.05%
DHI	D	0.17%	0.22%	0.17%
DHR	F	0.12%	0.67%	0.12%
DLTR	F	0.16%	0.06%	0.06%
DOV	A	0.05%	0.12%	0.05%
DOW	F	0.21%	0.12%	0.12%
DVN	F	0.08%	0.11%	0.08%
EA	A	0.04%	0.2%	0.04%
EBAY	D	0.05%	0.14%	0.05%
EL	F	0.07%	0.07%	0.07%
EMR	A	0.12%	0.33%	0.12%
EW	C	0.03%	0.19%	0.03%
EXPD	D	0.05%	0.08%	0.05%
FANG	D	0.05%	0.15%	0.05%
FAST	B	0.05%	0.21%	0.05%
FDX	B	0.49%	0.29%	0.29%
FFIV	B	0.02%	0.06%	0.02%
FSLR	F	0.02%	0.09%	0.02%
FTV	C	0.03%	0.12%	0.03%
GEHC	F	0.1%	0.17%	0.1%
GEV	B	0.25%	0.41%	0.25%
GLW	B	0.08%	0.16%	0.08%
GOOG	C	1.01%	3.91%	1.01%
GOOGL	C	1.01%	4.63%	1.01%
GPC	D	0.11%	0.08%	0.08%
GRMN	B	0.04%	0.14%	0.04%
GWW	B	0.11%	0.22%	0.11%
HAL	C	0.14%	0.12%	0.12%
HES	B	0.08%	0.19%	0.08%
HOLX	D	0.02%	0.08%	0.02%
HPQ	B	0.32%	0.16%	0.16%
HUBB	B	0.03%	0.11%	0.03%
IDXX	F	0.02%	0.15%	0.02%
IEX	B	0.02%	0.08%	0.02%
IFF	D	0.05%	0.1%	0.05%
INTC	D	0.39%	0.46%	0.39%
IP	B	0.12%	0.07%	0.07%
IPG	D	0.06%	0.05%	0.05%
IR	B	0.04%	0.19%	0.04%
ISRG	A	0.05%	0.85%	0.05%
IT	C	0.04%	0.17%	0.04%
JBHT	C	0.07%	0.07%	0.07%
JCI	C	0.17%	0.25%	0.17%
JNJ	D	0.44%	1.65%	0.44%
JNPR	F	0.03%	0.05%	0.03%
KDP	D	0.07%	0.15%	0.07%
KLAC	D	0.05%	0.37%	0.05%
KO	D	0.22%	1.1%	0.22%
KVUE	A	0.09%	0.2%	0.09%
LEN	D	0.18%	0.0%	0.0%
LEN	D	0.18%	0.18%	0.18%
LH	C	0.07%	0.09%	0.07%
LIN	D	0.17%	0.97%	0.17%
LKQ	D	0.07%	0.04%	0.04%
LRCX	F	0.08%	0.41%	0.08%
LULU	C	0.07%	0.17%	0.07%
LUV	C	0.17%	0.02%	0.02%
LYB	F	0.2%	0.1%	0.1%
MCK	B	2.03%	0.36%	0.36%
MDLZ	F	0.17%	0.39%	0.17%
MDT	D	0.17%	0.49%	0.17%
META	D	0.91%	5.55%	0.91%
MKC	D	0.03%	0.09%	0.03%
MLM	B	0.04%	0.16%	0.04%
MMM	D	0.13%	0.32%	0.13%
MPC	D	0.79%	0.25%	0.25%
MRK	F	0.29%	1.11%	0.29%
MRO	B	0.04%	0.07%	0.04%
MSFT	F	1.34%	13.84%	1.34%
MU	D	0.13%	0.49%	0.13%
NEM	D	0.06%	0.22%	0.06%
NKE	D	0.27%	0.4%	0.27%
NOW	A	0.07%	0.92%	0.07%
NTAP	C	0.04%	0.11%	0.04%
NUE	C	0.18%	0.16%	0.16%
NWS	B	0.03%	0.02%	0.02%
NWSA	B	0.03%	0.05%	0.03%
NXPI	D	0.07%	0.25%	0.07%
ODFL	B	0.04%	0.19%	0.04%
OMC	C	0.09%	0.09%	0.09%
ON	D	0.04%	0.13%	0.04%
OXY	D	0.15%	0.15%	0.15%
PANW	C	0.05%	0.54%	0.05%
PCAR	B	0.23%	0.25%	0.23%
PFE	D	0.27%	0.63%	0.27%
PG	A	0.44%	1.81%	0.44%
PHM	D	0.09%	0.12%	0.09%
PKG	A	0.05%	0.1%	0.05%
PLD	D	0.04%	0.48%	0.04%
PNR	A	0.03%	0.08%	0.03%
PODD	C	0.01%	0.08%	0.01%
POOL	C	0.03%	0.06%	0.03%
PPG	F	0.1%	0.13%	0.1%
PSX	C	0.86%	0.25%	0.25%
PTC	A	0.01%	0.1%	0.01%
PWR	A	0.15%	0.22%	0.15%
QCOM	F	0.2%	0.77%	0.2%
QRVO	F	0.01%	0.03%	0.01%
REG	B	0.01%	0.06%	0.01%
REGN	F	0.05%	0.35%	0.05%
RMD	C	0.02%	0.16%	0.02%
ROK	B	0.05%	0.14%	0.05%
ROL	B	0.02%	0.06%	0.02%
ROP	B	0.04%	0.26%	0.04%
ROST	C	0.11%	0.21%	0.11%
RVTY	F	0.01%	0.06%	0.01%
SLB	C	0.21%	0.28%	0.21%
SMCI	F	0.03%	0.06%	0.03%
SNA	A	0.04%	0.08%	0.04%
SNPS	B	0.04%	0.37%	0.04%
STE	F	0.03%	0.09%	0.03%
STLD	B	0.12%	0.1%	0.1%
SWK	D	0.07%	0.06%	0.06%
SYK	C	0.12%	0.63%	0.12%
TECH	D	0.01%	0.05%	0.01%
TER	D	0.01%	0.07%	0.01%
TFX	F	0.01%	0.04%	0.01%
TJX	A	0.31%	0.61%	0.31%
TMO	F	0.2%	0.87%	0.2%
TRMB	B	0.03%	0.08%	0.03%
TSCO	D	0.08%	0.13%	0.08%
TSLA	B	0.71%	4.25%	0.71%
TT	A	0.12%	0.42%	0.12%
TTWO	A	0.04%	0.14%	0.04%
TXN	C	0.09%	0.81%	0.09%
TYL	B	0.01%	0.11%	0.01%
UAL	A	0.56%	0.03%	0.03%
UBER	D	0.22%	0.62%	0.22%
ULTA	F	0.06%	0.07%	0.06%
UPS	C	0.51%	0.43%	0.43%
VLO	C	0.8%	0.2%	0.2%
VLTO	D	0.03%	0.12%	0.03%
VMC	B	0.05%	0.16%	0.05%
WAB	B	0.07%	0.15%	0.07%
WBA	F	0.77%	0.03%	0.03%
WDC	D	0.07%	0.09%	0.07%
WELL	A	0.04%	0.37%	0.04%
WST	C	0.02%	0.1%	0.02%
WY	D	0.04%	0.1%	0.04%
XOM	B	2.04%	2.42%	2.04%
XYL	D	0.04%	0.13%	0.04%
ZBH	C	0.04%	0.1%	0.04%
ZBRA	B	0.03%	0.09%	0.03%

RWL Overweight 314 Positions Relative to HLAL

Symbol	Grade	Weight
WMT	A	3.83%
AMZN	C	3.77%
BRK.A	B	2.13%
UNH	C	2.1%
CVS	D	1.9%
JPM	A	1.74%
COST	B	1.41%
BAC	A	1.24%
GM	B	1.22%
C	A	1.1%
CI	F	1.06%
F	C	1.03%
WFC	A	0.93%
HD	A	0.89%
KR	B	0.87%
GS	A	0.82%
MS	A	0.76%
CMCSA	B	0.73%
ELV	F	0.7%
T	A	0.69%
CNC	D	0.68%
VZ	C	0.68%
NVDA	C	0.65%
TGT	F	0.6%
DIS	B	0.59%
HUM	C	0.54%
TMUS	B	0.51%
LOW	D	0.49%
PEP	F	0.47%
AXP	A	0.44%
SYY	B	0.42%
CAT	B	0.41%
MET	A	0.41%
RTX	C	0.4%
PGR	A	0.38%
COF	B	0.38%
ACN	C	0.37%
LMT	D	0.37%
BA	F	0.36%
PRU	A	0.36%
CHTR	C	0.35%
ORCL	B	0.34%
ALL	A	0.34%
HCA	F	0.33%
IBM	C	0.33%
DE	A	0.31%
TSN	B	0.3%
BMY	B	0.3%
CB	C	0.29%
USB	A	0.26%
TRV	B	0.26%
AVGO	D	0.26%
ABBV	D	0.26%
WBD	C	0.25%
GD	F	0.24%
AIG	B	0.24%
NFLX	A	0.24%
HON	B	0.23%
BK	A	0.23%
NOC	D	0.22%
BBY	D	0.22%
V	A	0.21%
PYPL	B	0.21%
PNC	B	0.21%
GE	D	0.21%
HPE	B	0.2%
DG	F	0.2%
SBUX	A	0.2%
CBRE	B	0.2%
PM	B	0.2%
JBL	B	0.2%
MOH	F	0.18%
NRG	B	0.18%
SCHW	B	0.18%
CCL	B	0.18%
LLY	F	0.18%
GILD	C	0.17%
LYV	A	0.17%
PARA	C	0.17%
DUK	C	0.16%
TFC	A	0.16%
ETN	A	0.16%
BKNG	A	0.16%
KKR	A	0.16%
MAR	B	0.16%
DFS	B	0.16%
EOG	A	0.15%
AMGN	D	0.15%
SYF	B	0.15%
MA	C	0.15%
FCX	D	0.14%
SO	D	0.14%
HIG	B	0.14%
KMX	B	0.14%
MCD	D	0.14%
PCG	A	0.14%
MMC	B	0.13%
UNP	C	0.13%
BLK	C	0.13%
KHC	F	0.13%
PH	A	0.13%
SHW	A	0.13%
FI	A	0.13%
VST	B	0.13%
TRGP	B	0.12%
MO	A	0.12%
RCL	A	0.12%
EXC	C	0.12%
AMP	A	0.12%
NEE	D	0.12%
SW	A	0.12%
STT	A	0.12%
WM	A	0.12%
OKE	A	0.12%
LHX	C	0.12%
KMI	A	0.11%
CHRW	C	0.11%
AFL	B	0.11%
RJF	A	0.11%
CTSH	B	0.11%
INTU	C	0.1%
NTRS	A	0.1%
GIS	D	0.1%
MGM	D	0.1%
L	A	0.1%
ORLY	B	0.1%
AEP	D	0.1%
EXPE	B	0.1%
AZO	C	0.1%
KMB	D	0.1%
CSX	B	0.09%
RSG	A	0.09%
EIX	B	0.09%
VTRS	A	0.09%
J	F	0.09%
MTB	A	0.09%
PFG	D	0.09%
ITW	B	0.09%
CDW	F	0.09%
URI	B	0.09%
LDOS	C	0.09%
CL	D	0.09%
LVS	C	0.08%
HBAN	A	0.08%
ETR	B	0.08%
SRE	A	0.08%
CFG	B	0.08%
XEL	A	0.08%
FITB	A	0.08%
OTIS	C	0.08%
APH	A	0.08%
BWA	D	0.08%
EG	C	0.08%
AON	A	0.08%
ECL	D	0.08%
BAX	D	0.07%
ABNB	C	0.07%
DRI	B	0.07%
BALL	D	0.07%
FE	C	0.07%
MOS	F	0.07%
HLT	A	0.07%
NCLH	B	0.07%
AMCR	D	0.07%
BX	A	0.07%
WMB	A	0.07%
KEY	B	0.07%
IQV	D	0.07%
AIZ	A	0.07%
UHS	D	0.07%
NSC	B	0.07%
SPGI	C	0.07%
WRB	A	0.07%
ACGL	D	0.07%
ED	D	0.07%
K	A	0.07%
TAP	C	0.07%
D	C	0.07%
TXT	D	0.07%
ICE	C	0.06%
PEG	A	0.06%
ES	D	0.06%
VRTX	F	0.06%
CAG	D	0.06%
GPN	B	0.06%
FIS	C	0.06%
WTW	B	0.06%
AJG	B	0.06%
RF	A	0.06%
HRL	D	0.06%
CMG	B	0.06%
CZR	F	0.06%
DTE	C	0.06%
MSI	B	0.06%
CINF	A	0.06%
HSIC	B	0.06%
DVA	B	0.06%
FOXA	B	0.05%
CPB	D	0.05%
FOX	A	0.05%
HWM	A	0.05%
PPL	B	0.05%
WYNN	D	0.05%
APA	D	0.05%
EQIX	A	0.05%
WEC	A	0.05%
HII	D	0.05%
EMN	D	0.05%
BEN	C	0.05%
TPR	B	0.05%
CNP	B	0.05%
AMT	D	0.05%
AES	F	0.05%
NVR	D	0.05%
STZ	D	0.05%
MHK	D	0.05%
HSY	F	0.05%
IVZ	B	0.04%
MCO	B	0.04%
ANET	C	0.04%
FTNT	C	0.04%
BR	A	0.04%
NDAQ	A	0.04%
CLX	B	0.04%
CMS	C	0.04%
TDG	D	0.04%
YUM	B	0.04%
AEE	A	0.04%
TROW	B	0.04%
MAS	D	0.04%
SJM	D	0.04%
AVY	D	0.04%
RL	B	0.04%
AME	A	0.04%
SOLV	C	0.04%
LW	C	0.04%
ZTS	D	0.04%
MNST	C	0.04%
VTR	C	0.03%
CPAY	A	0.03%
EFX	F	0.03%
CRWD	B	0.03%
INCY	C	0.03%
BRO	B	0.03%
CPRT	A	0.03%
PNW	B	0.03%
DECK	A	0.03%
DPZ	C	0.03%
KEYS	A	0.03%
GNRC	B	0.03%
GDDY	A	0.03%
HST	C	0.03%
NI	A	0.03%
MCHP	D	0.03%
EPAM	C	0.03%
IRM	D	0.03%
PAYX	C	0.03%
CCI	D	0.03%
EVRG	A	0.03%
EQT	B	0.03%
GL	B	0.03%
CME	A	0.03%
CTRA	B	0.03%
DLR	B	0.03%
TDY	B	0.03%
STX	D	0.03%
CE	F	0.03%
SPG	B	0.03%
ERIE	D	0.02%
AVB	B	0.02%
EXR	D	0.02%
VRSK	A	0.02%
MRNA	F	0.02%
MSCI	C	0.02%
MTCH	D	0.02%
WAT	B	0.02%
BXP	D	0.02%
MTD	D	0.02%
VICI	C	0.02%
FMC	D	0.02%
SWKS	F	0.02%
AOS	F	0.02%
CBOE	B	0.02%
ALLE	D	0.02%
AWK	D	0.02%
LNT	A	0.02%
PLTR	B	0.02%
HAS	D	0.02%
DXCM	D	0.02%
O	D	0.02%
PSA	D	0.02%
CTLT	B	0.02%
GEN	B	0.02%
FRT	B	0.01%
MPWR	F	0.01%
CPT	B	0.01%
VRSN	F	0.01%
UDR	B	0.01%
ESS	B	0.01%
KIM	A	0.01%
FICO	B	0.01%
MAA	B	0.01%
DAY	B	0.01%
JKHY	D	0.01%
DOC	D	0.01%
PAYC	B	0.01%
INVH	D	0.01%
SBAC	D	0.01%
FDS	B	0.01%
CSGP	D	0.01%
NDSN	B	0.01%
EQR	B	0.01%
MKTX	D	0.0%
ENPH	F	0.0%

RWL Underweight 12 Positions Relative to HLAL

Symbol	Grade	Weight
MRVL	B	-0.35%
VRT	B	-0.22%
ILMN	D	-0.09%
BURL	A	-0.08%
FLEX	A	-0.07%
ICLR	D	-0.07%
OKTA	C	-0.05%
BMRN	D	-0.05%
SCCO	F	-0.04%
GFS	C	-0.02%
WLK	D	-0.02%
AGR	B	-0.01%