HLAL vs IVV
Wahed FTSE USA Shariah ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HLAL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HLAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $963M | $907.0B | |
| Dividend Yield | 0.46% | 1.10% | |
| Holdings | 208 | 508 | |
| YTD Return | +16.67% | +12.71% | |
| 1Y Return | +31.00% | +21.89% | |
| 3Y Return (annualized) | +20.47% | +22.08% | |
| 5Y Return (annualized) | +13.75% | +12.96% | |
| Volatility (annualized) | 17.9% | 15.1% | |
| Max Drawdown | -33.6% | -56.5% | |
| Fund Family | Wahed Invest | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2019 | May 15, 2000 |
HLAL vs IVV Performance
Wahed FTSE USA Shariah ETF (HLAL) is a ETF from Wahed Invest and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HLAL returned +31.00% while IVV returned +21.89%. Year to date, HLAL is up 16.67% versus a gain of 12.71% for IVV.
Over three years, HLAL compounded at +20.47% per year against +22.08% for IVV; over five years the annualized figures are +13.75% and +12.96% respectively. Across the full 7-year window we track, HLAL has the edge at +16.91% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HLAL has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.6% for HLAL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HLAL charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, HLAL currently yields 0.46% against 1.10% for IVV.
Holdings Overlap
HLAL and IVV share 188 holdings out of 529 unique holdings combined, representing a 59.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, HLAL or IVV?
HLAL has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, HLAL or IVV?
Over the past year HLAL returned +31.00% vs +21.89% for IVV, so HLAL leads on 1-year performance. Over the longest common window we track (7 years), HLAL annualized +16.91% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HLAL or IVV?
HLAL has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: HLAL -33.6% vs IVV -56.5%.
Should I hold both HLAL and IVV?
HLAL and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HLAL and IVV?
HLAL and IVV share 188 common holdings with a 59.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, HLAL or IVV?
HLAL yields 0.46% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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