HLAL vs QQQ
HLAL vs QQQ
Wahed FTSE USA Shariah ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. HLAL delivered stronger 1-year returns. HLAL offers more diversification with 208 holdings.
Side-by-Side Comparison
| Metric | HLAL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $906M | $455.8B | |
| Dividend Yield | 0.45% | 0.41% | |
| Holdings | 209 | 108 | |
| YTD Return | +17.96% | +18.20% | |
| 1Y Return | +33.31% | +27.63% | |
| 3Y Return (annualized) | +20.14% | +25.54% | |
| 5Y Return (annualized) | +14.25% | +15.12% | |
| Volatility (annualized) | 18.0% | 30.6% | |
| Max Drawdown | -33.6% | -83.0% | |
| Fund Family | Wahed Invest | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2019 | Mar 10, 1999 |
HLAL vs QQQ Performance
Wahed FTSE USA Shariah ETF (HLAL) is a ETF from Wahed Invest and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HLAL returned +33.31% while QQQ returned +27.63%. Year to date, HLAL is up 17.96% versus a gain of 18.20% for QQQ.
Over three years, HLAL compounded at +20.14% per year against +25.54% for QQQ; over five years the annualized figures are +14.25% and +15.12% respectively. Across the full 7-year window we track, HLAL has the edge at +17.19% annualized vs +13.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.0% for HLAL. 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 -83.0% for QQQ. 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 0.93. 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 QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, HLAL currently yields 0.45% against 0.41% for QQQ.
Holdings Overlap
HLAL and QQQ share 48 holdings out of 263 unique holdings combined, representing a 48.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HLAL | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 13.35% | 7.46% | 5.89% |
| MSFT | 9.25% | 4.65% | 4.60% |
| GOOGL | 6.72% | 3.29% | 3.43% |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
See all 10 holdings HLAL shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HLAL or QQQ?
HLAL has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, HLAL or QQQ?
Over the past year HLAL returned +33.31% vs +27.63% for QQQ, so HLAL leads on 1-year performance. Over the longest common window we track (7 years), HLAL annualized +17.19% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, HLAL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.0% for HLAL. Worst drawdown: HLAL -33.6% vs QQQ -83.0%.
Should I hold both HLAL and QQQ?
HLAL and QQQ have a monthly-return correlation of 0.93, 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 QQQ?
HLAL and QQQ share 48 common holdings with a 48.3% weight overlap. Combined, they hold 263 unique securities.
Which pays a higher dividend, HLAL or QQQ?
HLAL yields 0.45% while QQQ yields 0.41%, so HLAL currently pays the higher dividend yield.
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