HLAL vs MNZL
Wahed FTSE USA Shariah ETF against Manzil Russell Halal USA Broad Market ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
61%
164 shared positions
Fee gap
10 bp
MNZL is cheaper
1-year return gap
—
Larger fund
HLAL
$994M
Side by side
| HLAL | MNZL | |
|---|---|---|
| Fund | Wahed FTSE USA Shariah ETF | Manzil Russell Halal USA Broad Market ETF |
| Issuer | Wahed | Manzil |
| Category | ESG & Values | ESG & Values |
| Expense ratio | 0.50% | 0.40% |
| Assets | $994M | $16M |
| Average daily dollar volume | $3.9M | $361K |
| Listed | Jul 15, 2019 | Nov 18, 2025 |
| FrenzyCap score | 50 | 32 |
| 1-month return | +4.9% | +4.0% |
| 3-month return | +6.8% | +2.6% |
| Year to date | +22.4% | +20.0% |
| 1-year return | +26.2% | — |
| 30-day volatility | 11.6% | 10.7% |
| Worst drawdown, 1 year | −10.3% | −9.7% |
| Trailing 12-month yield | 0.35% | 0.03% |
| Holdings | 208 | 462 |
| Top 10 weight | 55.5% | 39.2% |
| Look-through P/E | 30.3 | 33.0 |
| Holdings vs fair value | −2.0% | −0.9% |
| Holdings above 200-day average | 79% | 62% |
| Net flow, latest 3 reported months | +$35M thru May 2026 | +$7.8M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Apr 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
63% of HLAL · 74% of MNZL| Holding | HLAL | MNZL |
|---|---|---|
| AAPL | 13.22% | 14.69% |
| AVGO | 5.83% | 7.26% |
| TSLA | 3.58% | 4.06% |
| LLY | 2.43% | 2.84% |
| MU | 3.24% | 2.17% |
| AMD | 2.34% | 2.14% |
| JNJ | 1.53% | 2.08% |
| LRCX | 1.12% | 1.21% |
| AMAT | 0.99% | 1.19% |
| PG | 0.97% | 1.31% |
| MRK | 0.84% | 1.01% |
| TXN | 0.81% | 0.98% |
| GEV | 0.74% | 1.12% |
| QCOM | 0.76% | 0.72% |
| KLAC | 0.72% | 0.88% |
| SNDK | 0.71% | 0.60% |
| ADI | 0.57% | 0.73% |
| PANW | 0.64% | 0.54% |
| TMO | 0.53% | 0.70% |
| WDC | 0.50% | 0.55% |
| CRM | 0.49% | 0.61% |
| TJX | 0.49% | 0.66% |
| T | 0.49% | 0.68% |
| GILD | 0.48% | 0.62% |
| PFE | 0.42% | 0.57% |
Sector mix of the stock holdings
| Sector | HLAL | MNZL | Gap |
|---|---|---|---|
| Technology | 66.0% | 44.3% | +21.8% |
| Health Care | 9.1% | 14.6% | −5.4% |
| Industrials | 5.7% | 12.1% | −6.3% |
| Consumer Discretionary | 5.1% | 10.7% | −5.6% |
| Consumer Staples | 3.1% | 4.2% | −1.1% |
| Energy | 4.2% | 2.2% | +2.1% |
| Materials | 1.8% | 3.6% | −1.7% |
| Communication Services | 0.7% | 0.7% | −0.1% |
| Utilities | 0.2% | 1.0% | −0.7% |
| Real Estate | 0.8% | 0.2% | +0.6% |
| Financials | 0.1% | 0.3% | −0.2% |
| Other | 0.0% | 0.0% | −0.0% |
More: full overlap table · HLAL holdings · MNZL holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.