GWX vs HLAL

Comparison between STATE STREET(R) SPDR(R) S&P(R) INTERNATIONAL SMALL CAP ETF (GWX, ETF) and WAHED FTSE USA SHARIAH ETF (HLAL, ETF).

5-Year PerformanceHLAL has outperformed GWX, delivering a return of +15.0% compared to +5.9%

GWX vs HLAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GWX(ETF)	HLAL(ETF)
Net Assets	$917M	$918M
Expense Ratio	0.40%	0.50%
Max Drawdown	64.84%	33.57%
Sharpe Ratio	1.44	2.13
5Y Beta	0.71	1.01
P/E Ratio	N/A	32.66
Forward P/E	N/A	22.78
PEG Ratio	N/A	0.49
5Y Dividends CAGR	11.24%	4.47%
5Y EPS CAGR	N/A	21.02%
Debt to Equity	N/A	36.86%

Net Assets

GWX

$917M

Winner

HLAL

$918M

Expense Ratio

Winner

GWX

0.40%

HLAL

0.50%

Max Drawdown

GWX

64.84%

Winner

HLAL

33.57%

Sharpe Ratio

GWX

1.44

Winner

HLAL

2.13

5Y Beta

Winner

GWX

0.71

HLAL

1.01

P/E Ratio

GWX

N/A

HLAL

32.66

Forward P/E

GWX

N/A

HLAL

22.78

PEG Ratio

GWX

N/A

HLAL

0.49

5Y Dividends CAGR

Winner

GWX

11.24%

HLAL

4.47%

5Y EPS CAGR

GWX

N/A

HLAL

21.02%

Debt to Equity

GWX

N/A

HLAL

36.86%

GWX vs HLAL - Holdings Comparison

GWX and HLAL have 1 common holdings. Overlap is 0.00%

GWX's top 25 holdings weight is 5.87%. HLAL's top 25 holdings weight is 70.08%.

Rank	GWX	HLAL
#1	MEIKO ELECTRONICS CO LTD (n/a) - 0.33%	APPLE INC (AAPL) - 12.81%
#2	KANEMATSU CORP (n/a) - 0.29%	MICROSOFT CORP (MSFT) - 8.87%
#3	TAMARACK VALLEY ENERGY LTD (n/a) - 0.28%	ALPHABET INC CLASS A (GOOGL) - 6.29%
#4	NITTO BOSEKI CO LTD (n/a) - 0.27%	BROADCOM INC (AVGO) - 5.33%
#5	MEGA OR HOLDINGS LTD (n/a) - 0.26%	ALPHABET INC CLASS C (GOOG) - 5.10%
#6	KITRON ASA (n/a) - 0.25%	META PLATFORMS INC CLASS A (META) - 3.82%
#7	SPROTT INC (n/a) - 0.25%	TESLA INC (TSLA) - 3.39%
#8	CENTERRA GOLD INC (n/a) - 0.25%	MICRON TECHNOLOGY INC (MU) - 3.25%
#9	WOORI TECHNOLOGY INCORPORATION (n/a) - 0.25%	ELI LILLY AND CO (LLY) - 2.59%
#10	INSIGNIA FINANCIAL LTD (n/a) - 0.24%	ADVANCED MICRO DEVICES INC (AMD) - 2.25%
#11	AIXTRON SE (n/a) - 0.24%	EXXON MOBIL CORP (XOM) - 1.84%
#12	n/a (ZIM) - 0.23%	JOHNSON & JOHNSON (JNJ) - 1.68%
#13	SEOJIN SYSTEM CO LTD (n/a) - 0.22%	CISCO SYSTEMS INC (CSCO) - 1.40%
#14	WONIK IPS CO LTD (n/a) - 0.22%	INTEL CORP (INTC) - 1.39%
#15	DAEDUCK ELECTRONICS ORDINARY SHARES (n/a) - 0.22%	LAM RESEARCH CORP (LRCX) - 1.19%
#16	ROYAL HEIJMANS NV (n/a) - 0.22%	APPLIED MATERIALS INC (AMAT) - 1.15%
#17	CITIZEN WATCH CO LTD (n/a) - 0.21%	PROCTER & GAMBLE CO (PG) - 1.04%
#18	SENIOR PLC (n/a) - 0.21%	CHEVRON CORP (CVX) - 1.02%
#19	PALADIN ENERGY LTD (n/a) - 0.21%	COCA-COLA CO (KO) - 0.94%
#20	WESTGOLD RESOURCES LTD (n/a) - 0.21%	MERCK & CO INC (MRK) - 0.88%
#21	DENISON MINES CORP (n/a) - 0.21%	KLA CORP (KLAC) - 0.83%
#22	DB HITEK CO LTD (n/a) - 0.20%	TEXAS INSTRUMENTS INC (TXN) - 0.79%
#23	WESDOME GOLD MINES LTD (n/a) - 0.20%	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 0.77%
#24	KELLER GROUP PLC (n/a) - 0.20%	GE VERNOVA INC (GEV) - 0.74%
#25	KIYO BANK LTD (n/a) - 0.20%	LINDE PLC (LIN) - 0.72%
Total Holdings	1989	210

GWX vs HLAL - Historical Returns

Returns include dividend reinvestment.

Period	GWX	HLAL
1 month	-1.98%	+0.88%
3 months	+7.63%	+19.23%
6 months	+11.11%	+14.98%
1 year	+28.31%	+37.74%
5 years(CAGR)	+5.94%	+15.02%
10 years(CAGR)	+7.66%	N/A
Max(CAGR)	+4.70%	+17.45%

GWX

-1.98%

Winner

HLAL

+0.88%

GWX

+7.63%

Winner

HLAL

+19.23%

GWX

+11.11%

Winner

HLAL

+14.98%

GWX

+28.31%

Winner

HLAL

+37.74%

5Y(CAGR)

GWX

+5.94%

Winner

HLAL

+15.02%

10Y(CAGR)

GWX

+7.66%

HLAL

N/A

Max(CAGR)

GWX

+4.70%

Winner

HLAL

+17.45%

GWX vs HLAL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GWX	HLAL
2026	+9.74%	+15.68%
2025	+35.62%	+19.23%
2024	+1.47%	+17.97%
2023	+10.99%	+31.61%
2022	-20.31%	-18.38%
2021	+10.03%	+30.00%
2020	+12.62%	+23.54%
2019	+17.92%	+10.97%
2018	-19.91%	N/A
2017	+27.90%	N/A
2016	+8.22%	N/A
2015	+5.86%	N/A
2014	-6.48%	N/A
2013	+19.64%	N/A
2012	+13.12%	N/A
2011	-16.33%	N/A
2010	+21.76%	N/A
2009	+35.68%	N/A
2008	-44.34%	N/A
2007	-1.74%	N/A

GWX vs HLAL Drawdown Comparison

The maximum drawdown for GWX was -63.21%, occurring on Mar 9, 2009. Recovery took 1504 trading sessions.

The maximum drawdown for HLAL was -33.57%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.

The current GWX drawdown is -3.76%. The current HLAL drawdown is -2.53%.

Rank	GWX	HLAL
#1	-63.21% Oct 31, 2007 - Oct 22, 2013	-33.57% Feb 19, 2020 - Jul 22, 2020
#2	-45.26% Jan 26, 2018 - Dec 17, 2020	-23.18% Jan 3, 2022 - Jul 13, 2023
#3	-34.58% Sep 3, 2021 - Jun 12, 2025	-21.67% Dec 16, 2024 - Jul 23, 2025
#4	-19.35% Jul 3, 2014 - Aug 10, 2016	-10.20% Jan 28, 2026 - Apr 15, 2026
#5	-13.12% Jul 12, 2007 - Oct 29, 2007	-10.00% Sep 2, 2020 - Nov 16, 2020
#6	-11.91% Feb 27, 2026 - May 6, 2026	-9.86% Jul 31, 2023 - Dec 1, 2023
#7	-6.75% May 11, 2026 - Jun 10, 2026	-9.28% Jul 10, 2024 - Nov 7, 2024
#8	-6.36% Oct 27, 2025 - Dec 10, 2025	-7.12% Jul 24, 2019 - Sep 12, 2019
#9	-6.21% Jan 22, 2014 - Feb 28, 2014	-7.05% Feb 12, 2021 - Apr 5, 2021
#10	-6.15% Sep 28, 2016 - Jan 25, 2017	-6.25% Jun 2, 2026 - Jun 10, 2026
#11	-5.60% Jun 7, 2021 - Sep 1, 2021	-5.63% Sep 2, 2021 - Oct 25, 2021
#12	-4.19% May 7, 2021 - Jun 1, 2021	-5.26% Apr 9, 2024 - May 14, 2024
#13	-4.06% Mar 6, 2014 - Jun 5, 2014	-5.19% Oct 29, 2025 - Nov 28, 2025
#14	-3.96% Jan 21, 2021 - Feb 5, 2021	-4.43% Jan 25, 2021 - Feb 12, 2021
#15	-3.87% Oct 22, 2013 - Dec 30, 2013	-4.29% May 7, 2021 - Jun 24, 2021

Correlation

Correlation between GWX and HLAL is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2007 - 2026)

GWX vs HLAL dividend yield comparison.

Year	GWX	HLAL
2026	1.18%	0.11%
2025	2.83%	0.53%
2024	2.71%	0.58%
2023	2.64%	0.72%
2022	2.71%	1.15%
2021	2.75%	0.78%
2020	1.74%	0.97%
2019	3.41%	0.72%
2018	2.94%	0.00%
2017	5.18%	0.00%
2016	4.21%	0.00%
2015	2.67%	0.00%
2014	13.53%	0.00%
2013	3.06%	0.00%
2012	2.68%	0.00%
2011	3.25%	0.00%
2010	2.36%	0.00%
2009	1.49%	0.00%
2008	1.92%	0.00%
2007	2.38%	0.00%