HCM Hedged Equity ETF

HAWG

HCM

HCM Hedged Equity ETF (HAWG) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 97.12%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 97.12%

Halal 71.77%
Doubtful 11.69%
Not halal 13.65%
Not rated 2.88%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer: HCM
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 1.35%
AUM: 99.43M USD
Holdings: 487 (485 screened)
Basket as of (provider): 3 Nov 2026
Basket fetched by Akinda: 3 Nov 2026
Verdict updated: 3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	71.77%	13.65%
DJIM	Not halal	72.94%	14.50%
FTSE	Not halal	60.85%	28.20%
MSCI	Not halal	60.85%	28.16%
S&P	Not halal	73.09%	14.33%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–50 of 487 holdings, largest first · basket as of 3 Nov 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	MSFTHCM Hedged Equity ETF	8.20%	Halal	Halal	Halal	Halal	Halal
2	AMZNHCM Hedged Equity ETF	4.96%	Halal	Halal	Halal	Halal	Halal
3	GOOGLHCM Hedged Equity ETF	3.51%	Doubtful	Not rated	Not rated	Not rated	Not rated
4	AVGOHCM Hedged Equity ETF	3.25%	Halal	Halal	Not halal	Not halal	Halal
5	GOOGHCM Hedged Equity ETF	3.04%	Doubtful	Not rated	Not rated	Not rated	Not rated
6	METAHCM Hedged Equity ETF	2.90%	Halal	Halal	Halal	Halal	Halal
7	TSLAHCM Hedged Equity ETF	2.61%	Halal	Halal	Halal	Halal	Halal
8	MUHCM Hedged Equity ETF	2.15%	Halal	Halal	Halal	Halal	Halal
9	AMDHCM Hedged Equity ETF	1.77%	Halal	Halal	Halal	Halal	Halal
10	WMTHCM Hedged Equity ETF	1.15%	Halal	Halal	Halal	Halal	Halal
11	AAPLHCM Hedged Equity ETF	10.57%	Halal	Halal	Halal	Halal	Halal
12	NVDAHCM Hedged Equity ETF	10.22%	Halal	Halal	Halal	Halal	Halal
13	COSTHCM Hedged Equity ETF	0.96%	Halal	Halal	Halal	Halal	Halal
14	CSCOHCM Hedged Equity ETF	0.89%	Halal	Halal	Halal	Halal	Halal
15	LLYHCM Hedged Equity ETF	0.86%	Halal	Halal	Not halal	Not halal	Halal
16	PLTRHCM Hedged Equity ETF	0.84%	Doubtful	Not rated	Not halal	Not halal	Not rated
17	JPMHCM Hedged Equity ETF	0.68%	Not halal	Not halal	Not halal	Not halal	Not halal
18	AMATHCM Hedged Equity ETF	0.66%	Halal	Halal	Halal	Halal	Halal
19	LRCXHCM Hedged Equity ETF	0.64%	Halal	Halal	Halal	Halal	Halal
20	PANWHCM Hedged Equity ETF	0.64%	Halal	Halal	Halal	Halal	Halal
21	INTCHCM Hedged Equity ETF	0.61%	Doubtful	Not rated	Not rated	Not rated	Not rated
22	TXNHCM Hedged Equity ETF	0.59%	Halal	Halal	Not halal	Not halal	Halal
23	BRK-BHCM Hedged Equity ETF	0.58%	Not halal	Not halal	Not halal	Not halal	Not halal
24	XOMHCM Hedged Equity ETF	0.58%	Halal	Halal	Halal	Halal	Halal
25	NFLXHCM Hedged Equity ETF	0.56%	Not halal	Not halal	Not halal	Not halal	Not halal
26	CRWDHCM Hedged Equity ETF	0.54%	Halal	Halal	Not halal	Not halal	Halal
27	AMGNHCM Hedged Equity ETF	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
28	LINHCM Hedged Equity ETF	0.52%	Halal	Halal	Halal	Halal	Halal
29	VHCM Hedged Equity ETF	0.50%	Halal	Not halal	Not halal	Not halal	Not halal
30	JNJHCM Hedged Equity ETF	0.50%	Halal	Halal	Halal	Halal	Halal
31	GILDHCM Hedged Equity ETF	0.45%	Halal	Halal	Not halal	Not halal	Halal
32	KLACHCM Hedged Equity ETF	0.45%	Halal	Halal	Halal	Halal	Halal
33	ADIHCM Hedged Equity ETF	0.42%	Halal	Halal	Halal	Halal	Halal
34	PEPHCM Hedged Equity ETF	0.40%	Halal	Halal	Not halal	Not halal	Halal
35	ABBVHCM Hedged Equity ETF	0.40%	Halal	Halal	Not halal	Not halal	Halal
36	SNDKHCM Hedged Equity ETF	0.39%	Not halal	Halal	Halal	Halal	Halal
37	MAHCM Hedged Equity ETF	0.39%	Doubtful	Not halal	Not halal	Not halal	Not halal
38	QCOMHCM Hedged Equity ETF	0.38%	Halal	Halal	Halal	Halal	Halal
39	MRVLHCM Hedged Equity ETF	0.37%	Not halal	Not halal	Not halal	Not halal	Not halal
40	CVXHCM Hedged Equity ETF	0.33%	Halal	Halal	Halal	Halal	Halal
41	ISRGHCM Hedged Equity ETF	0.32%	Halal	Halal	Halal	Halal	Halal
42	STXHCM Hedged Equity ETF	0.30%	Halal	Halal	Not halal	Not halal	Halal
43	VRTXHCM Hedged Equity ETF	0.30%	Halal	Halal	Halal	Halal	Halal
44	PGHCM Hedged Equity ETF	0.28%	Halal	Halal	Halal	Halal	Halal
45	UNHHCM Hedged Equity ETF	0.27%	Not halal	Not halal	Not halal	Not halal	Not halal
46	KOHCM Hedged Equity ETF	0.27%	Halal	Halal	Not halal	Not halal	Halal
47	MRKHCM Hedged Equity ETF	0.27%	Halal	Halal	Not halal	Not halal	Halal
48	WDCHCM Hedged Equity ETF	0.27%	Halal	Halal	Halal	Halal	Halal
49	ADPHCM Hedged Equity ETF	0.26%	Not halal	Not halal	Not halal	Not halal	Not halal
50	SBUXHCM Hedged Equity ETF	0.25%	Halal	Halal	Not halal	Not halal	Halal

...

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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