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Hedgeye Index Adds ETF (ADDS) Sharpe Ratio

ETF · Currency in USD · Last updated Jul 8, 2026

Hedgeye Index Adds ETF is an actively managed equity fund that seeks long-term capital appreciation by systematically positioning ahead of expected forced buying from index funds when new constituents are added to major U.S. equity indices, including the S&P 500, S&P 400, S&P 600, and Nasdaq-100. The fund uses proprietary machine learning models to forecast likely index additions, holds up to 40 names that satisfy or are close to satisfying inclusion requirements, and exits positions at the close on the day a company is added to its target index. By rule, the fund never holds a current S&P 500 constituent.

Sharpe ratio is not yet available for ADDS. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar ETFs

The table compares Hedgeye Index Adds ETF's Sharpe Ratio with other ETFs in the Multi-factor category across multiple time periods, showing how ADDS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 8, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VFMFVanguard U.S. Multifactor ETF2.55
VSMVVictoryShares US Multi-Factor Minimum Volatility ETF2.37
MFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF2.13
QVMSInvesco S&P SmallCap 600 QVM Multi-factor ETF1.86
QVMLInvesco S&P 500 QVM Multi-factor ETF1.78
AAVMAlpha Architect Global Factor Equity ETF1.70
DEUSXtrackers Russell US Multifactor ETF1.66
PSCPrincipal U.S. Small Cap Multi-Factor ETF1.49
QVMMInvesco S&P MidCap 400 QVM Multi-factor ETF1.46
MFEMPIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF1.46
ADDSHedgeye Index Adds ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ADDS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ADDS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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