Hedgeye Capital Allocation ETF (HECA) belongs to the Global Allocation category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HECA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HECA
HECA charges 1.02% annually. There are 13 ETFs in the Global Allocation category with lower expense ratios, going as low as 0.24%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Elm Market Navigator ETF | 0.24% | 493.11M | Dec 2011 | HECA vs ELM | |
| WisdomTree International Efficient Core Fund | 0.26% | 483.72M | May 2021 | HECA vs NTSI | |
| Cambria Endowment Style ETF | 0.29% | 149.69M | Apr 2025 | HECA vs ENDW | |
| JPMorgan Flexible Income ETF | 0.35% | 47.78M | Feb 2025 | HECA vs JFLI | |
| Return Stacked Global Stocks & Bonds ETF | 0.39% | 504.92M | Dec 2023 | HECA vs RSSB |
Best Risk-Adjusted Alternatives to HECA
HECA has a PortfoliosLab risk / return rank of 33. There are 16 ETFs in the Global Allocation category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 93 | 11.67M | Dec 2024 | HECA vs FARX | |
| State Street Multi-Asset Real Return ETF | 90 | 1.27B | Apr 2012 | HECA vs RLY | |
| Global X Alternative Income ETF | 90 | 45.64M | Jul 2015 | HECA vs ALTY | |
| First Trust Multi-Strategy Alternative ETF | 90 | 295.45M | Jan 2023 | HECA vs LALT | |
| Cambria Endowment Style ETF | 89 | 149.69M | Apr 2025 | HECA vs ENDW |
Top Performing HECA Alternatives (YTD)
HECA is at -0.78% YTD. There are 17 ETFs in the Global Allocation category with higher YTD returns, going as high as 15.41%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Blueprint Chesapeake Multi-Asset Trend ETF | 15.41% | 163.81M | Jul 2023 | HECA vs TFPN | |
| State Street Multi-Asset Real Return ETF | 15.29% | 1.27B | Apr 2012 | HECA vs RLY | |
| Astoria Real Assets ETF | 15.24% | 74.59M | Dec 2021 | HECA vs PPI | |
| Cambria Endowment Style ETF | 12.07% | 149.69M | Apr 2025 | HECA vs ENDW | |
| Gadsden Dynamic Multi-Asset ETF | 10.81% | 160.49M | Nov 2018 | HECA vs GDMA |
Lowest Volatility Alternatives to HECA
HECA has 12.42% 1-year volatility. There are 11 ETFs in the Global Allocation category with lower 1-year volatility, going as low as 5.94%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Alternative Income ETF | 5.94% | 45.64M | Jul 2015 | HECA vs ALTY | |
| First Trust Multi-Strategy Alternative ETF | 6.96% | 295.45M | Jan 2023 | HECA vs LALT | |
| Frontier Asset Absolute Return ETF | 7.35% | 11.67M | Dec 2024 | HECA vs FARX | |
| JPMorgan Flexible Income ETF | 9.63% | 47.78M | Feb 2025 | HECA vs JFLI | |
| Elm Market Navigator ETF | 9.79% | 493.11M | Dec 2011 | HECA vs ELM |
Lowest Drawdown Alternatives to HECA
HECA has a 1-year max drawdown of -12.82%. There are 16 ETFs in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -2.99%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | -2.99% | 11.67M | Dec 2024 | HECA vs FARX | |
| First Trust Multi-Strategy Alternative ETF | -3.72% | 295.45M | Jan 2023 | HECA vs LALT | |
| Global X Alternative Income ETF | -4.34% | 45.64M | Jul 2015 | HECA vs ALTY | |
| Harbor Multi-Asset Explorer ETF | -6.17% | 10.20M | Sep 2023 | HECA vs MAPP | |
| Cambria Endowment Style ETF | -6.44% | 149.69M | Apr 2025 | HECA vs ENDW |
Other ETFs from Hedgeye
The 4 most viewed Hedgeye ETFs shown here include HEFT, HGRO, HELS and span 4 categories. AUM among these funds goes as high as $42M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hedgeye Fourth Turning ETF | Long-Short | — | 3.01% | 8.59M | Nov 2025 | HECA vs HEFT | |
| Hedgeye Quality Growth ETF | Quality Factor, Large Cap Growth Equities | 48 | 7.49% | 42.39M | Jun 2025 | HECA vs HGRO | |
| Hedgeye 130/30 Equity ETF | Long-Short | — | -1.81% | 39.77M | Dec 2025 | HECA vs HELS | |
| Hedgeye Index Adds ETF | Multi-factor | — | — | 250.46K | May 2026 | HECA vs ADDS |
Often Compared With HECA
Investors most often compare HECA with ORR, HFGM, JAKVX. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare HECA with Any Fund or Stock
Compare HECA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HECA with funds that move differently
Hedgeye Capital Allocation ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HECA.
Explore HECA Diversifiers