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Hedgeye Capital Allocation ETF (HECA) Sharpe Ratio

ETF · Currency in USD · Last updated Jun 24, 2026

The Hedgeye Capital Allocation ETF (HECA) is an actively managed fund that seeks long-term capital appreciation by investing across various asset classes, including equities, fixed income, commodities, and currencies, primarily through other ETFs. The fund employs a proprietary algorithm to rank securities based on macroeconomic and market analyses, aiming to avoid drawdowns exceeding 15%.

Sharpe ratio is not yet available for HECA. 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 Capital Allocation ETF's Sharpe Ratio with other ETFs in the Global Allocation category across multiple time periods, showing how HECA'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 Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TFPNBlueprint Chesapeake Multi-Asset Trend ETF2.96
LALTFirst Trust Multi-Strategy Alternative ETF2.58
ALTYGlobal X Alternative Income ETF2.55
FARXFrontier Asset Absolute Return ETF2.47
ENDWCambria Endowment Style ETF2.41
MAPPHarbor Multi-Asset Explorer ETF2.17
PPIAstoria Real Assets ETF2.17
JFLIJPMorgan Flexible Income ETF2.09
ELMElm Market Navigator ETF2.08
KEATKeating Active ETF1.79
HECAHedgeye Capital Allocation ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HECA'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 HECA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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