Hedgeye Fourth Turning ETF (HEFT) Alternatives
Hedgeye Fourth Turning ETF (HEFT) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEFT. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to HEFT
HEFT charges 0.70% annually. Among ETFs in the Long-Short category, these options have the lowest expense ratios among HEFT alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Proshares Large Cap Core Plus | 0.45% | Jul 13, 2009 | HEFT vs CSM | |
| Aptus International Enhanced Yield ETF | 0.45% | Jul 22, 2021 | HEFT vs IDUB | |
| ProShares Long Online/Short Stores ETF | 0.65% | Nov 14, 2017 | HEFT vs CLIX | |
| WisdomTree Inflation Plus Fund | 0.65% | Jun 18, 2025 | HEFT vs WTIP | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | Dec 18, 2019 | HEFT vs FLSP |
Best Risk-Adjusted Alternatives to HEFT
Among ETFs in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 94 | Feb 22, 2022 | HEFT vs CLSE | |
| Militia Long/Short Equity ETF | 92 | Jan 14, 2025 | HEFT vs ORR | |
| First Trust Merger Arbitrage ETF | 84 | Feb 4, 2020 | HEFT vs MARB | |
| AltShares Event-Driven ETF | 83 | Dec 31, 2014 | HEFT vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | 80 | Mar 25, 2009 | HEFT vs QAI |
Top Performing HEFT Alternatives (YTD)
HEFT alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 20.53% | Dec 4, 2023 | HEFT vs LSEQ | |
| Leatherback Long/Short Alternative Yield ETF | 15.90% | Nov 16, 2020 | HEFT vs LBAY | |
| WisdomTree Inflation Plus Fund | 12.54% | Jun 18, 2025 | HEFT vs WTIP | |
| KFA Mount Lucas Index Strategy ETF | 8.67% | Dec 2, 2020 | HEFT vs KMLM | |
| Militia Long/Short Equity ETF | 6.70% | Jan 14, 2025 | HEFT vs ORR |
Lowest Volatility Alternatives to HEFT
HEFT alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | 5.36% | Feb 4, 2020 | HEFT vs MARB | |
| ProShares Hedge Replication | 6.90% | Jul 12, 2011 | HEFT vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 7.55% | Mar 25, 2009 | HEFT vs QAI | |
| The Future Fund Long/Short ETF | 9.24% | Jun 20, 2023 | HEFT vs FFLS | |
| KFA Mount Lucas Index Strategy ETF | 9.84% | Dec 2, 2020 | HEFT vs KMLM |
Lowest Drawdown Alternatives to HEFT
HEFT alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -2.43% | Feb 4, 2020 | HEFT vs MARB | |
| AltShares Event-Driven ETF | -4.84% | Dec 31, 2014 | HEFT vs EVNT | |
| ProShares Hedge Replication | -4.85% | Jul 12, 2011 | HEFT vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | -5.43% | Mar 25, 2009 | HEFT vs QAI | |
| Efficient Market Portfolio Plus ETF | -5.98% | Dec 11, 2024 | HEFT vs EMPB |
Other ETFs from Hedgeye
Most popular Hedgeye ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Hedgeye Capital Allocation ETF | Global Allocation | — | 4.41% | Jun 30, 2025 | HEFT vs HECA |
Often Compared With HEFT
What investors most often compare with HEFT, based on PortfoliosLab usage data.
Compare HEFT with Any Fund or Stock
Compare HEFT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.