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Hedgeye 130/30 Equity ETF (HELS) Sharpe Ratio

ETF · Currency in USD · Last updated Aug 6, 2026

The Hedgeye 130/30 Equity ETF (HELS) is an actively managed fund that pursues a 130/30 long-short strategy across U.S. all-cap equities. It holds long positions equal to roughly 130% of net assets and short positions equal to roughly 30%, using the proceeds from shorts to increase long exposure while maintaining net long market exposure. Security selection is driven by Hedgeye's research process, with the aim of outperforming traditional long-only equity benchmarks.

Sharpe ratio is not yet available for HELS. 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 130/30 Equity ETF's Sharpe Ratio with other ETFs in the Long-Short category across multiple time periods, showing how HELS'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 Aug 6, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CLSEConvergence Long/Short Equity ETF3.20
HTUSHull Tactical US ETF2.18
CSMProShares Large Cap Core Plus2.05
QAINYLI Hedge Multi-Strategy Tracker ETF1.98
ORRMilitia Long/Short Equity ETF1.98
HDGProShares Hedge Replication1.96
IDUBAptus International Enhanced Yield ETF1.91
FLSPFranklin Systematic Style Premia ETF1.83
FTLSFirst Trust Long/Short Equity ETF1.82
EVNTAltShares Event-Driven ETF1.56
HELSHedgeye 130/30 Equity ETF—
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Time Period

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Historical Sharpe Ratio

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

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