Unlimited HFEQ Equity Long/Short ETF (HFEQ) Alternatives
Unlimited HFEQ Equity Long/Short ETF (HFEQ) 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 HFEQ. 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 HFEQ
HFEQ charges 1.00% annually. Among ETFs in the Long-Short category, these options have the lowest expense ratios among HFEQ alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Aptus International Enhanced Yield ETF | 0.45% | Jul 22, 2021 | HFEQ vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | Jul 13, 2009 | HFEQ vs CSM | |
| ProShares Long Online/Short Stores ETF | 0.65% | Nov 14, 2017 | HFEQ vs CLIX | |
| WisdomTree Inflation Plus Fund | 0.65% | Jun 18, 2025 | HFEQ vs WTIP | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | Dec 18, 2019 | HFEQ vs FLSP |
Best Risk-Adjusted Alternatives to HFEQ
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 | HFEQ vs CLSE | |
| Militia Long/Short Equity ETF | 92 | Jan 14, 2025 | HFEQ vs ORR | |
| First Trust Merger Arbitrage ETF | 84 | Feb 4, 2020 | HFEQ vs MARB | |
| AltShares Event-Driven ETF | 83 | Dec 31, 2014 | HFEQ vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | 80 | Mar 25, 2009 | HFEQ vs QAI |
Top Performing HFEQ Alternatives (YTD)
HFEQ 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 | HFEQ vs LSEQ | |
| Leatherback Long/Short Alternative Yield ETF | 15.90% | Nov 16, 2020 | HFEQ vs LBAY | |
| WisdomTree Inflation Plus Fund | 12.54% | Jun 18, 2025 | HFEQ vs WTIP | |
| KFA Mount Lucas Index Strategy ETF | 8.67% | Dec 2, 2020 | HFEQ vs KMLM | |
| Militia Long/Short Equity ETF | 6.70% | Jan 14, 2025 | HFEQ vs ORR |
Lowest Volatility Alternatives to HFEQ
HFEQ 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 | HFEQ vs MARB | |
| ProShares Hedge Replication | 6.90% | Jul 12, 2011 | HFEQ vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 7.55% | Mar 25, 2009 | HFEQ vs QAI | |
| The Future Fund Long/Short ETF | 9.24% | Jun 20, 2023 | HFEQ vs FFLS | |
| KFA Mount Lucas Index Strategy ETF | 9.84% | Dec 2, 2020 | HFEQ vs KMLM |
Lowest Drawdown Alternatives to HFEQ
HFEQ 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 | HFEQ vs MARB | |
| AltShares Event-Driven ETF | -4.84% | Dec 31, 2014 | HFEQ vs EVNT | |
| ProShares Hedge Replication | -4.85% | Jul 12, 2011 | HFEQ vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | -5.43% | Mar 25, 2009 | HFEQ vs QAI | |
| Efficient Market Portfolio Plus ETF | -5.98% | Dec 11, 2024 | HFEQ vs EMPB |
Other ETFs from Unlimited
Most popular Unlimited ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Unlimited HFGM Global Macro ETF | Macro Trading | — | 11.17% | Apr 14, 2025 | HFEQ vs HFGM | |
| Unlimited HFMF Managed Futures ETF | Systematic Trend | — | 11.75% | Jul 14, 2025 | HFEQ vs HFMF |
Often Compared With HFEQ
What investors most often compare with HFEQ, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 64 | -4.37% | Jan 22, 1993 | HFEQ vs SPY | |
| AQR Long-Short Equity Fund | Long-Short | 94 | -3.26% | Jul 15, 2013 | HFEQ vs QLEIX | |
| Hedgeye Capital Allocation ETF | Global Allocation | — | 4.41% | Jun 30, 2025 | HFEQ vs HECA | |
| Return Stacked Global Stocks & Bonds ETF | Global Allocation | 66 | -3.24% | Dec 4, 2023 | HFEQ vs RSSB | |
| General American Investors Company, Inc. | 89 | -0.44% | — | HFEQ vs GAM | ||
| Adams Diversified Equity Fund, Inc. | Large Cap Growth Equities | 83 | -4.23% | Jan 2, 1990 | HFEQ vs ADX |
Compare HFEQ with Any Fund or Stock
Compare HFEQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.