ADAMH vs. HEFT

Last updated Jun 23, 2026

ADAMH (Adamas Trust, Inc.) is a stock, while HEFT (Hedgeye Fourth Turning ETF) is Long-Short fund actively managed by Hedgeye. At a 0.04 correlation, their price movements are largely independent.

Performance

ADAMH vs. HEFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adamas Trust, Inc. (ADAMH) and Hedgeye Fourth Turning ETF (HEFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADAMH achieves a 3.31% return, which is significantly lower than HEFT's 5.40% return.

ADAMH

• 1D: -0.25%
• 1M: 1.46%
• YTD: 3.31%
• 6M: 4.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEFT

• 1D: 0.59%
• 1M: -1.08%
• YTD: 5.40%
• 6M: 4.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADAMH vs. HEFT - Yearly Performance Comparison

	2026 (YTD)	2025
ADAMH Adamas Trust, Inc.	3.31%	4.39%
HEFT Hedgeye Fourth Turning ETF	5.40%	1.10%

Correlation

The correlation between ADAMH and HEFT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.04

Return for Risk

ADAMH vs. HEFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc. (ADAMH) and Hedgeye Fourth Turning ETF (HEFT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ADAMH vs. HEFT - Drawdown Comparison

The maximum ADAMH drawdown since its inception was -1.81%, smaller than the maximum HEFT drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for ADAMH and HEFT.

Drawdown Indicators

	ADAMH	HEFT	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-9.17%	+7.36%
Current Drawdown Current decline from peak	-0.25%	-4.91%	+4.66%
Average Drawdown Average peak-to-trough decline	-0.44%	-3.30%	+2.86%

Volatility

Volatility by Period

	ADAMH	HEFT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.82%	13.43%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	13.43%	-8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	13.43%	-8.61%

Dividends

ADAMH vs. HEFT - Dividend Comparison

ADAMH's dividend yield for the trailing twelve months is around 9.51%, more than HEFT's 0.02% yield.

Position	TTM	2025
ADAMH Adamas Trust, Inc.	9.51%	4.59%
HEFT Hedgeye Fourth Turning ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both ADAMH and HEFT in my portfolio?

ADAMH and HEFT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.