ADDS vs. AUSF

Last updated Jul 8, 2026

ADDS (Hedgeye Index Adds ETF) and AUSF (Global X Adaptive U.S. Factor ETF) are both exchange-traded funds - ADDS is a Multi-factor fund actively managed by Hedgeye, while AUSF is a Mid Cap Value Equities fund tracking the Adaptive Wealth Strategies U.S. Factor Index. ADDS is actively managed, while AUSF is passively managed. At a correlation of -0.44, they often move in opposite directions. ADDS charges 0.70%/yr vs 0.27%/yr for AUSF.

Performance

ADDS vs. AUSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Index Adds ETF (ADDS) and Global X Adaptive U.S. Factor ETF (AUSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADDS

• 1D: -1.40%
• 1M: 0.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSF

• 1D: 0.74%
• 1M: 1.81%
• 6M: 7.16%
• YTD: 9.56%
• 1Y: 14.02%
• 3Y*: 19.98%
• 5Y*: 14.25%
• 10Y*: —

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

ADDS vs. AUSF - Yearly Performance Comparison

	2026 (YTD)
ADDS Hedgeye Index Adds ETF	3.38%
AUSF Global X Adaptive U.S. Factor ETF	1.83%

Correlation

The correlation between ADDS and AUSF is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.44

Return for Risk

ADDS vs. AUSF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADDS

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

AUSF

AUSF Risk / Return Rank: 48
AUSF Sharpe Ratio Rank: 46
AUSF Sortino Ratio Rank: 46
AUSF Omega Ratio Rank: 42
AUSF Calmar Ratio Rank: 58
AUSF Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADDS vs. AUSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Index Adds ETF (ADDS) and Global X Adaptive U.S. Factor ETF (AUSF). 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.

	ADDS	AUSF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.37	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.41	—
Martin ratio: Return relative to average drawdown	—	6.80	—

Drawdowns

ADDS vs. AUSF - Drawdown Comparison

The maximum ADDS drawdown since its inception was -10.64%, smaller than the maximum AUSF drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for ADDS and AUSF.

Drawdown Indicators

	ADDS	AUSF	Difference
Max Drawdown Largest peak-to-trough decline	-10.64%	-44.25%	+33.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.23%	—
Current Drawdown Current decline from peak	-6.36%	0.00%	-6.36%
Average Drawdown Average peak-to-trough decline	-4.07%	-4.19%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	ADDS	AUSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	46.98%	10.32%	+36.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.98%	13.64%	+33.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.98%	19.01%	+27.97%

ADDS vs. AUSF - Expense Ratio Comparison

ADDS has a 0.70% expense ratio, which is higher than AUSF's 0.27% expense ratio.

Dividends

ADDS vs. AUSF - Dividend Comparison

ADDS has not paid dividends to shareholders, while AUSF's dividend yield for the trailing twelve months is around 2.69%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ADDS Hedgeye Index Adds ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AUSF Global X Adaptive U.S. Factor ETF	2.69%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%

Frequently Asked Questions

Can I hold both ADDS and AUSF in my portfolio?

ADDS and AUSF have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADDS or AUSF?

On fees, AUSF is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADDS or AUSF?

AUSF is cheaper with a 0.27% expense ratio, compared with 0.70% for ADDS.

Which ETF pays a higher dividend yield, ADDS or AUSF?

AUSF has the higher dividend yield at 2.69%, compared with 0.00% for ADDS.

What is the main difference between ADDS and AUSF?

ADDS is categorized as Multi-factor, while AUSF is Mid Cap Value Equities. They also come from different issuers: Hedgeye and Global X. Their fees differ too: 0.70% for ADDS and 0.27% for AUSF.