ADDS vs. HELS

Last updated Jul 8, 2026

ADDS (Hedgeye Index Adds ETF) and HELS (Hedgeye 130/30 Equity ETF) are both exchange-traded funds - ADDS is a Multi-factor fund actively managed by Hedgeye, while HELS is a Long-Short fund actively managed by Hedgeye. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

ADDS vs. HELS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Index Adds ETF (ADDS) and Hedgeye 130/30 Equity ETF (HELS). 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*: —

HELS

• 1D: -0.01%
• 1M: 2.75%
• 6M: -2.87%
• YTD: 0.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADDS vs. HELS - Yearly Performance Comparison

	2026 (YTD)
ADDS Hedgeye Index Adds ETF	3.38%
HELS Hedgeye 130/30 Equity ETF	1.24%

Correlation

The correlation between ADDS and HELS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.71

Return for Risk

ADDS vs. HELS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Index Adds ETF (ADDS) and Hedgeye 130/30 Equity ETF (HELS). 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

ADDS vs. HELS - Drawdown Comparison

The maximum ADDS drawdown since its inception was -10.64%, smaller than the maximum HELS drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for ADDS and HELS.

Drawdown Indicators

	ADDS	HELS	Difference
Max Drawdown Largest peak-to-trough decline	-10.64%	-13.60%	+2.96%
Current Drawdown Current decline from peak	-6.36%	-5.96%	-0.40%
Average Drawdown Average peak-to-trough decline	-4.07%	-5.68%	+1.61%

Volatility

Volatility by Period

	ADDS	HELS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	46.98%	16.38%	+30.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.98%	16.38%	+30.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.98%	16.38%	+30.60%

ADDS vs. HELS - Expense Ratio Comparison

Both ADDS and HELS have an expense ratio of 0.70%.

Dividends

ADDS vs. HELS - Dividend Comparison

ADDS has not paid dividends to shareholders, while HELS's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025
ADDS Hedgeye Index Adds ETF	0.00%	0.00%
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both ADDS and HELS in my portfolio?

ADDS and HELS have a correlation of 0.71, 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 HELS?

Both ETFs have the same 0.70% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADDS or HELS?

ADDS and HELS have the same expense ratio: 0.70% per year.

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

HELS has the higher dividend yield at 0.02%, compared with 0.00% for ADDS.

What is the main difference between ADDS and HELS?

ADDS is categorized as Multi-factor, while HELS is Long-Short.