ADDS vs. USMF

Last updated Jul 28, 2026

ADDS (Hedgeye Index Adds ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - ADDS is a Multi-factor fund actively managed by Hedgeye, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. ADDS is actively managed, while USMF is passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. ADDS charges 0.70%/yr vs 0.28%/yr for USMF.

Performance

ADDS vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Index Adds ETF (ADDS) and WisdomTree US Multifactor Fund (USMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADDS

• 1D: -0.87%
• 1M: -3.58%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USMF

• 1D: 0.14%
• 1M: -0.34%
• 6M: 2.45%
• YTD: 3.97%
• 1Y: 4.50%
• 3Y*: 11.70%
• 5Y*: 7.51%
• 10Y*: —
• ALL TIME*: 10.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADDS Hedgeye Index Adds ETF	$300.75K	$267.26K	$427.68K
USMF WisdomTree US Multifactor Fund	$831.84K	$2.43M	$1.82M

ADDS vs. USMF - Yearly Performance Comparison

	2026 (YTD)
ADDS Hedgeye Index Adds ETF	-1.41%
USMF WisdomTree US Multifactor Fund	0.46%

Correlation

The correlation between ADDS and USMF is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.72

Return for Risk

ADDS vs. USMF — 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.

USMF

USMF Risk / Return Rank: 21
USMF Sharpe Ratio Rank: 20
USMF Sortino Ratio Rank: 19
USMF Omega Ratio Rank: 18
USMF Calmar Ratio Rank: 23
USMF Martin Ratio Rank: 26

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. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Index Adds ETF (ADDS) and WisdomTree US Multifactor Fund (USMF). 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	USMF	Difference
Sharpe ratio: Return per unit of total volatility	—	0.39	—
Sortino ratio: Return per unit of downside risk	—	0.65	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.70	—
Martin ratio: Return relative to average drawdown	—	2.17	—

Drawdowns

ADDS vs. USMF - Drawdown Comparison

The maximum ADDS drawdown since its inception was -10.69%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for ADDS and USMF.

Drawdown Indicators

	ADDS	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-10.69%	-36.24%	+25.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.10%	—
Current Drawdown Current decline from peak	-10.69%	-2.51%	-8.18%
Average Drawdown Average peak-to-trough decline	-5.54%	-4.12%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	ADDS	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	39.67%	11.50%	+28.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.67%	14.37%	+25.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.67%	16.95%	+22.72%

ADDS vs. USMF - Expense Ratio Comparison

ADDS has a 0.70% expense ratio, which is higher than USMF's 0.28% expense ratio.

Dividends

ADDS vs. USMF - Dividend Comparison

ADDS has not paid dividends to shareholders, while USMF's dividend yield for the trailing twelve months is around 1.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADDS Hedgeye Index Adds ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMF WisdomTree US Multifactor Fund	1.32%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Frequently Asked Questions

Can I hold both ADDS and USMF in my portfolio?

ADDS and USMF have a correlation of 0.72, 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 USMF?

On fees, USMF is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADDS or USMF?

USMF is cheaper with a 0.28% expense ratio, compared with 0.70% for ADDS.

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

USMF has the higher dividend yield at 1.32%, compared with 0.00% for ADDS.

What is the main difference between ADDS and USMF?

ADDS is categorized as Multi-factor, while USMF is Mid Cap Blend Equities. They also come from different issuers: Hedgeye and WisdomTree. Their fees differ too: 0.70% for ADDS and 0.28% for USMF.