ATTR vs. HEFT

Last updated Jun 24, 2026

ATTR (Arin Tactical Tail Risk ETF) and HEFT (Hedgeye Fourth Turning ETF) are both Long-Short funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. ATTR charges 0.63%/yr vs 0.70%/yr for HEFT.

Performance

ATTR vs. HEFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) 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, ATTR achieves a 3.44% return, which is significantly lower than HEFT's 4.04% return.

ATTR

• 1D: -0.34%
• 1M: -0.61%
• YTD: 3.44%
• 6M: 3.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEFT

• 1D: -1.29%
• 1M: -2.35%
• YTD: 4.04%
• 6M: 2.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATTR vs. HEFT - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	3.44%	0.45%
HEFT Hedgeye Fourth Turning ETF	4.04%	1.10%

Correlation

The correlation between ATTR and HEFT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.31

Return for Risk

ATTR vs. HEFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) 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

ATTR vs. HEFT - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum HEFT drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for ATTR and HEFT.

Drawdown Indicators

	ATTR	HEFT	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-9.17%	+7.41%
Current Drawdown Current decline from peak	-0.97%	-6.13%	+5.16%
Average Drawdown Average peak-to-trough decline	-0.22%	-3.32%	+3.10%

Volatility

Volatility by Period

	ATTR	HEFT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	13.50%	-10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.17%	13.50%	-10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	13.50%	-10.33%

ATTR vs. HEFT - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than HEFT's 0.70% expense ratio.

Dividends

ATTR vs. HEFT - Dividend Comparison

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

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
HEFT Hedgeye Fourth Turning ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both ATTR and HEFT in my portfolio?

ATTR and HEFT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or HEFT?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or HEFT?

ATTR is cheaper with a 0.63% expense ratio, compared with 0.70% for HEFT.

Which ETF pays a higher dividend yield, ATTR or HEFT?

HEFT has the higher dividend yield at 0.02%, compared with 0.00% for ATTR.

What is the main difference between ATTR and HEFT?

They also come from different issuers: Arin Risk Advisors and Hedgeye. Their fees differ too: 0.63% for ATTR and 0.70% for HEFT.