CEFD vs. HIDE
CEFD (ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN) and HIDE (Alpha Architect High Inflation And Deflation ETF) are both Diversified Portfolio funds. CEFD is passively managed, while HIDE is actively managed. Over the past 3 years, CEFD returned 13.50%/yr vs 4.49%/yr for HIDE. Their 0.28 correlation means their historical movements had little consistent relationship. CEFD charges 0.95%/yr vs 0.29%/yr for HIDE.
Performance
CEFD vs. HIDE - Performance Comparison
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Returns By Period
In the year-to-date period, CEFD achieves a 6.68% return, which is significantly lower than HIDE's 7.48% return.
CEFD
- 1D
- 0.65%
- 1M
- -1.19%
- 6M
- 3.84%
- YTD
- 6.68%
- 1Y
- 13.16%
- 3Y*
- 13.50%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 8.91%
HIDE
- 1D
- -0.04%
- 1M
- 1.84%
- 6M
- 4.51%
- YTD
- 7.48%
- 1Y
- 10.38%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.81K | $22.66K | $19.94K | |
| $1.44M | $1.27M | $1.13M |
CEFD vs. HIDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 6.68% | 14.15% | 20.06% | 8.36% | -3.39% |
HIDE Alpha Architect High Inflation And Deflation ETF | 7.48% | 5.32% | -0.85% | 2.46% | -0.17% |
Correlation
The correlation between CEFD and HIDE is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.28 |
Over the past year, the correlation between CEFD and HIDE has dropped to 0.07 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
CEFD vs. HIDE — Risk / Return Rank
CEFD
HIDE
CEFD vs. HIDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Alpha Architect High Inflation And Deflation ETF (HIDE). 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.
| CEFD | HIDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.46 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.28 | -2.28 |
| Martin ratioReturn relative to average drawdown | 4.48 | 10.56 | -6.07 |
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Drawdowns
CEFD vs. HIDE - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, which is greater than HIDE's maximum drawdown of -5.15%. Use the drawdown chart below to compare losses from any high point for CEFD and HIDE.
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Drawdown Indicators
| CEFD | HIDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -5.15% | -31.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -3.31% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -5.15% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -1.10% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -0.98% | -10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.03% | +1.76% |
Volatility
CEFD vs. HIDE - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a higher volatility of 3.08% compared to Alpha Architect High Inflation And Deflation ETF (HIDE) at 1.31%. This indicates that CEFD's price experiences larger fluctuations and is considered to be riskier than HIDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFD | HIDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 1.31% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 4.07% | +8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 4.73% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 4.30% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 4.30% | +12.92% |
CEFD vs. HIDE - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is higher than HIDE's 0.29% expense ratio.
Dividends
CEFD vs. HIDE - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 14.87%, more than HIDE's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 14.87% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
HIDE Alpha Architect High Inflation And Deflation ETF | 2.94% | 3.16% | 2.86% | 3.90% | 6.25% | 0.00% | 0.00% |
Frequently Asked Questions
CEFD and HIDE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEFD has higher volatility (3.08%) compared to HIDE (1.31%). In terms of maximum drawdown, CEFD dropped -36.95% vs HIDE's -5.15%.
On 3-year performance, CEFD leads with 13.50% vs 4.49% for HIDE. On fees, HIDE is cheaper at 0.29% per year. On volatility, HIDE has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CEFD has performed better with a 13.50% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIDE is cheaper with a 0.29% expense ratio, compared with 0.95% for CEFD.
CEFD has the higher dividend yield at 14.87%, compared with 2.94% for HIDE.
They also come from different issuers: UBS and Alpha Architect. Their fees differ too: 0.95% for CEFD and 0.29% for HIDE.
HIDE currently has the higher Sharpe Ratio (2.29 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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