EHLS vs. FFLS

Last updated Jun 24, 2026

EHLS (Even Herd Long Short ETF) and FFLS (The Future Fund Long/Short ETF) are both Long-Short funds. Both are actively managed. Over the past year, EHLS returned 22.11% vs -2.63% for FFLS. At a 0.42 correlation, their price movements are largely independent. EHLS charges 1.58%/yr vs 1.75%/yr for FFLS.

Performance

EHLS vs. FFLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Even Herd Long Short ETF (EHLS) and The Future Fund Long/Short ETF (FFLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHLS achieves a 14.25% return, which is significantly higher than FFLS's -2.39% return.

EHLS

• 1D: -0.63%
• 1M: -1.19%
• YTD: 14.25%
• 6M: 12.13%
• 1Y: 22.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFLS

• 1D: -0.79%
• 1M: -0.64%
• YTD: -2.39%
• 6M: -2.29%
• 1Y: -2.63%
• 3Y*: 8.23%
• 5Y*: —
• 10Y*: —

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

EHLS vs. FFLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EHLS Even Herd Long Short ETF	14.25%	6.67%	12.31%
FFLS The Future Fund Long/Short ETF	-2.39%	7.49%	5.01%

Correlation

The correlation between EHLS and FFLS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.42

The correlation between EHLS and FFLS shifts across timeframes, from 0.24 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

EHLS vs. FFLS - Sectors Allocation Comparison

Sectors	EHLS	FFLS
Financial Services	14.7%	-7.7%
Industrials	13.3%	14.8%
Technology	13.2%	17.7%
Energy	10.8%	4.8%
Healthcare	9.8%	10.2%
Basic Materials	8.9%	-
Utilities	7.4%	-
Real Estate	6.3%	2.6%
Consumer Cyclical	5.3%	2.3%
Communication Services	5.3%	6.4%
Consumer Defensive	5.0%	1.6%

Return for Risk

EHLS vs. FFLS — Risk / Return Rank

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

EHLS

EHLS Risk / Return Rank: 40
EHLS Sharpe Ratio Rank: 35
EHLS Sortino Ratio Rank: 32
EHLS Omega Ratio Rank: 34
EHLS Calmar Ratio Rank: 53
EHLS Martin Ratio Rank: 46

FFLS

FFLS Risk / Return Rank: 6
FFLS Sharpe Ratio Rank: 6
FFLS Sortino Ratio Rank: 6
FFLS Omega Ratio Rank: 6
FFLS Calmar Ratio Rank: 7
FFLS Martin Ratio Rank: 7

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.

EHLS vs. FFLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Even Herd Long Short ETF (EHLS) and The Future Fund Long/Short ETF (FFLS). 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.

	EHLS	FFLS	Difference
Sharpe ratio: Return per unit of total volatility	1.17	-0.27	+1.44
Sortino ratio: Return per unit of downside risk	1.60	-0.32	+1.92
Omega ratio: Gain probability vs. loss probability	1.22	0.96	+0.25
Calmar ratio: Return relative to maximum drawdown	2.45	-0.24	+2.69
Martin ratio: Return relative to average drawdown	7.06	-0.50	+7.56

EHLS vs. FFLS - Sharpe Ratio Comparison

The current EHLS Sharpe Ratio is 1.17, which is higher than the FFLS Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of EHLS and FFLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EHLS vs. FFLS - Drawdown Comparison

The maximum EHLS drawdown since its inception was -18.96%, which is greater than FFLS's maximum drawdown of -11.05%. Use the drawdown chart below to compare losses from any high point for EHLS and FFLS.

Drawdown Indicators

	EHLS	FFLS	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-11.05%	-7.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-11.05%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.05%	—
Current Drawdown Current decline from peak	-2.68%	-6.99%	+4.31%
Average Drawdown Average peak-to-trough decline	-4.39%	-3.17%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	5.30%	-2.16%

Volatility

EHLS vs. FFLS - Volatility Comparison

Even Herd Long Short ETF (EHLS) and The Future Fund Long/Short ETF (FFLS) have volatilities of 4.57% and 4.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EHLS	FFLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	4.42%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	14.56%	7.92%	+6.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.94%	9.68%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.68%	11.40%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	11.40%	+8.28%

EHLS vs. FFLS - Expense Ratio Comparison

EHLS has a 1.58% expense ratio, which is lower than FFLS's 1.75% expense ratio.

Dividends

EHLS vs. FFLS - Dividend Comparison

EHLS has not paid dividends to shareholders, while FFLS's dividend yield for the trailing twelve months is around 6.74%.

Position	TTM	2025	2024
EHLS Even Herd Long Short ETF	0.00%	0.00%	1.03%
FFLS The Future Fund Long/Short ETF	6.74%	6.58%	3.34%

Frequently Asked Questions

Can I hold both EHLS and FFLS in my portfolio?

EHLS and FFLS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EHLS or FFLS?

EHLS has higher volatility (4.57%) compared to FFLS (4.42%). In terms of maximum drawdown, EHLS dropped -18.96% vs FFLS's -11.05%.

Which ETF is better, EHLS or FFLS?

On 1-year performance, EHLS leads with 22.11% vs -2.63% for FFLS. On fees, EHLS is cheaper at 1.58% per year. On volatility, FFLS has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EHLS or FFLS?

Over the 1-year period, EHLS has performed better with a 22.11% return vs -2.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EHLS or FFLS?

EHLS is cheaper with a 1.58% expense ratio, compared with 1.75% for FFLS.

Which ETF pays a higher dividend yield, EHLS or FFLS?

FFLS has the higher dividend yield at 6.74%, compared with 0.00% for EHLS.

What is the main difference between EHLS and FFLS?

They also come from different issuers: N/A and The Future Fund. Their fees differ too: 1.58% for EHLS and 1.75% for FFLS.

Which has better risk-adjusted returns?

EHLS currently has the higher Sharpe Ratio (1.17 vs -0.27), 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.