EMPB vs. HELS
EMPB (Efficient Market Portfolio Plus ETF) and HELS (Hedgeye 130/30 Equity ETF) are both Long-Short funds. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. EMPB charges 1.82%/yr vs 0.70%/yr for HELS.
Performance
EMPB vs. HELS - Performance Comparison
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Returns By Period
In the year-to-date period, EMPB achieves a 14.62% return, which is significantly higher than HELS's -1.53% return.
EMPB
- 1D
- 1.10%
- 1M
- 1.13%
- 6M
- 14.24%
- YTD
- 14.62%
- 1Y
- 17.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.65%
HELS
- 1D
- -0.37%
- 1M
- -2.19%
- 6M
- -5.35%
- YTD
- -1.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.83K | $233.39K | $230.26K | |
| $194.76K | $161.75K | $322.58K |
EMPB vs. HELS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMPB Efficient Market Portfolio Plus ETF | 14.62% | -2.23% |
HELS Hedgeye 130/30 Equity ETF | -1.53% | -2.37% |
Correlation
The correlation between EMPB and HELS is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.33 |
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Return for Risk
EMPB vs. HELS — Risk / Return Rank
EMPB
HELS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMPB vs. HELS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Efficient Market Portfolio Plus ETF (EMPB) 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.
| EMPB | HELS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | — | — |
| Martin ratioReturn relative to average drawdown | 8.07 | — | — |
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Drawdowns
EMPB vs. HELS - Drawdown Comparison
The maximum EMPB drawdown since its inception was -7.55%, smaller than the maximum HELS drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for EMPB and HELS.
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Drawdown Indicators
| EMPB | HELS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.55% | -13.60% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -7.73% | +6.97% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -5.81% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | — | — |
Volatility
EMPB vs. HELS - Volatility Comparison
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Volatility by Period
| EMPB | HELS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 15.60% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.72% | 15.60% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.72% | 15.60% | -3.88% |
EMPB vs. HELS - Expense Ratio Comparison
EMPB has a 1.82% expense ratio, which is higher than HELS's 0.70% expense ratio.
Dividends
EMPB vs. HELS - Dividend Comparison
EMPB's dividend yield for the trailing twelve months is around 0.77%, more than HELS's 0.02% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EMPB Efficient Market Portfolio Plus ETF | 0.77% | 0.88% | 0.28% |
HELS Hedgeye 130/30 Equity ETF | 0.02% | 0.02% | 0.00% |
Frequently Asked Questions
EMPB and HELS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HELS is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HELS is cheaper with a 0.70% expense ratio, compared with 1.82% for EMPB.
EMPB has the higher dividend yield at 0.77%, compared with 0.02% for HELS.
They also come from different issuers: NextGen EMP and Hedgeye. Their fees differ too: 1.82% for EMPB and 0.70% for HELS.
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