ENDW vs. HECA

Last updated Apr 1, 2026

Compare and contrast key facts about Cambria Endowment Style ETF (ENDW) and Hedgeye Capital Allocation ETF (HECA).

ENDW and HECA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENDW is an actively managed fund by Cambria. It was launched on Apr 9, 2025. HECA is an actively managed fund by Hedgeye. It was launched on Jun 30, 2025.

Performance

ENDW vs. HECA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Endowment Style ETF (ENDW) and Hedgeye Capital Allocation ETF (HECA). The values are adjusted to include any dividend payments, if applicable.

ENDW vs. HECA - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	3.42%	12.80%
HECA Hedgeye Capital Allocation ETF	4.41%	12.83%

Returns By Period

In the year-to-date period, ENDW achieves a 3.42% return, which is significantly lower than HECA's 4.41% return.

ENDW

• 1D: 1.81%
• 1M: -4.20%
• YTD: 3.42%
• 6M: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HECA

• 1D: -0.10%
• 1M: -5.25%
• YTD: 4.41%
• 6M: 7.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENDW vs. HECA - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than HECA's 1.02% expense ratio.

HECA

Hedgeye Capital Allocation ETF

ENDW

Cambria Endowment Style ETF

Return for Risk

ENDW vs. HECA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Endowment Style ETF (ENDW) and Hedgeye Capital Allocation ETF (HECA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ENDW	HECA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.24	1.90	+1.34

Correlation

The correlation between ENDW and HECA is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ENDW vs. HECA - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.34%, more than HECA's 1.93% yield.

	TTM	2025
ENDW Cambria Endowment Style ETF	2.34%	1.91%
HECA Hedgeye Capital Allocation ETF	1.93%	2.02%

Drawdowns

ENDW vs. HECA - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, roughly equal to the maximum HECA drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for ENDW and HECA.

Drawdown Indicators

	ENDW	HECA	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-6.33%	-0.11%
Current Drawdown Current decline from peak	-4.36%	-6.33%	+1.97%
Average Drawdown Average peak-to-trough decline	-0.82%	-1.53%	+0.71%

Volatility

Volatility by Period

	ENDW	HECA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.36%	12.97%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	12.97%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	12.97%	-1.61%