ENDW vs. HELS

Last updated Jul 14, 2026

ENDW (Cambria Endowment Style ETF) and HELS (Hedgeye 130/30 Equity ETF) are both exchange-traded funds - ENDW is a Global Allocation fund actively managed by Cambria, while HELS is a Long-Short fund actively managed by Hedgeye. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. ENDW charges 0.29%/yr vs 0.70%/yr for HELS.

Performance

ENDW vs. HELS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Endowment Style ETF (ENDW) and Hedgeye 130/30 Equity ETF (HELS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENDW achieves a 10.35% return, which is significantly higher than HELS's -0.33% return.

ENDW

• 1D: -0.28%
• 1M: -0.30%
• 6M: 7.10%
• YTD: 10.35%
• 1Y: 23.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELS

• 1D: 0.03%
• 1M: 0.28%
• 6M: -4.57%
• YTD: -0.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ENDW vs. HELS - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	10.35%	0.06%
HELS Hedgeye 130/30 Equity ETF	-0.33%	-2.37%

Correlation

The correlation between ENDW and HELS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.58

Return for Risk

ENDW vs. HELS — Risk / Return Rank

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

ENDW

ENDW Risk / Return Rank: 85
ENDW Sharpe Ratio Rank: 87
ENDW Sortino Ratio Rank: 85
ENDW Omega Ratio Rank: 85
ENDW Calmar Ratio Rank: 84
ENDW Martin Ratio Rank: 86

HELS

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

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.

ENDW vs. HELS - Risk-Adjusted Trends Comparison

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

	ENDW	HELS	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.61	—	—
Martin ratio: Return relative to average drawdown	13.90	—	—

Drawdowns

ENDW vs. HELS - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, smaller than the maximum HELS drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for ENDW and HELS.

Drawdown Indicators

	ENDW	HELS	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-13.60%	+7.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	—	—
Current Drawdown Current decline from peak	-0.99%	-6.61%	+5.62%
Average Drawdown Average peak-to-trough decline	-0.88%	-5.71%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	ENDW	HELS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	16.23%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	16.23%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.13%	16.23%	-5.10%

ENDW vs. HELS - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than HELS's 0.70% expense ratio.

Dividends

ENDW vs. HELS - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.47%, more than HELS's 0.02% yield.

Position	TTM	2025
ENDW Cambria Endowment Style ETF	2.47%	1.91%
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both ENDW and HELS in my portfolio?

ENDW and HELS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENDW or HELS?

On fees, ENDW is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENDW or HELS?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.70% for HELS.

Which ETF pays a higher dividend yield, ENDW or HELS?

ENDW has the higher dividend yield at 2.47%, compared with 0.02% for HELS.

What is the main difference between ENDW and HELS?

ENDW is categorized as Global Allocation, while HELS is Long-Short. They also come from different issuers: Cambria and Hedgeye. Their fees differ too: 0.29% for ENDW and 0.70% for HELS.