HECA vs. ALLW
Compare and contrast key facts about Hedgeye Capital Allocation ETF (HECA) and SPDR Bridgewater All Weather ETF (ALLW).
HECA and ALLW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HECA is an actively managed fund by Hedgeye. It was launched on Jun 30, 2025. ALLW is an actively managed fund by State Street. It was launched on Mar 5, 2025.
Performance
HECA vs. ALLW - Performance Comparison
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HECA vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HECA Hedgeye Capital Allocation ETF | 4.41% | 12.83% |
ALLW SPDR Bridgewater All Weather ETF | 4.95% | 10.32% |
Returns By Period
In the year-to-date period, HECA achieves a 4.41% return, which is significantly lower than ALLW's 4.95% return.
HECA
- 1D
- -0.10%
- 1M
- -5.25%
- YTD
- 4.41%
- 6M
- 7.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALLW
- 1D
- 1.98%
- 1M
- -4.28%
- YTD
- 4.95%
- 6M
- 8.24%
- 1Y
- 19.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HECA vs. ALLW - Expense Ratio Comparison
HECA has a 1.02% expense ratio, which is higher than ALLW's 0.85% expense ratio.
Return for Risk
HECA vs. ALLW — Risk / Return Rank
HECA
ALLW
HECA vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye Capital Allocation ETF (HECA) and SPDR Bridgewater All Weather ETF (ALLW). 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.
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Sharpe Ratios by Period
| HECA | ALLW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 1.51 | +0.39 |
Correlation
The correlation between HECA and ALLW is 0.54, 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
HECA vs. ALLW - Dividend Comparison
HECA's dividend yield for the trailing twelve months is around 1.93%, less than ALLW's 4.45% yield.
| TTM | 2025 | |
|---|---|---|
HECA Hedgeye Capital Allocation ETF | 1.93% | 2.02% |
ALLW SPDR Bridgewater All Weather ETF | 4.45% | 4.67% |
Drawdowns
HECA vs. ALLW - Drawdown Comparison
The maximum HECA drawdown since its inception was -6.33%, smaller than the maximum ALLW drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for HECA and ALLW.
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Drawdown Indicators
| HECA | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.33% | -8.78% | +2.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.78% | — |
Current DrawdownCurrent decline from peak | -6.33% | -4.28% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -1.18% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
HECA vs. ALLW - Volatility Comparison
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Volatility by Period
| HECA | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 13.08% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 12.83% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 12.83% | +0.14% |