HECA vs. ENDW
HECA (Hedgeye Capital Allocation ETF) and ENDW (Cambria Endowment Style ETF) are both Global Allocation funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. HECA charges 1.02%/yr vs 0.29%/yr for ENDW.
Performance
HECA vs. ENDW - Performance Comparison
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Returns By Period
In the year-to-date period, HECA achieves a 0.22% return, which is significantly lower than ENDW's 10.76% return.
HECA
- 1D
- -0.75%
- 1M
- -0.29%
- YTD
- 0.22%
- 6M
- -0.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENDW
- 1D
- -0.63%
- 1M
- 1.86%
- YTD
- 10.76%
- 6M
- 11.08%
- 1Y
- 27.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HECA vs. ENDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HECA Hedgeye Capital Allocation ETF | 0.22% | 12.83% |
ENDW Cambria Endowment Style ETF | 10.76% | 12.80% |
Correlation
The correlation between HECA and ENDW is 0.63, 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 Jul 2, 2025 | 0.63 |
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Return for Risk
HECA vs. ENDW — Risk / Return Rank
HECA
ENDW
HECA vs. ENDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye Capital Allocation ETF (HECA) and Cambria Endowment Style ETF (ENDW). 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 | ENDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 3.50 | -2.35 |
Drawdowns
HECA vs. ENDW - Drawdown Comparison
The maximum HECA drawdown since its inception was -11.81%, which is greater than ENDW's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for HECA and ENDW.
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Drawdown Indicators
| HECA | ENDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | -6.44% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.44% | — |
Current DrawdownCurrent decline from peak | -10.09% | -0.63% | -9.46% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -0.81% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.57% | — |
Volatility
HECA vs. ENDW - Volatility Comparison
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Volatility by Period
| HECA | ENDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 10.13% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 11.00% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 11.00% | +1.44% |
HECA vs. ENDW - Expense Ratio Comparison
HECA has a 1.02% expense ratio, which is higher than ENDW's 0.29% expense ratio.
Dividends
HECA vs. ENDW - Dividend Comparison
HECA's dividend yield for the trailing twelve months is around 2.01%, less than ENDW's 2.18% yield.
| Position | TTM | 2025 |
|---|---|---|
ENDW Cambria Endowment Style ETF | 2.18% | 1.91% |
HECA Hedgeye Capital Allocation ETF | 2.01% | 2.02% |
Frequently Asked Questions
HECA and ENDW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ENDW is cheaper with a 0.29% expense ratio, compared with 1.02% for HECA.
ENDW has the higher dividend yield at 2.18%, compared with 2.01% for HECA.
They also come from different issuers: Hedgeye and Cambria. Their fees differ too: 1.02% for HECA and 0.29% for ENDW.
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