HECA vs. JIVE

Last updated Jun 4, 2026

HECA (Hedgeye Capital Allocation ETF) and JIVE (Jpmorgan International Value ETF) are both exchange-traded funds - HECA is a Global Allocation fund actively managed by Hedgeye, while JIVE is a Foreign Large Cap Equities fund actively managed by JPMorgan. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. HECA charges 1.02%/yr vs 0.55%/yr for JIVE.

Performance

HECA vs. JIVE - Performance Comparison

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

Returns By Period

In the year-to-date period, HECA achieves a 0.22% return, which is significantly lower than JIVE's 15.75% return.

HECA

• 1D: -0.75%
• 1M: -0.29%
• YTD: 0.22%
• 6M: -0.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JIVE

• 1D: -1.02%
• 1M: 4.12%
• YTD: 15.75%
• 6M: 20.07%
• 1Y: 42.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HECA vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025
HECA Hedgeye Capital Allocation ETF	0.22%	12.83%
JIVE Jpmorgan International Value ETF	15.75%	19.40%

Correlation

The correlation between HECA and JIVE is 0.50, 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	0.50

Return for Risk

HECA vs. JIVE — Risk / Return Rank

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

JIVE

JIVE Risk / Return Rank: 83
JIVE Sharpe Ratio Rank: 88
JIVE Sortino Ratio Rank: 85
JIVE Omega Ratio Rank: 85
JIVE Calmar Ratio Rank: 78
JIVE Martin Ratio Rank: 79

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.

HECA vs. JIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Capital Allocation ETF (HECA) and Jpmorgan International Value ETF (JIVE). 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

	HECA	JIVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	2.01	-0.86

Drawdowns

HECA vs. JIVE - Drawdown Comparison

The maximum HECA drawdown since its inception was -11.81%, smaller than the maximum JIVE drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for HECA and JIVE.

Drawdown Indicators

	HECA	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-13.79%	+1.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.57%	—
Current Drawdown Current decline from peak	-10.09%	-1.02%	-9.07%
Average Drawdown Average peak-to-trough decline	-3.15%	-1.96%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.73%	—

Volatility

Volatility by Period

	HECA	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	14.46%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	14.97%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.44%	14.97%	-2.53%

HECA vs. JIVE - Expense Ratio Comparison

HECA has a 1.02% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

HECA vs. JIVE - Dividend Comparison

HECA's dividend yield for the trailing twelve months is around 2.01%, less than JIVE's 2.48% yield.

Position	TTM	2025	2024	2023
HECA Hedgeye Capital Allocation ETF	2.01%	2.02%	0.00%	0.00%
JIVE Jpmorgan International Value ETF	2.48%	2.88%	2.48%	0.74%

Frequently Asked Questions

Can I hold both HECA and JIVE in my portfolio?

HECA and JIVE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HECA or JIVE?

On fees, JIVE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HECA or JIVE?

JIVE is cheaper with a 0.55% expense ratio, compared with 1.02% for HECA.

Which ETF pays a higher dividend yield, HECA or JIVE?

JIVE has the higher dividend yield at 2.48%, compared with 2.01% for HECA.

What is the main difference between HECA and JIVE?

HECA is categorized as Global Allocation, while JIVE is Foreign Large Cap Equities. They also come from different issuers: Hedgeye and JPMorgan. Their fees differ too: 1.02% for HECA and 0.55% for JIVE.