HECA vs. MAPP
HECA (Hedgeye Capital Allocation ETF) and MAPP (Harbor Multi-Asset Explorer ETF) are both Global Allocation funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. HECA charges 1.02%/yr vs 0.92%/yr for MAPP.
Performance
HECA vs. MAPP - 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 MAPP's 7.25% return.
HECA
- 1D
- -0.75%
- 1M
- -0.29%
- YTD
- 0.22%
- 6M
- -0.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAPP
- 1D
- -0.65%
- 1M
- 2.82%
- YTD
- 7.25%
- 6M
- 8.20%
- 1Y
- 21.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HECA vs. MAPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HECA Hedgeye Capital Allocation ETF | 0.22% | 12.83% |
MAPP Harbor Multi-Asset Explorer ETF | 7.25% | 9.73% |
Correlation
The correlation between HECA and MAPP is 0.59, 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 | 0.59 |
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Return for Risk
HECA vs. MAPP — Risk / Return Rank
HECA
MAPP
HECA vs. MAPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye Capital Allocation ETF (HECA) and Harbor Multi-Asset Explorer ETF (MAPP). 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 | MAPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 1.53 | -0.38 |
Drawdowns
HECA vs. MAPP - Drawdown Comparison
The maximum HECA drawdown since its inception was -11.81%, smaller than the maximum MAPP drawdown of -12.92%. Use the drawdown chart below to compare losses from any high point for HECA and MAPP.
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Drawdown Indicators
| HECA | MAPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | -12.92% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.17% | — |
Current DrawdownCurrent decline from peak | -10.09% | -0.65% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -1.38% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.55% | — |
Volatility
HECA vs. MAPP - Volatility Comparison
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Volatility by Period
| HECA | MAPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 8.94% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 10.75% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 10.75% | +1.69% |
HECA vs. MAPP - Expense Ratio Comparison
HECA has a 1.02% expense ratio, which is higher than MAPP's 0.92% expense ratio.
Dividends
HECA vs. MAPP - Dividend Comparison
HECA's dividend yield for the trailing twelve months is around 2.01%, less than MAPP's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HECA Hedgeye Capital Allocation ETF | 2.01% | 2.02% | 0.00% | 0.00% |
MAPP Harbor Multi-Asset Explorer ETF | 2.76% | 2.96% | 2.41% | 2.78% |
Frequently Asked Questions
HECA and MAPP have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAPP is cheaper at 0.92% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAPP is cheaper with a 0.92% expense ratio, compared with 1.02% for HECA.
MAPP has the higher dividend yield at 2.76%, compared with 2.01% for HECA.
They also come from different issuers: Hedgeye and Harbor. Their fees differ too: 1.02% for HECA and 0.92% for MAPP.
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