HELS vs. ADDS

Last updated Jul 17, 2026

HELS (Hedgeye 130/30 Equity ETF) and ADDS (Hedgeye Index Adds ETF) are both exchange-traded funds - HELS is a Long-Short fund actively managed by Hedgeye, while ADDS is a Multi-factor fund actively managed by Hedgeye. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

HELS vs. ADDS - Performance Comparison

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

Returns By Period

HELS

• 1D: -0.03%
• 1M: 2.03%
• 6M: -3.29%
• YTD: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADDS

• 1D: -2.12%
• 1M: -5.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HELS vs. ADDS - Yearly Performance Comparison

	2026 (YTD)
HELS Hedgeye 130/30 Equity ETF	1.37%
ADDS Hedgeye Index Adds ETF	-0.03%

Correlation

The correlation between HELS and ADDS is 0.68, 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 May 28, 2026	0.68

Return for Risk

HELS vs. ADDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye 130/30 Equity ETF (HELS) and Hedgeye Index Adds ETF (ADDS). 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.

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

Drawdowns

HELS vs. ADDS - Drawdown Comparison

The maximum HELS drawdown since its inception was -13.60%, which is greater than ADDS's maximum drawdown of -10.64%. Use the drawdown chart below to compare losses from any high point for HELS and ADDS.

Drawdown Indicators

	HELS	ADDS	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-10.64%	-2.96%
Current Drawdown Current decline from peak	-5.84%	-9.45%	+3.61%
Average Drawdown Average peak-to-trough decline	-5.71%	-4.68%	-1.03%

Volatility

Volatility by Period

	HELS	ADDS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	42.78%	-26.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	42.78%	-26.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	42.78%	-26.68%

HELS vs. ADDS - Expense Ratio Comparison

Both HELS and ADDS have an expense ratio of 0.70%.

Dividends

HELS vs. ADDS - Dividend Comparison

HELS's dividend yield for the trailing twelve months is around 0.02%, while ADDS has not paid dividends to shareholders.

Position	TTM	2025
ADDS Hedgeye Index Adds ETF	0.00%	0.00%
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both HELS and ADDS in my portfolio?

HELS and ADDS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HELS or ADDS?

Both ETFs have the same 0.70% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HELS or ADDS?

HELS and ADDS have the same expense ratio: 0.70% per year.

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

HELS has the higher dividend yield at 0.02%, compared with 0.00% for ADDS.

What is the main difference between HELS and ADDS?

HELS is categorized as Long-Short, while ADDS is Multi-factor.