HELS vs. ATTR

Last updated Jun 26, 2026

HELS (Hedgeye 130/30 Equity ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. HELS charges 0.70%/yr vs 0.63%/yr for ATTR.

Performance

HELS vs. ATTR - Performance Comparison

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

Returns By Period

In the year-to-date period, HELS achieves a 1.10% return, which is significantly lower than ATTR's 3.14% return.

HELS

• 1D: 2.03%
• 1M: 1.43%
• YTD: 1.10%
• 6M: -1.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATTR

• 1D: -0.18%
• 1M: -1.03%
• YTD: 3.14%
• 6M: 3.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HELS vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
HELS Hedgeye 130/30 Equity ETF	1.10%	-2.37%
ATTR Arin Tactical Tail Risk ETF	3.14%	0.01%

Correlation

The correlation between HELS and ATTR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.41

Return for Risk

HELS vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye 130/30 Equity ETF (HELS) and Arin Tactical Tail Risk ETF (ATTR). 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. ATTR - Drawdown Comparison

The maximum HELS drawdown since its inception was -13.60%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for HELS and ATTR.

Drawdown Indicators

	HELS	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-1.76%	-11.84%
Current Drawdown Current decline from peak	-5.27%	-1.25%	-4.02%
Average Drawdown Average peak-to-trough decline	-5.70%	-0.23%	-5.47%

Volatility

Volatility by Period

	HELS	ATTR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.70%	3.16%	+13.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	3.16%	+13.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	3.16%	+13.54%

HELS vs. ATTR - Expense Ratio Comparison

HELS has a 0.70% expense ratio, which is higher than ATTR's 0.63% expense ratio.

Dividends

HELS vs. ATTR - Dividend Comparison

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

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%

Frequently Asked Questions

Can I hold both HELS and ATTR in my portfolio?

HELS and ATTR have a correlation of 0.41, 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 ATTR?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HELS or ATTR?

ATTR is cheaper with a 0.63% expense ratio, compared with 0.70% for HELS.

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

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

What is the main difference between HELS and ATTR?

They also come from different issuers: Hedgeye and Arin Risk Advisors. Their fees differ too: 0.70% for HELS and 0.63% for ATTR.