HELS vs. BFLX
HELS (Hedgeye 130/30 Equity ETF) and BFLX (iShares Flexible Equity Active ETF) are both Long-Short funds. Both are actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. HELS charges 0.70%/yr vs 0.40%/yr for BFLX.
Performance
HELS vs. BFLX - Performance Comparison
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Returns By Period
HELS
- 1D
- -0.35%
- 1M
- -2.12%
- 6M
- -6.15%
- YTD
- -1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BFLX
- 1D
- 0.11%
- 1M
- 2.82%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.04M | $44.87M | $32.77M | |
| $184.77K | $173.29K | $282.83K |
HELS vs. BFLX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HELS Hedgeye 130/30 Equity ETF | 0.29% |
BFLX iShares Flexible Equity Active ETF | 3.74% |
Correlation
The correlation between HELS and BFLX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 20, 2026 | 0.54 |
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Return for Risk
HELS vs. BFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye 130/30 Equity ETF (HELS) and iShares Flexible Equity Active ETF (BFLX). 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.
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Drawdowns
HELS vs. BFLX - Drawdown Comparison
The maximum HELS drawdown since its inception was -13.60%, which is greater than BFLX's maximum drawdown of -4.55%. Use the drawdown chart below to compare losses from any high point for HELS and BFLX.
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Drawdown Indicators
| HELS | BFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -4.55% | -9.05% |
Current DrawdownCurrent decline from peak | -7.94% | 0.00% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -1.59% | -4.25% |
Volatility
HELS vs. BFLX - Volatility Comparison
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Volatility by Period
| HELS | BFLX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 14.87% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.47% | 14.87% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 14.87% | +0.60% |
HELS vs. BFLX - Expense Ratio Comparison
HELS has a 0.70% expense ratio, which is higher than BFLX's 0.40% expense ratio.
Dividends
HELS vs. BFLX - Dividend Comparison
HELS's dividend yield for the trailing twelve months is around 0.02%, while BFLX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BFLX iShares Flexible Equity Active ETF | 0.00% | 0.00% |
HELS Hedgeye 130/30 Equity ETF | 0.02% | 0.02% |
Frequently Asked Questions
HELS and BFLX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BFLX is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BFLX is cheaper with a 0.40% expense ratio, compared with 0.70% for HELS.
HELS has the higher dividend yield at 0.02%, compared with 0.00% for BFLX.
They also come from different issuers: Hedgeye and iShares. Their fees differ too: 0.70% for HELS and 0.40% for BFLX.
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