HELS vs. MARB
HELS (Hedgeye 130/30 Equity ETF) and MARB (First Trust Merger Arbitrage ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. HELS charges 0.70%/yr vs 2.30%/yr for MARB.
Performance
HELS vs. MARB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HELS achieves a 1.10% return, which is significantly lower than MARB's 1.77% return.
HELS
- 1D
- 2.03%
- 1M
- 1.43%
- YTD
- 1.10%
- 6M
- -1.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MARB
- 1D
- 0.00%
- 1M
- 0.53%
- YTD
- 1.77%
- 6M
- 1.82%
- 1Y
- 6.71%
- 3Y*
- 4.36%
- 5Y*
- 3.02%
- 10Y*
- —
HELS vs. MARB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HELS Hedgeye 130/30 Equity ETF | 1.10% | -2.37% |
MARB First Trust Merger Arbitrage ETF | 1.77% | 0.26% |
Correlation
The correlation between HELS and MARB is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HELS vs. MARB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye 130/30 Equity ETF (HELS) and First Trust Merger Arbitrage ETF (MARB). 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.
| HELS | MARB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 22.44 | — |
Loading charts...
Drawdowns
HELS vs. MARB - Drawdown Comparison
The maximum HELS drawdown since its inception was -13.60%, which is greater than MARB's maximum drawdown of -11.99%. Use the drawdown chart below to compare losses from any high point for HELS and MARB.
Loading charts...
Drawdown Indicators
| HELS | MARB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -11.99% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.67% | — |
Current DrawdownCurrent decline from peak | -5.27% | 0.00% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -1.39% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.29% | — |
Volatility
HELS vs. MARB - Volatility Comparison
Loading charts...
Volatility by Period
| HELS | MARB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 5.35% | +11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 4.28% | +12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 5.59% | +11.11% |
HELS vs. MARB - Expense Ratio Comparison
HELS has a 0.70% expense ratio, which is lower than MARB's 2.30% expense ratio.
Dividends
HELS vs. MARB - Dividend Comparison
HELS's dividend yield for the trailing twelve months is around 0.02%, while MARB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HELS Hedgeye 130/30 Equity ETF | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% |
MARB First Trust Merger Arbitrage ETF | 2.96% | 3.01% | 2.11% | 2.20% | 0.99% |
Frequently Asked Questions
HELS and MARB have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HELS is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HELS is cheaper with a 0.70% expense ratio, compared with 2.30% for MARB.
MARB has the higher dividend yield at 2.96%, compared with 0.02% for HELS.
They also come from different issuers: Hedgeye and First Trust. Their fees differ too: 0.70% for HELS and 2.30% for MARB.
Find the right allocation for HELS and MARB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer