HEMI vs. ACII

Last updated Jun 5, 2026

HEMI (Hartford Equity Premium Income ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. HEMI charges 0.49%/yr vs 0.79%/yr for ACII.

Performance

HEMI vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Equity Premium Income ETF (HEMI) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HEMI

• 1D: 0.45%
• 1M: 3.66%
• YTD: 8.94%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: 0.47%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEMI vs. ACII - Yearly Performance Comparison

	2026 (YTD)
HEMI Hartford Equity Premium Income ETF	0.41%
ACII Innovator Index Autocallable Income Strategy ETF	-0.63%

Correlation

The correlation between HEMI and ACII is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.90

Return for Risk

HEMI vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Premium Income ETF (HEMI) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

Sharpe Ratios by Period

	HEMI	ACII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	-3.57	+5.65

Drawdowns

HEMI vs. ACII - Drawdown Comparison

The maximum HEMI drawdown since its inception was -7.80%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for HEMI and ACII.

Drawdown Indicators

	HEMI	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-7.80%	-1.27%	-6.53%
Current Drawdown Current decline from peak	0.00%	-0.80%	+0.80%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.50%	-0.75%

Volatility

Volatility by Period

	HEMI	ACII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	8.49%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	8.49%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	8.49%	+3.96%

HEMI vs. ACII - Expense Ratio Comparison

HEMI has a 0.49% expense ratio, which is lower than ACII's 0.79% expense ratio.

Dividends

HEMI vs. ACII - Dividend Comparison

HEMI's dividend yield for the trailing twelve months is around 3.44%, more than ACII's 0.73% yield.

Position	TTM
ACII Innovator Index Autocallable Income Strategy ETF	0.73%
HEMI Hartford Equity Premium Income ETF	3.44%

Frequently Asked Questions

Can I hold both HEMI and ACII in my portfolio?

With a correlation of 0.90, HEMI and ACII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HEMI or ACII?

On fees, HEMI is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEMI or ACII?

HEMI is cheaper with a 0.49% expense ratio, compared with 0.79% for ACII.

Which ETF pays a higher dividend yield, HEMI or ACII?

HEMI has the higher dividend yield at 3.44%, compared with 0.73% for ACII.

What is the main difference between HEMI and ACII?

They also come from different issuers: Hartford Funds and Innovator. Their fees differ too: 0.49% for HEMI and 0.79% for ACII.