HFEQ vs. ATTR

Last updated Jun 4, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. HFEQ charges 1.00%/yr vs 0.63%/yr for ATTR.

Performance

HFEQ vs. ATTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFEQ Equity Long/Short ETF (HFEQ) 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, HFEQ achieves a 14.04% return, which is significantly higher than ATTR's 4.25% return.

HFEQ

• 1D: -0.34%
• 1M: 5.50%
• YTD: 14.04%
• 6M: 13.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFEQ vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	14.04%	-2.56%
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%

Correlation

The correlation between HFEQ and ATTR is 0.75, 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 Oct 29, 2025	0.75

Return for Risk

HFEQ vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFEQ Equity Long/Short ETF (HFEQ) 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.

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

Sharpe Ratios by Period

	HFEQ	ATTR	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	2.81	-1.15

Drawdowns

HFEQ vs. ATTR - Drawdown Comparison

The maximum HFEQ drawdown since its inception was -12.46%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for HFEQ and ATTR.

Drawdown Indicators

	HFEQ	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-1.76%	-10.70%
Current Drawdown Current decline from peak	-0.34%	-0.19%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.45%	-0.18%	-2.27%

Volatility

Volatility by Period

	HFEQ	ATTR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	2.97%	+18.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	2.97%	+18.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	2.97%	+18.63%

HFEQ vs. ATTR - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is higher than ATTR's 0.63% expense ratio.

Dividends

HFEQ vs. ATTR - Dividend Comparison

HFEQ's dividend yield for the trailing twelve months is around 9.25%, while ATTR has not paid dividends to shareholders.

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.25%	10.55%

Frequently Asked Questions

Can I hold both HFEQ and ATTR in my portfolio?

HFEQ and ATTR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HFEQ 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, HFEQ or ATTR?

ATTR is cheaper with a 0.63% expense ratio, compared with 1.00% for HFEQ.

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

HFEQ has the higher dividend yield at 9.25%, compared with 0.00% for ATTR.

What is the main difference between HFEQ and ATTR?

They also come from different issuers: Unlimited and Arin Risk Advisors. Their fees differ too: 1.00% for HFEQ and 0.63% for ATTR.