HFEQ vs. HTUS

Last updated Jul 17, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and HTUS (Hull Tactical US ETF) are both Long-Short funds. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. HFEQ charges 1.00%/yr vs 0.97%/yr for HTUS.

Performance

HFEQ vs. HTUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Hull Tactical US ETF (HTUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HFEQ

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

HTUS

• 1D: -0.36%
• 1M: 0.25%
• 6M: 10.53%
• YTD: 11.11%
• 1Y: 22.67%
• 3Y*: 20.01%
• 5Y*: 14.74%
• 10Y*: 12.42%

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

HFEQ vs. HTUS - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.98%	14.35%
HTUS Hull Tactical US ETF	11.11%	10.10%

Correlation

The correlation between HFEQ and HTUS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.80

The correlation between HFEQ and HTUS has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

HFEQ vs. HTUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFEQ

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

HTUS

HTUS Risk / Return Rank: 75
HTUS Sharpe Ratio Rank: 74
HTUS Sortino Ratio Rank: 77
HTUS Omega Ratio Rank: 77
HTUS Calmar Ratio Rank: 65
HTUS Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFEQ vs. HTUS - Risk-Adjusted Trends Comparison

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

	HFEQ	HTUS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.62	—
Martin ratio: Return relative to average drawdown	—	12.68	—

Drawdowns

Drawdown Indicators

	HFEQ	HTUS	Difference
Max Drawdown Largest peak-to-trough decline	—	-47.50%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.50%	—
Current Drawdown Current decline from peak	—	-0.74%	—
Average Drawdown Average peak-to-trough decline	—	-4.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	HFEQ	HTUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.49%	—

HFEQ vs. HTUS - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is higher than HTUS's 0.97% expense ratio.

Dividends

HFEQ vs. HTUS - Dividend Comparison

HFEQ has not paid dividends to shareholders, while HTUS's dividend yield for the trailing twelve months is around 10.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.59%	10.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HTUS Hull Tactical US ETF	10.70%	11.89%	17.80%	1.18%	5.63%	7.20%	3.77%	0.92%	8.69%	8.29%	3.02%

Frequently Asked Questions

Can I hold both HFEQ and HTUS in my portfolio?

HFEQ and HTUS have a correlation of 0.79, 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 HTUS?

On fees, HTUS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFEQ or HTUS?

HTUS is cheaper with a 0.97% expense ratio, compared with 1.00% for HFEQ.

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

HTUS has the higher dividend yield at 10.70%, compared with 9.59% for HFEQ.

What is the main difference between HFEQ and HTUS?

They also come from different issuers: Unlimited and Exchange Traded Concepts. Their fees differ too: 1.00% for HFEQ and 0.97% for HTUS.