HFEQ vs. RSSB

Last updated Jun 24, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and RSSB (Return Stacked Global Stocks & Bonds ETF) are both exchange-traded funds - HFEQ is a Long-Short fund actively managed by Unlimited, while RSSB is a Global Allocation fund actively managed by Return Stacked. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. HFEQ charges 1.00%/yr vs 0.39%/yr for RSSB.

Performance

HFEQ vs. RSSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Return Stacked Global Stocks & Bonds ETF (RSSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFEQ achieves a 9.98% return, which is significantly higher than RSSB's 7.65% return.

HFEQ

• 1D: -3.97%
• 1M: -1.18%
• YTD: 9.98%
• 6M: 8.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSSB

• 1D: -1.85%
• 1M: -0.23%
• YTD: 7.65%
• 6M: 6.97%
• 1Y: 24.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFEQ vs. RSSB - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.98%	14.35%
RSSB Return Stacked Global Stocks & Bonds ETF	7.65%	11.70%

Correlation

The correlation between HFEQ and RSSB is 0.78, 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 Jul 15, 2025	0.78

Return for Risk

HFEQ vs. RSSB — 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.

RSSB

RSSB Risk / Return Rank: 45
RSSB Sharpe Ratio Rank: 45
RSSB Sortino Ratio Rank: 43
RSSB Omega Ratio Rank: 43
RSSB Calmar Ratio Rank: 44
RSSB Martin Ratio Rank: 51

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. RSSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Return Stacked Global Stocks & Bonds ETF (RSSB). 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	RSSB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.51	—
Sortino ratio: Return per unit of downside risk	—	2.11	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.09	—
Martin ratio: Return relative to average drawdown	—	8.41	—

Drawdowns

HFEQ vs. RSSB - Drawdown Comparison

The maximum HFEQ drawdown since its inception was -12.46%, smaller than the maximum RSSB drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for HFEQ and RSSB.

Drawdown Indicators

	HFEQ	RSSB	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-16.21%	+3.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.63%	—
Current Drawdown Current decline from peak	-3.97%	-2.95%	-1.02%
Average Drawdown Average peak-to-trough decline	-2.44%	-2.26%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.89%	—

Volatility

Volatility by Period

	HFEQ	RSSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.90%	16.19%	+5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	16.83%	+5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	16.83%	+5.07%

HFEQ vs. RSSB - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is higher than RSSB's 0.39% expense ratio.

Dividends

HFEQ vs. RSSB - Dividend Comparison

HFEQ has not paid dividends to shareholders, while RSSB's dividend yield for the trailing twelve months is around 3.23%.

Position	TTM	2025	2024	2023
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.59%	10.55%	0.00%	0.00%
RSSB Return Stacked Global Stocks & Bonds ETF	3.23%	3.48%	1.10%	0.61%

Frequently Asked Questions

Can I hold both HFEQ and RSSB in my portfolio?

HFEQ and RSSB have a correlation of 0.78, 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 RSSB?

On fees, RSSB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFEQ or RSSB?

RSSB is cheaper with a 0.39% expense ratio, compared with 1.00% for HFEQ.

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

HFEQ has the higher dividend yield at 9.59%, compared with 3.23% for RSSB.

What is the main difference between HFEQ and RSSB?

HFEQ is categorized as Long-Short, while RSSB is Global Allocation. They also come from different issuers: Unlimited and Return Stacked. Their fees differ too: 1.00% for HFEQ and 0.39% for RSSB.