HFEQ vs. RSST

Last updated Jun 4, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - HFEQ is a Long-Short fund actively managed by Unlimited, while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. HFEQ charges 1.00%/yr vs 1.04%/yr for RSST.

Performance

HFEQ vs. RSST - 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 U.S. Stocks & Managed Futures ETF (RSST). 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 lower than RSST's 21.45% return.

HFEQ

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

RSST

• 1D: -0.95%
• 1M: 7.80%
• YTD: 21.45%
• 6M: 23.86%
• 1Y: 56.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFEQ vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	14.04%	14.92%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	21.45%	22.42%

Correlation

The correlation between HFEQ and RSST is 0.82, 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 Jul 16, 2025	0.82

Return for Risk

HFEQ vs. RSST — Risk / Return Rank

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

RSST

RSST Risk / Return Rank: 76
RSST Sharpe Ratio Rank: 78
RSST Sortino Ratio Rank: 64
RSST Omega Ratio Rank: 69
RSST Calmar Ratio Rank: 86
RSST Martin Ratio Rank: 83

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. RSST - 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 U.S. Stocks & Managed Futures ETF (RSST). 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	RSST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	0.94	+0.71

Drawdowns

HFEQ vs. RSST - Drawdown Comparison

The maximum HFEQ drawdown since its inception was -12.46%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for HFEQ and RSST.

Drawdown Indicators

	HFEQ	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-30.80%	+18.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.71%	—
Current Drawdown Current decline from peak	-0.34%	-0.95%	+0.61%
Average Drawdown Average peak-to-trough decline	-2.45%	-6.03%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.31%	—

Volatility

Volatility by Period

	HFEQ	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	22.14%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	24.16%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	24.16%	-2.56%

HFEQ vs. RSST - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is lower than RSST's 1.04% expense ratio.

Dividends

HFEQ vs. RSST - Dividend Comparison

HFEQ's dividend yield for the trailing twelve months is around 9.25%, more than RSST's 0.92% yield.

Position	TTM	2025	2024	2023
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.25%	10.55%	0.00%	0.00%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.92%	1.12%	0.09%	0.93%

Frequently Asked Questions

Can I hold both HFEQ and RSST in my portfolio?

HFEQ and RSST have a correlation of 0.82, 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 RSST?

On fees, HFEQ is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFEQ or RSST?

HFEQ is cheaper with a 1.00% expense ratio, compared with 1.04% for RSST.

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

HFEQ has the higher dividend yield at 9.25%, compared with 0.92% for RSST.

What is the main difference between HFEQ and RSST?

HFEQ is categorized as Long-Short, while RSST is Large Cap Blend Equities. They also come from different issuers: Unlimited and Return Stacked. Their fees differ too: 1.00% for HFEQ and 1.04% for RSST.