HFEQ vs. WTIP

Last updated Jun 4, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and WTIP (WisdomTree Inflation Plus Fund) are both Long-Short funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. HFEQ charges 1.00%/yr vs 0.65%/yr for WTIP.

Performance

HFEQ vs. WTIP - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with HFEQ having a 14.04% return and WTIP slightly higher at 14.34%.

HFEQ

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

WTIP

• 1D: -0.67%
• 1M: -3.73%
• YTD: 14.34%
• 6M: 16.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFEQ vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	14.04%	14.92%
WTIP WisdomTree Inflation Plus Fund	14.34%	11.76%

Correlation

The correlation between HFEQ and WTIP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.24

Return for Risk

HFEQ vs. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFEQ Equity Long/Short ETF (HFEQ) and WisdomTree Inflation Plus Fund (WTIP). 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	WTIP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	1.89	-0.23

Drawdowns

HFEQ vs. WTIP - Drawdown Comparison

The maximum HFEQ drawdown since its inception was -12.46%, which is greater than WTIP's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for HFEQ and WTIP.

Drawdown Indicators

	HFEQ	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-8.35%	-4.11%
Current Drawdown Current decline from peak	-0.34%	-8.35%	+8.01%
Average Drawdown Average peak-to-trough decline	-2.45%	-1.39%	-1.06%

Volatility

Volatility by Period

	HFEQ	WTIP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.60%	17.05%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	17.05%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	17.05%	+4.55%

HFEQ vs. WTIP - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

HFEQ vs. WTIP - Dividend Comparison

HFEQ's dividend yield for the trailing twelve months is around 9.25%, more than WTIP's 2.80% yield.

Position	TTM	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.25%	10.55%
WTIP WisdomTree Inflation Plus Fund	2.80%	1.59%

Frequently Asked Questions

Can I hold both HFEQ and WTIP in my portfolio?

HFEQ and WTIP have a correlation of 0.24, 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 WTIP?

On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFEQ or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.00% for HFEQ.

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

HFEQ has the higher dividend yield at 9.25%, compared with 2.80% for WTIP.

What is the main difference between HFEQ and WTIP?

They also come from different issuers: Unlimited and WisdomTree. Their fees differ too: 1.00% for HFEQ and 0.65% for WTIP.