HFSP vs. ADVE

Last updated Jul 14, 2026

HFSP (TradersAI Large Cap Equity & Cash ETF) and ADVE (Matthews Asia Dividend Active ETF) are both exchange-traded funds - HFSP is a Long-Short fund actively managed by TradersAI, while ADVE is a Asia Pacific Equities fund actively managed by Matthews. Both are actively managed. Over the past year, HFSP returned -22.75% vs 30.26% for ADVE. At a correlation of -0.03, they often move in opposite directions. HFSP charges 1.25%/yr vs 0.79%/yr for ADVE.

Performance

HFSP vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TradersAI Large Cap Equity & Cash ETF (HFSP) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFSP achieves a -9.94% return, which is significantly lower than ADVE's 15.93% return.

HFSP

• 1D: 0.22%
• 1M: -2.83%
• 6M: -13.71%
• YTD: -9.94%
• 1Y: -22.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADVE

• 1D: -1.69%
• 1M: -2.43%
• 6M: 10.57%
• YTD: 15.93%
• 1Y: 30.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFSP vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HFSP TradersAI Large Cap Equity & Cash ETF	-9.94%	-24.01%	0.75%
ADVE Matthews Asia Dividend Active ETF	15.93%	26.12%	-3.78%

Correlation

The correlation between HFSP and ADVE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	-0.03

Return for Risk

HFSP vs. ADVE — Risk / Return Rank

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

HFSP

HFSP Risk / Return Rank: 1
HFSP Sharpe Ratio Rank: 0
HFSP Sortino Ratio Rank: 1
HFSP Omega Ratio Rank: 1
HFSP Calmar Ratio Rank: 2
HFSP Martin Ratio Rank: 2

ADVE

ADVE Risk / Return Rank: 63
ADVE Sharpe Ratio Rank: 60
ADVE Sortino Ratio Rank: 58
ADVE Omega Ratio Rank: 64
ADVE Calmar Ratio Rank: 65
ADVE Martin Ratio Rank: 65

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.

HFSP vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TradersAI Large Cap Equity & Cash ETF (HFSP) and Matthews Asia Dividend Active ETF (ADVE). 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.

	HFSP	ADVE	Difference
Sharpe ratio: Return per unit of total volatility	-1.30	1.59	-2.90
Sortino ratio: Return per unit of downside risk	-1.70	2.21	-3.91
Omega ratio: Gain probability vs. loss probability	0.78	1.30	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.86	2.59	-3.45
Martin ratio: Return relative to average drawdown	-1.41	9.32	-10.73

HFSP vs. ADVE - Sharpe Ratio Comparison

The current HFSP Sharpe Ratio is -1.30, which is lower than the ADVE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of HFSP and ADVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFSP vs. ADVE - Drawdown Comparison

The maximum HFSP drawdown since its inception was -35.57%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for HFSP and ADVE.

Drawdown Indicators

	HFSP	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-35.57%	-18.41%	-17.16%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-11.73%	-14.93%
Current Drawdown Current decline from peak	-35.10%	-5.18%	-29.92%
Average Drawdown Average peak-to-trough decline	-18.06%	-3.20%	-14.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.15%	3.26%	+12.89%

Volatility

HFSP vs. ADVE - Volatility Comparison

The current volatility for TradersAI Large Cap Equity & Cash ETF (HFSP) is 5.41%, while Matthews Asia Dividend Active ETF (ADVE) has a volatility of 7.77%. This indicates that HFSP experiences smaller price fluctuations and is considered to be less risky than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFSP	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	7.77%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	16.97%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	19.14%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.15%	16.39%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.15%	16.39%	+7.76%

HFSP vs. ADVE - Expense Ratio Comparison

HFSP has a 1.25% expense ratio, which is higher than ADVE's 0.79% expense ratio.

Dividends

HFSP vs. ADVE - Dividend Comparison

HFSP has not paid dividends to shareholders, while ADVE's dividend yield for the trailing twelve months is around 2.22%.

Position	TTM	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	2.22%	2.97%	6.00%	0.37%
HFSP TradersAI Large Cap Equity & Cash ETF	0.00%	0.00%	1.53%	0.00%

Frequently Asked Questions

Can I hold both HFSP and ADVE in my portfolio?

HFSP and ADVE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFSP or ADVE?

ADVE has higher volatility (7.77%) compared to HFSP (5.41%). In terms of maximum drawdown, HFSP dropped -35.57% vs ADVE's -18.41%.

Which ETF is better, HFSP or ADVE?

On 1-year performance, ADVE leads with 30.26% vs -22.75% for HFSP. On fees, ADVE is cheaper at 0.79% per year. On volatility, HFSP has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HFSP or ADVE?

Over the 1-year period, ADVE has performed better with a 30.26% return vs -22.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HFSP or ADVE?

ADVE is cheaper with a 0.79% expense ratio, compared with 1.25% for HFSP.

Which ETF pays a higher dividend yield, HFSP or ADVE?

ADVE has the higher dividend yield at 2.22%, compared with 0.00% for HFSP.

What is the main difference between HFSP and ADVE?

HFSP is categorized as Long-Short, while ADVE is Asia Pacific Equities. They also come from different issuers: TradersAI and Matthews. Their fees differ too: 1.25% for HFSP and 0.79% for ADVE.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (1.59 vs -1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.