HTUS vs. EHLS

Last updated Jun 24, 2026

HTUS (Hull Tactical US ETF) and EHLS (Even Herd Long Short ETF) are both Long-Short funds. Both are actively managed. Over the past year, HTUS returned 24.12% vs 22.11% for EHLS. A 0.60 correlation means they provide meaningful diversification when combined. HTUS charges 0.97%/yr vs 1.58%/yr for EHLS.

Performance

HTUS vs. EHLS - Performance Comparison

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

Returns By Period

In the year-to-date period, HTUS achieves a 8.95% return, which is significantly lower than EHLS's 14.25% return.

HTUS

• 1D: -1.20%
• 1M: -0.99%
• YTD: 8.95%
• 6M: 8.55%
• 1Y: 24.12%
• 3Y*: 20.35%
• 5Y*: 14.66%
• 10Y*: 12.20%

EHLS

• 1D: -0.63%
• 1M: -1.19%
• YTD: 14.25%
• 6M: 12.13%
• 1Y: 22.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HTUS vs. EHLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HTUS Hull Tactical US ETF	8.95%	16.57%	12.30%
EHLS Even Herd Long Short ETF	14.25%	6.67%	12.31%

Correlation

The correlation between HTUS and EHLS is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.60

The correlation between HTUS and EHLS has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

Return for Risk

HTUS vs. EHLS — Risk / Return Rank

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

HTUS

HTUS Risk / Return Rank: 68
HTUS Sharpe Ratio Rank: 65
HTUS Sortino Ratio Rank: 68
HTUS Omega Ratio Rank: 69
HTUS Calmar Ratio Rank: 59
HTUS Martin Ratio Rank: 76

EHLS

EHLS Risk / Return Rank: 40
EHLS Sharpe Ratio Rank: 35
EHLS Sortino Ratio Rank: 32
EHLS Omega Ratio Rank: 34
EHLS Calmar Ratio Rank: 53
EHLS Martin Ratio Rank: 46

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.

HTUS vs. EHLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) and Even Herd Long Short ETF (EHLS). 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.

	HTUS	EHLS	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.17	+0.85
Sortino ratio: Return per unit of downside risk	2.95	1.60	+1.35
Omega ratio: Gain probability vs. loss probability	1.39	1.22	+0.17
Calmar ratio: Return relative to maximum drawdown	2.79	2.45	+0.34
Martin ratio: Return relative to average drawdown	13.82	7.06	+6.76

HTUS vs. EHLS - Sharpe Ratio Comparison

The current HTUS Sharpe Ratio is 2.02, which is higher than the EHLS Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of HTUS and EHLS, 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

HTUS vs. EHLS - Drawdown Comparison

The maximum HTUS drawdown since its inception was -47.50%, which is greater than EHLS's maximum drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for HTUS and EHLS.

Drawdown Indicators

	HTUS	EHLS	Difference
Max Drawdown Largest peak-to-trough decline	-47.50%	-18.96%	-28.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-9.06%	+0.38%
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	-2.67%	-2.68%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.05%	-4.39%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	3.14%	-1.39%

Volatility

HTUS vs. EHLS - Volatility Comparison

The current volatility for Hull Tactical US ETF (HTUS) is 4.02%, while Even Herd Long Short ETF (EHLS) has a volatility of 4.57%. This indicates that HTUS experiences smaller price fluctuations and is considered to be less risky than EHLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTUS	EHLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.57%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	14.56%	-4.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	18.94%	-6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	19.68%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	19.68%	+1.81%

HTUS vs. EHLS - Expense Ratio Comparison

HTUS has a 0.97% expense ratio, which is lower than EHLS's 1.58% expense ratio.

Dividends

HTUS vs. EHLS - Dividend Comparison

HTUS's dividend yield for the trailing twelve months is around 10.91%, while EHLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EHLS Even Herd Long Short ETF	0.00%	0.00%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HTUS Hull Tactical US ETF	10.91%	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 HTUS and EHLS in my portfolio?

HTUS and EHLS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTUS or EHLS?

EHLS has higher volatility (4.57%) compared to HTUS (4.02%). In terms of maximum drawdown, HTUS dropped -47.50% vs EHLS's -18.96%.

Which ETF is better, HTUS or EHLS?

On 1-year performance, HTUS leads with 24.12% vs 22.11% for EHLS. On fees, HTUS is cheaper at 0.97% per year. On volatility, HTUS has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTUS or EHLS?

Over the 1-year period, HTUS has performed better with a 24.12% return vs 22.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTUS or EHLS?

HTUS is cheaper with a 0.97% expense ratio, compared with 1.58% for EHLS.

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

HTUS has the higher dividend yield at 10.91%, compared with 0.00% for EHLS.

What is the main difference between HTUS and EHLS?

They also come from different issuers: Exchange Traded Concepts and N/A. Their fees differ too: 0.97% for HTUS and 1.58% for EHLS.

Which has better risk-adjusted returns?

HTUS currently has the higher Sharpe Ratio (2.02 vs 1.17), 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.