MOOD vs. HFEQ

Last updated Jun 9, 2026

MOOD (Relative Sentiment Tactical Allocation ETF) and HFEQ (Unlimited HFEQ Equity Long/Short ETF) are both exchange-traded funds - MOOD is a Tactical Allocation fund actively managed by Relative Sentiment, while HFEQ is a Long-Short fund actively managed by Unlimited. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. MOOD charges 0.68%/yr vs 1.00%/yr for HFEQ.

Performance

MOOD vs. HFEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Relative Sentiment Tactical Allocation ETF (MOOD) and Unlimited HFEQ Equity Long/Short ETF (HFEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOOD achieves a 12.64% return, which is significantly higher than HFEQ's 9.98% return.

MOOD

• 1D: 0.40%
• 1M: -0.30%
• YTD: 12.64%
• 6M: 14.97%
• 1Y: 33.33%
• 3Y*: 19.89%
• 5Y*: —
• 10Y*: —

HFEQ

• 1D: -3.97%
• 1M: -2.31%
• YTD: 9.98%
• 6M: 9.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MOOD vs. HFEQ - Yearly Performance Comparison

	2026 (YTD)	2025
MOOD Relative Sentiment Tactical Allocation ETF	12.64%	16.07%
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.98%	14.92%

Correlation

The correlation between MOOD and HFEQ 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 16, 2025	0.78

Return for Risk

MOOD vs. HFEQ — Risk / Return Rank

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

MOOD

MOOD Risk / Return Rank: 74
MOOD Sharpe Ratio Rank: 81
MOOD Sortino Ratio Rank: 67
MOOD Omega Ratio Rank: 84
MOOD Calmar Ratio Rank: 75
MOOD 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.

MOOD vs. HFEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) and Unlimited HFEQ Equity Long/Short ETF (HFEQ). 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.

	MOOD	HFEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	10.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MOOD	HFEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.37	-0.06

Drawdowns

MOOD vs. HFEQ - Drawdown Comparison

The maximum MOOD drawdown since its inception was -14.34%, which is greater than HFEQ's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for MOOD and HFEQ.

Drawdown Indicators

	MOOD	HFEQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-12.46%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	—	—
Current Drawdown Current decline from peak	-2.14%	-3.97%	+1.83%
Average Drawdown Average peak-to-trough decline	-2.32%	-2.45%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	—	—

Volatility

Volatility by Period

	MOOD	HFEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	21.94%	-7.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.10%	21.94%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.10%	21.94%	-9.84%

MOOD vs. HFEQ - Expense Ratio Comparison

MOOD has a 0.68% expense ratio, which is lower than HFEQ's 1.00% expense ratio.

Dividends

MOOD vs. HFEQ - Dividend Comparison

MOOD's dividend yield for the trailing twelve months is around 0.36%, while HFEQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.59%	10.55%	0.00%	0.00%	0.00%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both MOOD and HFEQ in my portfolio?

MOOD and HFEQ 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, MOOD or HFEQ?

On fees, MOOD is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MOOD or HFEQ?

MOOD is cheaper with a 0.68% expense ratio, compared with 1.00% for HFEQ.

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

HFEQ has the higher dividend yield at 9.59%, compared with 0.36% for MOOD.

What is the main difference between MOOD and HFEQ?

MOOD is categorized as Tactical Allocation, while HFEQ is Long-Short. They also come from different issuers: Relative Sentiment and Unlimited. Their fees differ too: 0.68% for MOOD and 1.00% for HFEQ.