NTSI vs. HECA

Last updated Jul 16, 2026

NTSI (WisdomTree International Efficient Core Fund) and HECA (Hedgeye Capital Allocation ETF) are both Global Allocation funds. Both are actively managed. Over the past year, NTSI returned 21.89% vs 11.01% for HECA. At a 0.43 correlation, their price movements are largely independent. NTSI charges 0.26%/yr vs 1.02%/yr for HECA.

Performance

NTSI vs. HECA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Efficient Core Fund (NTSI) and Hedgeye Capital Allocation ETF (HECA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTSI achieves a 8.60% return, which is significantly higher than HECA's -1.50% return.

NTSI

• 1D: 0.61%
• 1M: 0.32%
• 6M: 5.66%
• YTD: 8.60%
• 1Y: 21.89%
• 3Y*: 13.80%
• 5Y*: 6.22%
• 10Y*: —

HECA

• 1D: -0.46%
• 1M: 0.76%
• 6M: -5.83%
• YTD: -1.50%
• 1Y: 11.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NTSI vs. HECA - Yearly Performance Comparison

	2026 (YTD)	2025
NTSI WisdomTree International Efficient Core Fund	8.60%	9.90%
HECA Hedgeye Capital Allocation ETF	-1.50%	12.83%

Correlation

The correlation between NTSI and HECA is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.43

Return for Risk

NTSI vs. HECA — Risk / Return Rank

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

NTSI

NTSI Risk / Return Rank: 48
NTSI Sharpe Ratio Rank: 51
NTSI Sortino Ratio Rank: 49
NTSI Omega Ratio Rank: 48
NTSI Calmar Ratio Rank: 43
NTSI Martin Ratio Rank: 47

HECA

HECA Risk / Return Rank: 26
HECA Sharpe Ratio Rank: 29
HECA Sortino Ratio Rank: 29
HECA Omega Ratio Rank: 29
HECA Calmar Ratio Rank: 22
HECA Martin Ratio Rank: 20

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.

NTSI vs. HECA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Efficient Core Fund (NTSI) and Hedgeye Capital Allocation ETF (HECA). 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.

	NTSI	HECA	Difference
Sharpe ratio: Return per unit of total volatility	1.42	0.89	+0.53
Sortino ratio: Return per unit of downside risk	1.99	1.31	+0.68
Omega ratio: Gain probability vs. loss probability	1.25	1.17	+0.08
Calmar ratio: Return relative to maximum drawdown	1.78	0.86	+0.92
Martin ratio: Return relative to average drawdown	6.37	1.82	+4.55

NTSI vs. HECA - Sharpe Ratio Comparison

The current NTSI Sharpe Ratio is 1.42, which is higher than the HECA Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of NTSI and HECA, 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

NTSI vs. HECA - Drawdown Comparison

The maximum NTSI drawdown since its inception was -34.01%, which is greater than HECA's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for NTSI and HECA.

Drawdown Indicators

	NTSI	HECA	Difference
Max Drawdown Largest peak-to-trough decline	-34.01%	-12.82%	-21.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.33%	-12.82%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.01%	—	—
Current Drawdown Current decline from peak	-1.07%	-11.63%	+10.56%
Average Drawdown Average peak-to-trough decline	-9.03%	-4.06%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	6.06%	-2.62%

Volatility

NTSI vs. HECA - Volatility Comparison

WisdomTree International Efficient Core Fund (NTSI) has a higher volatility of 3.52% compared to Hedgeye Capital Allocation ETF (HECA) at 1.60%. This indicates that NTSI's price experiences larger fluctuations and is considered to be riskier than HECA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSI	HECA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	1.60%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	8.48%	+4.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	12.45%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	12.27%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	12.27%	+3.38%

NTSI vs. HECA - Expense Ratio Comparison

NTSI has a 0.26% expense ratio, which is lower than HECA's 1.02% expense ratio.

Dividends

NTSI vs. HECA - Dividend Comparison

NTSI's dividend yield for the trailing twelve months is around 3.50%, more than HECA's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021
HECA Hedgeye Capital Allocation ETF	2.05%	2.02%	0.00%	0.00%	0.00%	0.00%
NTSI WisdomTree International Efficient Core Fund	3.50%	3.65%	2.92%	2.35%	2.66%	0.97%

Frequently Asked Questions

Can I hold both NTSI and HECA in my portfolio?

NTSI and HECA have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSI or HECA?

NTSI has higher volatility (3.52%) compared to HECA (1.60%). In terms of maximum drawdown, NTSI dropped -34.01% vs HECA's -12.82%.

Which ETF is better, NTSI or HECA?

On 1-year performance, NTSI leads with 21.89% vs 11.01% for HECA. On fees, NTSI is cheaper at 0.26% per year. On volatility, HECA has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSI or HECA?

Over the 1-year period, NTSI has performed better with a 21.89% return vs 11.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSI or HECA?

NTSI is cheaper with a 0.26% expense ratio, compared with 1.02% for HECA.

Which ETF pays a higher dividend yield, NTSI or HECA?

NTSI has the higher dividend yield at 3.50%, compared with 2.05% for HECA.

What is the main difference between NTSI and HECA?

They also come from different issuers: WisdomTree and Hedgeye. Their fees differ too: 0.26% for NTSI and 1.02% for HECA.

Which has better risk-adjusted returns?

NTSI currently has the higher Sharpe Ratio (1.42 vs 0.89), 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.