RSEE vs. HELS

Last updated Jul 14, 2026

RSEE (Rareview Systematic Equity ETF) and HELS (Hedgeye 130/30 Equity ETF) are both Long-Short funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. RSEE charges 1.27%/yr vs 0.70%/yr for HELS.

Performance

RSEE vs. HELS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Systematic Equity ETF (RSEE) and Hedgeye 130/30 Equity ETF (HELS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSEE achieves a 13.07% return, which is significantly higher than HELS's -0.33% return.

RSEE

• 1D: -1.81%
• 1M: -0.74%
• 6M: 8.74%
• YTD: 13.07%
• 1Y: 27.09%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —

HELS

• 1D: 0.03%
• 1M: 0.28%
• 6M: -4.57%
• YTD: -0.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSEE vs. HELS - Yearly Performance Comparison

	2026 (YTD)	2025
RSEE Rareview Systematic Equity ETF	13.07%	-0.56%
HELS Hedgeye 130/30 Equity ETF	-0.33%	-2.37%

Correlation

The correlation between RSEE and HELS 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 (All Time) Calculated using the full available price history since Dec 11, 2025	0.57

Return for Risk

RSEE vs. HELS — Risk / Return Rank

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

RSEE

RSEE Risk / Return Rank: 53
RSEE Sharpe Ratio Rank: 53
RSEE Sortino Ratio Rank: 50
RSEE Omega Ratio Rank: 49
RSEE Calmar Ratio Rank: 53
RSEE Martin Ratio Rank: 60

HELS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RSEE vs. HELS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) and Hedgeye 130/30 Equity ETF (HELS). 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.

	RSEE	HELS	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.11	—	—
Martin ratio: Return relative to average drawdown	8.35	—	—

Drawdowns

RSEE vs. HELS - Drawdown Comparison

The maximum RSEE drawdown since its inception was -21.60%, which is greater than HELS's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for RSEE and HELS.

Drawdown Indicators

	RSEE	HELS	Difference
Max Drawdown Largest peak-to-trough decline	-21.60%	-13.60%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.60%	—	—
Current Drawdown Current decline from peak	-3.41%	-6.61%	+3.20%
Average Drawdown Average peak-to-trough decline	-3.76%	-5.71%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	—	—

Volatility

Volatility by Period

	RSEE	HELS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.03%	16.23%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	16.23%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	16.23%	+2.98%

RSEE vs. HELS - Expense Ratio Comparison

RSEE has a 1.27% expense ratio, which is higher than HELS's 0.70% expense ratio.

Dividends

RSEE vs. HELS - Dividend Comparison

RSEE has not paid dividends to shareholders, while HELS's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025	2024	2023	2022
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%	0.00%	0.00%	0.00%
RSEE Rareview Systematic Equity ETF	0.00%	0.24%	9.02%	0.84%	1.97%

Frequently Asked Questions

Can I hold both RSEE and HELS in my portfolio?

RSEE and HELS 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 ETF is better, RSEE or HELS?

On fees, HELS is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSEE or HELS?

HELS is cheaper with a 0.70% expense ratio, compared with 1.27% for RSEE.

Which ETF pays a higher dividend yield, RSEE or HELS?

HELS has the higher dividend yield at 0.02%, compared with 0.00% for RSEE.

What is the main difference between RSEE and HELS?

They also come from different issuers: Rareview Funds and Hedgeye. Their fees differ too: 1.27% for RSEE and 0.70% for HELS.