SHEH vs. EIPX

Last updated Jul 10, 2026

SHEH (Shell plc ADRhedged ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. SHEH is passively managed, while EIPX is actively managed. Over the past year, SHEH returned 18.17% vs 27.38% for EIPX. A 0.63 correlation means they provide meaningful diversification when combined. SHEH charges 0.19%/yr vs 0.95%/yr for EIPX.

Performance

SHEH vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 12.47% return, which is significantly lower than EIPX's 21.75% return.

SHEH

• 1D: -1.01%
• 1M: -4.67%
• 6M: 16.82%
• YTD: 12.47%
• 1Y: 18.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPX

• 1D: -0.56%
• 1M: 0.62%
• 6M: 21.02%
• YTD: 21.75%
• 1Y: 27.38%
• 3Y*: 20.35%
• 5Y*: —
• 10Y*: —

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

SHEH vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	12.47%	12.63%
EIPX FT Energy Income Partners Strategy ETF	21.75%	12.00%

Correlation

The correlation between SHEH and EIPX is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.63

The correlation between SHEH and EIPX has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.

Return for Risk

SHEH vs. EIPX — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 28
SHEH Sharpe Ratio Rank: 30
SHEH Sortino Ratio Rank: 29
SHEH Omega Ratio Rank: 28
SHEH Calmar Ratio Rank: 26
SHEH Martin Ratio Rank: 27

EIPX

EIPX Risk / Return Rank: 90
EIPX Sharpe Ratio Rank: 91
EIPX Sortino Ratio Rank: 91
EIPX Omega Ratio Rank: 85
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 88

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.

SHEH vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and FT Energy Income Partners Strategy ETF (EIPX). 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.

	SHEH	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.43	-1.53
Sortino ratio: Return per unit of downside risk	1.32	3.47	-2.15
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.04	5.32	-4.28
Martin ratio: Return relative to average drawdown	2.99	14.90	-11.91

SHEH vs. EIPX - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 0.89, which is lower than the EIPX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SHEH and EIPX, 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

SHEH vs. EIPX - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for SHEH and EIPX.

Drawdown Indicators

	SHEH	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-15.43%	-2.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-5.17%	-12.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.43%	—
Current Drawdown Current decline from peak	-13.29%	-2.75%	-10.54%
Average Drawdown Average peak-to-trough decline	-3.95%	-2.30%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	1.84%	+4.26%

Volatility

SHEH vs. EIPX - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 7.12% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.93%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	3.93%	+3.19%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	8.74%	+8.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	11.34%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	15.01%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	15.01%	+5.48%

SHEH vs. EIPX - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

SHEH vs. EIPX - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 2.07%, less than EIPX's 2.75% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.75%	3.23%	3.27%	3.48%	0.34%
SHEH Shell plc ADRhedged ETF	2.07%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHEH and EIPX in my portfolio?

SHEH and EIPX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or EIPX?

SHEH has higher volatility (7.12%) compared to EIPX (3.93%). In terms of maximum drawdown, SHEH dropped -17.53% vs EIPX's -15.43%.

Which ETF is better, SHEH or EIPX?

On 1-year performance, EIPX leads with 27.38% vs 18.17% for SHEH. On fees, SHEH is cheaper at 0.19% per year. On volatility, EIPX has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or EIPX?

Over the 1-year period, EIPX has performed better with a 27.38% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or EIPX?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, SHEH or EIPX?

EIPX has the higher dividend yield at 2.75%, compared with 2.07% for SHEH.

What is the main difference between SHEH and EIPX?

They also come from different issuers: ADRhedged and First Trust. Their fees differ too: 0.19% for SHEH and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.42 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.