WTIP vs. HEFT
WTIP (WisdomTree Inflation Plus Fund) and HEFT (Hedgeye Fourth Turning ETF) are both Long-Short funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. WTIP charges 0.65%/yr vs 0.70%/yr for HEFT.
Performance
WTIP vs. HEFT - Performance Comparison
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Returns By Period
In the year-to-date period, WTIP achieves a 9.21% return, which is significantly higher than HEFT's 5.40% return.
WTIP
- 1D
- -0.35%
- 1M
- -6.37%
- YTD
- 9.21%
- 6M
- 8.54%
- 1Y
- 25.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEFT
- 1D
- 0.59%
- 1M
- -1.08%
- YTD
- 5.40%
- 6M
- 4.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTIP vs. HEFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTIP WisdomTree Inflation Plus Fund | 9.21% | 4.38% |
HEFT Hedgeye Fourth Turning ETF | 5.40% | 1.10% |
Correlation
The correlation between WTIP and HEFT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.45 |
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Return for Risk
WTIP vs. HEFT — Risk / Return Rank
WTIP
HEFT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WTIP vs. HEFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) and Hedgeye Fourth Turning ETF (HEFT). 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.
| WTIP | HEFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | — | — |
| Martin ratioReturn relative to average drawdown | 7.58 | — | — |
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Drawdowns
WTIP vs. HEFT - Drawdown Comparison
The maximum WTIP drawdown since its inception was -12.46%, which is greater than HEFT's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for WTIP and HEFT.
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Drawdown Indicators
| WTIP | HEFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -9.17% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | — | — |
Current DrawdownCurrent decline from peak | -12.46% | -4.91% | -7.55% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -3.30% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | — | — |
Volatility
WTIP vs. HEFT - Volatility Comparison
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Volatility by Period
| WTIP | HEFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 13.43% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 13.43% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 13.43% | +3.47% |
WTIP vs. HEFT - Expense Ratio Comparison
WTIP has a 0.65% expense ratio, which is lower than HEFT's 0.70% expense ratio.
Dividends
WTIP vs. HEFT - Dividend Comparison
WTIP's dividend yield for the trailing twelve months is around 2.93%, more than HEFT's 0.02% yield.
| Position | TTM | 2025 |
|---|---|---|
HEFT Hedgeye Fourth Turning ETF | 0.02% | 0.02% |
WTIP WisdomTree Inflation Plus Fund | 2.93% | 1.59% |
Frequently Asked Questions
WTIP and HEFT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTIP is cheaper with a 0.65% expense ratio, compared with 0.70% for HEFT.
WTIP has the higher dividend yield at 2.93%, compared with 0.02% for HEFT.
They also come from different issuers: WisdomTree and Hedgeye. Their fees differ too: 0.65% for WTIP and 0.70% for HEFT.
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