WTIP vs. HFEQ

Last updated Jun 5, 2026

WTIP (WisdomTree Inflation Plus Fund) and HFEQ (Unlimited HFEQ Equity Long/Short ETF) are both Long-Short funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. WTIP charges 0.65%/yr vs 1.00%/yr for HFEQ.

Performance

WTIP vs. HFEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inflation Plus Fund (WTIP) and Unlimited HFEQ Equity Long/Short ETF (HFEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WTIP having a 13.91% return and HFEQ slightly higher at 14.52%.

WTIP

• 1D: -0.38%
• 1M: -4.00%
• YTD: 13.91%
• 6M: 16.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HFEQ

• 1D: 0.42%
• 1M: 3.94%
• YTD: 14.52%
• 6M: 13.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTIP vs. HFEQ - Yearly Performance Comparison

	2026 (YTD)	2025
WTIP WisdomTree Inflation Plus Fund	13.91%	11.76%
HFEQ Unlimited HFEQ Equity Long/Short ETF	14.52%	14.92%

Correlation

The correlation between WTIP and HFEQ is 0.23, 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 Jul 16, 2025	0.24

Return for Risk

WTIP vs. HFEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) 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.

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

Sharpe Ratios by Period

	WTIP	HFEQ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	1.68	+0.17

Drawdowns

WTIP vs. HFEQ - Drawdown Comparison

The maximum WTIP drawdown since its inception was -8.70%, smaller than the maximum HFEQ drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for WTIP and HFEQ.

Drawdown Indicators

	WTIP	HFEQ	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	-12.46%	+3.76%
Current Drawdown Current decline from peak	-8.70%	0.00%	-8.70%
Average Drawdown Average peak-to-trough decline	-1.42%	-2.44%	+1.02%

Volatility

Volatility by Period

	WTIP	HFEQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	21.56%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	21.56%	-4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	21.56%	-4.54%

WTIP vs. HFEQ - Expense Ratio Comparison

WTIP has a 0.65% expense ratio, which is lower than HFEQ's 1.00% expense ratio.

Dividends

WTIP vs. HFEQ - Dividend Comparison

WTIP's dividend yield for the trailing twelve months is around 2.81%, less than HFEQ's 9.21% yield.

Position	TTM	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.21%	10.55%
WTIP WisdomTree Inflation Plus Fund	2.81%	1.59%

Frequently Asked Questions

Can I hold both WTIP and HFEQ in my portfolio?

WTIP and HFEQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTIP or HFEQ?

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.

Which ETF is cheaper, WTIP or HFEQ?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.00% for HFEQ.

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

HFEQ has the higher dividend yield at 9.21%, compared with 2.81% for WTIP.

What is the main difference between WTIP and HFEQ?

They also come from different issuers: WisdomTree and Unlimited. Their fees differ too: 0.65% for WTIP and 1.00% for HFEQ.