Hedgeye 130/30 Equity ETF
$24.350.00 (+0.01%)
- 0.70%
- $17M
- 0M sh
- $24.45
- low $22.40high $26.41
The ETF.net HELS Grade
D
Score 38 out of 100
- 87 of 127
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C49 out of 100Rank 63 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 116 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 98 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 82 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 100 of 127
Our read on HELS
DA hedge fund tactic in a plain ETF shell. HELS runs an actively managed 130/30 book, roughly 130% long funded partly by a 30% short sleeve, aiming at long-term capital appreciation in US stocks. Rare structure, ordinary wrapper.
The Fund seeks long-term capital appreciation through an actively managed 130/30 long-short equity strategy.
Why people hold it
- Shorting is the whole point. Rather than simply owning less of a name it dislikes, the fund can bet against it: about 130% long against 30% short, per its stated strategy.
- Hedge fund mechanics, mutual fund plumbing. It is a 1940 Act ETF, which means daily liquidity and 1099 tax reporting rather than lockups and K-1s.
- The 0.70% expense ratio lands near the 0.65% median for actively managed US equity funds, which is restrained for a strategy that carries a short book alongside the longs.
Worth knowing
- Cheap core rivals set the bar: DFAU charges 0.12%, AVLC 0.15%. The gap to 0.70% is what the long-short process has to justify.
- Launched in December 2025, so the record is thin and there is little history showing how the short sleeve behaves through a real drawdown.
- A small fund that trades lightly, so bid-ask spreads can run wider than on the mega-sized core products in the same aisle.
HELS Holdings
- Stocks
- 49
- 50%
- First American Government Obligations Fund 12/01/2031
Geography
- United States91.09%
- Canada3.16%
- Brazil2.36%
- Greece1.97%
- Australia1.43%
HELS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
HELS$9,923
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HELS |
|---|---|
| Year to date | −0.8% |
| 1 month | +3.6% |
| 3 months | −0.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HELS |
|---|---|---|
| 2026 YTD | −0.8% | |
| 2025 | −2.8% |
HELS in the news
HELS Dividends
- $0.0046 per share
- Irregular
Distribution data unavailable.
Distribution history
HELS Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HELS Cost
0.70%
HELS0.70%
- The middle half of US Active Equity funds
- Median 0.70%
61 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- DAESRAnfield U.S. Equity Sector Rotation ETFExpense ratio 0.97%1 year return +23.0%
- DFLCEThe Advisors' Inner Circle Fund II - Frontier Asset U.S. Large Cap Equity ETFExpense ratio 0.86%1 year return +17.5%
- DAIUPFINQ FIRST U.S. Large Cap AI-Managed Equity ETFExpense ratio 0.70%1 year return —
- DCBSEClough Select Equity ETFExpense ratio 0.85%1 year return +17.4%
- DCVARETF Opportunities Trust - Cultivar ETFExpense ratio 0.87%1 year return +12.9%