---
ticker: "HFEQ"
name: "Unlimited HFEQ Equity Long/Short ETF"
url: "https://etf.net/etf/HFEQ"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "13 of 30"
methodology: "https://etf.net/methodology"
---

# HFEQ: Unlimited HFEQ Equity Long/Short ETF

Grade **C**, Score 51 of 100. Rank 13 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 13 of 30 |
| Mission | Not scored | — |
| Risk | 47 | 19 of 30 |
| Tradability | 57 | 13 of 30 |
| Holdings | Not scored | — |
| Durability | 30 | 28 of 30 |

## Top holdings

The fund holds 21 positions. These are the largest 21, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 14.18% |
| 2 | — | NASDAQ 100 E-MINI Dec26 | 10.75% |
| 3 | — | MSCI EmgMkt       Dec26 | 10.33% |
| 4 | VTV | Vanguard Morningstar Value ETF | 8.72% |
| 5 | — | First American Government Obligations Fund 12/01/2031 | 6.91% |
| 6 | — | S&P500 EMINI FUT  Dec26 | 6.79% |
| 7 | — | MSCI EAFE         Dec26 | 6.72% |
| 8 | VO | Vanguard Morningstar Mid-Cap ETF | 5.88% |
| 9 | VFMO | Vanguard US Momentum Factor ETF | 4.48% |
| 10 | XLB | State Street Materials Select Sector SPDR ETF | 3.76% |
| 11 | — | EURO STOXX 50     Dec26 | 3.59% |
| 12 | XRT | State Street SPDR S&P Retail ETF | 3.51% |
| 13 | — | CBOE VIX FUTURE   Oct26 | 3.25% |
| 14 | — | E-Mini Russ 2000  Dec26 | 3.05% |
| 15 | — | NIKKEI 225  (CME) Dec26 | 2.99% |
| 16 | XLI | State Street Industrial Select Sector SPDR ETF | 2.97% |
| 17 | — | XAF Financial     Dec26 | 1.47% |
| 18 | XBI | State Street SPDR S&P Biotech ETF | 1.43% |
| 19 | XLE | State Street Energy Select Sector SPDR ETF | 1.12% |
| 20 | XLY | State Street Consumer Discretionary Select Sector SPDR ETF | 0.65% |
| 21 | XLU | State Street Utilities Select Sector SPDR ETF | 0.31% |

Source: etf.net, https://etf.net/etf/HFEQ. Please cite the page URL.