ACES vs HFXI
ALPS Clean Energy ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | ACES | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.20% | |
| AUM | $109M | $2.0B | |
| Dividend Yield | 1.22% | 3.96% | |
| Holdings | 38 | 858 | |
| YTD Return | -4.54% | +17.72% | |
| 1Y Return | +18.58% | +31.13% | |
| 3Y Return (annualized) | -8.07% | +20.98% | |
| 5Y Return (annualized) | -13.90% | +12.28% | |
| Volatility (annualized) | 35.4% | 13.9% | |
| Max Drawdown | -79.0% | -34.2% | |
| Fund Family | ALPS Advisors | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Jun 27, 2018 | Jul 22, 2015 |
ACES vs HFXI Performance
ALPS Clean Energy ETF (ACES) is a ETF from ALPS Advisors and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year ACES returned +18.58% while HFXI returned +31.13%. Year to date, ACES is down 4.54% versus a gain of 17.72% for HFXI.
Over three years, ACES compounded at -8.07% per year against +20.98% for HFXI; over five years the annualized figures are -13.90% and +12.28% respectively. Across the full 8-year window we track, HFXI has the edge at +7.98% annualized vs +3.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACES has been the more volatile fund, with annualized monthly volatility of 35.4% compared with 13.9% for HFXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for ACES and -34.2% for HFXI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACES charges 0.55% per year while HFXI charges 0.20%. On a $10,000 position that is $55 vs $20 annually, a gap of $35 per year that compounds over a long holding period. On income, ACES currently yields 1.22% against 3.96% for HFXI.
Holdings Overlap
ACES and HFXI share 0 holdings out of 796 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACES or HFXI?
ACES has an expense ratio of 0.55% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, ACES or HFXI?
Over the past year ACES returned +18.58% vs +31.13% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (8 years), ACES annualized +3.70% vs +7.98% for HFXI. Past performance does not guarantee future results.
Which is riskier, ACES or HFXI?
ACES has been the more volatile fund at 35.4% annualized versus 13.9% for HFXI. Worst drawdown: ACES -79.0% vs HFXI -34.2%.
Should I hold both ACES and HFXI?
ACES and HFXI have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACES and HFXI?
ACES and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 796 unique securities.
Which pays a higher dividend, ACES or HFXI?
ACES yields 1.22% while HFXI yields 3.96%, so HFXI currently pays the higher dividend yield.
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