HFEQ vs VOO
Unlimited HFEQ Equity Long/Short ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. HFEQ delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | HFEQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $19M | $997.4B | |
| Dividend Yield | 9.30% | 1.08% | |
| Holdings | 22 | 509 | |
| YTD Return | +18.49% | +14.27% | |
| 1Y Return | +31.73% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 16.4% | 14.2% | |
| Max Drawdown | -12.5% | -34.3% | |
| Fund Family | Unlimited Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | Sep 7, 2010 |
HFEQ vs VOO Performance
Unlimited HFEQ Equity Long/Short ETF (HFEQ) is a ETF from Unlimited Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HFEQ returned +31.73% while VOO returned +21.79%. Year to date, HFEQ is up 18.49% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
HFEQ has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 14.2% for VOO. 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 -12.5% for HFEQ and -34.3% for VOO. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFEQ charges 0.96% per year while VOO charges 0.03%. On a $10,000 position that is $96 vs $3 annually, a gap of $93 per year that compounds over a long holding period. On income, HFEQ currently yields 9.30% against 1.08% for VOO.
Holdings Overlap
HFEQ and VOO share 0 holdings out of 516 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, HFEQ or VOO?
HFEQ has an expense ratio of 0.96% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, HFEQ or VOO?
Over the past year HFEQ returned +31.73% vs +21.79% for VOO, so HFEQ leads on 1-year performance. Over the longest common window we track (1 years), HFEQ annualized +34.75% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, HFEQ or VOO?
HFEQ has been the more volatile fund at 16.4% annualized versus 14.2% for VOO. Worst drawdown: HFEQ -12.5% vs VOO -34.3%.
Should I hold both HFEQ and VOO?
HFEQ and VOO have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFEQ and VOO?
HFEQ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, HFEQ or VOO?
HFEQ yields 9.30% while VOO yields 1.08%, so HFEQ currently pays the higher dividend yield.
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