HECA vs FTMA
Comparison between HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF) and Franklin Massachusetts Municipal Income ETF (FTMA, ETF).
HECA vs FTMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HECA
$287M
FTMA
$287M
Expense Ratio
HECA
0.81%
Winner
FTMA
0.35%
Max Drawdown
HECA
12.82%
Winner
FTMA
2.63%
Sharpe Ratio
Winner
HECA
0.67
FTMA
-0.50
5Y Beta
HECA
0.43
Winner
FTMA
0.10
HECA vs FTMA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HECA
+2.66%
FTMA
+0.13%
3M
Winner
HECA
+0.66%
FTMA
+0.05%
6M
HECA
-9.10%
Winner
FTMA
-0.02%
1Y
HECA
+12.16%
FTMA
N/A
Max(CAGR)
Winner
HECA
+12.34%
FTMA
+2.06%
HECA vs FTMA - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | HECA | FTMA |
|---|---|---|
| 2026 | +0.98% | +1.16% |
| 2025 | +12.83% | +0.43% |
HECA vs FTMA Drawdown Comparison
The maximum drawdown for HECA was -12.82%, occurring on Jun 18, 2026. This drawdown has not yet recovered.
The maximum drawdown for FTMA was -2.27%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.
The current HECA drawdown is -9.10%. The current FTMA drawdown is -1.63%.
| Rank | HECA | FTMA |
|---|---|---|
| #1 | -12.82% Feb 25, 2026 - Jun 18, 2026 | -2.27% Feb 26, 2026 - May 29, 2026 |
| #2 | -5.01% Oct 15, 2025 - Jan 6, 2026 | -1.98% Jul 2, 2026 - Jul 23, 2026 |
| #3 | -3.39% Jan 28, 2026 - Feb 9, 2026 | -0.82% Nov 26, 2025 - Jan 2, 2026 |
| #4 | -3.35% Oct 8, 2025 - Oct 15, 2025 | -0.72% Nov 11, 2025 - Nov 26, 2025 |
| #5 | -2.34% Jul 23, 2025 - Aug 27, 2025 | -0.61% Jan 14, 2026 - Feb 3, 2026 |
| #6 | -1.15% Feb 13, 2026 - Feb 25, 2026 | -0.17% Feb 24, 2026 - Feb 26, 2026 |
| #7 | -1.02% Aug 28, 2025 - Sep 5, 2025 | -0.17% Feb 5, 2026 - Feb 10, 2026 |
| #8 | -0.80% Sep 22, 2025 - Sep 26, 2025 | -0.16% Feb 10, 2026 - Feb 12, 2026 |
| #9 | -0.68% Jul 3, 2025 - Jul 17, 2025 | -0.11% Jun 24, 2026 - Jun 26, 2026 |
| #10 | -0.63% Oct 6, 2025 - Oct 8, 2025 | -0.11% Jan 7, 2026 - Jan 14, 2026 |
| #11 | -0.63% Sep 8, 2025 - Sep 11, 2025 | -0.11% Jun 2, 2026 - Jun 16, 2026 |
| #12 | -0.61% Sep 15, 2025 - Sep 19, 2025 | -0.11% Jun 16, 2026 - Jun 18, 2026 |
| #13 | -0.58% Jan 16, 2026 - Jan 21, 2026 | -0.11% Feb 18, 2026 - Feb 20, 2026 |
| #14 | -0.57% Jan 22, 2026 - Jan 27, 2026 | -0.09% May 29, 2026 - Jun 2, 2026 |
| #15 | -0.57% Jan 6, 2026 - Jan 9, 2026 | -0.06% Jan 5, 2026 - Jan 7, 2026 |
Correlation
Correlation between HECA and FTMA is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.09
-101
Dividend Comparison (2025 - 2026)
HECA vs FTMA dividend yield comparison.
| Year | HECA | FTMA |
|---|---|---|
| 2026 | 0.00% | 2.09% |
| 2025 | 2.02% | 0.54% |
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