HFEQ vs MFLX
Comparison between UNLIMITED HFEQ EQUITY LONG/SHORT ETF (HFEQ, ETF) and FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF (MFLX, ETF).
HFEQ vs MFLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HFEQ
$19M
MFLX
$19M
Expense Ratio
HFEQ
0.96%
Winner
MFLX
0.75%
Max Drawdown
Winner
HFEQ
13.58%
MFLX
29.72%
Sharpe Ratio
HFEQ
1.14
Winner
MFLX
1.21
5Y Beta
HFEQ
1.58
Winner
MFLX
-0.05
5Y Dividends CAGR
HFEQ
N/A
MFLX
1.25%
HFEQ vs MFLX - Historical Returns
Returns include dividend reinvestment.
1M
HFEQ
-0.19%
Winner
MFLX
+1.03%
3M
Winner
HFEQ
+5.03%
MFLX
+1.30%
6M
Winner
HFEQ
+9.07%
MFLX
+3.63%
1Y
Winner
HFEQ
+26.33%
MFLX
+8.70%
5Y(CAGR)
HFEQ
N/A
MFLX
-0.06%
10Y(CAGR)
HFEQ
N/A
MFLX
+2.13%
Max(CAGR)
Winner
HFEQ
+30.04%
MFLX
+2.13%
HFEQ vs MFLX - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | HFEQ | MFLX |
|---|---|---|
| 2026 | +8.54% | +3.03% |
| 2025 | +14.87% | +4.12% |
| 2024 | N/A | +4.73% |
| 2023 | N/A | +8.91% |
| 2022 | N/A | -19.65% |
| 2021 | N/A | +8.96% |
| 2020 | N/A | +7.00% |
| 2019 | N/A | +15.75% |
| 2018 | N/A | -4.71% |
| 2017 | N/A | +5.57% |
| 2016 | N/A | -7.63% |
HFEQ vs MFLX Drawdown Comparison
The maximum drawdown for HFEQ was -12.46%, occurring on Mar 30, 2026. Recovery took 49 trading sessions.
The maximum drawdown for MFLX was -26.76%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The current HFEQ drawdown is -3.97%. The current MFLX drawdown is -3.94%.
| Rank | HFEQ | MFLX |
|---|---|---|
| #1 | -12.46% Feb 25, 2026 - May 6, 2026 | -26.76% Feb 24, 2020 - Nov 25, 2020 |
| #2 | -10.71% Oct 27, 2025 - Jan 5, 2026 | -25.88% Aug 24, 2021 - Oct 27, 2022 |
| #3 | -7.12% Oct 6, 2025 - Oct 24, 2025 | -10.10% Sep 29, 2016 - Mar 26, 2019 |
| #4 | -5.24% May 6, 2026 - May 26, 2026 | -4.45% Feb 11, 2021 - Apr 14, 2021 |
| #5 | -3.97% Jun 4, 2026 - Jun 5, 2026 | -3.82% Sep 4, 2019 - Dec 11, 2019 |
| #6 | -2.72% Jul 23, 2025 - Aug 8, 2025 | -1.54% Jul 12, 2021 - Jul 28, 2021 |
| #7 | -2.36% Feb 20, 2026 - Feb 25, 2026 | -1.42% May 10, 2021 - May 26, 2021 |
| #8 | -2.20% Jan 28, 2026 - Feb 6, 2026 | -1.05% Dec 11, 2020 - Dec 31, 2020 |
| #9 | -2.15% Aug 22, 2025 - Sep 9, 2025 | -0.81% Apr 15, 2019 - May 2, 2019 |
| #10 | -2.12% Feb 11, 2026 - Feb 20, 2026 | -0.73% Dec 31, 2020 - Jan 19, 2021 |
| #11 | -2.10% Jan 12, 2026 - Jan 22, 2026 | -0.71% Dec 26, 2019 - Jan 7, 2020 |
| #12 | -1.81% Aug 13, 2025 - Aug 22, 2025 | -0.69% Jun 10, 2021 - Jun 28, 2021 |
| #13 | -1.34% Sep 22, 2025 - Sep 30, 2025 | -0.69% Dec 11, 2019 - Dec 26, 2019 |
| #14 | -1.22% Jan 6, 2026 - Jan 9, 2026 | -0.67% Aug 4, 2021 - Aug 10, 2021 |
| #15 | -1.09% Jan 22, 2026 - Jan 27, 2026 | -0.62% Aug 20, 2019 - Aug 28, 2019 |
Correlation
Correlation between HFEQ and MFLX is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2016 - 2026)
HFEQ vs MFLX dividend yield comparison.
| Year | HFEQ | MFLX |
|---|---|---|
| 2026 | 0.00% | 1.75% |
| 2025 | 10.55% | 4.06% |
| 2024 | 0.00% | 3.81% |
| 2023 | 0.00% | 3.65% |
| 2022 | 0.00% | 4.27% |
| 2021 | 0.00% | 3.69% |
| 2020 | 0.00% | 3.21% |
| 2019 | 0.00% | 2.94% |
| 2018 | 0.00% | 3.74% |
| 2017 | 0.00% | 3.80% |
| 2016 | 0.00% | 0.98% |
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