HFEQ vs TNXT
Comparison between UNLIMITED HFEQ EQUITY LONG/SHORT ETF (HFEQ, ETF) and T. ROWE PRICE INNOVATION LEADERS ETF (TNXT, ETF).
HFEQ vs TNXT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HFEQ
$18M
TNXT
$18M
Expense Ratio
HFEQ
0.96%
Winner
TNXT
0.49%
Max Drawdown
HFEQ
13.58%
Winner
TNXT
12.97%
Sharpe Ratio
HFEQ
1.09
Winner
TNXT
1.19
5Y Beta
HFEQ
1.49
Winner
TNXT
1.38
P/E Ratio
HFEQ
N/A
TNXT
55.30
Forward P/E
HFEQ
N/A
TNXT
20.70
5Y EPS CAGR
HFEQ
N/A
TNXT
31.52%
P/S Ratio
HFEQ
N/A
TNXT
2.35
P/B Ratio
HFEQ
N/A
TNXT
7.09
HFEQ vs TNXT - Holdings Comparison
HFEQ and TNXT have 1 common holdings. Overlap is -92.67%
HFEQ's top 25 holdings weight is 100.00%. TNXT's top 25 holdings weight is 49.13%.
| Rank | HFEQ | TNXT |
|---|---|---|
| #1 | VANGUARD MSTAR VALUE ETF (VTV) - 26.57% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | VANGUARD MSTAR MID CAP ETF (VO) - 18.97% | APPLE INC (AAPL) - 5.36% |
| #3 | E-MINI NASDAQ 100 FUTURE SEPT 26 (n/a) - 18.37% | AMAZON.COM INC (AMZN) - 3.86% |
| #4 | EURO STOXX 50 FUTURE SEPT 26 (n/a) - 15.43% | MICROSOFT CORP (MSFT) - 3.55% |
| #5 | MSCI EMERGING MARKETS INDEX FUTURE SEPT 26 (n/a) - 13.25% | BROADCOM INC (AVGO) - 2.70% |
| #6 | MSCI EAFE INDEX FUTURE SEPT 26 (n/a) - 13.14% | ALPHABET INC CLASS A (GOOGL) - 2.28% |
| #7 | STATE STREET®MATSELSECTSPDR®ETF (XLB) - 10.99% | ADVANCED MICRO DEVICES INC (AMD) - 2.10% |
| #8 | E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 10.29% | ALPHABET INC CLASS C (GOOG) - 2.08% |
| #9 | STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 8.90% | ELI LILLY AND CO (LLY) - 1.96% |
| #10 | E-MINI FINANCIAL SELECT SECTOR FUTURE SEPT 26 (n/a) - 8.75% | MICRON TECHNOLOGY INC (MU) - 1.57% |
| #11 | E-MINI RUSSELL 2000 INDEX FUTURE SEPT 26 (n/a) - 8.16% | TESLA INC (TSLA) - 1.55% |
| #12 | CBOE VIX FUTURE SEP26 (n/a) - 7.24% | META PLATFORMS INC CLASS A (META) - 1.52% |
| #13 | OTHER ASSETS AND LIABILITIES (n/a) - 6.98% | VISA INC CLASS A (V) - 1.46% |
| #14 | STATE STREET® CNSMRDISCSELSECTSPDR®ETF (XLY) - 5.65% | INTEL CORP (INTC) - 1.26% |
| #15 | STATE STREET® SPDR® S&P® RETAIL ETF (XRT) - 5.15% | MASTERCARD INC CLASS A (MA) - 1.24% |
| #16 | STATE STREET® SPDR® S&P® BIOTECH ETF (XBI) - 4.04% | UNITEDHEALTH GROUP INC (UNH) - 1.11% |
| #17 | NIKKEI/USD FUTURE SEPT 26 (n/a) - 3.41% | BLOCK INC CLASS A (XYZ) - 1.06% |
| #18 | STATE STREET®UTILSELSECTSPDR®ETF (XLU) - 3.32% | MODERNA INC (MRNA) - 1.06% |
| #19 | VANGUARD US MOMENTUM FACTOR ETF (VFMO) - 3.06% | n/a (TSM) - 1.01% |
| #20 | STATE STREET®ENGYSELSECTSPDR®ETF (XLE) - 2.74% | BRISTOL-MYERS SQUIBB CO (BMY) - 0.90% |
| #21 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.69% | n/a (SPCX) - 0.77% |
| #22 | US DOLLARS (n/a) - 0.53% | GILEAD SCIENCES INC (GILD) - 0.76% |
| #23 | BTIC ON E-MINI S&P REAL ESTATE SELECT SECTOR INDEX FUTURE SEPT 26 (n/a) - -4.96% | ASML HOLDING NV ADR (ASML) - 0.75% |
| #24 | CASH OFFSET (n/a) - -92.67% | VERTEX PHARMACEUTICALS INC (VRTX) - 0.74% |
| #25 | N/A | CORPAY INC (CPAY) - 0.72% |
| Total Holdings | 24 | 292 |
HFEQ vs TNXT - Historical Returns
Returns include dividend reinvestment.
1M
HFEQ
+3.16%
Winner
TNXT
+7.30%
3M
HFEQ
+3.65%
Winner
TNXT
+5.93%
6M
HFEQ
+6.28%
Winner
TNXT
+20.78%
1Y
HFEQ
+28.85%
TNXT
N/A
Max(CAGR)
Winner
HFEQ
+30.77%
TNXT
+29.60%
HFEQ vs TNXT - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | HFEQ | TNXT |
|---|---|---|
| 2026 | +15.94% | +16.08% |
| 2025 | +14.87% | N/A |
HFEQ vs TNXT Drawdown Comparison
The maximum drawdown for HFEQ was -12.46%, occurring on Mar 30, 2026. Recovery took 49 trading sessions.
The maximum drawdown for TNXT was -12.97%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The current HFEQ drawdown is -2.33%.
| Rank | HFEQ | TNXT |
|---|---|---|
| #1 | -12.46% Feb 25, 2026 - May 6, 2026 | -12.97% Jan 29, 2026 - Apr 15, 2026 |
| #2 | -10.71% Oct 27, 2025 - Jan 5, 2026 | -6.43% Jun 1, 2026 - Jun 30, 2026 |
| #3 | -7.12% Oct 6, 2025 - Oct 24, 2025 | -5.91% Jul 9, 2026 - Aug 4, 2026 |
| #4 | -5.51% Jun 30, 2026 - Aug 4, 2026 | -3.00% May 14, 2026 - May 26, 2026 |
| #5 | -5.24% May 6, 2026 - May 26, 2026 | -1.60% Aug 13, 2026 - Aug 27, 2026 |
| #6 | -4.42% Jun 4, 2026 - Jun 15, 2026 | -1.31% Apr 24, 2026 - May 1, 2026 |
| #7 | -3.02% Aug 13, 2026 - Aug 20, 2026 | -1.19% Apr 17, 2026 - Apr 24, 2026 |
| #8 | -2.72% Jul 23, 2025 - Aug 8, 2025 | -1.10% Jul 6, 2026 - Jul 9, 2026 |
| #9 | -2.50% Jun 22, 2026 - Jun 30, 2026 | -0.98% Jun 30, 2026 - Jul 6, 2026 |
| #10 | -2.36% Feb 20, 2026 - Feb 25, 2026 | -0.65% May 11, 2026 - May 13, 2026 |
| #11 | -2.20% Jan 28, 2026 - Feb 6, 2026 | -0.61% May 6, 2026 - May 8, 2026 |
| #12 | -2.15% Aug 22, 2025 - Sep 9, 2025 | -0.57% Aug 4, 2026 - Aug 7, 2026 |
| #13 | -2.12% Feb 11, 2026 - Feb 20, 2026 | -0.40% Aug 7, 2026 - Aug 12, 2026 |
| #14 | -2.10% Jan 12, 2026 - Jan 22, 2026 | -0.29% May 28, 2026 - Jun 1, 2026 |
| #15 | -1.81% Aug 13, 2025 - Aug 22, 2025 | N/A |
Correlation
Correlation between HFEQ and TNXT is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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