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HFEQ vs NOEQ

Unlimited HFEQ Equity Long/Short ETF vs Northern Trust Us Equity Etf

HFEQ

Unlimited HFEQ Equity Long/Short ETF

Unlimited

Annual cost

0.96%

Fund size

$19M

NOEQ

NORTHERN TRUST US EQUITY ETF

Northern Trust

Annual cost

0.12%

Fund size

$833M

Key differences

  • NOEQ costs 0.84% less per year.
  • NOEQ is significantly larger than HFEQ — larger funds tend to be more liquid and less likely to close.
  • HFEQ is classified as alternative, while NOEQ is equity — different risk/return profiles.
  • HFEQ follows a long short strategy; NOEQ uses index tracking.

Side-by-side comparison

HFEQNOEQ
Annual cost (TER)0.96%0.12%
Fund size (AUM)$19M$833M
Since20252026
Dividend yield
Asset classalternativeequity
Regionnorth americanorth america
Strategylong shortindex tracking
CAGR 1YN/AN/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y
Max drawdown-12.45%-2.99%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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