It’s not.

HoCs don’t add nesting. If they do, you’re doing it wrong.

React <15 (2yrs old), did nudge you in the direction of div-itis, because all components that rendered something had to render a single root element. The more recent versions did away with that constraint. HoCs don’t even need to return markup; they’re functions which return functions. The general expectation should be that an HoC behaves like a factory for the components it wraps.