Windows 11 already includes built-in security through Microsoft Defender Antivirus, Windows Firewall, and SmartScreen, so no, you do not need an additional third-party security suite, let alone both McAfee and HP Wolf Security.
Running multiple security products can create unnecessary background processes, duplicate alerts, and possible conflicts. For most home users, the simplest option is to uninstall McAfee, especially if it is only a trial, and allow Microsoft Defender to remain active. HP Wolf Security can also be removed unless you specifically want its additional HP security features or the computer is managed by an employer.