- Issuer
- Days Global Advisors
- Inception Date
- Aug 2, 2023
- Region
- Global (Broad)
- Category
- Multistrategy
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Assets Under Management
- $20M
Share Price Chart
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Performance
HF Performance Chart
DGA Core Plus Absolute Return ETF (HF) is up 4.6% since the beginning of the year. HF is currently trading at $22 per share.
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Returns By Period
DGA Core Plus Absolute Return ETF (HF) has returned 4.63% so far this year and 9.60% over the past 12 months.
DGA Core Plus Absolute Return ETF
- 1D
- 0.11%
- 1M
- -0.49%
- YTD
- 4.63%
- 6M
- 3.98%
- 1Y
- 9.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.05%
- 1M
- -2.21%
- YTD
- 7.43%
- 6M
- 6.12%
- 1Y
- 19.75%
- 3Y*
- 18.87%
- 5Y*
- 11.43%
- 10Y*
- 13.70%
HF Monthly Returns History
Based on dividend-adjusted daily data since Aug 3, 2023, HF's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 69% of months were positive and 31% were negative. The best month was Feb 2024 with a return of +5.6%, while the worst month was Apr 2024 at -2.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HF closed higher 55% of trading days. The best single day was Feb 22, 2024 with a return of +2.5%, while the worst single day was Feb 13, 2024 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.60% | 0.23% | -1.76% | 3.26% | 1.97% | -0.67% | 4.63% | ||||||
| 2025 | 0.81% | -1.40% | -0.03% | -0.44% | -1.24% | 2.60% | 1.05% | 0.66% | 1.35% | 0.55% | 0.24% | 0.22% | 4.38% |
| 2024 | 0.14% | 5.56% | 1.79% | -2.41% | 2.51% | 1.85% | 1.02% | 1.12% | 0.17% | -0.35% | 0.05% | -2.04% | 9.55% |
| 2023 | -1.38% | -1.87% | 1.03% | 5.04% | 2.86% | 5.64% |
Benchmark Metrics
DGA Core Plus Absolute Return ETF has an annualized alpha of 4.15%, beta of 0.24, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since August 03, 2023.
- This ETF participated in 37.33% of S&P 500 Index downside but only 37.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.31 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.15%
- Beta
- 0.24
- R²
- 0.31
- Upside Capture
- 37.03%
- Downside Capture
- 37.33%
Expense Ratio
HF has a high expense ratio of 1.70%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HF ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DGA Core Plus Absolute Return ETF (HF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.18 | +0.89 |
| Martin ratioReturn relative to average drawdown | 10.65 | 9.54 | +1.11 |
Dividends
Dividend History
DGA Core Plus Absolute Return ETF provided a 0.90% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $2.28 | $0.51 |
Dividend yield | 0.90% | 0.94% | 11.18% | 2.49% |
Monthly Dividends
The table displays the monthly dividend distributions for DGA Core Plus Absolute Return ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.28 | $2.28 |
| 2023 | $0.51 | $0.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DGA Core Plus Absolute Return ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DGA Core Plus Absolute Return ETF was 5.94%, occurring on Mar 13, 2025. Recovery took 141 trading sessions.
The current DGA Core Plus Absolute Return ETF drawdown is 1.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -5.94%Mar 2025 | 4mo 29d | 6mo 24d | 11mo 23dOct 2024 - Oct 2025 |
2023 pullback2023 | -4.35%Oct 2023 | 2mo 1d | 1mo 8d | 3mo 9dAug 2023 - Nov 2023 |
2024 pullback2024 | -3.89%Aug 2024 | 21d | 1mo 18d | 2mo 9dJul 2024 - Sep 2024 |
2026 pullback2026 | -3.14%Mar 2026 | 1mo 29d | 1mo 1d | 3moJan 2026 - Apr 2026 |
2024 pullback2024 | -3.08%Apr 2024 | 18d | 26d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| HF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.94% | -56.78% | +50.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -9.10% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.40% | -3.36% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.71% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.07% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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