- ISIN
- US8863643636
- CUSIP
- 886364363
- Issuer
- Unlimited
- Inception Date
- Apr 14, 2025
- Category
- Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $68M
Highlights
- Avg. Volume (1M)
- 38K
- Avg. Volume Value (1M)
- $1.17M
Share Price Chart
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Performance
HFGM Performance Chart
Unlimited HFGM Global Macro ETF (HFGM) is up 5.6% since the beginning of the year. HFGM is currently trading at $30 per share.
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Returns By Period
Unlimited HFGM Global Macro ETF (HFGM) has returned 5.58% so far this year and 23.69% over the past 12 months.
Unlimited HFGM Global Macro ETF
- 1D
- 0.00%
- 1M
- 1.35%
- 6M
- -6.05%
- YTD
- 5.58%
- 1Y
- 23.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.39%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HFGM Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2025, HFGM's average daily return is +0.10%, while the average monthly return is +1.95%. At this rate, an investment would double in approximately 3.0 years.
Historically, 63% of months were positive and 38% were negative. The best month was Jan 2026 with a return of +12.4%, while the worst month was Jun 2026 at -8.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HFGM closed higher 55% of trading days. The best single day was Feb 6, 2026 with a return of +5.0%, while the worst single day was Jan 30, 2026 at -6.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.38% | 4.17% | -5.04% | 3.88% | -0.29% | -8.04% | -0.30% | 5.58% | |||||
| 2025 | 1.47% | 2.03% | 3.81% | 1.27% | 8.76% | 6.09% | 2.67% | -1.03% | -0.57% | 26.88% |
Benchmark Metrics
Unlimited HFGM Global Macro ETF has an annualized alpha of 0.10%, beta of 0.95, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since April 15, 2025.
- This ETF participated in 135.88% of S&P 500 Index downside but only 98.84% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.34 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
- 0.10%
- Beta
- 0.95
- R²
- 0.34
- Upside Capture
- 98.84%
- Downside Capture
- 135.88%
Expense Ratio
HFGM has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFGM ranks 39 for risk / return — above 39% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Unlimited HFGM Global Macro ETF (HFGM) 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.
| HFGM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.00 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.83 | 8.49 | -4.67 |
Dividends
Dividend History
Unlimited HFGM Global Macro ETF provided a 10.64% dividend yield over the last twelve months, with an annual payout of $3.24 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $3.24 | $3.24 |
Dividend yield | 10.64% | 11.23% |
Monthly Dividends
The table displays the monthly dividend distributions for Unlimited HFGM Global Macro 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 | $0.00 | |||||
| 2025 | $3.24 | $3.24 |
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 Unlimited HFGM Global Macro 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 Unlimited HFGM Global Macro ETF was 15.09%, occurring on Jun 24, 2026. The portfolio has not yet recovered.
The current Unlimited HFGM Global Macro ETF drawdown is 13.00%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.09%Jun 2026 | 3mo 15d | — | 4mo 25dMar 2026 - now | — |
-10.16%Nov 2025 | 1mo | 1mo 17d | 2mo 17dOct 2025 - Jan 2026 | — |
-8.72%Feb 2026 | 6d | 1mo 3d | 1mo 9dJan 2026 - Mar 2026 | — |
-7.06%Oct 2025 | 3d | 6d | 9dOct 2025 - Oct 2025 | — |
-3.14%Aug 2025 | 8d | 6d | 14dJul 2025 - Aug 2025 | — |
Drawdown Indicators
| HFGM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.09% | -56.78% | +41.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -9.10% | -5.99% |
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 | -13.00% | -1.58% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -10.70% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 2.14% | +3.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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