- ISIN
- US8863643636
- CUSIP
- 886364363
- Issuer
- Unlimited
- Inception Date
- Apr 14, 2025
- Category
- Macro Trading
- 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
Share Price Chart
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Performance
HFGM Performance Chart
Unlimited HFGM Global Macro ETF (HFGM) is up 16.7% since the beginning of the year. HFGM is currently trading at $34 per share.
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Returns By Period
Unlimited HFGM Global Macro ETF (HFGM) has returned 16.71% so far this year and 41.36% over the past 12 months.
Unlimited HFGM Global Macro ETF
- 1D
- 0.64%
- 1M
- 1.43%
- YTD
- 16.71%
- 6M
- 15.94%
- 1Y
- 41.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
HFGM Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2025, HFGM's average daily return is +0.15%, while the average monthly return is +2.72%. At this rate, an investment would double in approximately 2.2 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jan 2026 with a return of +12.4%, while the worst month was Mar 2026 at -5.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, HFGM closed higher 58% 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% | 1.36% | 16.71% | ||||||
| 2025 | 1.27% | 2.03% | 3.81% | 1.27% | 8.76% | 6.09% | 2.67% | -1.03% | -0.57% | 26.63% |
Benchmark Metrics
Unlimited HFGM Global Macro ETF has an annualized alpha of 7.41%, beta of 0.95, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since April 16, 2025.
- This ETF captured 100.63% of S&P 500 Index gains but only 29.42% of its losses - a favorable profile for investors.
- R2 of 0.32 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
- 7.41%
- Beta
- 0.95
- R²
- 0.32
- Upside Capture
- 100.63%
- Downside Capture
- 29.42%
Expense Ratio
HFGM has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFGM ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Unlimited HFGM Global Macro ETF (HFGM) and compare them to S&P 500 Index.
| HFGM | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 2.39 | -0.55 |
Sortino ratioReturn per unit of downside risk | 2.42 | 3.25 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.88 | 3.11 | +0.77 |
Martin ratioReturn relative to average drawdown | 10.48 | 14.38 | -3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Unlimited HFGM Global Macro ETF provided a 9.63% 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 | 9.63% | 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 | ||||||
| 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 10.66%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Unlimited HFGM Global Macro ETF drawdown is 3.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -10.66%Mar 2026 | 19d | — | 2mo 25dMar 2026 - now |
2025 correction2025 | -10.16%Nov 2025 | 1mo | 1mo 17d | 2mo 17dOct 2025 - Jan 2026 |
2026 pullback2026 | -8.72%Feb 2026 | 6d | 1mo 3d | 1mo 9dJan 2026 - Mar 2026 |
2025 pullback2025 | -7.06%Oct 2025 | 3d | 6d | 9dOct 2025 - Oct 2025 |
2025 pullback2025 | -3.14%Aug 2025 | 8d | 6d | 14dJul 2025 - Aug 2025 |
Drawdown Indicators
| HFGM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.66% | -56.78% | +46.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -9.10% | -1.56% |
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 | -3.83% | 0.00% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -10.72% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 1.97% | +1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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