Unlimited HFGM Global Macro ETF (HFGM) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HFGM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HFGM
HFGM charges 0.95% annually. There are 10 ETFs in the Long-Short category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Flexible Equity Active ETF | 0.40% | 1.61B | May 2026 | HFGM vs BFLX | |
| Aptus International Enhanced Yield ETF | 0.45% | 490.37M | Jul 2021 | HFGM vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | 515.52M | Jul 2009 | HFGM vs CSM | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | HFGM vs ATTR | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | 1.04B | Dec 2019 | HFGM vs FLSP |
Best Risk-Adjusted Alternatives to HFGM
HFGM has a PortfoliosLab risk / return rank of 39. There are 14 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | HFGM vs CLSE | |
| Franklin Liberty Systematic Style Premia ETF | 88 | 1.04B | Dec 2019 | HFGM vs FLSP | |
| NYLI Hedge Multi-Strategy Tracker ETF | 83 | 1.02B | Mar 2009 | HFGM vs QAI | |
| ProShares Hedge Replication | 80 | 22.00M | Jul 2011 | HFGM vs HDG | |
| Aptus International Enhanced Yield ETF | 78 | 490.37M | Jul 2021 | HFGM vs IDUB |
Top Performing HFGM Alternatives (YTD)
HFGM is at 5.58% YTD. There are 18 ETFs in the Long-Short category with higher YTD returns, going as high as 24.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 24.37% | 447.61M | Dec 2009 | HFGM vs CLSE | |
| Harbor Long-Short Equity ETF | 23.37% | 15.30M | Dec 2023 | HFGM vs LSEQ | |
| Aptus International Enhanced Yield ETF | 15.21% | 490.37M | Jul 2021 | HFGM vs IDUB | |
| Efficient Market Portfolio Plus ETF | 14.62% | — | Dec 2024 | HFGM vs EMPB | |
| Militia Long/Short Equity ETF | 13.55% | 138.61M | Jan 2025 | HFGM vs ORR |
Lowest Volatility Alternatives to HFGM
HFGM has 23.52% 1-year volatility. There are 26 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.30% | — | Oct 2025 | HFGM vs ATTR | |
| ProShares Hedge Replication | 6.41% | 22.00M | Jul 2011 | HFGM vs HDG | |
| Federated Hermes MDT Market Neutral ETF | 6.65% | 106.80M | Sep 2025 | HFGM vs MKTN | |
| NYLI Hedge Multi-Strategy Tracker ETF | 6.85% | 1.02B | Mar 2009 | HFGM vs QAI | |
| AltShares Event-Driven ETF | 7.57% | 8.62M | Dec 2014 | HFGM vs EVNT |
Lowest Drawdown Alternatives to HFGM
HFGM has a 1-year max drawdown of -15.09%. There are 17 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -3.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | HFGM vs EVNT | |
| NYLI Hedge Multi-Strategy Tracker ETF | -3.71% | 1.02B | Mar 2009 | HFGM vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.49B | Sep 2014 | HFGM vs FTLS | |
| ProShares Hedge Replication | -3.97% | 22.00M | Jul 2011 | HFGM vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | -4.03% | 1.04B | Dec 2019 | HFGM vs FLSP |
Other ETFs from Unlimited
The 2 most viewed Unlimited ETFs shown here include HFEQ, HFMF and span 2 categories. AUM among these funds goes as high as $25M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Unlimited HFEQ Equity Long/Short ETF | Long-Short | — | — | 24.78M | Jul 2025 | HFGM vs HFEQ | |
| Unlimited HFMF Managed Futures ETF | Systematic Trend | 25 | 3.42% | 6.90M | Jul 2025 | HFGM vs HFMF |
Often Compared With HFGM
Investors most often compare HFGM with VOO, JDJIX, HFND. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare HFGM with Any Fund or Stock
Compare HFGM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HFGM with funds that move differently
Unlimited HFGM Global Macro ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HFGM.
Explore HFGM Diversifiers