- Issuer
- Unlimited
- Inception Date
- Jul 14, 2025
- Category
- Systematic Trend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7M
Highlights
- Avg. Volume (1M)
- 5K
- Avg. Volume Value (1M)
- $119.38K
Share Price Chart
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Performance
HFMF Performance Chart
Unlimited HFMF Managed Futures ETF (HFMF) is up 3.4% since the beginning of the year. HFMF is currently trading at $21 per share.
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Returns By Period
Unlimited HFMF Managed Futures ETF (HFMF) has returned 3.42% so far this year and 10.42% over the past 12 months.
Unlimited HFMF Managed Futures ETF
- 1D
- -0.22%
- 1M
- 1.45%
- 6M
- -5.24%
- YTD
- 3.42%
- 1Y
- 10.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.55%
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%
HFMF Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 2025, HFMF's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 54% of months were positive and 46% were negative. The best month was Jan 2026 with a return of +9.1%, while the worst month was Jun 2026 at -4.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HFMF closed higher 53% of trading days. The best single day was Feb 6, 2026 with a return of +3.9%, while the worst single day was Jan 30, 2026 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.14% | 4.15% | -1.69% | -1.18% | -2.62% | -3.99% | 0.17% | 3.42% | |||||
| 2025 | -0.40% | 3.64% | 1.94% | 0.30% | -0.44% | 1.19% | 6.34% |
Benchmark Metrics
Unlimited HFMF Managed Futures ETF has an annualized alpha of 1.72%, beta of 0.49, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since July 15, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (34.83%) than losses (5.24%) - typical of diversified or defensive assets.
- Beta of 0.49 may look defensive, but with R2 of 0.15 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 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.72%
- Beta
- 0.49
- R²
- 0.15
- Upside Capture
- 34.83%
- Downside Capture
- 5.24%
Expense Ratio
HFMF has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFMF ranks 26 for risk / return — above 26% 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 HFMF Managed Futures ETF (HFMF) 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.
| HFMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.00 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.66 | 8.49 | -6.83 |
Dividends
Dividend History
Unlimited HFMF Managed Futures ETF provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.62 | $0.62 |
Dividend yield | 2.87% | 2.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Unlimited HFMF Managed Futures 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 | $0.62 | $0.62 |
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 HFMF Managed Futures 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 HFMF Managed Futures ETF was 14.69%, occurring on Jul 2, 2026. The portfolio has not yet recovered.
The current Unlimited HFMF Managed Futures ETF drawdown is 13.45%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.69%Jul 2026 | 3mo 23d | — | 4mo 24dMar 2026 - now | — |
-6.55%Nov 2025 | 1mo | 1mo 3d | 2mo 3dOct 2025 - Dec 2025 | — |
-5.81%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 | — |
-4.73%Oct 2025 | 3d | 10d | 13dOct 2025 - Oct 2025 | — |
-2.99%Dec 2025 | 2d | 5d | 7dDec 2025 - Jan 2026 | — |
Drawdown Indicators
| HFMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -56.78% | +42.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -9.10% | -5.59% |
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 | -13.45% | -1.58% | -11.87% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -10.70% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 2.14% | +4.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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