- ISIN
- US8863644394
- Issuer
- Tidal ETFs
- Inception Date
- Oct 10, 2022
- Category
- Multistrategy
- 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
- $34M
Share Price Chart
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Performance
HFND Performance Chart
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is up 9.6% since the beginning of the year. HFND is currently trading at $25 per share.
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Returns By Period
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has returned 9.58% so far this year and 19.64% over the past 12 months.
Unlimited HFND Multi-Strategy Return Tracker ETF
- 1D
- 0.11%
- 1M
- 2.04%
- YTD
- 9.58%
- 6M
- 9.63%
- 1Y
- 19.64%
- 3Y*
- 10.19%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HFND Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2022, HFND's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2026 with a return of +3.9%, while the worst month was Apr 2024 at -3.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HFND closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.94% | 1.95% | -2.87% | 3.83% | 1.16% | 1.35% | 9.58% | ||||||
| 2025 | 2.01% | -0.55% | -3.11% | -1.64% | 2.32% | 3.16% | 0.89% | 2.24% | 3.11% | 1.91% | -1.06% | -0.48% | 8.93% |
| 2024 | -0.02% | 1.51% | 3.38% | -3.25% | 2.31% | 0.64% | 1.72% | -0.30% | 1.37% | -0.38% | 2.47% | -1.22% | 8.34% |
| 2023 | 3.64% | -2.32% | -1.21% | 0.25% | -2.32% | 3.35% | 2.22% | -2.23% | -1.82% | -1.77% | 3.16% | 2.93% | 3.58% |
| 2022 | 1.79% | 2.51% | -1.98% | 2.28% |
Benchmark Metrics
Unlimited HFND Multi-Strategy Return Tracker ETF has an annualized alpha of -0.90%, beta of 0.47, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since October 11, 2022.
- This ETF participated in 54.11% of S&P 500 Index downside but only 40.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.90%
- Beta
- 0.47
- R²
- 0.60
- Upside Capture
- 40.14%
- Downside Capture
- 54.11%
Expense Ratio
HFND has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFND ranks 70 for risk / return — better than 70% 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 Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) 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.
| HFND | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.78 | +1.21 |
| Martin ratioReturn relative to average drawdown | 14.60 | 12.44 | +2.16 |
Dividends
Dividend History
Unlimited HFND Multi-Strategy Return Tracker ETF provided a 4.64% dividend yield over the last twelve months, with an annual payout of $1.15 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.15 | $1.15 | $0.80 | $0.29 | $0.09 |
Dividend yield | 4.64% | 5.08% | 3.70% | 1.41% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Unlimited HFND Multi-Strategy Return Tracker 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 | $1.15 | $1.15 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2022 | $0.09 | $0.09 |
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 HFND Multi-Strategy Return Tracker 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 HFND Multi-Strategy Return Tracker ETF was 13.31%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -13.31%Apr 2025 | 1mo 17d | 3mo 16d | 5mo 3dFeb 2025 - Jul 2025 |
2023 pullback2023 | -6.96%Oct 2023 | 8mo 26d | 3mo 21d | 1y 12dFeb 2023 - Feb 2024 |
2024 pullback2024 | -5.43%Aug 2024 | 20d | 1mo 19d | 2mo 9dJul 2024 - Sep 2024 |
2026 pullback2026 | -4.94%Mar 2026 | 22d | 28d | 1mo 20dFeb 2026 - Apr 2026 |
2025 pullback2025 | -4.18%Jan 2025 | 1mo 4d | 25d | 1mo 29dDec 2024 - Feb 2025 |
Drawdown Indicators
| HFND | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -56.78% | +43.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -9.10% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | -18.90% | +5.59% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -10.71% | +8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 2.03% | -0.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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