- ISIN
- US8863644394
- Issuer
- Tidal
- 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
Highlights
- Avg. Volume (1M)
- 14K
- Avg. Volume Value (1M)
- $339.51K
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
HFND Performance Chart
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is up 7.4% since the beginning of the year. HFND is currently trading at $24 per share.
Loading charts...
Compare this symbol against anything
Returns By Period
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has returned 7.36% so far this year and 14.50% over the past 12 months.
Unlimited HFND Multi-Strategy Return Tracker ETF
- 1D
- -0.16%
- 1M
- -0.78%
- 6M
- 3.29%
- YTD
- 7.36%
- 1Y
- 14.50%
- 3Y*
- 8.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.05%
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%
HFND Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2022, HFND's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 59% of months were positive and 41% 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% | 0.63% | -1.32% | 7.36% | |||||
| 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 -1.48%, beta of 0.47, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since October 11, 2022.
- This ETF participated in 59.04% 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
- -1.48%
- Beta
- 0.47
- R²
- 0.61
- Upside Capture
- 40.14%
- Downside Capture
- 59.04%
Expense Ratio
HFND has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFND ranks 64 for risk / return — above 64% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return 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 | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.00 | +0.76 |
| Martin ratioReturn relative to average drawdown | 9.47 | 8.49 | +0.98 |
Dividends
Dividend History
Unlimited HFND Multi-Strategy Return Tracker ETF provided a 4.73% 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 | 4.73% | 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 | $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.
Loading charts...
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.
The current Unlimited HFND Multi-Strategy Return Tracker ETF drawdown is 2.02%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.31%Apr 2025 | 1mo 17d | 3mo 16d | 5mo 3dFeb 2025 - Jul 2025 | 2025 selloff2025 |
-6.96%Oct 2023 | 8mo 26d | 3mo 21d | 1y 12dFeb 2023 - Feb 2024 | — |
-5.43%Aug 2024 | 20d | 1mo 19d | 2mo 9dJul 2024 - Sep 2024 | — |
-4.94%Mar 2026 | 22d | 28d | 1mo 20dFeb 2026 - Apr 2026 | — |
-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 | -2.02% | -1.58% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -10.70% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.14% | -0.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with HFND
Add Unlimited HFND Multi-Strategy Return Tracker ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with HFND