Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) belongs to the Multistrategy category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HFND. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HFND
HFND charges 1.22% annually. There are 11 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Tax Aware Diversified Income Strategy ETF | 0.15% | 2.50M | May 2026 | HFND vs DINE | |
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | HFND vs TOAK | |
| Milliman Healthcare Inflation Guard ETF | 0.55% | 988.51K | Apr 2026 | HFND vs MHIG | |
| Harbor Alpha Layering ETF | 0.70% | 8.03M | Aug 2025 | HFND vs HOLD | |
| Simplify VettaFi Private Credit Strategy ETF | 0.76% | 2.34M | Sep 2025 | HFND vs PCR |
Best Risk-Adjusted Alternatives to HFND
HFND has a PortfoliosLab risk / return rank of 70. There are 2 ETFs in the Multistrategy category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 93 | 11.67M | Dec 2024 | HFND vs FARX | |
| DGA Core Plus Absolute Return ETF | 77 | 19.61M | Aug 2023 | HFND vs HF | |
| Twin Oak Short Horizon Absolute Return ETF | 58 | 43.96M | Aug 2024 | HFND vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 38 | 58.39M | Aug 2024 | HFND vs RSBY | |
| Simplify Multi-Qis Alternative ETF | 0 | 38.40M | Jul 2023 | HFND vs QIS |
Top Performing HFND Alternatives (YTD)
HFND is at 8.07% YTD. There are 3 ETFs in the Multistrategy category with higher YTD returns, going as high as 14.92%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 14.92% | 58.39M | Aug 2024 | HFND vs RSBY | |
| iShares Systematic Alternatives Active ETF | 13.85% | 5.32B | Dec 2025 | HFND vs IALT | |
| Frontier Asset Absolute Return ETF | 8.63% | 11.67M | Dec 2024 | HFND vs FARX | |
| SEI DBi Multi-Strategy Alternative ETF | 6.99% | 191.55M | Sep 2025 | HFND vs QALT | |
| DGA Core Plus Absolute Return ETF | 6.67% | 19.61M | Aug 2023 | HFND vs HF |
Lowest Volatility Alternatives to HFND
HFND has 10.04% 1-year volatility. There are 6 ETFs in the Multistrategy category with lower 1-year volatility, going as low as 3.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 3.13% | 43.96M | Aug 2024 | HFND vs TOAK | |
| Simplify Tax Aware Diversified Income Strategy ETF | 4.37% | 2.50M | May 2026 | HFND vs DINE | |
| DGA Core Plus Absolute Return ETF | 5.80% | 19.61M | Aug 2023 | HFND vs HF | |
| Frontier Asset Absolute Return ETF | 7.35% | 11.67M | Dec 2024 | HFND vs FARX | |
| Milliman Healthcare Inflation Guard ETF | 7.35% | 988.51K | Apr 2026 | HFND vs MHIG |
Lowest Drawdown Alternatives to HFND
HFND has a 1-year max drawdown of -4.94%. There are 3 ETFs in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -1.81%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | -1.81% | 43.96M | Aug 2024 | HFND vs TOAK | |
| Frontier Asset Absolute Return ETF | -2.99% | 11.67M | Dec 2024 | HFND vs FARX | |
| DGA Core Plus Absolute Return ETF | -3.14% | 19.61M | Aug 2023 | HFND vs HF | |
| Return Stacked Bonds & Futures Yield ETF | -7.95% | 58.39M | Aug 2024 | HFND vs RSBY | |
| Simplify Multi-Qis Alternative ETF | -54.47% | 38.40M | Jul 2023 | HFND vs QIS |
Other ETFs from Tidal
The 10 most viewed Tidal ETFs shown here include GRNY, NANC, BOAT and span 8 categories. AUM among these funds goes as high as $4B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fundstrat Granny Shots U.S. Large Cap ETF | Large Cap Blend Equities | 42 | 10.71% | 3.61B | Nov 2024 | HFND vs GRNY | |
| Unusual Whales Subversive Democratic Trading ETF | Large Cap Blend Equities | 59 | 11.53% | 265.74M | Feb 2023 | HFND vs NANC | |
| SonicShares Global Shipping ETF | Industrials Equities, Global Equities | 93 | 45.07% | 82.19M | Aug 2021 | HFND vs BOAT | |
| UPAR Ultra Risk Parity ETF | Diversified Portfolio | 40 | 3.36% | 58.82M | Jan 2022 | HFND vs UPAR | |
| God Bless America ETF | Large Cap Blend Equities | 14 | -2.41% | 101.04M | Oct 2022 | HFND vs YALL | |
| Fundstrat Granny Shots US Large Cap & Income ETF | Derivative Income | — | 8.70% | 51.03M | Nov 2025 | HFND vs GRNI | |
| Blueprint Chesapeake Multi-Asset Trend ETF | Global Allocation | 71 | 15.41% | 163.81M | Jul 2023 | HFND vs TFPN | |
| Peerless Option Income Wheel ETF | Derivative Income | 87 | 6.88% | 21.33M | May 2024 | HFND vs WEEL | |
| Even Herd Long Short ETF | Long-Short | 39 | 10.36% | 59.50M | Apr 2024 | HFND vs EHLS | |
| YieldMax JPM Option Income Strategy ETF | Options Trading | 36 | 8.94% | 51.23M | Sep 2023 | HFND vs JPO |
Often Compared With HFND
Investors most often compare HFND with DBMF, ARB, MAFIX. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare HFND with Any Fund or Stock
Compare HFND with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HFND with funds that move differently
Unlimited HFND Multi-Strategy Return Tracker ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HFND.
Explore HFND Diversifiers