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 7 ETFs in the Multistrategy category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 0.25% | 43.96M | Aug 2024 | HFND vs TOAK | |
| Harbor Alpha Layering ETF | 0.70% | 8.19M | Aug 2025 | HFND vs HOLD | |
| SEI DBi Multi-Strategy Alternative ETF | 0.80% | 191.55M | Sep 2025 | HFND vs QALT | |
| Return Stacked Bonds & Futures Yield ETF | 0.98% | 91.83M | Aug 2024 | HFND vs RSBY | |
| iShares Systematic Alternatives Active ETF | 0.99% | 4.72B | Dec 2025 | HFND vs IALT |
Best Risk-Adjusted Alternatives to HFND
HFND has a PortfoliosLab risk / return rank of 64. There are 2 ETFs in the Multistrategy category with higher risk-adjusted ranks, going as high as 84.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | 84 | 11.67M | Dec 2024 | HFND vs FARX | |
| DGA Core Plus Absolute Return ETF | 69 | 19.61M | Aug 2023 | HFND vs HF | |
| Twin Oak Short Horizon Absolute Return ETF | 52 | 43.96M | Aug 2024 | HFND vs TOAK | |
| Return Stacked Bonds & Futures Yield ETF | 40 | 91.83M | Aug 2024 | HFND vs RSBY | |
| Simplify Multi-Qis Alternative ETF | 1 | 41.28M | Jul 2023 | HFND vs QIS |
Top Performing HFND Alternatives (YTD)
HFND is at 8.16% YTD. There are 2 ETFs in the Multistrategy category with higher YTD returns, going as high as 18.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Futures Yield ETF | 18.82% | 91.83M | Aug 2024 | HFND vs RSBY | |
| iShares Systematic Alternatives Active ETF | 12.03% | 4.72B | Dec 2025 | HFND vs IALT | |
| Frontier Asset Absolute Return ETF | 7.40% | 11.67M | Dec 2024 | HFND vs FARX | |
| SEI DBi Multi-Strategy Alternative ETF | 6.57% | 191.55M | Sep 2025 | HFND vs QALT | |
| Harbor Alpha Layering ETF | 6.36% | 8.19M | Aug 2025 | HFND vs HOLD |
Lowest Volatility Alternatives to HFND
HFND has 9.82% 1-year volatility. There are 4 ETFs in the Multistrategy category with lower 1-year volatility, going as low as 2.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Twin Oak Short Horizon Absolute Return ETF | 2.91% | 43.96M | Aug 2024 | HFND vs TOAK | |
| DGA Core Plus Absolute Return ETF | 5.69% | 19.61M | Aug 2023 | HFND vs HF | |
| Frontier Asset Absolute Return ETF | 7.28% | 11.67M | Dec 2024 | HFND vs FARX | |
| iShares Systematic Alternatives Active ETF | 7.80% | 4.72B | Dec 2025 | HFND vs IALT | |
| Return Stacked Bonds & Futures Yield ETF | 11.32% | 91.83M | Aug 2024 | HFND vs RSBY |
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 | -2.80% | 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% | 91.83M | Aug 2024 | HFND vs RSBY | |
| Simplify Multi-Qis Alternative ETF | -55.12% | 41.28M | Jul 2023 | HFND vs QIS |
Other ETFs from Tidal ETFs
The 3 most viewed Tidal ETFs ETFs shown here include GRNY, YALL, TFPN and span 2 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 | 40 | 9.17% | 3.61B | Nov 2024 | HFND vs GRNY | |
| God Bless America ETF | Large Cap Blend Equities | 12 | -3.05% | 101.04M | Oct 2022 | HFND vs YALL | |
| Blueprint Chesapeake Multi-Asset Trend ETF | Global Allocation | 90 | 25.19% | 163.81M | Jul 2023 | HFND vs TFPN |
Often Compared With HFND
Investors most often compare HFND with DBMF, ARB, MAFIX. These 20 comparison targets span 18 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