GAFYX vs. HFND
Compare and contrast key facts about AlphaSimplex Global Alternatives Fund (GAFYX) and Unlimited HFND Multi-Strategy Return Tracker ETF (HFND).
GAFYX is managed by Natixis Funds. It was launched on Sep 29, 2008. HFND is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAFYX or HFND.
Key characteristics
| GAFYX | HFND | |
|---|---|---|
| YTD Return | 10.78% | 8.81% |
| 1Y Return | 11.95% | 13.37% |
| Sharpe Ratio | 1.75 | 1.62 |
| Sortino Ratio | 2.32 | 2.24 |
| Omega Ratio | 1.33 | 1.29 |
| Calmar Ratio | 1.90 | 2.48 |
| Martin Ratio | 8.57 | 8.80 |
| Ulcer Index | 1.36% | 1.53% |
| Daily Std Dev | 6.64% | 8.29% |
| Max Drawdown | -21.09% | -6.96% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GAFYX and HFND is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GAFYX vs. HFND - Performance Comparison
In the year-to-date period, GAFYX achieves a 10.78% return, which is significantly higher than HFND's 8.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GAFYX vs. HFND - Expense Ratio Comparison
GAFYX has a 1.24% expense ratio, which is higher than HFND's 1.22% expense ratio.
Risk-Adjusted Performance
GAFYX vs. HFND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Global Alternatives Fund (GAFYX) and Unlimited HFND Multi-Strategy Return Tracker ETF (HFND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GAFYX vs. HFND - Dividend Comparison
GAFYX's dividend yield for the trailing twelve months is around 4.56%, more than HFND's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAFYX AlphaSimplex Global Alternatives Fund | 4.56% | 5.24% | 9.57% | 0.00% | 2.57% | 1.15% | 1.37% | 0.75% | 0.00% | 0.00% | 0.00% | 0.59% |
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.30% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GAFYX vs. HFND - Drawdown Comparison
The maximum GAFYX drawdown since its inception was -21.09%, which is greater than HFND's maximum drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for GAFYX and HFND. For additional features, visit the drawdowns tool.
Volatility
GAFYX vs. HFND - Volatility Comparison
The current volatility for AlphaSimplex Global Alternatives Fund (GAFYX) is 1.94%, while Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has a volatility of 2.75%. This indicates that GAFYX experiences smaller price fluctuations and is considered to be less risky than HFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.