GXDW vs. HFMF
GXDW (Global X Dorsey Wright Thematic ETF) and HFMF (Unlimited HFMF Managed Futures ETF) are both Systematic Trend funds. GXDW is passively managed, while HFMF is actively managed. At a 0.39 correlation, their price movements are largely independent. GXDW charges 0.50%/yr vs 0.97%/yr for HFMF.
Performance
GXDW vs. HFMF - Performance Comparison
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Returns By Period
In the year-to-date period, GXDW achieves a 23.43% return, which is significantly higher than HFMF's 7.02% return.
GXDW
- 1D
- -1.42%
- 1M
- 4.46%
- YTD
- 23.43%
- 6M
- 17.77%
- 1Y
- 19.75%
- 3Y*
- 6.30%
- 5Y*
- -8.13%
- 10Y*
- —
HFMF
- 1D
- -0.60%
- 1M
- -3.41%
- YTD
- 7.02%
- 6M
- 8.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXDW vs. HFMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | 23.43% | -5.14% |
HFMF Unlimited HFMF Managed Futures ETF | 7.02% | 6.34% |
Correlation
The correlation between GXDW and HFMF is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.39 |
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Return for Risk
GXDW vs. HFMF — Risk / Return Rank
GXDW
HFMF
GXDW vs. HFMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dorsey Wright Thematic ETF (GXDW) and Unlimited HFMF Managed Futures ETF (HFMF). 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.
| GXDW | HFMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | — | — |
| Martin ratioReturn relative to average drawdown | 1.91 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GXDW | HFMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.94 | -0.83 |
Drawdowns
GXDW vs. HFMF - Drawdown Comparison
The maximum GXDW drawdown since its inception was -67.81%, which is greater than HFMF's maximum drawdown of -10.44%. Use the drawdown chart below to compare losses from any high point for GXDW and HFMF.
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Drawdown Indicators
| GXDW | HFMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.81% | -10.44% | -57.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.65% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | — | — |
Current DrawdownCurrent decline from peak | -51.21% | -10.44% | -40.77% |
Average DrawdownAverage peak-to-trough decline | -43.09% | -2.90% | -40.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.36% | — | — |
Volatility
GXDW vs. HFMF - Volatility Comparison
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Volatility by Period
| GXDW | HFMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.56% | 16.76% | +8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.63% | 16.76% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.59% | 16.76% | +12.83% |
GXDW vs. HFMF - Expense Ratio Comparison
GXDW has a 0.50% expense ratio, which is lower than HFMF's 0.97% expense ratio.
Dividends
GXDW vs. HFMF - Dividend Comparison
GXDW's dividend yield for the trailing twelve months is around 1.14%, less than HFMF's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | 1.14% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% |
HFMF Unlimited HFMF Managed Futures ETF | 2.77% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXDW and HFMF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXDW is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXDW is cheaper with a 0.50% expense ratio, compared with 0.97% for HFMF.
HFMF has the higher dividend yield at 2.77%, compared with 1.14% for GXDW.
They also come from different issuers: Global X and Unlimited. Their fees differ too: 0.50% for GXDW and 0.97% for HFMF.
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