HFGM vs. BABA
HFGM (Unlimited HFGM Global Macro ETF) is Macro Trading fund actively managed by Unlimited, while BABA (Alibaba Group Holding Limited) is a stock. Over the past year, HFGM returned 25.46% vs -16.24% for BABA. At a 0.32 correlation, their price movements are largely independent.
Performance
HFGM vs. BABA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HFGM achieves a 4.89% return, which is significantly higher than BABA's -34.55% return.
HFGM
- 1D
- 1.78%
- 1M
- -10.64%
- YTD
- 4.89%
- 6M
- 2.22%
- 1Y
- 25.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABA
- 1D
- -4.74%
- 1M
- -25.90%
- YTD
- -34.55%
- 6M
- -36.06%
- 1Y
- -16.24%
- 3Y*
- 5.73%
- 5Y*
- -15.06%
- 10Y*
- 3.13%
HFGM vs. BABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFGM Unlimited HFGM Global Macro ETF | 4.89% | 26.88% |
BABA Alibaba Group Holding Limited | -34.55% | 30.79% |
Correlation
The correlation between HFGM and BABA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HFGM vs. BABA — Risk / Return Rank
HFGM
BABA
HFGM vs. BABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFGM Global Macro ETF (HFGM) and Alibaba Group Holding Limited (BABA). 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.
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.
| HFGM | BABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.97 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | -0.33 | +2.03 |
| Martin ratioReturn relative to average drawdown | 5.46 | -0.77 | +6.23 |
Loading charts...
Drawdowns
HFGM vs. BABA - Drawdown Comparison
The maximum HFGM drawdown since its inception was -15.09%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for HFGM and BABA.
Loading charts...
Drawdown Indicators
| HFGM | BABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.09% | -80.09% | +65.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -49.33% | +34.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.09% | — |
Current DrawdownCurrent decline from peak | -13.57% | -68.14% | +54.57% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -37.63% | +34.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 21.07% | -16.40% |
Volatility
HFGM vs. BABA - Volatility Comparison
The current volatility for Unlimited HFGM Global Macro ETF (HFGM) is 6.61%, while Alibaba Group Holding Limited (BABA) has a volatility of 8.92%. This indicates that HFGM experiences smaller price fluctuations and is considered to be less risky than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HFGM | BABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 8.92% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.22% | 29.66% | -11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 44.02% | -20.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 51.48% | -29.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 43.43% | -21.47% |
Dividends
HFGM vs. BABA - Dividend Comparison
HFGM's dividend yield for the trailing twelve months is around 10.71%, more than BABA's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 1.10% | 1.36% | 1.96% | 1.29% |
HFGM Unlimited HFGM Global Macro ETF | 10.71% | 11.23% | 0.00% | 0.00% |
Frequently Asked Questions
HFGM and BABA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABA has higher volatility (8.92%) compared to HFGM (6.61%). In terms of maximum drawdown, HFGM dropped -15.09% vs BABA's -80.09%.
HFGM currently has the higher Sharpe Ratio (1.10 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HFGM and BABA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer