HFMF vs. CTA
HFMF (Unlimited HFMF Managed Futures ETF) and CTA (Simplify Managed Futures Strategy ETF) are both Systematic Trend funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. HFMF charges 0.97%/yr vs 0.78%/yr for CTA.
Performance
HFMF vs. CTA - Performance Comparison
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Returns By Period
In the year-to-date period, HFMF achieves a 7.67% return, which is significantly lower than CTA's 12.30% return.
HFMF
- 1D
- -0.58%
- 1M
- -2.87%
- YTD
- 7.67%
- 6M
- 8.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CTA
- 1D
- 0.54%
- 1M
- -7.86%
- YTD
- 12.30%
- 6M
- 13.80%
- 1Y
- 15.57%
- 3Y*
- 11.79%
- 5Y*
- —
- 10Y*
- —
HFMF vs. CTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 7.67% | 6.34% |
CTA Simplify Managed Futures Strategy ETF | 12.30% | 0.40% |
Correlation
The correlation between HFMF and CTA is 0.43, 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 | 0.43 |
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Return for Risk
HFMF vs. CTA — Risk / Return Rank
HFMF
CTA
HFMF vs. CTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFMF Managed Futures ETF (HFMF) and Simplify Managed Futures Strategy ETF (CTA). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HFMF | CTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.62 | +0.37 |
Drawdowns
HFMF vs. CTA - Drawdown Comparison
The maximum HFMF drawdown since its inception was -10.00%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for HFMF and CTA.
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Drawdown Indicators
| HFMF | CTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.00% | -18.07% | +8.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.23% | — |
Current DrawdownCurrent decline from peak | -9.89% | -7.86% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -5.67% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.19% | — |
Volatility
HFMF vs. CTA - Volatility Comparison
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Volatility by Period
| HFMF | CTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.79% | 20.12% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 16.58% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 16.58% | +0.21% |
HFMF vs. CTA - Expense Ratio Comparison
HFMF has a 0.97% expense ratio, which is higher than CTA's 0.78% expense ratio.
Dividends
HFMF vs. CTA - Dividend Comparison
HFMF's dividend yield for the trailing twelve months is around 2.76%, less than CTA's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 4.85% | 3.19% | 4.80% | 7.78% | 6.58% |
HFMF Unlimited HFMF Managed Futures ETF | 2.76% | 2.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFMF and CTA have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTA is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTA is cheaper with a 0.78% expense ratio, compared with 0.97% for HFMF.
CTA has the higher dividend yield at 4.85%, compared with 2.76% for HFMF.
They also come from different issuers: Unlimited and Simplify. Their fees differ too: 0.97% for HFMF and 0.78% for CTA.
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