HFMF vs. RSST

Last updated Jun 24, 2026

HFMF (Unlimited HFMF Managed Futures ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - HFMF is a Systematic Trend fund actively managed by Unlimited, while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. HFMF charges 0.97%/yr vs 0.99%/yr for RSST.

Performance

HFMF vs. RSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFMF Managed Futures ETF (HFMF) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFMF achieves a 2.96% return, which is significantly lower than RSST's 13.30% return.

HFMF

• 1D: -0.72%
• 1M: -6.95%
• YTD: 2.96%
• 6M: 0.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSST

• 1D: -2.52%
• 1M: -4.55%
• YTD: 13.30%
• 6M: 11.00%
• 1Y: 46.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFMF vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025
HFMF Unlimited HFMF Managed Futures ETF	2.96%	6.34%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	13.30%	20.17%

Correlation

The correlation between HFMF and RSST is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.57

Return for Risk

HFMF vs. RSST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RSST

RSST Risk / Return Rank: 65
RSST Sharpe Ratio Rank: 63
RSST Sortino Ratio Rank: 51
RSST Omega Ratio Rank: 57
RSST Calmar Ratio Rank: 80
RSST Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFMF vs. RSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFMF Managed Futures ETF (HFMF) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). 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.

	HFMF	RSST	Difference
Sharpe ratio: Return per unit of total volatility	—	1.98	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	4.00	—
Martin ratio: Return relative to average drawdown	—	12.94	—

Drawdowns

HFMF vs. RSST - Drawdown Comparison

The maximum HFMF drawdown since its inception was -13.84%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for HFMF and RSST.

Drawdown Indicators

	HFMF	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-13.84%	-30.80%	+16.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.71%	—
Current Drawdown Current decline from peak	-13.84%	-7.59%	-6.25%
Average Drawdown Average peak-to-trough decline	-3.35%	-6.02%	+2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.61%	—

Volatility

Volatility by Period

	HFMF	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	23.60%	-7.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	24.50%	-8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	24.50%	-8.11%

HFMF vs. RSST - Expense Ratio Comparison

HFMF has a 0.97% expense ratio, which is lower than RSST's 0.99% expense ratio.

Dividends

HFMF vs. RSST - Dividend Comparison

HFMF's dividend yield for the trailing twelve months is around 2.88%, more than RSST's 0.99% yield.

Position	TTM	2025	2024	2023
HFMF Unlimited HFMF Managed Futures ETF	2.88%	2.97%	0.00%	0.00%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.99%	1.12%	0.09%	0.93%

Frequently Asked Questions

Can I hold both HFMF and RSST in my portfolio?

HFMF and RSST have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HFMF or RSST?

On fees, HFMF is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFMF or RSST?

HFMF is cheaper with a 0.97% expense ratio, compared with 0.99% for RSST.

Which ETF pays a higher dividend yield, HFMF or RSST?

HFMF has the higher dividend yield at 2.88%, compared with 0.99% for RSST.

What is the main difference between HFMF and RSST?

HFMF is categorized as Systematic Trend, while RSST is Large Cap Blend Equities. They also come from different issuers: Unlimited and Return Stacked. Their fees differ too: 0.97% for HFMF and 0.99% for RSST.