HFND vs. CTA
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Simplify Managed Futures Strategy ETF (CTA).
HFND and CTA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFND is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 2022. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or CTA.
Correlation
The correlation between HFND and CTA is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HFND vs. CTA - Performance Comparison
Key characteristics
HFND:
1.10
CTA:
1.88
HFND:
1.52
CTA:
2.91
HFND:
1.19
CTA:
1.33
HFND:
1.74
CTA:
2.15
HFND:
6.01
CTA:
5.80
HFND:
1.57%
CTA:
4.13%
HFND:
8.60%
CTA:
12.75%
HFND:
-6.96%
CTA:
-18.07%
HFND:
-2.56%
CTA:
-0.93%
Returns By Period
In the year-to-date period, HFND achieves a 8.30% return, which is significantly lower than CTA's 24.47% return.
HFND
8.30%
-0.76%
3.88%
8.73%
N/A
N/A
CTA
24.47%
4.52%
9.68%
23.52%
N/A
N/A
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HFND vs. CTA - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than CTA's 0.78% expense ratio.
Risk-Adjusted Performance
HFND vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) 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.
Dividends
HFND vs. CTA - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 1.30%, less than CTA's 7.79% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.30% | 1.41% | 0.43% |
CTA Simplify Managed Futures Strategy ETF | 7.79% | 7.78% | 6.58% |
Drawdowns
HFND vs. CTA - Drawdown Comparison
The maximum HFND drawdown since its inception was -6.96%, smaller than the maximum CTA drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for HFND and CTA. For additional features, visit the drawdowns tool.
Volatility
HFND vs. CTA - Volatility Comparison
The current volatility for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is 2.35%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 4.09%. This indicates that HFND experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.