Correlation
The correlation between HFND and DBMF is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HFND vs. DBMF
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and iM DBi Managed Futures Strategy ETF (DBMF).
HFND and DBMF 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. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or DBMF.
Performance
HFND vs. DBMF - Performance Comparison
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Key characteristics
HFND:
0.29
DBMF:
-1.09
HFND:
0.44
DBMF:
-1.28
HFND:
1.06
DBMF:
0.84
HFND:
0.23
DBMF:
-0.60
HFND:
0.89
DBMF:
-0.99
HFND:
3.46%
DBMF:
10.08%
HFND:
12.33%
DBMF:
9.86%
HFND:
-13.31%
DBMF:
-20.39%
HFND:
-4.44%
DBMF:
-14.37%
Returns By Period
In the year-to-date period, HFND achieves a -0.84% return, which is significantly higher than DBMF's -2.76% return.
HFND
-0.84%
2.55%
-1.62%
3.52%
N/A
N/A
N/A
DBMF
-2.76%
0.04%
-2.93%
-10.68%
-1.46%
5.73%
N/A
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HFND vs. DBMF - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
HFND vs. DBMF — Risk-Adjusted Performance Rank
HFND
DBMF
HFND vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and iM DBi Managed Futures Strategy ETF (DBMF). 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.
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Dividends
HFND vs. DBMF - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 3.73%, less than DBMF's 6.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 3.73% | 3.70% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% |
DBMF iM DBi Managed Futures Strategy ETF | 6.04% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Drawdowns
HFND vs. DBMF - Drawdown Comparison
The maximum HFND drawdown since its inception was -13.31%, smaller than the maximum DBMF drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for HFND and DBMF.
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Volatility
HFND vs. DBMF - Volatility Comparison
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has a higher volatility of 2.10% compared to iM DBi Managed Futures Strategy ETF (DBMF) at 1.81%. This indicates that HFND's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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