HFND vs. DINE
HFND (Unlimited HFND Multi-Strategy Return Tracker ETF) and DINE (Simplify Tax Aware Diversified Income Strategy ETF) are both Multistrategy funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. HFND charges 1.22%/yr vs 0.15%/yr for DINE.
Performance
HFND vs. DINE - Performance Comparison
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Returns By Period
HFND
- 1D
- 0.23%
- 1M
- -0.04%
- 6M
- 5.49%
- YTD
- 8.21%
- 1Y
- 15.00%
- 3Y*
- 8.92%
- 5Y*
- —
- 10Y*
- —
DINE
- 1D
- 0.24%
- 1M
- 0.75%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFND vs. DINE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.66% |
DINE Simplify Tax Aware Diversified Income Strategy ETF | 1.34% |
Correlation
The correlation between HFND and DINE is 0.61, 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 May 5, 2026 | 0.61 |
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Return for Risk
HFND vs. DINE — Risk / Return Rank
HFND
DINE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HFND vs. DINE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Simplify Tax Aware Diversified Income Strategy ETF (DINE). 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.
| HFND | DINE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | — | — |
| Martin ratioReturn relative to average drawdown | 10.93 | — | — |
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Drawdowns
HFND vs. DINE - Drawdown Comparison
The maximum HFND drawdown since its inception was -13.31%, which is greater than DINE's maximum drawdown of -1.23%. Use the drawdown chart below to compare losses from any high point for HFND and DINE.
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Drawdown Indicators
| HFND | DINE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -1.23% | -12.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -0.43% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -0.27% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | — | — |
Volatility
HFND vs. DINE - Volatility Comparison
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Volatility by Period
| HFND | DINE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 4.27% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.50% | 4.27% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 4.27% | +5.23% |
HFND vs. DINE - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than DINE's 0.15% expense ratio.
Dividends
HFND vs. DINE - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 4.69%, more than DINE's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DINE Simplify Tax Aware Diversified Income Strategy ETF | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 4.69% | 5.08% | 3.70% | 1.41% | 0.43% |
Frequently Asked Questions
HFND and DINE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DINE is cheaper with a 0.15% expense ratio, compared with 1.22% for HFND.
HFND has the higher dividend yield at 4.69%, compared with 0.20% for DINE.
They also come from different issuers: Tidal ETFs and Simplify. Their fees differ too: 1.22% for HFND and 0.15% for DINE.
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