HFND vs. FLSP
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Franklin Liberty Systematic Style Premia ETF (FLSP).
HFND and FLSP 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. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or FLSP.
Key characteristics
| HFND | FLSP | |
|---|---|---|
| YTD Return | 8.43% | 11.26% |
| 1Y Return | 13.48% | 8.86% |
| Sharpe Ratio | 1.56 | 0.66 |
| Sortino Ratio | 2.16 | 1.05 |
| Omega Ratio | 1.28 | 1.14 |
| Calmar Ratio | 2.39 | 1.50 |
| Martin Ratio | 8.50 | 3.65 |
| Ulcer Index | 1.53% | 2.50% |
| Daily Std Dev | 8.30% | 13.95% |
| Max Drawdown | -6.96% | -22.75% |
| Current Drawdown | -0.35% | -1.76% |
Correlation
The correlation between HFND and FLSP is 0.03, 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.
Performance
HFND vs. FLSP - Performance Comparison
In the year-to-date period, HFND achieves a 8.43% return, which is significantly lower than FLSP's 11.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFND vs. FLSP - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Risk-Adjusted Performance
HFND vs. FLSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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. FLSP - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 1.30%, more than FLSP's 1.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.30% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.07% | 1.19% | 2.18% | 1.20% | 8.08% | 0.02% |
Drawdowns
HFND vs. FLSP - Drawdown Comparison
The maximum HFND drawdown since its inception was -6.96%, smaller than the maximum FLSP drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for HFND and FLSP. For additional features, visit the drawdowns tool.
Volatility
HFND vs. FLSP - Volatility Comparison
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Franklin Liberty Systematic Style Premia ETF (FLSP) have volatilities of 2.78% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.