HFND vs. GAFYX
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and AlphaSimplex Global Alternatives Fund (GAFYX).
HFND is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 2022. GAFYX is managed by Natixis. It was launched on Sep 29, 2008.
Performance
HFND vs. GAFYX - Performance Comparison
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HFND vs. GAFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 3.46% | 8.93% | 8.34% | 3.58% | 2.38% |
GAFYX AlphaSimplex Global Alternatives Fund | 1.74% | 6.68% | 9.66% | 3.77% | 2.69% |
Returns By Period
In the year-to-date period, HFND achieves a 3.46% return, which is significantly higher than GAFYX's 1.74% return.
HFND
- 1D
- 0.52%
- 1M
- -2.20%
- YTD
- 3.46%
- 6M
- 3.64%
- 1Y
- 14.43%
- 3Y*
- 8.14%
- 5Y*
- —
- 10Y*
- —
GAFYX
- 1D
- 1.56%
- 1M
- -3.39%
- YTD
- 1.74%
- 6M
- 2.63%
- 1Y
- 8.33%
- 3Y*
- 6.80%
- 5Y*
- 4.67%
- 10Y*
- 3.91%
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HFND vs. GAFYX - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is lower than GAFYX's 1.24% expense ratio.
Return for Risk
HFND vs. GAFYX — Risk / Return Rank
HFND
GAFYX
HFND vs. GAFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and AlphaSimplex Global Alternatives Fund (GAFYX). 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.
| HFND | GAFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.03 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.39 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.28 | +0.33 |
Martin ratioReturn relative to average drawdown | 8.22 | 5.42 | +2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFND | GAFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.03 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.48 | +0.34 |
Correlation
The correlation between HFND and GAFYX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HFND vs. GAFYX - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 4.91%, while GAFYX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 4.91% | 5.08% | 3.70% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAFYX AlphaSimplex Global Alternatives Fund | 0.00% | 0.00% | 0.00% | 5.24% | 9.57% | 0.00% | 2.57% | 1.16% | 1.37% | 0.74% | 0.00% | 3.53% |
Drawdowns
HFND vs. GAFYX - Drawdown Comparison
The maximum HFND drawdown since its inception was -13.31%, smaller than the maximum GAFYX drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for HFND and GAFYX.
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Drawdown Indicators
| HFND | GAFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -19.49% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -6.74% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -2.94% | -3.70% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -4.67% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.59% | +0.19% |
Volatility
HFND vs. GAFYX - Volatility Comparison
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has a higher volatility of 4.22% compared to AlphaSimplex Global Alternatives Fund (GAFYX) at 3.45%. This indicates that HFND's price experiences larger fluctuations and is considered to be riskier than GAFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFND | GAFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 3.45% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 6.08% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 8.46% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.50% | 7.09% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.50% | 6.68% | +2.82% |