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 Funds. It was launched on Sep 29, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or GAFYX.
Key characteristics
| HFND | GAFYX | |
|---|---|---|
| YTD Return | 4.87% | 7.43% |
| 1Y Return | 7.60% | 7.09% |
| Sharpe Ratio | 0.90 | 1.18 |
| Daily Std Dev | 7.94% | 6.37% |
| Max Drawdown | -6.96% | -19.49% |
| Current Drawdown | -2.00% | -2.13% |
Correlation
The correlation between HFND and GAFYX is 0.71, 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.
Performance
HFND vs. GAFYX - Performance Comparison
In the year-to-date period, HFND achieves a 4.87% return, which is significantly lower than GAFYX's 7.43% 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. GAFYX - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is lower than GAFYX's 1.24% expense ratio.
Risk-Adjusted Performance
HFND vs. GAFYX - Risk-Adjusted Performance 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.
Dividends
HFND vs. GAFYX - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 1.35%, less than GAFYX's 4.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.35% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAFYX AlphaSimplex Global Alternatives Fund | 4.71% | 5.43% | 9.57% | 0.00% | 2.57% | 1.16% | 1.37% | 0.74% | 0.00% | 3.53% | 5.25% | 8.53% |
Drawdowns
HFND vs. GAFYX - Drawdown Comparison
The maximum HFND drawdown since its inception was -6.96%, 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. For additional features, visit the drawdowns tool.
Volatility
HFND vs. GAFYX - Volatility Comparison
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has a higher volatility of 3.01% compared to AlphaSimplex Global Alternatives Fund (GAFYX) at 1.97%. 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.