Correlation
The correlation between HFND and GLD is 0.11, 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. GLD
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and SPDR Gold Trust (GLD).
HFND and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or GLD.
Performance
HFND vs. GLD - Performance Comparison
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Key characteristics
HFND:
0.29
GLD:
2.33
HFND:
0.44
GLD:
3.10
HFND:
1.06
GLD:
1.40
HFND:
0.23
GLD:
5.12
HFND:
0.89
GLD:
13.96
HFND:
3.46%
GLD:
2.97%
HFND:
12.33%
GLD:
17.89%
HFND:
-13.31%
GLD:
-45.56%
HFND:
-4.44%
GLD:
-3.16%
Returns By Period
In the year-to-date period, HFND achieves a -0.84% return, which is significantly lower than GLD's 26.22% return.
HFND
-0.84%
2.55%
-1.62%
3.52%
N/A
N/A
N/A
GLD
26.22%
-0.15%
25.51%
41.38%
20.92%
13.41%
10.36%
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HFND vs. GLD - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
HFND vs. GLD — Risk-Adjusted Performance Rank
HFND
GLD
HFND vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 3.73%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 3.73% | 3.70% | 1.41% | 0.43% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HFND vs. GLD - Drawdown Comparison
The maximum HFND drawdown since its inception was -13.31%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for HFND and GLD.
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Volatility
HFND vs. GLD - Volatility Comparison
The current volatility for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is 2.10%, while SPDR Gold Trust (GLD) has a volatility of 7.89%. This indicates that HFND experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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