HFND vs. MAFIX
Compare and contrast key facts about Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Abbey Capital Multi Asset Fund Class I (MAFIX).
HFND is an actively managed fund by Tidal ETFs. It was launched on Oct 10, 2022. MAFIX is managed by Abbey Capital. It was launched on Apr 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFND or MAFIX.
Key characteristics
| HFND | MAFIX | |
|---|---|---|
| YTD Return | 9.68% | 8.75% |
| 1Y Return | 14.62% | 9.65% |
| Sharpe Ratio | 1.76 | 0.68 |
| Sortino Ratio | 2.42 | 0.97 |
| Omega Ratio | 1.32 | 1.13 |
| Calmar Ratio | 2.70 | 0.69 |
| Martin Ratio | 9.58 | 1.94 |
| Ulcer Index | 1.53% | 4.69% |
| Daily Std Dev | 8.32% | 13.46% |
| Max Drawdown | -6.96% | -13.28% |
| Current Drawdown | 0.00% | -5.65% |
Correlation
The correlation between HFND and MAFIX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HFND vs. MAFIX - Performance Comparison
In the year-to-date period, HFND achieves a 9.68% return, which is significantly higher than MAFIX's 8.75% 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. MAFIX - Expense Ratio Comparison
HFND has a 1.22% expense ratio, which is lower than MAFIX's 1.79% expense ratio.
Risk-Adjusted Performance
HFND vs. MAFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Abbey Capital Multi Asset Fund Class I (MAFIX). 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. MAFIX - Dividend Comparison
HFND's dividend yield for the trailing twelve months is around 1.29%, more than MAFIX's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 1.29% | 1.41% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% |
MAFIX Abbey Capital Multi Asset Fund Class I | 0.91% | 0.99% | 3.84% | 3.04% | 1.64% | 10.10% | 9.36% |
Drawdowns
HFND vs. MAFIX - Drawdown Comparison
The maximum HFND drawdown since its inception was -6.96%, smaller than the maximum MAFIX drawdown of -13.28%. Use the drawdown chart below to compare losses from any high point for HFND and MAFIX. For additional features, visit the drawdowns tool.
Volatility
HFND vs. MAFIX - Volatility Comparison
The current volatility for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is 2.70%, while Abbey Capital Multi Asset Fund Class I (MAFIX) has a volatility of 4.05%. This indicates that HFND experiences smaller price fluctuations and is considered to be less risky than MAFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.