HFND vs. MAFIX

Last updated Apr 2, 2026

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.

Performance

HFND vs. MAFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Abbey Capital Multi Asset Fund Class I (MAFIX). The values are adjusted to include any dividend payments, if applicable.

HFND vs. MAFIX - 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%
MAFIX Abbey Capital Multi Asset Fund Class I	0.71%	8.41%	8.99%	5.02%	-4.30%

Returns By Period

In the year-to-date period, HFND achieves a 3.46% return, which is significantly higher than MAFIX's 0.71% return.

HFND

• 1D: 0.52%
• 1M: -2.20%
• YTD: 3.46%
• 6M: 3.64%
• 1Y: 14.43%
• 3Y*: 8.14%
• 5Y*: —
• 10Y*: —

MAFIX

• 1D: 1.33%
• 1M: -5.32%
• YTD: 0.71%
• 6M: 5.13%
• 1Y: 16.25%
• 3Y*: 7.88%
• 5Y*: 6.41%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFND vs. MAFIX - Expense Ratio Comparison

HFND has a 1.22% expense ratio, which is lower than MAFIX's 1.79% expense ratio.

MAFIX

Abbey Capital Multi Asset Fund Class I

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

Return for Risk

HFND vs. MAFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFND

HFND Risk / Return Rank: 67
HFND Sharpe Ratio Rank: 67
HFND Sortino Ratio Rank: 69
HFND Omega Ratio Rank: 67
HFND Calmar Ratio Rank: 59
HFND Martin Ratio Rank: 73

MAFIX

MAFIX Risk / Return Rank: 57
MAFIX Sharpe Ratio Rank: 58
MAFIX Sortino Ratio Rank: 55
MAFIX Omega Ratio Rank: 49
MAFIX Calmar Ratio Rank: 70
MAFIX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFND vs. MAFIX - Risk-Adjusted Trends 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.

	HFND	MAFIX	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.11	+0.11
Sortino ratio Return per unit of downside risk	1.80	1.54	+0.27
Omega ratio Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	1.61	1.69	-0.07
Martin ratio Return relative to average drawdown	8.22	5.33	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFND vs. MAFIX - Sharpe Ratio Comparison

The current HFND Sharpe Ratio is 1.21, which is comparable to the MAFIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of HFND and MAFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HFND	MAFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.11	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.90	-0.08

Correlation

The correlation between HFND and MAFIX is 0.59, 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.

Dividends

HFND vs. MAFIX - Dividend Comparison

HFND's dividend yield for the trailing twelve months is around 4.91%, less than MAFIX's 11.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
MAFIX Abbey Capital Multi Asset Fund Class I	11.70%	11.78%	4.57%	3.80%	4.12%	10.65%	10.29%	12.30%	9.36%

Drawdowns

HFND vs. MAFIX - Drawdown Comparison

The maximum HFND drawdown since its inception was -13.31%, smaller than the maximum MAFIX drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for HFND and MAFIX.

Drawdown Indicators

	HFND	MAFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.31%	-19.21%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-9.44%	+0.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.21%	—
Current Drawdown Current decline from peak	-2.94%	-6.02%	+3.08%
Average Drawdown Average peak-to-trough decline	-2.16%	-3.46%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.99%	-1.21%

Volatility

HFND vs. MAFIX - Volatility Comparison

Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) has a higher volatility of 4.22% compared to Abbey Capital Multi Asset Fund Class I (MAFIX) at 3.44%. This indicates that HFND's price experiences larger fluctuations and is considered to be riskier than MAFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFND	MAFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	3.44%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	10.43%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.93%	14.56%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.50%	12.40%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.50%	12.92%	-3.42%