HFND vs. RSST

Last updated Jun 4, 2026

HFND (Unlimited HFND Multi-Strategy Return Tracker ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - HFND is a Multistrategy fund actively managed by Tidal ETFs, while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. Both are actively managed. Over the past year, HFND returned 18.87% vs 56.70% for RSST. A 0.65 correlation means they provide meaningful diversification when combined. HFND charges 1.22%/yr vs 1.04%/yr for RSST.

Performance

HFND vs. RSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFND achieves a 8.65% return, which is significantly lower than RSST's 21.45% return.

HFND

• 1D: -0.45%
• 1M: 2.07%
• YTD: 8.65%
• 6M: 8.06%
• 1Y: 18.87%
• 3Y*: 10.00%
• 5Y*: —
• 10Y*: —

RSST

• 1D: -0.95%
• 1M: 7.80%
• YTD: 21.45%
• 6M: 23.86%
• 1Y: 56.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFND vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HFND Unlimited HFND Multi-Strategy Return Tracker ETF	8.65%	8.93%	8.34%	2.90%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	21.45%	19.91%	18.37%	1.56%

Correlation

The correlation between HFND and RSST is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 7, 2023	0.65

The correlation between HFND and RSST has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

HFND vs. RSST - Sectors Allocation Comparison

Sectors	HFND	RSST
Financial Services	19.2%	14.6%
Technology	17.6%	30.7%
Industrials	13.5%	8.8%
Consumer Cyclical	11.0%	9.2%
Healthcare	8.8%	8.2%
Basic Materials	7.6%	3.4%
Utilities	5.6%	2.7%
Communication Services	5.5%	9.6%
Energy	5.5%	5.4%
Consumer Defensive	4.3%	6.0%
Real Estate	1.4%	1.6%

Return for Risk

HFND vs. RSST — Risk / Return Rank

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

HFND

HFND Risk / Return Rank: 66
HFND Sharpe Ratio Rank: 59
HFND Sortino Ratio Rank: 59
HFND Omega Ratio Rank: 61
HFND Calmar Ratio Rank: 76
HFND Martin Ratio Rank: 75

RSST

RSST Risk / Return Rank: 76
RSST Sharpe Ratio Rank: 78
RSST Sortino Ratio Rank: 64
RSST Omega Ratio Rank: 69
RSST Calmar Ratio Rank: 86
RSST Martin Ratio Rank: 83

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. RSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). 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	RSST	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.57	-0.56
Sortino ratio: Return per unit of downside risk	2.85	3.05	-0.20
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.84	4.87	-1.03
Martin ratio: Return relative to average drawdown	14.31	17.18	-2.87
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. RSST - Sharpe Ratio Comparison

The current HFND Sharpe Ratio is 2.01, which is comparable to the RSST Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of HFND and RSST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFND	RSST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.57	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.94	-0.01

Drawdowns

HFND vs. RSST - Drawdown Comparison

The maximum HFND drawdown since its inception was -13.31%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for HFND and RSST.

Drawdown Indicators

	HFND	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-13.31%	-30.80%	+17.49%
Max Drawdown (1Y) Largest decline over 1 year	-4.94%	-11.71%	+6.77%
Max Drawdown (3Y) Largest decline over 3 years	-13.31%	—	—
Current Drawdown Current decline from peak	-0.45%	-0.95%	+0.50%
Average Drawdown Average peak-to-trough decline	-2.10%	-6.03%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	3.31%	-1.99%

Volatility

HFND vs. RSST - Volatility Comparison

The current volatility for Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is 3.02%, while Return Stacked U.S. Stocks & Managed Futures ETF (RSST) has a volatility of 4.16%. This indicates that HFND experiences smaller price fluctuations and is considered to be less risky than RSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFND	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	4.16%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	15.34%	-7.47%
Volatility (1Y) Calculated over the trailing 1-year period	9.42%	22.14%	-12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.47%	24.16%	-14.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	24.16%	-14.69%

HFND vs. RSST - Expense Ratio Comparison

HFND has a 1.22% expense ratio, which is higher than RSST's 1.04% expense ratio.

Dividends

HFND vs. RSST - Dividend Comparison

HFND's dividend yield for the trailing twelve months is around 4.68%, more than RSST's 0.92% yield.

Position	TTM	2025	2024	2023	2022
HFND Unlimited HFND Multi-Strategy Return Tracker ETF	4.68%	5.08%	3.70%	1.41%	0.43%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.92%	1.12%	0.09%	0.93%	0.00%

Frequently Asked Questions

Can I hold both HFND and RSST in my portfolio?

HFND and RSST have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFND or RSST?

RSST has higher volatility (4.16%) compared to HFND (3.02%). In terms of maximum drawdown, HFND dropped -13.31% vs RSST's -30.80%.

Which ETF is better, HFND or RSST?

On 1-year performance, RSST leads with 56.70% vs 18.87% for HFND. On fees, RSST is cheaper at 1.04% per year. On volatility, HFND has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HFND or RSST?

Over the 1-year period, RSST has performed better with a 56.70% return vs 18.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HFND or RSST?

RSST is cheaper with a 1.04% expense ratio, compared with 1.22% for HFND.

Which ETF pays a higher dividend yield, HFND or RSST?

HFND has the higher dividend yield at 4.68%, compared with 0.92% for RSST.

What is the main difference between HFND and RSST?

HFND is categorized as Multistrategy, while RSST is Large Cap Blend Equities. They also come from different issuers: Tidal ETFs and Return Stacked. Their fees differ too: 1.22% for HFND and 1.04% for RSST.

Which has better risk-adjusted returns?

RSST currently has the higher Sharpe Ratio (2.57 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.