HFSAX vs. UNAVX

Last updated Apr 2, 2026

Compare and contrast key facts about Hundredfold Select Alternative Fund Investor Class (HFSAX) and USA Mutuals All Seasons Fund (UNAVX).

HFSAX is managed by Advisors Preferred. UNAVX is managed by USA Mutuals. It was launched on Oct 12, 2017.

Performance

HFSAX vs. UNAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hundredfold Select Alternative Fund Investor Class (HFSAX) and USA Mutuals All Seasons Fund (UNAVX). The values are adjusted to include any dividend payments, if applicable.

HFSAX vs. UNAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFSAX Hundredfold Select Alternative Fund Investor Class	-0.83%	11.97%	3.75%	10.93%	-9.44%	9.05%	38.71%	10.35%	-1.97%	1.13%
UNAVX USA Mutuals All Seasons Fund	-3.58%	1.91%	6.76%	3.44%	6.91%	11.74%	-8.36%	25.57%	-4.91%	4.62%

Returns By Period

In the year-to-date period, HFSAX achieves a -0.83% return, which is significantly higher than UNAVX's -3.58% return.

HFSAX

• 1D: 0.08%
• 1M: -2.57%
• YTD: -0.83%
• 6M: 2.12%
• 1Y: 10.29%
• 3Y*: 8.45%
• 5Y*: 3.86%
• 10Y*: 8.41%

UNAVX

• 1D: 1.33%
• 1M: -3.40%
• YTD: -3.58%
• 6M: -6.39%
• 1Y: 0.95%
• 3Y*: 0.98%
• 5Y*: 4.85%
• 10Y*: —

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

HFSAX vs. UNAVX - Expense Ratio Comparison

HFSAX has a 1.75% expense ratio, which is lower than UNAVX's 1.99% expense ratio.

UNAVX

USA Mutuals All Seasons Fund

HFSAX

Hundredfold Select Alternative Fund Investor Class

Return for Risk

HFSAX vs. UNAVX — Risk / Return Rank

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

HFSAX

HFSAX Risk / Return Rank: 93
HFSAX Sharpe Ratio Rank: 96
HFSAX Sortino Ratio Rank: 95
HFSAX Omega Ratio Rank: 93
HFSAX Calmar Ratio Rank: 92
HFSAX Martin Ratio Rank: 88

UNAVX

UNAVX Risk / Return Rank: 6
UNAVX Sharpe Ratio Rank: 6
UNAVX Sortino Ratio Rank: 5
UNAVX Omega Ratio Rank: 6
UNAVX Calmar Ratio Rank: 6
UNAVX Martin Ratio Rank: 6

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.

HFSAX vs. UNAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hundredfold Select Alternative Fund Investor Class (HFSAX) and USA Mutuals All Seasons Fund (UNAVX). 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.

	HFSAX	UNAVX	Difference
Sharpe ratio Return per unit of total volatility	2.37	0.17	+2.20
Sortino ratio Return per unit of downside risk	3.18	0.28	+2.90
Omega ratio Gain probability vs. loss probability	1.48	1.05	+0.43
Calmar ratio Return relative to maximum drawdown	2.78	0.11	+2.67
Martin ratio Return relative to average drawdown	9.69	0.34	+9.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFSAX vs. UNAVX - Sharpe Ratio Comparison

The current HFSAX Sharpe Ratio is 2.37, which is higher than the UNAVX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of HFSAX and UNAVX, 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

	HFSAX	UNAVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.17	+2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.62	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.37	+0.92

Correlation

The correlation between HFSAX and UNAVX is 0.55, 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

HFSAX vs. UNAVX - Dividend Comparison

HFSAX's dividend yield for the trailing twelve months is around 9.83%, more than UNAVX's 2.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFSAX Hundredfold Select Alternative Fund Investor Class	9.83%	9.75%	5.87%	5.17%	4.92%	10.98%	13.58%	6.44%	3.11%	11.06%	5.60%	1.85%
UNAVX USA Mutuals All Seasons Fund	2.62%	2.52%	2.88%	1.62%	0.00%	0.00%	0.00%	5.70%	0.85%	0.61%	0.00%	0.00%

Drawdowns

HFSAX vs. UNAVX - Drawdown Comparison

The maximum HFSAX drawdown since its inception was -12.81%, smaller than the maximum UNAVX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for HFSAX and UNAVX.

Drawdown Indicators

	HFSAX	UNAVX	Difference
Max Drawdown Largest peak-to-trough decline	-12.81%	-30.05%	+17.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-7.89%	+4.21%
Max Drawdown (5Y) Largest decline over 5 years	-12.81%	-7.89%	-4.92%
Max Drawdown (10Y) Largest decline over 10 years	-12.81%	—	—
Current Drawdown Current decline from peak	-3.60%	-6.66%	+3.06%
Average Drawdown Average peak-to-trough decline	-2.39%	-4.72%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	2.60%	-1.54%

Volatility

HFSAX vs. UNAVX - Volatility Comparison

The current volatility for Hundredfold Select Alternative Fund Investor Class (HFSAX) is 1.72%, while USA Mutuals All Seasons Fund (UNAVX) has a volatility of 2.66%. This indicates that HFSAX experiences smaller price fluctuations and is considered to be less risky than UNAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFSAX	UNAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	2.66%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	3.74%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.41%	5.55%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.31%	7.83%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	12.93%	-6.68%