HFSAX vs. UTMAX
Compare and contrast key facts about Hundredfold Select Alternative Fund Investor Class (HFSAX) and USAA Target Managed Allocation Fund (UTMAX).
HFSAX is managed by Advisors Preferred. UTMAX is managed by USAA. It was launched on Aug 6, 2015.
Performance
HFSAX vs. UTMAX - Performance Comparison
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HFSAX vs. UTMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFSAX Hundredfold Select Alternative Fund Investor Class | -0.92% | 11.97% | 3.75% | 10.93% | -9.44% | 9.05% | 38.71% | 10.35% | -1.97% | 9.91% |
UTMAX USAA Target Managed Allocation Fund | -4.60% | 15.25% | 13.81% | 14.40% | -20.44% | 21.52% | 13.42% | 22.64% | -9.01% | 13.54% |
Returns By Period
In the year-to-date period, HFSAX achieves a -0.92% return, which is significantly higher than UTMAX's -4.60% return. Over the past 10 years, HFSAX has outperformed UTMAX with an annualized return of 8.40%, while UTMAX has yielded a comparatively lower 7.96% annualized return.
HFSAX
- 1D
- 0.00%
- 1M
- -3.45%
- YTD
- -0.92%
- 6M
- 2.27%
- 1Y
- 10.24%
- 3Y*
- 8.42%
- 5Y*
- 3.95%
- 10Y*
- 8.40%
UTMAX
- 1D
- -0.18%
- 1M
- -9.33%
- YTD
- -4.60%
- 6M
- -1.08%
- 1Y
- 14.56%
- 3Y*
- 11.53%
- 5Y*
- 5.72%
- 10Y*
- 7.96%
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HFSAX vs. UTMAX - Expense Ratio Comparison
HFSAX has a 1.75% expense ratio, which is higher than UTMAX's 0.69% expense ratio.
Return for Risk
HFSAX vs. UTMAX — Risk / Return Rank
HFSAX
UTMAX
HFSAX vs. UTMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hundredfold Select Alternative Fund Investor Class (HFSAX) and USAA Target Managed Allocation Fund (UTMAX). 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 | UTMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.35 | 0.97 | +1.39 |
Sortino ratioReturn per unit of downside risk | 3.17 | 1.33 | +1.83 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.20 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.22 | +1.49 |
Martin ratioReturn relative to average drawdown | 9.66 | 5.34 | +4.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFSAX | UTMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 0.97 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.26 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | 0.42 | +0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.39 | +0.90 |
Correlation
The correlation between HFSAX and UTMAX is 0.69, 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. UTMAX - Dividend Comparison
HFSAX's dividend yield for the trailing twelve months is around 9.84%, more than UTMAX's 7.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFSAX Hundredfold Select Alternative Fund Investor Class | 9.84% | 9.75% | 5.87% | 5.17% | 4.92% | 10.98% | 13.58% | 6.44% | 3.11% | 11.06% | 5.60% | 1.85% |
UTMAX USAA Target Managed Allocation Fund | 7.20% | 6.87% | 1.59% | 1.41% | 4.47% | 27.44% | 5.94% | 4.84% | 11.05% | 1.13% | 1.36% | 1.23% |
Drawdowns
HFSAX vs. UTMAX - Drawdown Comparison
The maximum HFSAX drawdown since its inception was -12.81%, smaller than the maximum UTMAX drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for HFSAX and UTMAX.
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Drawdown Indicators
| HFSAX | UTMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.81% | -40.49% | +27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -10.38% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -12.81% | -40.49% | +27.68% |
Max Drawdown (10Y)Largest decline over 10 years | -12.81% | -40.49% | +27.68% |
Current DrawdownCurrent decline from peak | -3.68% | -9.41% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -11.08% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.38% | -1.35% |
Volatility
HFSAX vs. UTMAX - Volatility Comparison
The current volatility for Hundredfold Select Alternative Fund Investor Class (HFSAX) is 1.84%, while USAA Target Managed Allocation Fund (UTMAX) has a volatility of 5.16%. This indicates that HFSAX experiences smaller price fluctuations and is considered to be less risky than UTMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFSAX | UTMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 5.16% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 9.97% | -6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 14.71% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 22.33% | -16.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 19.24% | -12.99% |