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ISMF vs. HFMF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ISMF vs. HFMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Managed Futures Active ETF (ISMF) and Unlimited HFMF Managed Futures ETF (HFMF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISMF achieves a 8.37% return, which is significantly higher than HFMF's 7.67% return.


ISMF

1D
0.83%
1M
1.62%
YTD
8.37%
6M
11.16%
1Y
22.64%
3Y*
5Y*
10Y*

HFMF

1D
-0.58%
1M
-2.87%
YTD
7.67%
6M
8.74%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISMF vs. HFMF - Yearly Performance Comparison


Correlation

The correlation between ISMF and HFMF is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 16, 2025

0.39

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Return for Risk

ISMF vs. HFMF — Risk / Return Rank

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

ISMF
ISMF Risk / Return Rank: 8989
Overall Rank
ISMF Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ISMF Sortino Ratio Rank: 8686
Sortino Ratio Rank
ISMF Omega Ratio Rank: 9191
Omega Ratio Rank
ISMF Calmar Ratio Rank: 9191
Calmar Ratio Rank
ISMF Martin Ratio Rank: 8989
Martin Ratio Rank

HFMF
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.

ISMF vs. HFMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Managed Futures Active ETF (ISMF) and Unlimited HFMF Managed Futures ETF (HFMF). 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.


ISMFHFMFDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.61

Calmar ratioReturn relative to maximum drawdown

5.77

Martin ratioReturn relative to average drawdown

19.96

ISMF vs. HFMF - Sharpe Ratio Comparison


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Sharpe Ratios by Period


ISMFHFMFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.88

Sharpe Ratio (All Time)

Calculated using the full available price history

2.17

0.99

+1.18

Drawdowns

ISMF vs. HFMF - Drawdown Comparison

The maximum ISMF drawdown since its inception was -4.23%, smaller than the maximum HFMF drawdown of -10.00%. Use the drawdown chart below to compare losses from any high point for ISMF and HFMF.


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Drawdown Indicators


ISMFHFMFDifference

Max Drawdown

Largest peak-to-trough decline

-4.23%

-10.00%

+5.77%

Max Drawdown (1Y)

Largest decline over 1 year

-3.94%

Current Drawdown

Current decline from peak

0.00%

-9.89%

+9.89%

Average Drawdown

Average peak-to-trough decline

-1.27%

-2.86%

+1.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.14%

Volatility

ISMF vs. HFMF - Volatility Comparison


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Volatility by Period


ISMFHFMFDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.89%

Volatility (6M)

Calculated over the trailing 6-month period

6.33%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

16.79%

-8.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.78%

16.79%

-9.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.78%

16.79%

-9.01%

ISMF vs. HFMF - Expense Ratio Comparison

ISMF has a 0.80% expense ratio, which is lower than HFMF's 0.97% expense ratio.


Dividends

ISMF vs. HFMF - Dividend Comparison

ISMF's dividend yield for the trailing twelve months is around 5.75%, more than HFMF's 2.76% yield.


Frequently Asked Questions


ISMF and HFMF have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISMF is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISMF is cheaper with a 0.80% expense ratio, compared with 0.97% for HFMF.

ISMF has the higher dividend yield at 5.75%, compared with 2.76% for HFMF.

They also come from different issuers: iShares and Unlimited. Their fees differ too: 0.80% for ISMF and 0.97% for HFMF.

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