MFUT vs. HFMF

Last updated Apr 1, 2026

Compare and contrast key facts about Cambria Chesapeake Pure Trend ETF (MFUT) and Unlimited HFMF Managed Futures ETF (HFMF).

MFUT and HFMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFUT is an actively managed fund by Cambria. It was launched on May 28, 2024. HFMF is an actively managed fund by Unlimited. It was launched on Jul 14, 2025.

Performance

MFUT vs. HFMF - Performance Comparison

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

MFUT vs. HFMF - Yearly Performance Comparison

	2026 (YTD)	2025
MFUT Cambria Chesapeake Pure Trend ETF	7.52%	8.82%
HFMF Unlimited HFMF Managed Futures ETF	11.75%	6.34%

Returns By Period

In the year-to-date period, MFUT achieves a 7.52% return, which is significantly lower than HFMF's 11.75% return.

MFUT

• 1D: 0.92%
• 1M: -3.38%
• YTD: 7.52%
• 6M: 13.12%
• 1Y: 12.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HFMF

• 1D: 1.40%
• 1M: -1.69%
• YTD: 11.75%
• 6M: 12.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFUT vs. HFMF - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than HFMF's 0.97% expense ratio.

MFUT

Cambria Chesapeake Pure Trend ETF

HFMF

Unlimited HFMF Managed Futures ETF

Return for Risk

MFUT vs. HFMF — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 43
MFUT Sharpe Ratio Rank: 46
MFUT Sortino Ratio Rank: 40
MFUT Omega Ratio Rank: 45
MFUT Calmar Ratio Rank: 52
MFUT Martin Ratio Rank: 30

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.

MFUT vs. HFMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) 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.

	MFUT	HFMF	Difference
Sharpe ratio Return per unit of total volatility	0.85	—	—
Sortino ratio Return per unit of downside risk	1.15	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.37	—	—
Martin ratio Return relative to average drawdown	2.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MFUT	HFMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	1.56	-2.06

Correlation

The correlation between MFUT and HFMF 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

MFUT vs. HFMF - Dividend Comparison

MFUT has not paid dividends to shareholders, while HFMF's dividend yield for the trailing twelve months is around 2.66%.

	TTM	2025	2024
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%
HFMF Unlimited HFMF Managed Futures ETF	2.66%	2.97%	0.00%

Drawdowns

MFUT vs. HFMF - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, which is greater than HFMF's maximum drawdown of -7.77%. Use the drawdown chart below to compare losses from any high point for MFUT and HFMF.

Drawdown Indicators

	MFUT	HFMF	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	-7.77%	-21.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	—	—
Current Drawdown Current decline from peak	-12.06%	-6.48%	-5.58%
Average Drawdown Average peak-to-trough decline	-17.71%	-1.70%	-16.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	—	—

Volatility

Volatility by Period

	MFUT	HFMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	17.66%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	17.66%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.54%	17.66%	-4.12%