PCR vs. HFND
PCR (Simplify VettaFi Private Credit Strategy ETF) and HFND (Unlimited HFND Multi-Strategy Return Tracker ETF) are both Multistrategy funds. PCR is passively managed, while HFND is actively managed. At a 0.34 correlation, their price movements are largely independent.
Performance
PCR vs. HFND - Performance Comparison
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Returns By Period
In the year-to-date period, PCR achieves a -10.18% return, which is significantly lower than HFND's 8.79% return.
PCR
- 1D
- 0.12%
- 1M
- -0.76%
- YTD
- -10.18%
- 6M
- -10.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFND
- 1D
- 0.21%
- 1M
- 0.63%
- YTD
- 8.79%
- 6M
- 8.79%
- 1Y
- 16.12%
- 3Y*
- 9.53%
- 5Y*
- —
- 10Y*
- —
PCR vs. HFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCR Simplify VettaFi Private Credit Strategy ETF | -10.18% | -5.73% |
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 8.79% | 0.28% |
Correlation
The correlation between PCR and HFND is 0.34, 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 Sep 23, 2025 | 0.34 |
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Return for Risk
PCR vs. HFND — Risk / Return Rank
PCR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HFND
PCR vs. HFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify VettaFi Private Credit Strategy ETF (PCR) and Unlimited HFND Multi-Strategy Return Tracker ETF (HFND). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCR | HFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.28 | — |
| Martin ratioReturn relative to average drawdown | — | 11.88 | — |
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Drawdowns
PCR vs. HFND - Drawdown Comparison
The maximum PCR drawdown since its inception was -20.07%, which is greater than HFND's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for PCR and HFND.
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Drawdown Indicators
| PCR | HFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -13.31% | -6.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.31% | — |
Current DrawdownCurrent decline from peak | -15.33% | -0.72% | -14.61% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -2.07% | -7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.36% | — |
Volatility
PCR vs. HFND - Volatility Comparison
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Volatility by Period
| PCR | HFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 9.82% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 9.51% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 9.51% | +9.08% |
Dividends
PCR vs. HFND - Dividend Comparison
PCR's dividend yield for the trailing twelve months is around 8.86%, more than HFND's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HFND Unlimited HFND Multi-Strategy Return Tracker ETF | 4.67% | 5.08% | 3.70% | 1.41% | 0.43% |
PCR Simplify VettaFi Private Credit Strategy ETF | 8.86% | 2.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCR and HFND have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCR has the higher dividend yield at 8.86%, compared with 4.67% for HFND.
They also come from different issuers: Simplify and Tidal ETFs.
Find the right allocation for PCR and HFND
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