SDMF vs. HFMF

Last updated Jun 3, 2026

SDMF (Simplify DBi CTA Managed Futures Index ETF) and HFMF (Unlimited HFMF Managed Futures ETF) are both Systematic Trend funds. SDMF is passively managed, while HFMF is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. SDMF charges 0.35%/yr vs 0.97%/yr for HFMF.

Performance

SDMF vs. HFMF - Performance Comparison

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

Returns By Period

SDMF

• 1D: 0.00%
• 1M: 2.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HFMF

• 1D: -0.33%
• 1M: -1.92%
• YTD: 8.30%
• 6M: 10.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDMF vs. HFMF - Yearly Performance Comparison

	2026 (YTD)
SDMF Simplify DBi CTA Managed Futures Index ETF	3.28%
HFMF Unlimited HFMF Managed Futures ETF	-3.07%

Correlation

The correlation between SDMF and HFMF is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	0.59

Return for Risk

SDMF vs. HFMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SDMF	HFMF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	1.04	-0.12

Drawdowns

SDMF vs. HFMF - Drawdown Comparison

The maximum SDMF drawdown since its inception was -6.23%, smaller than the maximum HFMF drawdown of -10.00%. Use the drawdown chart below to compare losses from any high point for SDMF and HFMF.

Drawdown Indicators

	SDMF	HFMF	Difference
Max Drawdown Largest peak-to-trough decline	-6.23%	-10.00%	+3.77%
Current Drawdown Current decline from peak	0.00%	-9.37%	+9.37%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.83%	+0.54%

Volatility

Volatility by Period

	SDMF	HFMF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	16.81%	-3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	16.81%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.36%	16.81%	-3.45%

SDMF vs. HFMF - Expense Ratio Comparison

SDMF has a 0.35% expense ratio, which is lower than HFMF's 0.97% expense ratio.

Dividends

SDMF vs. HFMF - Dividend Comparison

SDMF has not paid dividends to shareholders, while HFMF's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025
HFMF Unlimited HFMF Managed Futures ETF	2.74%	2.97%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDMF and HFMF in my portfolio?

SDMF and HFMF have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDMF or HFMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDMF or HFMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.97% for HFMF.

Which ETF pays a higher dividend yield, SDMF or HFMF?

HFMF has the higher dividend yield at 2.74%, compared with 0.00% for SDMF.

What is the main difference between SDMF and HFMF?

They also come from different issuers: Simplify and Unlimited. Their fees differ too: 0.35% for SDMF and 0.97% for HFMF.