Unlimited HFGM Global Macro ETF (HFGM) Performance
HFGM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.7% since Dec 31, 2025
- 1 year
- +3.0% total return
- Since first price
- +33.8% since 2025
HFGM trailing returns vs AGG, TLT, SPY
| Period | HFGM total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −4.5% | −4.5% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.7% | −2.7% | −0.4% | −1.0% | +3.2% |
| 6 months | −8.7% | −8.7% | −1.5% | −3.8% | +7.8% |
| YTD | +5.7% | +5.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.0% | −7.0% | −1.1% | −6.9% | +14.4% |
| Since inceptionApr 15, 2025 | +33.8% | +20.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HFGM vs AGG
From Apr 15, 2025: HFGM grew to $13,380, AGG to $10,416.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HFGM returns by calendar year
2026 is year to date.
HFGM annual returns table
| Year | HFGM | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +5.7% | −15.1% | −1.0% | −3.4% | +12.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HFGM largest drawdowns
Now 12.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 10, 2026 | −15.1% | Jun 24, 2026 | not yet | 3 months | 7 months so far |
| Oct 20, 2025 | −10.2% | Nov 20, 2025 | Jan 6, 2026 | 31 days | 3 months |
| Jan 29, 2026 | −8.7% | Feb 5, 2026 | Mar 10, 2026 | 7 days | 40 days |
| Oct 6, 2025 | −7.1% | Oct 10, 2025 | Oct 16, 2025 | 4 days | 10 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
HFGM risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +24.2% |
| Volatility (annualized) | 16.6% |
| Sharpe ratio | 1.17 |
| Sortino ratio | 2.29 |
| Best month | +12.4% |
| Worst month | −8.0% |
| Best 12 months | +44.4% |
| Worst 12 months | +9.8% |
| Positive months | 59% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HFGM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +4.0% | +23.1% | +44.4% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
HFGM performance overview
Unlimited HFGM Global Macro ETF (HFGM) returned +3.0% over the past year, with distributions reinvested. Since its first recorded price on Apr 15, 2025 it has returned +33.8%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −15.1%, from Mar 10, 2026 to Jun 24, 2026; the fund has not yet regained that high. Volatility has been 16.6% a year.
Related: HFGM chart, HFGM dividends, HFGM bond profile. See the HFGM overview for the latest quote and fund facts.
HFGM performance FAQ
What is the HFGM return over the past year?
HFGM returned +3.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.0%.
How much would $10,000 invested in HFGM be worth?
$10,000 invested in HFGM at its first recorded close on April 15, 2025 would be worth about $13,380 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of HFGM?
The largest peak-to-trough decline was −15.1% between March 10, 2026 and June 24, 2026. It has not yet recovered to that high; it is 12.9% below its peak.
How volatile is HFGM?
Over the past history HFGM had an annualized volatility of 16.6% and a Sharpe ratio of 1.17 (excess return over 1–3 month T-bills per unit of risk).