Unlimited HFMF Managed Futures ETF (HFMF) Performance
HFMF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.4% since Dec 31, 2025
- 1 year
- +9.2% total return
- Since first price
- +16.3% since 2025
HFMF trailing returns vs SPY, QQQ, AGG
| Period | HFMF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.9% | +1.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.8% | +1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.1% | −2.1% | +7.8% | +8.4% | −1.5% |
| YTD | +9.4% | +9.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.2% | +6.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 15, 2025 | +16.3% | +13.0% | — | — | — |
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: HFMF vs SPY
From Jul 15, 2025: HFMF grew to $11,629, SPY to $12,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HFMF returns by calendar year
2026 is year to date.
HFMF annual returns table
| Year | HFMF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.4% | −15.1% | +12.3% | +15.1% | −1.0% |
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.
HFMF largest drawdowns
Now 8.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 10, 2026 | −15.1% | Aug 3, 2026 | not yet | 5 months | 7 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HFMF risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +13.0% |
| Volatility (annualized) | 11.7% |
| Sharpe ratio | 0.79 |
| Sortino ratio | 1.72 |
| Best month | +9.1% |
| Worst month | −4.0% |
| Best 12 months | +10.4% |
| Worst 12 months | +6.8% |
| Positive months | 64% |
| 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.
HFMF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | +6.8% | +9.7% | +10.4% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
HFMF performance overview
Unlimited HFMF Managed Futures ETF (HFMF) returned +9.2% over the past year, with distributions reinvested. Since its first recorded price on Jul 15, 2025 it has returned +16.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −15.1%, from Mar 10, 2026 to Aug 3, 2026; the fund has not yet regained that high. Volatility has been 11.7% a year.
Related: HFMF chart, HFMF dividends. See the HFMF overview for the latest quote and fund facts.
HFMF performance FAQ
What is the HFMF return over the past year?
HFMF returned +9.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.1%.
How much would $10,000 invested in HFMF be worth?
$10,000 invested in HFMF at its first recorded close on July 15, 2025 would be worth about $11,629 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of HFMF?
The largest peak-to-trough decline was −15.1% between March 10, 2026 and August 3, 2026. It has not yet recovered to that high; it is 8.5% below its peak.
How volatile is HFMF?
Over the past history HFMF had an annualized volatility of 11.7% and a Sharpe ratio of 0.79 (excess return over 1–3 month T-bills per unit of risk).