Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) Performance
HFND total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.3% since Dec 31, 2025
- 1 year
- +3.2% total return
- 3 years
- +9.4% a year
- Since first price
- +6.8% a year since 2022
HFND trailing returns vs AGG, TLT, SPY
| Period | HFND total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −2.7% | −2.7% | +0.9% | +1.5% | −1.0% |
| 3 months | −3.0% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −1.9% | −1.5% | −3.8% | +7.8% |
| YTD | +4.3% | +4.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.2% | −1.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +30.9%+9.4%/yr | +18.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionOct 11, 2022 | +30.5%+6.8%/yr | +17.6% | — | — | — |
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: HFND vs AGG
From Oct 11, 2022: HFND grew to $13,051, AGG to $11,632.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HFND returns by calendar year
3 of 3 full years positive. Best 2025 (+8.9%), worst 2023 (+3.6%). 2026 is year to date.
HFND annual returns table
| Year | HFND | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +4.3% | −5.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.9% | −13.3% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.3% | −5.4% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.6% | −7.0% | +5.7% | +2.8% | +26.2% |
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.
HFND largest drawdowns
Now 5.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −13.3% | Apr 8, 2025 | Jul 23, 2025 | 48 days | 5 months |
| Feb 2, 2023 | −7.0% | Oct 27, 2023 | Feb 15, 2024 | 9 months | 1.0 years |
| Jul 16, 2024 | −5.4% | Aug 6, 2024 | Sep 24, 2024 | 21 days | 2 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
HFND risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +9.2% | +6.9% |
| Volatility (annualized) | 7.1% | 7.5% |
| Sharpe ratio | 0.67 | 0.35 |
| Sortino ratio | 1.05 | 0.52 |
| Best month | +3.9% | +3.9% |
| Worst month | −3.2% | −3.2% |
| Best 12 months | +20.4% | +20.4% |
| Worst 12 months | +1.5% | −2.0% |
| Positive months | 61% | 57% |
| Beta vs S&P 500 | 0.47 | — |
| Correlation with S&P 500 | 0.81 | — |
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.
HFND rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | −2.0% | +8.3% | +20.4% | 92% |
| 3-year (a year) | 13 | +6.4% | +8.6% | +10.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
HFND performance overview
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) returned +3.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +6.8% a year, turning $10,000 into about $13,051. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.3%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. HFND finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+8.9%) and the worst 2023 (+3.6%). Volatility has been 7.5% a year.
Related: HFND chart, HFND holdings, HFND dividends, HFND bond profile. See the HFND overview for the latest quote and fund facts.
HFND performance FAQ
What is the HFND return over the past year?
HFND returned +3.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.7%.
How much would $10,000 invested in HFND be worth?
$10,000 invested in HFND at its first recorded close on October 11, 2022 would be worth about $13,051 on October 23, 2026 with distributions reinvested.
What was the worst year for HFND?
The worst calendar year was 2023, with a total return of +3.6%. The best was 2025 at +8.9%.
What is the biggest drawdown of HFND?
The largest peak-to-trough decline was −13.3% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 23, 2025, 3 months after the bottom.
How volatile is HFND?
Over the past 3 years HFND had an annualized volatility of 7.1% and a Sharpe ratio of 0.67 (excess return over 1–3 month T-bills per unit of risk).