HFGM vs QQQ
Unlimited HFGM Global Macro ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | HFGM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.18% | |
| AUM | $162M | $496.3B | |
| Dividend Yield | 10.69% | 0.44% | |
| Holdings | 34 | 108 | |
| YTD Return | +9.04% | +16.64% | |
| 1Y Return | +22.81% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 17.1% | 30.6% | |
| Max Drawdown | -15.1% | -83.0% | |
| Fund Family | Unlimited Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 14, 2025 | Mar 10, 1999 |
HFGM vs QQQ Performance
Unlimited HFGM Global Macro ETF (HFGM) is a ETF from Unlimited Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HFGM returned +22.81% while QQQ returned +27.27%. Year to date, HFGM is up 9.04% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.1% for HFGM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.1% for HFGM and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HFGM charges 1.01% per year while QQQ charges 0.18%. On a $10,000 position that is $101 vs $18 annually, a gap of $83 per year that compounds over a long holding period. On income, HFGM currently yields 10.69% against 0.44% for QQQ.
Holdings Overlap
HFGM and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HFGM or QQQ?
HFGM has an expense ratio of 1.01% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, HFGM or QQQ?
Over the past year HFGM returned +22.81% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HFGM annualized +28.00% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HFGM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.1% for HFGM. Worst drawdown: HFGM -15.1% vs QQQ -83.0%.
Should I hold both HFGM and QQQ?
HFGM and QQQ have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFGM and QQQ?
HFGM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, HFGM or QQQ?
HFGM yields 10.69% while QQQ yields 0.44%, so HFGM currently pays the higher dividend yield.
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