HFMF vs IVV
Unlimited HFMF Managed Futures ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HFMF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.03% | |
| AUM | $23M | $907.0B | |
| Dividend Yield | 2.88% | 1.10% | |
| Holdings | 13 | 508 | |
| YTD Return | +2.39% | +12.28% | |
| 1Y Return | +8.45% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 11.8% | 15.1% | |
| Max Drawdown | -15.1% | -56.5% | |
| Fund Family | Unlimited Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | May 15, 2000 |
HFMF vs IVV Performance
Unlimited HFMF Managed Futures ETF (HFMF) is a ETF from Unlimited Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HFMF returned +8.45% while IVV returned +20.94%. Year to date, HFMF is up 2.39% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.8% for HFMF. 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 HFMF and -56.5% for IVV. 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HFMF charges 0.97% per year while IVV charges 0.03%. On a $10,000 position that is $97 vs $3 annually, a gap of $94 per year that compounds over a long holding period. On income, HFMF currently yields 2.88% against 1.10% for IVV.
Holdings Overlap
HFMF and IVV share 0 holdings out of 506 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, HFMF or IVV?
HFMF has an expense ratio of 0.97% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, HFMF or IVV?
Over the past year HFMF returned +8.45% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), HFMF annualized +8.63% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HFMF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.8% for HFMF. Worst drawdown: HFMF -15.1% vs IVV -56.5%.
Should I hold both HFMF and IVV?
HFMF and IVV have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFMF and IVV?
HFMF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, HFMF or IVV?
HFMF yields 2.88% while IVV yields 1.10%, so HFMF currently pays the higher dividend yield.
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