HFMF vs QQQ
Unlimited HFMF Managed Futures ETF vs Invesco QQQ Trust, Series 1
Which is better, HFMF or QQQ?
Managed Futures against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HFMF | QQQ |
|---|---|---|
| Expense Ratio | 0.97% | 0.18%Best |
| AUM | $26M | $483.5B |
| Dividend Yield | 2.86% | 0.44% |
| Holdings | 13 | 107 |
| YTD Return | +5.49% | +16.87%Best |
| 1Y Return | +7.99% | +22.98%Best |
| 3Y Return (annualized) | - | +24.98% |
| 5Y Return (annualized) | - | +14.39% |
| Volatility (annualized) | 11.3%Best | 20.5% |
| Max Drawdown | -15.1% | -12.0%Best |
| $10,000 over 1.2 years | $11,332 | $13,023Best |
| Fund Family | Unlimited Funds | Invesco (US) |
| Category | Alternative | Equity |
| Style | Managed Futures | Large Cap Growth |
| Inception | Jul 14, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 15, 2025 to Sep 11, 2026 (1.2 years).
HFMF vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
HFMF vs QQQ Performance
Unlimited HFMF Managed Futures ETF (HFMF) is an ETF from Unlimited Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year HFMF returned +7.99% while QQQ returned +22.98%. Year to date, HFMF is up 5.49% versus a gain of 16.87% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 11.3% 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 -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.18. They move largely independently of each other.
Fees and Cost Over Time
HFMF charges 0.97% per year while QQQ charges 0.18%. On a $10,000 position that is $97 vs $18 annually, a gap of $79 per year that compounds over a long holding period. On income, HFMF currently yields 2.86% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in HFMF and 102 in QQQ, totalling 89.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in HFMF and 102 in QQQ, against full books of 13 and 107.
You are not choosing between two funds in isolation.
Whichever of HFMF and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HFMF or QQQ?
HFMF has an expense ratio of 0.97% while QQQ charges 0.18%. QQQ is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, HFMF or QQQ?
Over the past year HFMF returned +7.99% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HFMF annualized +10.98% vs +24.62% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFMF or QQQ?
QQQ has been the more volatile fund at 20.5% annualized versus 11.3% for HFMF. Worst drawdown: HFMF -15.1% vs QQQ -12.0%.
Should I hold both HFMF and QQQ?
HFMF and QQQ have a monthly-return correlation of -0.18, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HFMF or QQQ?
HFMF yields 2.86% while QQQ yields 0.44%, so HFMF currently pays the higher dividend yield.
Is QQQ better than HFMF?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.