HFMF vs QQQ
Unlimited HFMF Managed Futures 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 | HFMF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.18% | |
| AUM | $23M | $496.3B | |
| Dividend Yield | 2.88% | 0.44% | |
| Holdings | 13 | 108 | |
| YTD Return | +3.18% | +16.64% | |
| 1Y Return | +10.11% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 11.7% | 30.6% | |
| Max Drawdown | -15.1% | -83.0% | |
| Fund Family | Unlimited Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | Mar 10, 1999 |
HFMF vs QQQ Performance
Unlimited HFMF Managed Futures ETF (HFMF) is a ETF from Unlimited Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HFMF returned +10.11% while QQQ returned +27.27%. Year to date, HFMF is up 3.18% 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 11.7% 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 -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 -0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.88% against 0.44% for QQQ.
Holdings Overlap
HFMF and QQQ share 0 holdings out of 103 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 QQQ?
HFMF has an expense ratio of 0.97% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, HFMF or QQQ?
Over the past year HFMF returned +10.11% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), HFMF annualized +9.37% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HFMF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 11.7% for HFMF. Worst drawdown: HFMF -15.1% vs QQQ -83.0%.
Should I hold both HFMF and QQQ?
HFMF and QQQ have a monthly-return correlation of -0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFMF and QQQ?
HFMF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, HFMF or QQQ?
HFMF yields 2.88% while QQQ yields 0.44%, so HFMF currently pays the higher dividend yield.
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