HFMF vs VOO

Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricHFMFVOOWinner
Expense Ratio0.97%0.03%
AUM$24M$979.0B
Dividend Yield0.00%1.09%
Holdings18509
YTD Return+3.49%+14.48%
1Y Return+8.19%+22.02%
3Y Return (annualized)-+21.80%
5Y Return (annualized)-+13.36%
Volatility (annualized)11.7%14.2%
Max Drawdown-15.1%-34.3%
Fund FamilyUnlimited FundsVanguard (US)
CategoryAlternativeEquity
InceptionJul 14, 2025Sep 7, 2010

HFMF vs VOO Performance

Unlimited HFMF Managed Futures ETF (HFMF) is a ETF from Unlimited Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HFMF returned +8.19% while VOO returned +22.02%. Year to date, HFMF is up 3.49% versus a gain of 14.48% for VOO.

Risk: Volatility and Drawdowns

VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

HFMF charges 0.97% per year while VOO 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 0.00% against 1.09% for VOO.

Holdings Overlap

0.0%overlap

HFMF and VOO 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 VOO?

HFMF has an expense ratio of 0.97% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $94 per year of difference.

Which performed better, HFMF or VOO?

Over the past year HFMF returned +8.19% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), HFMF annualized +9.88% vs +13.61% for VOO. Past performance does not guarantee future results.

Which is riskier, HFMF or VOO?

VOO has been the more volatile fund at 14.2% annualized versus 11.7% for HFMF. Worst drawdown: HFMF -15.1% vs VOO -34.3%.

Should I hold both HFMF and VOO?

HFMF and VOO have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between HFMF and VOO?

HFMF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.

Which pays a higher dividend, HFMF or VOO?

HFMF yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.

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