HFND vs QQQ
Unlimited HFND Multi-Strategy Return Tracker 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 | HFND | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.18% | |
| AUM | $38M | $496.3B | |
| Dividend Yield | 4.74% | 0.44% | |
| Holdings | 47 | 108 | |
| YTD Return | +8.42% | +16.23% | |
| 1Y Return | +13.17% | +26.23% | |
| 3Y Return (annualized) | +10.01% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 7.4% | 30.6% | |
| Max Drawdown | -13.3% | -83.0% | |
| Fund Family | Unlimited Funds | Invesco (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 10, 2022 | Mar 10, 1999 |
HFND vs QQQ Performance
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is a ETF from Unlimited Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HFND returned +13.17% while QQQ returned +26.23%. Year to date, HFND is up 8.42% versus a gain of 16.23% for QQQ.
Over three years, HFND compounded at +10.01% per year against +25.75% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.02% annualized vs +8.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 7.4% for HFND. 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 -13.3% for HFND 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HFND charges 1.07% per year while QQQ charges 0.18%. On a $10,000 position that is $107 vs $18 annually, a gap of $89 per year that compounds over a long holding period. On income, HFND currently yields 4.74% against 0.44% for QQQ.
Holdings Overlap
HFND and QQQ share 0 holdings out of 130 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, HFND or QQQ?
HFND has an expense ratio of 1.07% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, HFND or QQQ?
Over the past year HFND returned +13.17% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), HFND annualized +8.22% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, HFND or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 7.4% for HFND. Worst drawdown: HFND -13.3% vs QQQ -83.0%.
Should I hold both HFND and QQQ?
HFND and QQQ have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFND and QQQ?
HFND and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, HFND or QQQ?
HFND yields 4.74% while QQQ yields 0.44%, so HFND currently pays the higher dividend yield.
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