HFND vs SPY
Unlimited HFND Multi-Strategy Return Tracker ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HFND or SPY?
Allocation/Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y 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 | HFND | SPY |
|---|---|---|
| Expense Ratio | 1.07% | 0.09%Best |
| AUM | $38M | $804.7B |
| Dividend Yield | 4.70% | 0.98% |
| Holdings | 47 | 505 |
| YTD Return | +7.06% | +12.09%Best |
| 1Y Return | +7.86% | +16.29%Best |
| 3Y Return (annualized) | +9.12% | +21.20%Best |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 7.4%Best | 13.0% |
| Max Drawdown | -13.3%Best | -18.8% |
| $10,000 over 3.9 years | $13,355 | $22,200Best |
| Fund Family | Unlimited Funds | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Oct 10, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 11, 2022 to Sep 18, 2026 (3.9 years).
HFND vs SPY 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 3.9 years both funds cover.
HFND vs SPY Performance
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an ETF from Unlimited Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HFND returned +7.86% while SPY returned +16.29%. Year to date, HFND is up 7.06% versus a gain of 12.09% for SPY.
Over three years, HFND compounded at +9.12% per year against +21.20% for SPY. Across the full 4-year window we track, SPY has the edge at +22.69% annualized vs +7.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.0% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HFND charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, HFND currently yields 4.70% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 23 holdings in HFND and 504 in SPY, totalling 92.7% 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 23 positions we hold weights for in HFND and 504 in SPY, against full books of 47 and 505.
You are not choosing between two funds in isolation.
Whichever of HFND and SPY 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, HFND or SPY?
HFND has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, HFND or SPY?
Over the past year HFND returned +7.86% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), HFND annualized +7.70% vs +22.69% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFND or SPY?
SPY has been the more volatile fund at 13.0% annualized versus 7.4% for HFND. Worst drawdown: HFND -13.3% vs SPY -18.8%.
Should I hold both HFND and SPY?
HFND and SPY have a monthly-return correlation of 0.83, 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, HFND or SPY?
HFND yields 4.70% while SPY yields 0.98%, so HFND currently pays the higher dividend yield.
Is SPY better than HFND?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.