HFND vs SPY
Unlimited HFND Multi-Strategy Return Tracker ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HFND | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.09% | |
| AUM | $36M | $789.1B | |
| Dividend Yield | 3.52% | 1.01% | |
| Holdings | 47 | 505 | |
| YTD Return | +9.21% | +13.68% | |
| 1Y Return | +14.08% | +21.53% | |
| 3Y Return (annualized) | +9.74% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 7.4% | 15.3% | |
| Max Drawdown | -13.3% | -56.5% | |
| Fund Family | Unlimited Funds | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 10, 2022 | Jan 22, 1993 |
HFND vs SPY Performance
Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is a ETF from Unlimited Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HFND returned +14.08% while SPY returned +21.53%. Year to date, HFND is up 9.21% versus a gain of 13.68% for SPY.
Over three years, HFND compounded at +9.74% per year against +21.44% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +8.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.83. 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 3.52% against 1.01% for SPY.
Holdings Overlap
HFND and SPY share 0 holdings out of 531 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 SPY?
HFND has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, HFND or SPY?
Over the past year HFND returned +14.08% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), HFND annualized +8.47% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, HFND or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.4% for HFND. Worst drawdown: HFND -13.3% vs SPY -56.5%.
Should I hold both HFND and SPY?
HFND and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HFND and SPY?
HFND and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, HFND or SPY?
HFND yields 3.52% while SPY yields 1.01%, so HFND currently pays the higher dividend yield.
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