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Unlimited HFND Multi-Strategy Return Tracker ETF

HFND
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 10 2022
Expense Ratio
1.03%
Type
Global Hedge Fund
Fund Owner
Unlimited
Volume (1m avg. daily)
$461,093
AUM
$59,717,970
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
Cash & Other
14.73%
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
12.66%
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
10.09%
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
8.41%
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
6.64%
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
6.52%
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
5.48%
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
4.51%
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
4.35%
DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
4.18%
Invest with HFND

What is HFND?

The fund seeks to create a portfolio with return characteristics similar to the hedge fund industry's gross of fees returns, and believes the fund may outperform the hedge fund industry net of fees returns by charging comparatively lower expenses. The fund does this by using a proprietary machine learning algorithm to create a portfolio which best matches the most recent month's returns of each major hedge fund style (such as long/short equity, global macro, event-driven, fixed income arbitrage, emerging markets, managed futures, and multi-strategy). The fund then aggregates these portfolios based on the relative asset levels in each hedge fund style into a total hedge fund industry model. The fund's investment portfolio generally consists of long and short positions in 30 to 50 Underlying ETFs and futures contracts.

ETFs related toHFND

ETFs correlated to HFND include SPGM, AVGE, VT

HFND
Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HFND is a Global Hedge Fund ETF. The fund seeks to create a portfolio with return characteristics similar to the hedge fund industry's gross of fees returns, and believes the fund may outperform the hedge fund industry net of fees returns by charging comparatively lower expenses. The fund does this by using a proprietary machine learning algorithm to create a portfolio which best matches the most recent month's returns of each major hedge fund style (such as long/short equity, global macro, event-driven, fixed income arbitrage, emerging markets, managed futures, and multi-strategy). The fund then aggregates these portfolios based on the relative asset levels in each hedge fund style into a total hedge fund industry model. The fund's investment portfolio generally consists of long and short positions in 30 to 50 Underlying ETFs and futures contracts.

Yes, HFND is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HFND is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HFND is 0.0084%. This is the percent change in the value of HFND over the most recent 1-month period. The 3-month return on HFND is 0.0056%. This is the percent change in the value of HFND over the most recent 3-month period.

ETFs similar to HFND include AMLP, AMJ, and PSK.

ETFs correlated to HFND include SPGM, AVGE, and VT.

ETFs that are inversely correlated to HFND include SEF, TZA, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.