HFMF vs BRF
Comparison between UNLIMITED HFMF MANAGED FUTURES ETF (HFMF, ETF) and VANECK BRAZIL SMALL-CAP ETF (BRF, ETF).
HFMF vs BRF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HFMF
$22M
BRF
$22M
Expense Ratio
HFMF
0.97%
Winner
BRF
0.60%
Max Drawdown
Winner
HFMF
14.69%
BRF
86.58%
Sharpe Ratio
Winner
HFMF
0.71
BRF
0.61
5Y Beta
Winner
HFMF
0.53
BRF
0.78
5Y Dividends CAGR
HFMF
N/A
BRF
4.96%
HFMF vs BRF - Holdings Comparison
HFMF and BRF have 1 common holdings. Overlap is -12.32%
HFMF's top 25 holdings weight is 150.85%. BRF's top 25 holdings weight is 58.51%.
| Rank | HFMF | BRF |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 78.80% | n/a (n/a) - 3.99% |
| #2 | EURO FX FUTURE JUNE 26 (n/a) - 19.92% | BRAVA ENERGIA SA ORDINARY SHARES (n/a) - 3.38% |
| #3 | OTHER ASSETS AND LIABILITIES (n/a) - 19.44% | n/a (n/a) - 3.10% |
| #4 | CASH OFFSET (n/a) - 16.94% | CYRELA BRAZIL REALTY SA EMPREEND E PART (n/a) - 3.07% |
| #5 | CRUDE OIL FUTURE JULY 26 (n/a) - 14.88% | n/a (n/a) - 2.99% |
| #6 | AUSTRALIAN DOLLAR FUTURE JUNE 26 (n/a) - 9.17% | ITURAN LOCATION AND CONTROL LTD (ITRN) - 2.73% |
| #7 | LIVE CATTLE FUTURE JUNE 26 (n/a) - 3.32% | SIGMA LITHIUM CORP (n/a) - 2.71% |
| #8 | COPPER FUTURE JULY 26 (n/a) - 2.58% | MARCOPOLO SA PARTICIPATING PREFERRED (n/a) - 2.66% |
| #9 | SUGAR NO 11 FUTURE JULY 26 (n/a) - 2.45% | n/a (n/a) - 2.65% |
| #10 | CBOE VIX FUTURE JUN26 (n/a) - 2.26% | FLEURY SA (n/a) - 2.49% |
| #11 | GOLD FUTURE JUNE 26 (n/a) - 1.83% | SYLVAMO CORP ORDINARY SHARES WHEN ISSUED (SLVM) - 2.34% |
| #12 | NIKKEI/USD FUTURE JUNE 26 (n/a) - 1.20% | DIRECIONAL ENGENHARIA SA (n/a) - 2.32% |
| #13 | SOYBEAN FUTURE JULY 26 (n/a) - -0.99% | n/a (n/a) - 2.26% |
| #14 | E-MINI S&P 500 FUTURE JUNE 26 (n/a) - -1.50% | ARCOS DORADOS HOLDINGS INC CLASS A (ARCO) - 2.22% |
| #15 | COFFEE C FUTURE JULY 26 (n/a) - -1.52% | COGNAEDUCACAO SA (n/a) - 2.22% |
| #16 | COCOA FUTURE JULY 26 (n/a) - -1.69% | BRADESPAR SA PARTICIPATING PREFERRED (n/a) - 2.07% |
| #17 | CORN FUTURE JULY 26 (n/a) - -1.88% | AUREN ENERGIA SA (n/a) - 2.05% |
| #18 | C$ CURRENCY FUT JUN26 (n/a) - -2.04% | JHSF PARTICIPACOES SA (n/a) - 1.95% |
| #19 | BRITISH POUND FUTURE JUNE 26 (n/a) - -12.32% | n/a (n/a) - 1.71% |
| #20 | N/A | BRADSAUDE SA (n/a) - 1.68% |
| #21 | N/A | n/a (n/a) - 1.65% |
| #22 | N/A | n/a (n/a) - 1.64% |
| #23 | N/A | IRB BRASIL RESSEGUROS SA (n/a) - 1.58% |
| #24 | N/A | n/a (n/a) - 1.56% |
| #25 | N/A | VIVARA PARTICIPACOES SA ORDINARY SHARES (n/a) - 1.49% |
| Total Holdings | 19 | 91 |
HFMF vs BRF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HFMF
+3.16%
BRF
-1.53%
3M
Winner
HFMF
-3.93%
BRF
-18.97%
6M
Winner
HFMF
-0.25%
BRF
-7.96%
1Y
HFMF
+14.33%
Winner
BRF
+18.56%
5Y(CAGR)
HFMF
N/A
BRF
-3.03%
10Y(CAGR)
HFMF
N/A
BRF
+3.51%
Max(CAGR)
Winner
HFMF
+13.54%
BRF
+1.49%
HFMF vs BRF - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | HFMF | BRF |
|---|---|---|
| 2026 | +6.39% | +0.16% |
| 2025 | +6.35% | +54.42% |
| 2024 | N/A | -32.46% |
| 2023 | N/A | +47.39% |
| 2022 | N/A | -10.42% |
| 2021 | N/A | -18.53% |
| 2020 | N/A | -22.59% |
| 2019 | N/A | +34.50% |
| 2018 | N/A | -14.38% |
| 2017 | N/A | +50.03% |
| 2016 | N/A | +66.64% |
| 2015 | N/A | -47.24% |
| 2014 | N/A | -23.08% |
| 2013 | N/A | -29.92% |
| 2012 | N/A | +14.92% |
| 2011 | N/A | -31.07% |
| 2010 | N/A | +21.42% |
| 2009 | N/A | +104.01% |
HFMF vs BRF Drawdown Comparison
The maximum drawdown for HFMF was -14.69%, occurring on Jun 24, 2026. This drawdown has not yet recovered.
The maximum drawdown for BRF was -82.22%, occurring on Jan 21, 2016. This drawdown has not yet recovered.
The current HFMF drawdown is -10.48%. The current BRF drawdown is -51.07%.
| Rank | HFMF | BRF |
|---|---|---|
| #1 | -14.69% Mar 10, 2026 - Jun 24, 2026 | -82.22% Apr 21, 2011 - Jan 21, 2016 |
| #2 | -6.55% Oct 20, 2025 - Dec 23, 2025 | -24.81% Jan 11, 2010 - Aug 17, 2010 |
| #3 | -5.81% Jan 29, 2026 - Feb 25, 2026 | -15.50% Nov 4, 2010 - Apr 21, 2011 |
| #4 | -4.73% Oct 6, 2025 - Oct 20, 2025 | -12.47% Oct 15, 2009 - Nov 9, 2009 |
| #5 | -2.99% Dec 26, 2025 - Jan 5, 2026 | -10.76% Jun 11, 2009 - Jul 15, 2009 |
| #6 | -2.20% Feb 25, 2026 - Mar 6, 2026 | -7.19% Dec 2, 2009 - Dec 31, 2009 |
| #7 | -2.04% Aug 13, 2025 - Aug 22, 2025 | -6.69% Aug 21, 2009 - Sep 8, 2009 |
| #8 | -1.71% Jan 14, 2026 - Jan 21, 2026 | -6.65% Oct 13, 2010 - Nov 3, 2010 |
| #9 | -1.39% Sep 22, 2025 - Oct 6, 2025 | -6.10% Aug 5, 2009 - Aug 20, 2009 |
| #10 | -1.22% Jul 15, 2025 - Jul 22, 2025 | -4.89% Jun 2, 2009 - Jun 11, 2009 |
| #11 | -1.07% Aug 28, 2025 - Sep 11, 2025 | -3.40% Nov 9, 2009 - Nov 16, 2009 |
| #12 | -0.93% Jul 23, 2025 - Aug 7, 2025 | -3.18% Sep 16, 2009 - Sep 30, 2009 |
| #13 | -0.92% Jan 6, 2026 - Jan 9, 2026 | -3.11% Nov 17, 2009 - Nov 25, 2009 |
| #14 | -0.69% Aug 22, 2025 - Aug 27, 2025 | -3.08% May 19, 2009 - May 26, 2009 |
| #15 | -0.45% Sep 16, 2025 - Sep 22, 2025 | -2.44% Sep 30, 2009 - Oct 5, 2009 |
Correlation
Correlation between HFMF and BRF is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2009 - 2025)
HFMF vs BRF dividend yield comparison.
| Year | HFMF | BRF |
|---|---|---|
| 2025 | 2.97% | 5.54% |
| 2024 | 0.00% | 4.08% |
| 2023 | 0.00% | 5.02% |
| 2022 | 0.00% | 4.13% |
| 2021 | 0.00% | 2.96% |
| 2020 | 0.00% | 1.66% |
| 2019 | 0.00% | 2.54% |
| 2018 | 0.00% | 2.89% |
| 2017 | 0.00% | 4.53% |
| 2016 | 0.00% | 4.25% |
| 2015 | 0.00% | 3.84% |
| 2014 | 0.00% | 4.23% |
| 2013 | 0.00% | 1.85% |
| 2012 | 0.00% | 1.50% |
| 2011 | 0.00% | 11.02% |
| 2010 | 0.00% | 6.20% |
| 2009 | 0.00% | 0.91% |
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