HFND vs CCEF
Comparison between UNLIMITED HFND MULTI-STRATEGY RETURN TRACKER ETF (HFND, ETF) and Calamos CEF Income & Arbitrage ETF (CCEF, ETF).
HFND vs CCEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HFND
$32M
CCEF
$32M
Expense Ratio
Winner
HFND
1.07%
CCEF
3.19%
Max Drawdown
Winner
HFND
15.44%
CCEF
15.80%
Sharpe Ratio
Winner
HFND
1.28
CCEF
1.22
5Y Beta
Winner
HFND
0.52
CCEF
0.56
HFND vs CCEF - Holdings Comparison
HFND and CCEF have 1 common holdings. Overlap is -23.59%
HFND's top 25 holdings weight is 149.98%. CCEF's top 25 holdings weight is 67.82%.
| Rank | HFND | CCEF |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 38.72% | EATON VANCE TAX-MANGD GLO BUY-WRITE OPPO (ETW) - 3.98% |
| #2 | CBOE HIGH YIELD CORPORATE BOND INDEX FUTURE JUNE 26 (n/a) - 28.90% | VIRTUS ALLIANZGI EQUITY & CONVERTIBLE INCOME FUND (NIE) - 3.79% |
| #3 | MSCI EMERGING MARKETS INDEX FUTURE JUNE 26 (n/a) - 11.12% | EATON VANCE RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND (ETJ) - 3.70% |
| #4 | OTHER ASSETS AND LIABILITIES (n/a) - 8.25% | LIBERTY ALL STAR GROWTH FUND INC (ASG) - 3.68% |
| #5 | ISHARES AGENCY BOND ETF (AGZ) - 5.84% | BEXIL INVESTMENT TRUST (BXSY) - 3.68% |
| #6 | VANGUARD VALUE ETF (VTV) - 5.80% | NEUBERGER REAL EST SECURITIES INC (NRO) - 3.41% |
| #7 | VANGUARD FTSE EUROPE ETF (VGK) - 5.60% | NEUBERGER ENERGY INFRA AND INCOME INC (NML) - 2.92% |
| #8 | CBOE VIX FUTURE MAY26 (n/a) - 4.54% | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY (EMO) - 2.91% |
| #9 | VANGUARD GROWTH ETF (VUG) - 4.33% | EATON VANCE ENHANCED EQUITY INCOME FUND II (EOS) - 2.87% |
| #10 | MSCI EAFE INDEX FUTURE JUNE 26 (n/a) - 4.12% | ADAMS NATURAL RESOURCES FUND INC (PEO) - 2.84% |
| #11 | E-MINI S&P 500 FUTURE JUNE 26 (n/a) - 3.49% | EATON VANCE SENIOR FLOATING RATE TRUST (EFR) - 2.75% |
| #12 | ISHARES CONVERTIBLE BOND ETF (ICVT) - 3.21% | TEMPLETON EMERGING MARKETS FUND (EMF) - 2.67% |
| #13 | STATE STREET®FINSELSECTSPDR®ETF (XLF) - 3.13% | JOHN HANCOCK PREMIUM DIV FUND (PDT) - 2.60% |
| #14 | BCOM COMDTY IND JUN26 (n/a) - 2.75% | BLACKROCK HEALTH SCIENCES TERM TRUST (BMEZ) - 2.51% |
| #15 | STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 2.50% | GAMCO GLOBAL GOLD NATURAL RESOURCES & INCOME TRUST (GGN) - 2.46% |
| #16 | STATE STREET®MATSELSECTSPDR®ETF (XLB) - 2.48% | NUVEEN MULTI-ASSET INCOME (NMAI) - 2.43% |
| #17 | ISHARES J.P. MORGAN EM HIGH YLD BD ETF (EMHY) - 2.20% | VIRTUS ARTIFICIAL INTELLIGENCE & TECHNOLOGY OPPORTUNITIES FUND (AIO) - 2.42% |
| #18 | AUSTRALIAN DOLLAR FUTURE JUNE 26 (n/a) - 1.97% | COHEN & STEERS INFRASTRUCTURE FUND INC (UTF) - 2.16% |
| #19 | VANGUARD MID-CAP ETF (VO) - 1.82% | LMP CAPITAL & INCOME (SCD) - 2.09% |
| #20 | STATE STREET®UTILSELSECTSPDR®ETF (XLU) - 1.78% | DOUBLELINE INCOME SOLUTIONS FUND (DSL) - 2.02% |
| #21 | ISHARES MSCI CHINA ETF (MCHI) - 1.73% | ALLSPRING MULTI-SECTOR INCOME FUND (ERC) - 2.02% |
| #22 | ISHARES IBOXX $ INVMT GRADE CORP BD ETF (LQD) - 1.63% | WESTERN ASSET HIGH INCOME OPPOR FD INC (HIO) - 2.01% |
| #23 | VANGUARD RUSSELL 2000 ETF (VTWO) - 1.42% | FLAHERTY & CRUMRINE PREFERRED AND INCOME SECURITIES FUND INCORPORATED (FFC) - 2.01% |
| #24 | EURO FX FUTURE JUNE 26 (n/a) - 1.35% | EATON VANCE TAX-MANAGED BUY-WRITE OPP (ETV) - 1.98% |
| #25 | GOLD FUTURE JUNE 26 (n/a) - 1.30% | BLACKROCK HEALTH SCIENCES TRUST (BME) - 1.91% |
| Total Holdings | 45 | 53 |
HFND vs CCEF - Historical Returns
Returns include dividend reinvestment.
1M
HFND
-0.63%
Winner
CCEF
-0.39%
3M
Winner
HFND
+2.65%
CCEF
+1.37%
6M
Winner
HFND
+6.15%
CCEF
+5.14%
1Y
Winner
HFND
+16.51%
CCEF
+14.24%
Max(CAGR)
HFND
+8.25%
Winner
CCEF
+15.38%
HFND vs CCEF - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | HFND | CCEF |
|---|---|---|
| 2026 | +6.78% | +4.33% |
| 2025 | +8.87% | +13.14% |
| 2024 | +8.97% | +18.81% |
| 2023 | +3.78% | N/A |
| 2022 | +2.38% | N/A |
HFND vs CCEF Drawdown Comparison
The maximum drawdown for HFND was -13.31%, occurring on Apr 8, 2025. Recovery took 106 trading sessions.
The maximum drawdown for CCEF was -13.25%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The current HFND drawdown is -2.20%. The current CCEF drawdown is -1.95%.
| Rank | HFND | CCEF |
|---|---|---|
| #1 | -13.31% Feb 19, 2025 - Jul 23, 2025 | -13.25% Feb 18, 2025 - Jun 24, 2025 |
| #2 | -6.96% Feb 2, 2023 - Feb 15, 2024 | -7.75% Mar 2, 2026 - May 6, 2026 |
| #3 | -5.43% Jul 16, 2024 - Sep 24, 2024 | -5.93% Nov 29, 2024 - Feb 6, 2025 |
| #4 | -4.94% Feb 25, 2026 - Apr 17, 2026 | -5.10% Mar 28, 2024 - May 9, 2024 |
| #5 | -4.21% Dec 9, 2024 - Feb 7, 2025 | -4.93% Jul 31, 2024 - Aug 16, 2024 |
| #6 | -3.70% Mar 28, 2024 - Jul 3, 2024 | -3.07% Nov 12, 2025 - Nov 28, 2025 |
| #7 | -3.01% Oct 27, 2025 - Dec 10, 2025 | -2.61% May 21, 2024 - Jun 25, 2024 |
| #8 | -2.92% Dec 10, 2025 - Jan 9, 2026 | -2.60% Oct 16, 2024 - Nov 7, 2024 |
| #9 | -2.55% Nov 30, 2022 - Jan 11, 2023 | -2.20% Nov 11, 2024 - Nov 25, 2024 |
| #10 | -2.33% May 14, 2026 - Jun 1, 2026 | -1.95% Jun 2, 2026 - Jun 5, 2026 |
| #11 | -2.20% Jun 2, 2026 - Jun 5, 2026 | -1.94% Oct 8, 2025 - Nov 11, 2025 |
| #12 | -2.02% Jan 28, 2026 - Feb 9, 2026 | -1.79% May 14, 2026 - May 28, 2026 |
| #13 | -2.02% Oct 8, 2025 - Oct 23, 2025 | -1.58% Nov 28, 2025 - Dec 24, 2025 |
| #14 | -1.92% Oct 22, 2024 - Nov 7, 2024 | -1.47% Jul 16, 2024 - Jul 31, 2024 |
| #15 | -1.86% Jul 23, 2025 - Aug 12, 2025 | -1.29% Feb 1, 2024 - Feb 12, 2024 |
Correlation
Correlation between HFND and CCEF is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2022 - 2026)
HFND vs CCEF dividend yield comparison.
| Year | HFND | CCEF |
|---|---|---|
| 2026 | 0.00% | 3.40% |
| 2025 | 5.08% | 8.08% |
| 2024 | 3.70% | 6.55% |
| 2023 | 1.41% | 0.00% |
| 2022 | 0.43% | 0.00% |
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