{"url":"https://etfiq.com/compare/alternatives/ahlt-vs-hfmf","section":"compare","title":"AHLT vs HFMF: Correlation to the S&P 500 | ETFIQ","description":"AHLT and HFMF both run managed futures strategies. Over the year to Nov 4, 2026, AHLT had a correlation of +0.47 with the S&P 500 and HFMF +0.18.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, AHLT or HFMF?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Nov 4, 2026, AHLT\u2019s weekly returns had a correlation of +0.47 with the S&P 500 and HFMF\u2019s +0.18, so HFMF moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, AHLT or HFMF?","acceptedAnswer":{"@type":"Answer","text":"In the 26 weeks the S&P 500 fell, by 1.07% a week on average, AHLT averaged \u22120.88% and HFMF \u22120.60%, so HFMF returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, AHLT or HFMF?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, AHLT finished 14.7 percentage points ahead of cash and HFMF finished 4.6 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, AHLT or HFMF?","acceptedAnswer":{"@type":"Answer","text":"AHLT charges 0.96% a year and HFMF charges 0.97%, so AHLT is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"AHLT vs HFMF","item":"https://etfiq.com/compare/alternatives/ahlt-vs-hfmf"}]},{"@type":"WebPage","name":"AHLT vs HFMF: Correlation to the S&P 500","description":"AHLT and HFMF both run managed futures strategies. Over the year to Nov 4, 2026, AHLT had a correlation of +0.47 with the S&P 500 and HFMF +0.18.","url":"https://etfiq.com/compare/alternatives/ahlt-vs-hfmf","dateModified":"2026-11-04","abstract":"Over the year to Nov 4, 2026, HFMF moved less with the S&P 500 than AHLT: correlation +0.18 against +0.47.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AHLT and HFMF","description":"AHLT and HFMF both run managed futures strategies. Over the year to Nov 4, 2026, AHLT had a correlation of +0.47 with the S&P 500 and HFMF +0.18.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/ahlt-vs-hfmf","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6853,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Compare ETFs / AHLT vs HFMF \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n AHLT vs HFMF: Correlation to the S&P 500\n\n Over the year to Nov 4, 2026, HFMF moved less with the S&P 500 than AHLT: correlation +0.18 against +0.47.\n Copy this for sharing \n \n AHLT costs 0.01 points a year less; their one-year returns differ by 11.3 points.\n AHLT and HFMF at a glance. As of Nov 4, 2026. Source: ETFIQ. AHLT HFMF \n Expense ratio 0.96% 0.97% \n Net assets, AHLT as of Jul 31, 2026 and HFMF as of Aug 31, 2026 $131m $25m \n Total return, 1 year +19.3% +8.0% \n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AHLT against HFMF, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ahlt-vs-hfmf","a":{"ticker":"AHLT","name":"AHL Trend ETF","issuer":"American Beacon","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, AHLT returned 19.3%. When the S&P 500 fell, it fell 82% as much.","url":"https://etfiq.com/funds/ahlt","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.47","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.58","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"81.7%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+14.7 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.8%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 22, 2025","value":"$0.4473","as_of":"2025-12-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$131m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.96%","as_of":"2026-05-28","source":"485BPOS XBRL, May 28, 2026"}]},"b":{"ticker":"HFMF","name":"Unlimited HFMF Managed Futures ETF","issuer":"Unlimited","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, HFMF returned 8.0%. When the S&P 500 fell, it fell 56% as much.","url":"https://etfiq.com/funds/hfmf","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.18","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.24","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"56.2%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+4.6 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"3.0%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 24, 2025","value":"$0.6167","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$25m","as_of":"2026-08-31","source":"SEC N-PORT, whole fund, as filed for Aug 31, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2025-12-23","source":"485BPOS XBRL, Dec 23, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/ahlt-vs-hfmf"}