Data as of Nov 4, 2026.

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BND vs HFND: Differences, Returns & Fees

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Over the year to Nov 4, 2026, BND returned +0.2% to HFND's +3.2%, and BND charges 0.03% to HFND's 1.07%.

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Net assets: $167.4bn on Oct 31, 2026 for Vanguard Total Bond Market ETF, and $39m on Aug 31, 2026 for Unlimited HFND Multi-Strategy Return Tracker ETF.

At a glance
+0.2%
BND total return, 1 year
+3.2%
HFND total return, 1 year
0.03%
BND expense ratio
1.07%
HFND expense ratio

Pair scorecard

BND costs 1.04 points a year less; their one-year returns differ by 3.0 points.

BND vs HFND: Differences, Returns & Fees
MeasureBNDHFND
Return
Total return, 1 year+0.2%+3.2%
Total return, 52 weeks+3.6%
Against its benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted Indexnot published
Treasury bills, 52 weeks+3.7%
Against cash0.1 points behind
Cost and size
Expense ratio0.03%1.07%
Net assets, BND as of Oct 31, 2026 and HFND as of Aug 31, 2026$167.4bn$39m
Holdings
Holdings in commonnot published
Risk
Correlation with the S&P 500’s weekly returns+0.82
Beta to the S&P 500+0.58: about 0.58% for each 1%
Its average week when the S&P 500 fellfell 0.82%
Down-week capture76.4%
Weeks the S&P 500 fell26 of 52, by 1.07% on average

Method

Side by side

BND Vanguard Total Bond Market ETF HFND Unlimited HFND Multi-Strategy Return Tracker ETF
Where it sits Bond ETF Alternatives ETF
What it is Tracks an index of US aggregate bonds Multi-strategy
Total return, 1 year +0.2% +3.2%
Its benchmark over the same days +0.2% (AGG) not measured
Gap to its benchmark 0.0 pts vs AGG not measured
Expense ratio 0.03% 1.07%
Holdings 16300 not read by ETFIQ
Net assets, BND as of Oct 31, 2026 and HFND as of Aug 31, 2026 $167.4bn $39m

BND and HFND on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
BND

BND tracks an index of US aggregate bonds. Over the year to Nov 4, 2026 it returned +0.2% with distributions reinvested, against +0.2% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

HFND

HFND is a multi-strategy fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.82 with the S&P 500’s and a beta of +0.58, so for each 1% the index moved it moved about 0.58% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks HFND fell 0.82% on average, a down-week capture of 76.4%. Over the same 52 weeks HFND returned +3.6% and a Treasury bill fund +3.7%, so it finished 0.1 percentage points behind cash.

Questions people ask

Are BND and HFND in the same category?
BND is a bond ETF and HFND is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, BND or HFND?
In the year to Nov 4, 2026, with distributions reinvested, BND returned +0.2% and HFND +3.2%.
Which is cheaper, BND or HFND?
BND is cheaper, by 1.04 percentage points a year. That is about $104 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BND against HFND, data as of Nov 4, 2026. https://etfiq.com/compare/any/bnd-vs-hfnd

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