Which returned more over the last year, HFGM or IVV?

In the year to Sep 19, 2026, with distributions reinvested, HFGM returned +12.8% and IVV returned +16.6%, so IVV returned more.

Which is cheaper, HFGM or IVV?

HFGM charges 1.01% a year and IVV charges 0.03%, so IVV is cheaper. Fees come from each fund's prospectus.

Are HFGM and IVV the same kind of fund?

No. HFGM is an alternatives ETF and IVV is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

HFGM vs IVV: how they differ

Over the year IVV returned more, +16.6% to HFGM's +12.8%, and IVV charges 0.03% to HFGM's 1.01%.

Unlimited HFGM Global Macro ETF and iShares Core S&P 500 ETF.

HFGM and IVV on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	HFGM Unlimited HFGM Global Macro ETF	IVV iShares Core S&P 500 ETF
Where it sits	Alternatives ETF	Core fund
Issuer	Unlimited	iShares
What it is	Global macro	Tracks the S&P 500
Total return, 1 year	+12.8%	+16.6%
S&P 500 over the same days	+16.6%	+16.6%
Gap to the S&P 500	−3.8 pts	0.0 pts
Expense ratio	1.01%	0.03%
Holdings	not filed	508
Net assets	$155m	$846.6bn

HFGM in plain words

HFGM is a global macro fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.57 with the S&P 500’s and a beta of +0.89, so for each 1% the index moved it moved about 0.89% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks HFGM fell 0.92% on average, a down-week capture of 73.9%. Over the same 52 weeks HFGM returned +12.7% and a Treasury bill fund +3.6%, so it finished 9.1 percentage points ahead of cash.

IVV in plain words

IVV tracks the S&P 500. Over the year to Sep 18, 2026 it returned +16.6% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Sep 18, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 38.5%.

Questions people ask

Which returned more over the last year, HFGM or IVV?: In the year to Sep 19, 2026, with distributions reinvested, HFGM returned +12.8% and IVV returned +16.6%, so IVV returned more.
Which is cheaper, HFGM or IVV?: HFGM charges 1.01% a year and IVV charges 0.03%, so IVV is cheaper. Fees come from each fund's prospectus.
Are HFGM and IVV the same kind of fund?: No. HFGM is an alternatives ETF and IVV is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

HFGM against IVV, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, HFGM against IVV, data as of Sep 19, 2026. https://etfiq.com/compare/any/hfgm-vs-ivv Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources