Unlimited HFMF Managed Futures ETF (HFMF) — Stock Correlations & Overview
Over the past year, HFMF has moved most closely with HFGM, ASMF, DBMF. Explore the stocks most correlated and inversely correlated with HFMF below, along with its price, financials, and company profile.
Stocks correlated with HFMF
Correlation of daily returns. Higher positive values move with HFMF; negative values move opposite it. Informational only, not investment advice.
Most correlated with HFMF
| Symbol | Company | Correlation |
|---|---|---|
| HFGM | Unlimited HFGM Global Macro ETF | 0.82 |
| ASMF | Virtus AlphaSimplex Managed Futures ETF | 0.77 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 0.75 |
| AHLT | American Beacon AHL Trend ETF | 0.71 |
| FARX | Frontier Asset Absolute Return ETF | 0.69 |
Most inversely correlated with HFMF
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.49 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.44 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.44 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.36 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.36 |
Frequently asked questions about HFMF correlations
- Which stocks are most correlated with HFMF?
- Based on one year of daily returns, the stocks most correlated with Unlimited HFMF Managed Futures ETF (HFMF) are HFGM (0.82), ASMF (0.77) and DBMF (0.75). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with HFMF?
- Over the past year, the stocks most inversely correlated with Unlimited HFMF Managed Futures ETF (HFMF) are ZSL (-0.49), GLL (-0.44) and DULL (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these HFMF correlations calculated?
- We compute the correlation of daily returns between HFMF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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