HF vs RISN: Grades, Fees and Holdings Compared

DGA Core Plus Absolute Return ETF

HFDNYSE

Inspire Capital Appreciation ETF

RISNANYSE Arca

Overlap

0.0%by weight

Expense ratio

RISN −0.98pt a year

HF1.70%RISN0.72%

Avg volume · 30D

RISN 37.2×the volume

HF398RISN14.8K

3Y return · a year

RISN +3.5pt

HF+9.8%RISN+13.3%

HF vs RISN Performance

Oct 31, 2025 – Oct 30, 2026

+7.7%HF+4.8%RISN

Expense ratio: HF 1.70%; RISN 0.72%, better
Fund size: HF $21M; RISN $70M
1Y total return: HF +7.7%, better; RISN +4.8%
Yield (12M): HF 0.88%; RISN 1.05%, better
Holdings: HF 18; RISN 53
Avg volume (30D): HF 398 sh; RISN 14.8K sh, better
NAV per share: HF $22.68; RISN $31.09
52W range

ETF.net Grade

Pillar letters and Scores for HF, RISN, with each pillar’s weight
Pillar	HF	RISN
Cost30% weight	F9	A76Higher
Mission25% weight	Not scored	A85
Risk15% weight	A75Higher	C46
Tradability15% weight	C42	B64Higher
Holdings10% weight	C51	A80Higher
Durability5% weight	C51	B68Higher

Rank among Tactical Allocation funds

How we build Categories ›

Same Category. HF and RISN are both graded against the same 46 Tactical Allocation funds, so their Grades compare head to head.

Tactical Allocation⁠

Category · 46 funds

See all 46 ›

RISN ranks 4th and HF 40th of 46 funds in the Tactical Allocation Category.

Rank 1AENDWCambria Endowment Style ETFScore 81
Rank 2AGMODGMO Dynamic Allocation ETFScore 76
Rank 3APTBDPacer Trendpilot US Bond ETFScore 72
Rank 4ARISNInspire Capital Appreciation ETFScore 71
Rank 5BPBLPGIM Portfolio Ballast ETFScore 69
Rank 38DNMBLNovaTide Flexible Allocation ETFScore 38
Rank 40DHFDGA Core Plus Absolute Return ETFScore 37
Rank 41DXNAVFundX Aggressive ETFScore 34

Our read on each fund

ETF.net Research

HFDDGA Core Plus Absolute Return ETF

RISNAInspire Capital Appreciation ETF

In short

HF Ticker HF, mandate to match: hedge-fund-style absolute return in a plain ETF wrapper, chasing appreciation with capital preservation second. The hedge-fund fee came along too: 1.70% net of a waiver through November 30, 2026.

RISN A tactical blend of U.S. large-cap stocks and U.S. bonds from a values-screening shop, built to chase long-term growth with less turbulence than the large-cap market, at a fee below the typical tactical peer.

Stated mandate

HF The Fund seeks long-term capital appreciation, with capital preservation as a secondary objective.

RISN The fund seeks long-term capital appreciation with lower volatility than the U.S. large-cap stock market.

Why people hold it

HF The prospectus commits to both goals: long-term capital appreciation first, capital preservation second. Most tactical funds name one and leave the rest to interpretation.
Ordinary 1940 Act ETF plumbing: daily liquidity, a 1099 instead of a K-1, no lockups or gates. The hedge-fund idea without the hedge-fund paperwork.sec.gov
Risk is the strongest part of its profile. On volatility and drawdown it has run calmer than most tactical multi-asset peers.
Concentrated by design, a few dozen positions, so the manager's calls actually move the portfolio instead of averaging into plain beta.

RISN Charges 0.72% a year, under the going rate for tactical multi-asset funds that actively shift their mix.
One ticket holds U.S. large-cap equities alongside U.S. fixed income, with the stated aim of long-term appreciation at lower volatility than U.S. large caps.
One of the stronger implementations in a crowded tactical multi-asset field, with a live record going back to its 2020 launch.
Pays out quarterly, so the bond sleeve shows up as scheduled cash rather than a once-a-year surprise.

Worth knowing

HF Cost is the headwind: 1.70% net of a waiver through November 30, 2026 (1.85% gross), above the category median. Peers ENDW at 0.22% and PTBD at 0.60% sit far below.
No declared index and no published tracking evidence, so there is no rulebook to check the strategy against. You are buying the manager's model.
Small and thinly traded: spreads can widen and sizeable orders can nudge the price. Cash comes once or twice a year, not monthly.

RISN Thinly traded and modest in size, so bid-ask spreads can matter more than the fee does. Limit orders are the standard workaround.
Tactical means judgment calls: the allocation can look nothing like a fixed stock/bond blend at any given moment.
Cheap for tactical, not cheap outright. Peers such as ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

Full HF profile⁠

Full RISN profile⁠

HF vs RISN Holdings

How HF and RISN differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HF and 0.0% of RISN.

Level by level

Holdings0 in both0.0%
Sector10 Sectors27.7%
Countryby domicile95.6%
Asset classEquity100%

Sector

Sector weights in HF and RISN, widest gap first
Sector	More in HFMore in RISN	HF	RISN
Financials	HF +72.3 points	100.0%	27.7%
Industrials	RISN +27.2 points	0.0%	27.2%
Energy	RISN +15.4 points	0.0%	15.4%
Technology	RISN +10.0 points	0.0%	10.0%
Materials	RISN +8.1 points	0.0%	8.1%
Consumer Discretionary	RISN +4.9 points	0.0%	4.9%
Utilities	RISN +1.7 points	0.0%	1.7%
Consumer Staples	RISN +1.7 points	0.0%	1.7%
Real Estate	RISN +1.7 points	0.0%	1.7%
Health Care	RISN +1.6 points	0.0%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in HF and RISN, widest gap first
Country	More in HFMore in RISN	HF	RISN
United States	RISN +4.4 points	95.6%	100.0%
Japan	HF +0.6 points	0.6%	0.0%
Other countries (32)	HF +3.8 points	3.8%	0.0%

Concentration

Weight in the 10 largest Holdings

HF76.0%
RISN35.2%

Securities held

HF18
RISN52

Asset class

HF: Equity
RISN: Equity

Holdings

Only in HF18
In both0
Only in RISN52

Only in HF

18 securities, 100% of HF by weight

ProShares UltraShort S&P50015.24%
Goldman Sachs Access Treasury 0-1 Year ETF14.93%
iShares Core S&P 500 ETF9.18%
Vanguard S&P 500 ETF9.18%
State Street SPDR S&P 500 ETF Trust9.18%
Schwab US Dividend Equity ETF3.75%
State Street SPDR Portfolio S&P 500 High Dividend ETF3.72%
Vanguard Morningstar Value ETF3.62%
State Street SPDR Portfolio S&P 500 Value ETF3.61%
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF3.55%
Schwab US Broad Market ETF3.45%
Vanguard Morningstar Total Stock Market ETF3.45%
Vanguard Total World Stock ETF3.45%
iShares MSCI ACWI ETF3.44%
abrdn Bloomberg All Commodity Strategy K-1 Free ETF3.42%
Vanguard Morningstar Growth ETF3.32%
State Street SPDR Portfolio S&P 500 Growth ETF3.31%
First American Government Obligations Fund 12/01/20310.23%

Only in RISN

52 securities, 100% of RISN by weight

Wisdomtree Float19.09%
United Parcel-B1.82%
Home Depot Inc1.82%
Nasdaq Inc1.81%
Cheniere Energy1.81%
Eog Resources1.79%
Exxonmobil Holdi1.77%
Cintas Corp1.77%
Republic Svcs1.76%
Waste Management1.75%
Csx Corp1.74%
Nucor Corp1.74%
Automatic Data1.73%
Targa Resources1.73%
Occidental Pete1.72%
Progressive Corp1.72%
Norfolk Southern1.72%
Aflac Inc1.72%
Crh PLC1.71%
3M Co1.71%
Slb Ltd1.71%
Kinder Morgan In1.71%
Fedex Corp1.70%
United Rentals1.70%
Simon Property1.69%
Nextera Energy1.69%
Carvana Co1.68%
Intercont Exch I1.68%
Mondelez Inter-A1.67%
O'reilly Automot1.63%
Fastenal Co1.63%
Linde PLC1.62%
Iqvia Holdings I1.59%
Ametek Inc1.55%
Baker Hughes Co1.52%
Delta Air Li1.51%
Southern Copper1.50%
Valero Energy1.48%
Western Digital1.48%
Paccar Inc1.47%
Freeport-Mcmoran1.47%
Broadcom Inc1.46%
Amphenol Corp-A1.45%
Applovin Co-Cl A1.44%
Parker Hannifin1.43%
Interactive Brok1.43%
Ge Vernova Inc1.37%
Kla Corp1.31%
Sandisk Corp1.20%
Comfort Systems1.19%

Weight gaps

HF and RISN share no securities.

All 36 HF holdings⁠All RISN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HF vs RISN Cost

Overpaying HF vs RISN

$15,084

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

HF 1.70%
$29,041
RISN 0.72%
$13,957

Amount$10,000

Years30 years

Cost over time

HF 1.70%
RISN 0.72%
Overpaying

Year by year

Year	HF	RISN	Overpaying
10	$2,911	$1,284	$1,627
20	$10,606	$4,888	$5,718
30	$29,041	$13,957	$15,084

Expense ratio

1.70%HF
0.72%RISN, cheaper

RISN0.72%HF1.70%

0.22%1.99%

Middle half of Tactical Allocation funds
Median 0.93%

RISN 12th cheapest of 46 funds

HF 42nd cheapest of 46 funds

HF vs RISN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HF 0.88%; RISN 1.05%, better
Payout (12M): HF $0.20; RISN $0.32
Last payment: HF $0.20; RISN $0.08
Ex-dividend: HF Dec 29, 2025; RISN Sep 25, 2026
Paid on: HF Dec 30, 2025; RISN Oct 1, 2026
Frequency: HF Annual; RISN Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

HFAnnual · 3 paymentsAll HF payments⁠

RISNQuarterly · 24 paymentsAll RISN payments⁠

HF vs RISN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: HF 6.0%, betterRISN 11.4%
Return per unit of riskSharpe ratio, 3 years: HF 0.85, betterRISN 0.77
Worst fallMax drawdown, 5 years: HF −6.0%since Aug 2023RISN −21.9%
Market sensitivityBeta, 5 years: HF 0.42RISN 1.08; Market = 1

Popular comparisons

HFDvsENDWA
DGA Core Plus Absolute Return ETF · Cambria Endowment Style ETF
Expense ratio
1.70% · 0.22%
Category
RISNAvsENDWA
Inspire Capital Appreciation ETF · Cambria Endowment Style ETF
Expense ratio
0.72% · 0.22%
Category
HFDvsGMODA
DGA Core Plus Absolute Return ETF · GMO Dynamic Allocation ETF
Expense ratio
1.70% · 0.50%
Category
RISNAvsGMODA
Inspire Capital Appreciation ETF · GMO Dynamic Allocation ETF
Expense ratio
0.72% · 0.50%
Category
HFDvsPTBDA
DGA Core Plus Absolute Return ETF · Pacer Trendpilot US Bond ETF
Expense ratio
1.70% · 0.60%
Category
RISNAvsPTBDA
Inspire Capital Appreciation ETF · Pacer Trendpilot US Bond ETF
Expense ratio
0.72% · 0.60%
Category