HFMF vs WTMF

HFMFDUnlimited HFMF Managed Futures ETF

WTMFAWisdomTree Managed Futures Strategy Fund

In short

HFMF Peers build their own trend models. HFMF reverse-engineers the crowd instead: machine learning reads the managed futures hedge fund sector's returns and rebuilds them with futures and broad ETFs, at roughly twice the sector's volatility.

WTMF A managed futures veteran. Trading since 2011, WTMF takes rules-based long and short positions across commodity, currency, equity and rate futures, aiming for returns with limited direct link to stocks or bonds.

Stated mandate

HFMF The Fund seeks capital appreciation. It seeks managed-futures-like return characteristics through long and short positions in broad-based ETFs and futures contracts, with at least 80% of assets allocated to that strategy.

WTMF The Fund seeks positive total returns in rising or falling markets with limited direct correlation to broad equity or fixed-income returns. It uses a quantitative, rules-based approach with long and short futures positions across commodity, currency, equity, and interest-rate markets.

Why people hold it

• HFMF No in-house trend model. Machine learning reads the managed futures sector's recent returns, then rebuilds similar exposure long and short through futures and broad-based ETFs.saytechnologies.com
• The volatility dial is the point: the prospectus targets a level roughly twice the sector's, a deliberately hotter version of the same return profile.saytechnologies.com
• Hedge fund exposure in 1940 Act clothing: an ETF you can trade intraday, with at least 80% of assets in the futures and broad-based ETFs chosen to echo the sector.nasdaqtrader.com

• WTMF Live since January 5, 2011, making it one of the longest-tenured managed futures ETFs, and it follows a published rules-based strategy rather than a discretionary trader's judgment.wisdomtree.com
• Charges 0.66% net of a waiver through December 31, 2026 (0.67% gross), below the median fee in the managed futures category.
• A registered 1940 Act fund, so tax time brings a 1099 instead of the partnership K-1 that trails many futures products.
• Spreads exposure across roughly 40 positions in commodity, currency, equity and rate futures, and sits among the stronger implementations in its peer group.

Worth knowing

• HFMF It runs 0.97% with no waiver, above the category median. JPFP charges 0.59% and IMF 0.65% net of a waiver through August 31, 2027, and both run their own trend models.
• Launched July 2025, so the record is short and it trades lighter than the category's established names, which can mean wider spreads.
• Twice the sector's volatility cuts both ways: losses scale with the target too, and the fund is non-diversified.saytechnologies.comnasdaqtrader.com

• WTMF Cheaper shelf-mates exist: JPFP at 0.59%, and IMF at 0.65% net of a waiver through August 31, 2027.
• Thinly traded next to mainstream ETFs, so bid-ask spreads can run wider and order type matters more than with a big index fund.
• The strategy can place up to 10% of net assets in bitcoin-holding exchange-traded products and bitcoin futures (never bitcoin directly), adding a volatile sleeve.wisdomtree.com

Full HFMF profile⁠

Full WTMF profile⁠