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HOLD vs WTMF

Harbor Alpha Layering ETF (HOLD)

HOLDCNYSE Arca

WisdomTree Managed Futures Strategy Fund

WTMFANYSE Arca

Overlap

0.0%by weight

Expense ratio

WTMF −0.04pt a year

HOLD0.70%WTMF0.66%

Avg volume · 30D

WTMF 18.4×the volume

HOLD1.93KWTMF35.5K

HOLD vs WTMF Performance

Oct 31, 2025 – Oct 30, 2026

+1.3%HOLD+13.5%WTMF

Oct 31, 2025 to Oct 30, 2026. HOLD +1.3%. WTMF +13.5%. Use the arrow keys to read each point.−5%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
HOLD 0.70%
WTMF 0.66%, better
Fund size
HOLD $4M
WTMF $264M
1Y total return
HOLD +1.3%
WTMF +13.5%, better
Yield (12M)
HOLD No data
WTMF 7.87%
Holdings
HOLD 10
WTMF 27
Avg volume (30D)
HOLD 1.93K sh
WTMF 35.5K sh, better
NAV per share
HOLD $31.38
WTMF $39.66
52W range

ETF.net Grade

HOLD: Cost 80, Risk 26, Mission not scored, Tradability 32, Holdings 30, Durability 35. WTMF: Cost 90, Risk 72, Mission not scored, Tradability 51, Holdings 36, Durability 80.
Pillar letters and Scores for HOLD, WTMF, with each pillar’s weight
PillarHOLDWTMF
Cost30% weightA80A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightD26A72Higher
Tradability15% weightD32C51Higher
Holdings10% weightD30D36Higher
Durability5% weightD35A80Higher

Rank among Managed Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. HOLD and WTMF are both graded against the same 14 Managed Futures funds, so their Grades compare head to head.

Managed Futures⁠

Category · 14 funds
See all 14 ›

WTMF ranks 2nd and HOLD 10th of 14 funds in the Managed Futures Category.

  1. Rank 1AIMFInvesco Managed Futures Strategy ETFScore 80
  2. Rank 2AWTMFWisdomTree Managed Futures Strategy FundScore 75
  3. Rank 3BISMFIshares Managed Futures Active ETFScore 66
  4. Rank 8CKMLMKraneShares Mount Lucas Managed Futures Index Strategy ETFScore 45
  5. Rank 10CHOLDHarbor Alpha Layering ETF (HOLD)Score 40
  6. Rank 11DHFMFUnlimited HFMF Managed Futures ETFScore 28

Our read on each fund

ETF.net Research

HOLDCHarbor Alpha Layering ETF (HOLD)

WTMFAWisdomTree Managed Futures Strategy Fund

In short

HOLD Own the S&P 500 and rent a trend-follower in one ticker. Harbor's 2025 launch layers an active, quantitative managed futures sleeve on top of passive index replication, so the diversifier rides along instead of taking the equity seat.

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

HOLD The Fund seeks long-term capital appreciation through a passive strategy intended to replicate the S&P 500 Index combined with an active, quantitative trend-following managed futures 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

  • HOLD Two jobs, one line item: passive S&P 500 replication plus an active trend-following managed futures strategy, stacked rather than swapped.
  • The 0.70% fee sits below the typical allocation-fund charge, which is unusual for a wrapper carrying an active futures overlay.
  • The trend sleeve casts a global net across markets, and the whole thing sits in a plain 1940 Act ETF: daily pricing, no K-1 partnership paperwork.
  • 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

  • HOLD Opened in 2025, so live history is thin. The futures sleeve is discretionary quant, not an index, so outcomes trace the manager's models.
  • Small and lightly traded so far, which tends to mean wider spreads than the household names in the allocation aisle.
  • The stacking shelf is competitive: NTSX and GDE run similar stock-plus-diversifier ideas for under a third of the cost, with years of record behind them.
  • 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 HOLD profile⁠

Full WTMF profile⁠

HOLD vs WTMF Holdings

How HOLD and WTMF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HOLD and 0.0% of WTMF.

Level by level

  • Asset classEquity, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for WTMF.

Country, concentration and asset class

Country by domicile

No country split for WTMF.

Concentration

Weight in the 10 largest Holdings

  • HOLD103.9%
  • WTMF99.3%

Securities held

  • HOLD8
  • WTMF15

Asset class

HOLD
Equity
WTMF
Alternatives

Holdings

  • Only in HOLD8
  • In both0
  • Only in WTMF15

Only in HOLD

8 securities, 100% of HOLD by weight

  • Ishares Core S&P 500 Etf101.50%
  • MICRO GOLD Dec26 12/29/20261.20%
  • Micro WTI Crude F Jan27 12/18/20260.35%

Only in WTMF

15 securities, 95.2% of WTMF by weight

  • Treasury Bill 0 1/14/202762.48%
  • Wt Managed Futures Portfolio I15.83%
  • Wisdomtree Floating Rate Tre6.99%

Weight gaps

HOLD and WTMF share no securities.

All HOLD holdings⁠All 43 WTMF 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.

HOLD vs WTMF Cost

Overpaying HOLD vs WTMF

$710

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

  • HOLD 0.70%

    $13,606

  • WTMF 0.66%

    $12,896

$10,000
30 years

Cost over time

  • HOLD 0.70%
  • WTMF 0.66%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HOLD $13,606WTMF $12,896

Year by year

YearHOLDWTMFOverpaying
10$1,250$1,180$70
20$4,760$4,504$256
30$13,606$12,896$710

Expense ratio

  • 0.70%HOLD
  • 0.66%WTMF, cheaper
  • Middle half of Managed Futures funds
  • Median 0.85%

WTMF 3rd cheapest of 14 funds

HOLD 4th cheapest of 14 funds

HOLD vs WTMF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HOLD No data
WTMF 7.87%
Payout (12M)
HOLD No data
WTMF $3.14
Last payment
HOLD $2.23
WTMF $2.81
Ex-dividend
HOLD Dec 19, 2025
WTMF Oct 27, 2026
Paid on
HOLD Dec 24, 2025
WTMF Oct 29, 2026
Frequency
HOLD Irregular
WTMF Annual

Distribution history

Per share, 2017 to 2026, same scale for both

HOLDIrregular · 1 paymentAll HOLD payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 19, 2025 $2.23. Use the arrow keys to read each point.$0$52017202020232026YTD
WTMFAnnual · 13 paymentsAll WTMF payments⁠
One bar per payment. 13 payments from 2017 to 2026 YTD. Dec 24, 2018 $1.39; Dec 23, 2019 $0.60; Dec 21, 2020 $0.17; Oct 8, 2021 $5.21; Oct 25, 2022 $1.44; Dec 23, 2022 $0.22; Oct 25, 2023 $1.32; Dec 22, 2023 $0.34; Oct 28, 2024 $0.82; Dec 26, 2024 $0.43; Oct 28, 2025 $0.83; Dec 26, 2025 $0.33; Oct 27, 2026 $2.81. Use the arrow keys to read each point.$0$52017202020232026YTD

HOLD vs WTMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HOLD 15.3%since Sep 2025WTMF 6.4%
Return per unit of riskSharpe ratio, 3 years
HOLD 0.39since Sep 2025WTMF 0.98
Worst fallMax drawdown, 5 years
HOLD −9.6%since Aug 2025WTMF −13.2%
Market sensitivityBeta, 5 years
HOLD 0.98WTMF 0.29

HOLD and WTMF in the news

All news⁠

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