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HXC vs SDMF

Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF

HXCDNYSE Arca

Simplify DBi CTA Managed Futures Index ETF

SDMFBNYSE Arca

Overlap

0.0%by weight

Expense ratio

SDMF −0.48pt a year

HXC0.69%SDMF0.21%

Avg volume · 30D

HXC 1.2×the volume

HXC30.2KSDMF25.4K

HXC vs SDMF Performance

Sep 30, 2026 – Oct 16, 2026

+0.6%HXC+1.4%SDMF

Sep 30, 2026 to Oct 16, 2026. HXC +0.6%. SDMF +1.4%. Use the arrow keys to read each point.0%1%2%2.5%3%Sep 30Oct 8Oct 16
Expense ratio
HXC 0.69%
SDMF 0.21%, better
Fund size
HXC $32M
SDMF $49M
Holdings
HXC 33
SDMF 27
Avg volume (30D)
HXC 30.2K sh, better
SDMF 25.4K sh
NAV per share
HXC $25.94
SDMF $27.08
52W range

ETF.net Grade

HXC as of

HXC: Cost 50, Risk 2, Mission not scored, Tradability 13, Holdings not scored, Durability 2. SDMF: Cost 100, Risk 72, Mission not scored, Tradability 37, Holdings 25, Durability 30.
Pillar letters and Scores for HXC, SDMF, with each pillar’s weight
PillarHXCSDMF
Cost30% weightC50A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightF2A72Higher
Tradability15% weightF13D37Higher
Holdings10% weightNot scoredD25
Durability5% weightF2D30Higher

Rank among Broad Commodity Futures funds

How we build Categories ›

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

SDMF ranks 4th of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 4BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  5. Rank 5BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 63

Our read on each fund

ETF.net Research

HXCDInvestment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF

SDMFBSimplify DBi CTA Managed Futures Index ETF

In short

HXC No data

SDMF Managed futures without the hedge fund bill. SDMF tracks an index built to replicate what CTA trend funds are actually doing, using a short list of liquid futures markets, for 0.35% a year.

Stated mandate

HXC No data

SDMF The Fund seeks long-term capital appreciation.

Why people hold it

HXC No data

  • SDMF Charges 0.35%, roughly half the typical fee among futures-strategy funds in its group. Cheap shelf space for a strategy that usually arrives with hedge fund pricing.
  • Rules over hunches: it follows the DBi CTA Managed Futures Index and its advertised 10-factor replication approach, not a trader's discretion.simplify.us
  • Its cohort is mostly long-only commodity baskets (BCI, CMDY). This one is a managed futures strategy, which can lean either direction across futures markets.
  • Ordinary 1940 Act ETF plumbing: daily pricing, intraday trading, no lockup or subscription paperwork.

Worth knowing

HXC No data

  • SDMF Launched in 2026, so there is no long record here and the risk picture rests on limited history.
  • A small fund that has traded lightly since launch, so spreads can run wider than the big commodity index names in its category.
  • The stated goal is long-term capital appreciation, and payouts come once or twice a year at most. Not built as an income stream.

Full HXC profile⁠

Full SDMF profile⁠

HXC vs SDMF Holdings

As of

How HXC and SDMF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HXC and 0.0% of SDMF.

Level by level

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

Sector

No Sector split for HXC.

Country, concentration and asset class

Country by domicile

No country split for HXC and SDMF.

Concentration

Weight in the 10 largest Holdings

  • HXC185.0%
  • SDMF299.9%

Securities held

  • HXC22
  • SDMF24

Asset class

HXC
Equity
SDMF
Alternatives

Holdings

  • Only in HXC22
  • In both0
  • Only in SDMF24

Only in HXC

22 securities, 100% of HXC by weight

  • F/C Cotton NO.2 Futr DEC2776.15%
  • F/C Brent Crude Futr DEC2632.12%
  • F/C Gold 100 Oz Futr DEC2612.09%

Only in SDMF

24 securities, 100% of SDMF by weight

  • US Treasury Note, 2yr72.54%
  • US Treasury Note62.40%
  • Trs Dbmfc 080927 Bullet15.52%

Weight gaps

HXC and SDMF share no securities.

All 25 HXC holdings⁠All SDMF 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.

HXC vs SDMF Cost

Overpaying HXC vs SDMF

$9,072

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

  • HXC 0.69%

    $13,429

  • SDMF 0.21%

    $4,357

$10,000
30 years

Cost over time

  • HXC 0.69%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530HXC $13,429SDMF $4,357

Year by year

YearHXCSDMFOverpaying
10$1,232$383$849
20$4,697$1,491$3,206
30$13,429$4,357$9,072

Expense ratio

  • 0.69%HXC
  • 0.21%SDMF, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

SDMF cheapest of 21 funds

HXC 12th cheapest of 21 funds

HXC vs SDMF Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
HXC None
SDMF No data
Last payment
HXC No data
SDMF $0.10
Ex-dividend
HXC No data
SDMF Sep 25, 2026
Paid on
HXC No data
SDMF Sep 30, 2026
Frequency
HXC No data
SDMF Quarterly

Distribution history

Per share, 2026, same scale for both

HXCAll HXC payments⁠

No distribution history available.

SDMFQuarterly · 2 paymentsAll SDMF payments⁠
One bar per payment. 2 payments in 2026 YTD. Jun 25, 2026 $0.10; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$0.102026YTD

HXC vs SDMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
HXC 0.38SDMF 0.27

HXC and SDMF in the news

All news⁠

Popular comparisons

  • HXCDvsCERYA

    Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.69% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCERYA

    Simplify DBi CTA Managed Futures Index ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.21% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • HXCDvsCMDYA

    Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.69% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCMDYA

    Simplify DBi CTA Managed Futures Index ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.21% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • HXCDvsCOMBA

    Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF · GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

    Expense ratio
    0.69% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SDMFBvsCOMBA

    Simplify DBi CTA Managed Futures Index ETF · GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

    Expense ratio
    0.21% · 0.25%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.