HF vs WGMI
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Which is better, HF or WGMI?
Each has led over a different period.
WGMI has a lower expense ratio. HF led over 1Y, WGMI over the full window. WGMI is less concentrated, with 63.4% of the fund in its ten largest positions against 85.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HF | WGMI |
|---|---|---|
| Expense Ratio | 1.70% | 0.75%Best |
| AUM | $21M | $194M |
| Dividend Yield | 0.89% | 0.00% |
| Holdings | 57 | 57 |
| Volatility (annualized) | 7.3%Best | 84.2% |
| Max Drawdown | -4.3%Best | -47.4% |
| $10,000 over 1.4 years | $11,548 | $19,292Best |
| Top 10 Weight | 85.5% | 63.4%Best |
| Fund Family | Days Global Advisors | Valkyrie Funds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 2, 2023 | Feb 7, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 671 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. HF has data through Dec 12, 2024 and WGMI through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Aug 3, 2023 to Dec 12, 2024 (1.4 years).
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 84.2% compared with 7.3% for HF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.3% for HF and -47.4% for WGMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HF charges 1.70% per year while WGMI charges 0.75%. On a $10,000 position that is $170 vs $75 annually, a gap of $95 per year that compounds over a long holding period. On income, HF currently yields 0.89% against 0.00% for WGMI.
Holdings Overlap
We hold position weights for 16 holdings in HF and 28 in WGMI, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 16 positions we hold weights for in HF and 28 in WGMI, against full books of 57 and 57.
What only one of them owns
Our book lists 19 positions for WGMI that do not appear in our book for HF (63.4% of the fund), and 15 for HF that do not appear in WGMI (97.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of HF and WGMI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HF or WGMI?
HF has an expense ratio of 1.70% while WGMI charges 0.75%. WGMI is the cheaper option, by $95 a year on a $10,000 investment.
Which is riskier, HF or WGMI?
WGMI has been the more volatile fund at 84.2% annualized versus 7.3% for HF. Worst drawdown: HF -4.3% vs WGMI -47.4%.
Should I hold both HF and WGMI?
HF and WGMI have a monthly-return correlation of 0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HF or WGMI?
HF yields 0.89% while WGMI yields 0.00%, so HF currently pays the higher dividend yield.
Is WGMI better than HF?
WGMI has a lower expense ratio. HF led over 1Y, WGMI over the full window. WGMI is less concentrated, with 63.4% of the fund in its ten largest positions against 85.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.