HFGM: Hedge Fund-Like ETF With High Risk And High Reward

The Unlimited HFGM Global Macro ETF seeks to emulate the Global Macro hedge fund sector with enhanced performance and volatility. The fund uses futures to reach 3X leverage and is heavily long equities and short the U.S. dollar. HFGM has outperformed the S&P 500 by 19 percentage points since April 2025, but with double the volatility and drawdown.