At a glance
HFSP charges 1.25% a year. It has $667K in assets. Over the past year it returned −19.0% with distributions reinvested (S&P 500: +11.5%).
The short version
TradersAI Large Cap Equity & Cash ETF (HFSP) is an actively managed fund that trades S&P 500 futures during the day, betting on rises or falls, and usually ends each session in cash. It seeks gains from short-term swings either way, and its returns have shown almost no link to the market. Drawbacks: a 1.25% annual fee, a 24% loss in 2025 and just $667,466 in net assets as of August 31, 2026.
Price history
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HFSP -19.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| HFSP price data to Oct 27, 2026 | -10.7% | -19.0% | — | — | — | -17.1% |
- Over the year to Oct 27, 2026, HFSP returned -19.0%.
- Its worst full calendar year was 2025 (-24.0%); its best was 2025 (-24.0%).
- The deepest fall in its price history was 38.2% (Feb 19, 2025 to Sep 4, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -10.7% |
| 2025 | -24.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Aug 31, 2026, the fund held 0 securities; the ten largest made up 0% of assets.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Aug 31, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.93%, -4.73%, -0.60%.
How it works
HFSP is an actively managed ETF from Tidal Financial Group, not an index fund. Its sub-adviser, Traders A.I., Inc., trades instruments linked to the S&P 500, an index of 500 large US companies. The main tool is the e-mini S&P 500 futures contract, a smaller-size agreement to trade the index's value at a set price on a future date. The fund goes long (gaining if the index rises) or short (gaining if it falls). It may also trade S&P 500 ETFs and options on those ETFs or the futures, mainly to hedge or add exposure, not for income.
Proprietary algorithms use public stock index price data, from minute-by-minute to daily, to forecast short-term moves and generate trade signals. A human trader reviews every signal, and the portfolio managers have full discretion. Trades last from minutes to a few hours, so the fund trades heavily.
The fund typically closes all positions by the end of the regular US market session, so overnight and on weekends it may hold only cash and money market instruments, though managers can keep positions open. Its portfolio report as of August 31, 2026, listed no open futures or options. The prospectus says collateral and risk controls keep leverage from becoming significant, but warns that losses on futures and short positions may be unlimited.
What it really costs
- HFSP charges 1.25% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $127 in the first year and $1,511 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| HFSP | $127 | $397 | $686 | $1,511 |
In a retirement portfolio
Its algorithm-driven intraday futures trading is speculative, with a short, loss-making record and a 1.25% fee, even though its returns have barely tracked the stock market.
HFSP launched on October 23, 2024, so it has no record in the 2008, 2020 or 2022 downturns. It lost 24.01% in 2025, its only full calendar year. Its deepest drop was 38.2%, from February 19, 2025, to September 4, 2026, and it had not recovered by October 27, 2026. Its beta, a gauge of how closely it tracks the market, was near zero over the year to that date: its returns were barely linked to stocks, which can diversify a portfolio, but they were negative. Cashing out during that slide would have locked in losses. It made no distributions in the last year, so it offers no income, and costs come to $127 in the first year and $1,511 over 10 years on $10,000, per the SEC's standard example.
Past results don't predict the future, and a retirement plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a small, speculative position in a human-reviewed, algorithm-driven S&P 500 futures trading strategy, and willing to pay 1.25% a year.
- Those seeking returns not tied to market direction: its beta, a gauge of market sensitivity, was near zero in the year to October 27, 2026.
- Investors who prefer a strategy that usually ends each trading session in cash, limiting exposure to overnight and weekend price jumps.
Look elsewhere if
- Anyone needing income: HFSP made no distributions in the year to October 27, 2026, so its yield was 0%.
- Cost-conscious investors: the 1.25% annual expense ratio adds up to $1,511 over 10 years on $10,000 in the SEC's standard example.
- Investors wanting long-term S&P 500 growth: it usually holds positions for hours, not years, and lost 24.01% in 2025.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does HFSP invest in?
HFSP invests in instruments tied to the S&P 500 rather than a fixed basket of stocks. Its main tool is e-mini S&P 500 futures, smaller-size contracts on the index's future value. It may also trade S&P 500 ETFs and options on them or on the futures. Sub-adviser Traders A.I., Inc. bets on rises or falls with trades lasting minutes to hours, usually closing out by the end of the regular session, so the fund often holds just cash and money market instruments overnight.
How has HFSP performed since it launched?
HFSP has lost money since launching on October 23, 2024. It fell 24.01% in 2025, its first full calendar year, and a further 10.67% in 2026 through October 27. Over the year to that date it lost 19%. Its deepest drop was 38.2%, from February 19, 2025, to September 4, 2026, and it had not recovered by October 27, 2026. With about two years of history, there is little record to judge the strategy by.
Is HFSP a leveraged ETF?
No, according to its prospectus. HFSP uses futures and short positions, tools often associated with leverage (magnified market exposure), but says it keeps enough collateral and applies risk controls so overall exposure involves no significant leverage. It does not aim for a multiple of the S&P 500's daily return, as leveraged ETFs do. Losses can still be steep: the prospectus warns that losses on futures and short positions may be unlimited.
What's the difference between HFSP and an S&P 500 index fund?
HFSP trades the S&P 500 in short bursts rather than owning it. An S&P 500 index fund holds the index's 500 large US stocks and rises and falls with the market. HFSP uses futures to bet on rises or falls within the day and usually ends each session in cash. Its beta, a gauge of market sensitivity, was near zero in the year to October 27, 2026, when it lost 19%. It also charges 1.25% a year, far more than typical broad index funds.
Does HFSP pay dividends?
No. HFSP made no distributions in the year to October 27, 2026, so its yield over that period was 0%. That fits its design: the fund seeks maximum total return from short-term trading and usually ends each day in cash rather than owning dividend-paying stocks. Futures contracts themselves pay no dividends. Retirees looking for regular income would get none from this fund, based on its record so far.