HNDL - HNDL: Good Diversified Multi-Asset Class ETF But Better Choices Out There
2024-04-08 23:51:59 ET
Summary
- HNDL invests in a diversified portfolio of ETFs.
- It has a little bit of everything: equities, bonds, preferred shares, MLPs, and more.
- Although nothing is significantly wrong with the fund, it pales in comparison to an important peer.
I last covered the Strategy Shares NASDAQ 7 HANDL Index ETF ( HNDL ), a diversified, leveraged, multi-asset class fund of funds, in early 2023. In that article, I argued that HNDL's diversified holdings and below-average risk and volatility made the fund a buy.
Since then, the fund has seen total returns of about 10%, in-line with those of its underlying holdings. At the same time, since I last covered the fund I've grown much more bullish on the Saba Closed-End Funds ETF (BATS: CEFS ), a diversified fund of CEFs. CEFS has a higher, more sustainable 8.5% yield compared to 7.0% for HNDL. CEFS has a much stronger performance track-record too, albeit with higher risk....
HNDL: Good Diversified Multi-Asset Class ETF, But Better Choices Out There