Hedge
Asset Allocation
Performance
The chart shows the growth of an initial investment of $10,000 in Hedge, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
Returns
| 1 month | 6 months | Year-To-Date | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
| Benchmark | -5.04% | 3.97% | 11.69% | 19.60% | 5.68% | N/A |
| Hedge | 9.19% | -1.03% | -9.84% | -17.08% | -6.74% | N/A |
| Portfolio components: | ||||||
DWSH AdvisorShares Dorsey Wright Short ETF | 10.93% | 2.19% | -6.22% | -15.86% | -8.61% | N/A |
HDGE AdvisorShares Ranger Equity Bear ETF | 10.29% | -7.28% | -17.22% | -21.37% | -10.93% | N/A |
SH ProShares Short S&P500 | 5.94% | -0.64% | -6.72% | -13.19% | -7.04% | N/A |
KMLM KFA Mount Lucas Index Strategy ETF | 4.30% | 12.03% | 7.27% | -7.93% | 15.55% | N/A |
PSQ ProShares Short QQQ | 4.95% | -9.04% | -24.00% | -24.75% | -9.61% | N/A |
| Returns over 1 year are annualized | ||||||
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2.73% | 1.37% | 1.29% | -8.59% | -7.82% | 5.43% | 7.74% |
Dividend yield
Hedge granted a 1.31% dividend yield in the last twelve months.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Hedge | 1.31% | 0.86% | 0.75% | 0.03% | 0.40% | 0.20% | 0.01% |
| Portfolio components: | |||||||
DWSH AdvisorShares Dorsey Wright Short ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 3.55% | 0.33% | 0.00% | 0.16% | 1.83% | 1.06% | 0.06% |
KMLM KFA Mount Lucas Index Strategy ETF | 7.57% | 8.12% | 7.48% | 0.00% | 0.00% | 0.00% | 0.00% |
PSQ ProShares Short QQQ | 3.98% | 0.36% | 0.00% | 0.32% | 1.82% | 1.00% | 0.02% |
Expense Ratio
The Hedge has a high expense ratio of 2.87%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | -0.48 | ||||
HDGE AdvisorShares Ranger Equity Bear ETF | -0.74 | ||||
SH ProShares Short S&P500 | -0.69 | ||||
KMLM KFA Mount Lucas Index Strategy ETF | -0.52 | ||||
PSQ ProShares Short QQQ | -1.02 |
Asset Correlations Table
| KMLM | DWSH | HDGE | PSQ | SH | |
|---|---|---|---|---|---|
| KMLM | 1.00 | 0.18 | 0.16 | 0.19 | 0.15 |
| DWSH | 0.18 | 1.00 | 0.84 | 0.68 | 0.76 |
| HDGE | 0.16 | 0.84 | 1.00 | 0.75 | 0.77 |
| PSQ | 0.19 | 0.68 | 0.75 | 1.00 | 0.92 |
| SH | 0.15 | 0.76 | 0.77 | 0.92 | 1.00 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Hedge. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Hedge is 28.82%, recorded on Jul 31, 2023. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.82% | Jun 17, 2022 | 280 | Jul 31, 2023 | — | — | — |
| -24.5% | Dec 3, 2020 | 279 | Jan 11, 2022 | 108 | Jun 16, 2022 | 387 |
Volatility Chart
The current Hedge volatility is 3.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.