ProShares Hedge Replication (HDG)
HDG is a passive ETF by ProShares tracking the investment results of the Merrill Lynch Factor Model - Exchange Series. HDG launched on Jul 12, 2011 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347X2945 |
|---|---|
| CUSIP | 74347X294 |
| Issuer | ProShares |
| Inception Date | Jul 12, 2011 |
| Region | North America (U.S.) |
| Category | Long-Short |
| Leveraged | 1x |
| Index Tracked | Merrill Lynch Factor Model - Exchange Series |
| Home Page | proshares.com |
| Asset Class | Alternatives |
Expense Ratio
HDG has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: HDG vs. DGRO, HDG vs. QAI, HDG vs. VOO, HDG vs. CLSE, HDG vs. SPY, HDG vs. MNA, HDG vs. BTAL, HDG vs. FTLS
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Hedge Replication, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Hedge Replication had a return of 4.79% year-to-date (YTD) and 8.92% in the last 12 months. Over the past 10 years, ProShares Hedge Replication had an annualized return of 2.73%, while the S&P 500 had an annualized return of 11.71%, indicating that ProShares Hedge Replication did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.79% | 20.57% |
| 1 month | 1.90% | 6.34% |
| 6 months | 2.94% | 10.39% |
| 1 year | 8.92% | 32.65% |
| 5 years (annualized) | 3.31% | 14.43% |
| 10 years (annualized) | 2.73% | 11.71% |
Monthly Returns
The table below presents the monthly returns of HDG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.61% | 1.49% | 1.11% | -0.85% | 1.12% | -0.20% | 2.44% | -0.24% | 0.74% | 4.79% | |||
| 2023 | 3.52% | -0.24% | -0.70% | -0.04% | -0.14% | 1.67% | 1.37% | -1.25% | -0.69% | -1.22% | 2.17% | 2.62% | 7.14% |
| 2022 | -3.27% | -0.13% | -0.39% | -3.78% | 0.49% | -3.21% | 2.02% | -0.90% | -4.29% | 1.99% | 3.59% | -0.61% | -8.48% |
| 2021 | 1.41% | 1.91% | -0.02% | 1.06% | -0.08% | 0.11% | -1.25% | 0.71% | -1.35% | 1.32% | -1.55% | 0.74% | 2.97% |
| 2020 | 0.04% | -3.09% | -5.92% | 4.23% | 1.42% | 1.79% | 0.17% | 1.28% | -1.38% | 0.46% | 5.83% | 2.90% | 7.45% |
| 2019 | 3.48% | 1.29% | -0.15% | 1.44% | -2.27% | 2.43% | -0.21% | -1.20% | 1.34% | 1.16% | 0.91% | 1.10% | 9.58% |
| 2018 | 1.30% | -1.44% | -0.21% | 0.33% | 0.51% | -1.00% | 1.13% | 0.09% | -0.13% | -3.24% | 1.03% | -2.87% | -4.52% |
| 2017 | 0.89% | 0.52% | 0.70% | 0.46% | -0.07% | 0.43% | 0.36% | 0.04% | 0.94% | 0.63% | 0.39% | 0.16% | 5.59% |
| 2016 | -2.40% | -0.35% | 2.00% | 0.57% | 0.18% | -0.48% | 1.36% | 0.16% | 0.50% | -0.64% | 0.53% | 0.63% | 2.01% |
| 2015 | -0.15% | 2.13% | 0.00% | 0.23% | 0.32% | -0.83% | 0.40% | -2.70% | -1.33% | 2.61% | -0.07% | -0.98% | -0.48% |
| 2014 | -1.81% | 1.33% | 0.37% | 0.17% | 0.54% | 0.85% | -0.54% | 0.98% | -1.44% | 0.88% | 0.62% | -0.55% | 1.37% |
| 2013 | 1.46% | -0.42% | 0.40% | 0.77% | -0.39% | -1.23% | 0.87% | -0.69% | 1.86% | 2.01% | -0.29% | 0.11% | 4.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HDG is 51, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Hedge Replication (HDG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Hedge Replication granted a 3.50% dividend yield in the last twelve months. The annual payout for that period amounted to $1.74 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.74 | $1.69 | $0.18 | $0.00 | $0.04 | $0.51 | $0.22 | $0.00 | $0.00 | $0.00 |
Dividend yield | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.51% | 0.00% | 0.00% | 0.00% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Hedge Replication. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.43 | $0.00 | $1.22 | ||
| 2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.52 | $1.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.51 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Hedge Replication. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Hedge Replication was 15.31%, occurring on Sep 29, 2022. Recovery took 497 trading sessions.
The current ProShares Hedge Replication drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.31% | Nov 9, 2021 | 224 | Sep 29, 2022 | 497 | Sep 24, 2024 | 721 |
| -13.76% | Feb 18, 2020 | 25 | Mar 23, 2020 | 159 | Nov 5, 2020 | 184 |
| -7.83% | Jul 22, 2011 | 47 | Oct 4, 2011 | 274 | Jan 2, 2013 | 321 |
| -7.82% | May 22, 2015 | 180 | Feb 11, 2016 | 235 | Feb 15, 2017 | 415 |
| -7.42% | Jan 29, 2018 | 228 | Dec 24, 2018 | 207 | Oct 21, 2019 | 435 |
Volatility
Volatility Chart
The current ProShares Hedge Replication volatility is 2.24%, 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.