AdvisorShares Ranger Equity Bear ETF (HDGE) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HDGE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HDGE
HDGE charges 3.36% annually. There are 85 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 233.44M | Jun 2016 | HDGE vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 34.08M | Mar 2024 | HDGE vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | HDGE vs EMTY | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | HDGE vs SKRE | |
| Tradr Short Innovation Daily ETF | 0.75% | 41.67M | Nov 2021 | HDGE vs SARK |
Best Risk-Adjusted Alternatives to HDGE
HDGE has a PortfoliosLab risk / return rank of 9. There are 11 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 68.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 68 | 96.16M | Sep 2024 | HDGE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 60 | 30.06M | Aug 2024 | HDGE vs SMST | |
| Direxion Daily NFLX Bear 1X Shares | 59 | 5.10M | Oct 2024 | HDGE vs NFXS | |
| YieldMax Short COIN Option Income Strategy ETF | 37 | 35.08M | Jul 2024 | HDGE vs FIAT | |
| Direxion Daily MSFT Bear 1X Shares | 32 | 11.03M | Sep 2022 | HDGE vs MSFD |
Top Performing HDGE Alternatives (YTD)
HDGE is at -0.94% YTD. There are 15 ETFs in the Inverse Equities category with higher YTD returns, going as high as 25.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily ORCL Bear 1X ETF | 25.50% | 11.74M | Nov 2025 | HDGE vs ORCS | |
| Direxion Daily NFLX Bear 1X Shares | 22.10% | 5.10M | Oct 2024 | HDGE vs NFXS | |
| Direxion Daily PLTR Bear 1X Shares | 21.25% | 40.54M | Dec 2024 | HDGE vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 19.79% | 11.03M | Sep 2022 | HDGE vs MSFD | |
| ProShares Short FTSE China 50 | 14.77% | 4.73M | Mar 2010 | HDGE vs YXI |
Lowest Volatility Alternatives to HDGE
HDGE has 18.49% 1-year volatility. There are 12 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.36%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.36% | 98.54M | Jun 2006 | HDGE vs DOG | |
| Direxion Daily BRKB Bear 1X Shares | 12.51% | 2.34M | Dec 2024 | HDGE vs BRKD | |
| ProShares Short S&P500 | 12.51% | 869.15M | Jun 2006 | HDGE vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.73% | 233.44M | Jun 2016 | HDGE vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 13.92% | 14.88M | Aug 2024 | HDGE vs YQQQ |
Lowest Drawdown Alternatives to HDGE
HDGE has a 1-year max drawdown of -15.40%. There are 5 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | HDGE vs BRKD | |
| ProShares Short FTSE China 50 | -11.39% | 4.73M | Mar 2010 | HDGE vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.01M | Nov 2017 | HDGE vs EMTY | |
| ProShares Short Financials | -14.12% | 13.41M | Jun 2008 | HDGE vs SEF | |
| ProShares Short Dow30 | -15.02% | 98.54M | Jun 2006 | HDGE vs DOG |
Other ETFs from AdvisorShares
The 10 most viewed AdvisorShares ETFs shown here include MSOS, AADR, YOLO and span 7 categories. AUM among these funds goes as high as $915M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AdvisorShares Pure US Cannabis ETF | Small Cap Blend Equities, Cannabis | 29 | -0.42% | 915.20M | Sep 2020 | HDGE vs MSOS | |
| AdvisorShares Dorsey Wright ADR ETF | Global Equities | 15 | -2.96% | 42.05M | Jul 2010 | HDGE vs AADR | |
| AdvisorShares Pure Cannabis ETF | Cannabis | 19 | -18.79% | 31.74M | Apr 2019 | HDGE vs YOLO | |
| AdvisorShares Focused Equity ETF | Large Cap Growth Equities | 8 | -0.26% | 129.89M | Sep 2016 | HDGE vs CWS | |
| Advisorshares Msos 2x Daily ETF | Leveraged Equities | 17 | -37.05% | 55.09M | Aug 2022 | HDGE vs MSOX | |
| AdvisorShares Gerber Kawasaki ETF | Large Cap Growth Equities | 34 | 11.28% | 31.47M | Jul 2021 | HDGE vs GK | |
| AdvisorShares Q Dynamic Growth ETF | Large Cap Growth Equities | 52 | 7.67% | 33.16M | Dec 2020 | HDGE vs QPX | |
| AdvisorShares Vice ETF | Consumer Discretionary Equities | 8 | 6.20% | 7.39M | Dec 2017 | HDGE vs VICE | |
| AdvisorShares Hotel ETF | Consumer Discretionary Equities | 19 | 7.87% | 2.90M | Apr 2021 | HDGE vs BEDZ | |
| AdvisorShares Dorsey Wright FSM US Core ETF | Diversified Portfolio | 36 | 10.53% | 125.35M | Dec 2019 | HDGE vs DWUS |
Often Compared With HDGE
Investors most often compare HDGE with RISR, SLG, DWSH. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare HDGE with Any Fund or Stock
Compare HDGE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HDGE with funds that move differently
AdvisorShares Ranger Equity Bear ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HDGE.
Explore HDGE Diversifiers