BIS vs. HDGE
Compare and contrast key facts about ProShares UltraShort Nasdaq Biotechnology (BIS) and AdvisorShares Ranger Equity Bear ETF (HDGE).
BIS and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIS is a passively managed fund by ProShares that tracks the performance of the NASDAQ Biotechnology Index (-200%). It was launched on Apr 7, 2010. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIS or HDGE.
Correlation
The correlation between BIS and HDGE is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIS vs. HDGE - Performance Comparison
Key characteristics
BIS:
0.58
HDGE:
0.16
BIS:
1.12
HDGE:
0.39
BIS:
1.12
HDGE:
1.04
BIS:
0.22
HDGE:
0.03
BIS:
1.07
HDGE:
0.24
BIS:
20.61%
HDGE:
13.35%
BIS:
38.01%
HDGE:
19.91%
BIS:
-99.77%
HDGE:
-93.88%
BIS:
-99.64%
HDGE:
-92.35%
Returns By Period
In the year-to-date period, BIS achieves a 20.83% return, which is significantly higher than HDGE's 18.24% return. Over the past 10 years, BIS has underperformed HDGE with an annualized return of -16.22%, while HDGE has yielded a comparatively higher -14.54% annualized return.
BIS
20.83%
32.96%
43.88%
19.05%
-16.61%
-16.22%
HDGE
18.24%
12.78%
11.14%
2.41%
-20.91%
-14.54%
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BIS vs. HDGE - Expense Ratio Comparison
BIS has a 0.95% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Risk-Adjusted Performance
BIS vs. HDGE — Risk-Adjusted Performance Rank
BIS
HDGE
BIS vs. HDGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Nasdaq Biotechnology (BIS) and AdvisorShares Ranger Equity Bear ETF (HDGE). 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.
Dividends
BIS vs. HDGE - Dividend Comparison
BIS's dividend yield for the trailing twelve months is around 2.99%, less than HDGE's 6.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
BIS ProShares UltraShort Nasdaq Biotechnology | 2.99% | 3.73% | 1.75% | 0.00% | 0.00% | 0.44% | 2.10% | 0.37% |
HDGE AdvisorShares Ranger Equity Bear ETF | 6.63% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% |
Drawdowns
BIS vs. HDGE - Drawdown Comparison
The maximum BIS drawdown since its inception was -99.77%, which is greater than HDGE's maximum drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for BIS and HDGE. For additional features, visit the drawdowns tool.
Volatility
BIS vs. HDGE - Volatility Comparison
ProShares UltraShort Nasdaq Biotechnology (BIS) has a higher volatility of 14.84% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 7.94%. This indicates that BIS's price experiences larger fluctuations and is considered to be riskier than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.