DWSH vs. HDGE
Compare and contrast key facts about AdvisorShares Dorsey Wright Short ETF (DWSH) and AdvisorShares Ranger Equity Bear ETF (HDGE).
DWSH and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWSH is an actively managed fund by AdvisorShares. It was launched on Jul 10, 2018. 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: DWSH or HDGE.
Correlation
The correlation between DWSH and HDGE is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DWSH vs. HDGE - Performance Comparison
Key characteristics
DWSH:
0.13
HDGE:
-0.68
DWSH:
0.31
HDGE:
-0.88
DWSH:
1.04
HDGE:
0.90
DWSH:
0.03
HDGE:
-0.14
DWSH:
0.55
HDGE:
-1.20
DWSH:
4.23%
HDGE:
10.95%
DWSH:
17.77%
HDGE:
19.44%
DWSH:
-82.33%
HDGE:
-93.86%
DWSH:
-81.06%
HDGE:
-93.59%
Returns By Period
In the year-to-date period, DWSH achieves a -0.71% return, which is significantly higher than HDGE's -0.98% return.
DWSH
-0.71%
3.24%
5.23%
1.90%
-18.47%
N/A
HDGE
-0.98%
2.24%
-8.00%
-13.86%
-17.91%
-16.93%
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DWSH vs. HDGE - Expense Ratio Comparison
DWSH has a 3.67% expense ratio, which is higher than HDGE's 3.36% expense ratio.
Risk-Adjusted Performance
DWSH vs. HDGE — Risk-Adjusted Performance Rank
DWSH
HDGE
DWSH vs. HDGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright Short ETF (DWSH) 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
DWSH vs. HDGE - Dividend Comparison
DWSH's dividend yield for the trailing twelve months is around 6.22%, less than HDGE's 7.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
DWSH AdvisorShares Dorsey Wright Short ETF | 6.22% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% |
HDGE AdvisorShares Ranger Equity Bear ETF | 7.91% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% |
Drawdowns
DWSH vs. HDGE - Drawdown Comparison
The maximum DWSH drawdown since its inception was -82.33%, smaller than the maximum HDGE drawdown of -93.86%. Use the drawdown chart below to compare losses from any high point for DWSH and HDGE. For additional features, visit the drawdowns tool.
Volatility
DWSH vs. HDGE - Volatility Comparison
AdvisorShares Dorsey Wright Short ETF (DWSH) and AdvisorShares Ranger Equity Bear ETF (HDGE) have volatilities of 4.65% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.