EMTY vs. HDGE
Compare and contrast key facts about ProShares Decline of the Retail Store ETF (EMTY) and AdvisorShares Ranger Equity Bear ETF (HDGE).
EMTY and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMTY is a passively managed fund by ProShares that tracks the performance of the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). It was launched on Nov 14, 2017. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
EMTY vs. HDGE - Performance Comparison
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EMTY vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | -2.09% | -1.76% | -4.13% | 0.27% | 4.32% | -37.39% | -31.92% | -8.65% | 11.16% | -14.16% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.47% | -36.27% | 7.53% | -5.31% |
Returns By Period
In the year-to-date period, EMTY achieves a -2.09% return, which is significantly lower than HDGE's 12.05% return.
EMTY
- 1D
- -1.62%
- 1M
- 6.84%
- YTD
- -2.09%
- 6M
- 4.35%
- 1Y
- -10.96%
- 3Y*
- -1.89%
- 5Y*
- -4.60%
- 10Y*
- —
HDGE
- 1D
- -1.94%
- 1M
- 4.54%
- YTD
- 12.05%
- 6M
- 13.38%
- 1Y
- 4.28%
- 3Y*
- -4.77%
- 5Y*
- -2.67%
- 10Y*
- -14.57%
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EMTY vs. HDGE - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
EMTY vs. HDGE — Risk / Return Rank
EMTY
HDGE
EMTY vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) 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.
| EMTY | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 0.22 | -0.76 |
Sortino ratioReturn per unit of downside risk | -0.62 | 0.45 | -1.06 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.06 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.21 | -0.66 |
Martin ratioReturn relative to average drawdown | -0.61 | 0.30 | -0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMTY | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 0.22 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.11 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.66 | +0.22 |
Correlation
The correlation between EMTY and HDGE is 0.72, 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.
Dividends
EMTY vs. HDGE - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.56%, more than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.56% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% |
Drawdowns
EMTY vs. HDGE - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for EMTY and HDGE.
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Drawdown Indicators
| EMTY | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -93.88% | +16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -25.41% | -19.63% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -42.97% | +12.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -75.56% | -92.64% | +17.08% |
Average DrawdownAverage peak-to-trough decline | -53.57% | -69.85% | +16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.03% | 13.53% | +5.50% |
Volatility
EMTY vs. HDGE - Volatility Comparison
The current volatility for ProShares Decline of the Retail Store ETF (EMTY) is 4.16%, while AdvisorShares Ranger Equity Bear ETF (HDGE) has a volatility of 4.48%. This indicates that EMTY experiences smaller price fluctuations and is considered to be less risky than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.48% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 12.17% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 19.95% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 23.96% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.76% | 23.51% | +2.25% |