GDXD vs. HDGE
Compare and contrast key facts about MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) and AdvisorShares Ranger Equity Bear ETF (HDGE).
GDXD and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXD is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
GDXD vs. HDGE - Performance Comparison
Loading graphics...
GDXD vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -51.34% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.30% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -7.34% |
Returns By Period
In the year-to-date period, GDXD achieves a -51.34% return, which is significantly lower than HDGE's 12.05% return.
GDXD
- 1D
- -21.63%
- 1M
- 68.00%
- YTD
- -51.34%
- 6M
- -76.21%
- 1Y
- -96.70%
- 3Y*
- -84.06%
- 5Y*
- -75.49%
- 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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GDXD vs. HDGE - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
GDXD vs. HDGE — Risk / Return Rank
GDXD
HDGE
GDXD vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) 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.
| GDXD | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | 0.22 | -0.92 |
Sortino ratioReturn per unit of downside risk | -2.54 | 0.45 | -2.99 |
Omega ratioGain probability vs. loss probability | 0.73 | 1.06 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.21 | -1.19 |
Martin ratioReturn relative to average drawdown | -1.20 | 0.30 | -1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GDXD | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 0.22 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | -0.11 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | -0.66 | -0.02 |
Correlation
The correlation between GDXD and HDGE is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GDXD vs. HDGE - Dividend Comparison
GDXD has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.12%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
GDXD vs. HDGE - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than HDGE's maximum drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for GDXD and HDGE.
Loading graphics...
Drawdown Indicators
| GDXD | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -93.88% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -98.51% | -19.63% | -78.88% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | -42.97% | -56.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -99.93% | -92.64% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -70.92% | -69.85% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.64% | 13.53% | +67.11% |
Volatility
GDXD vs. HDGE - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 54.68% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that GDXD'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.
Loading graphics...
Volatility by Period
| GDXD | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.68% | 4.48% | +50.20% |
Volatility (6M)Calculated over the trailing 6-month period | 110.83% | 12.17% | +98.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.20% | 19.95% | +118.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.13% | 23.96% | +84.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.21% | 23.51% | +84.70% |