GK vs. HDGE
Compare and contrast key facts about AdvisorShares Gerber Kawasaki ETF (GK) and AdvisorShares Ranger Equity Bear ETF (HDGE).
GK and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GK is an actively managed fund by AdvisorShares. It was launched on Jul 2, 2021. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
GK vs. HDGE - Performance Comparison
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GK vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GK AdvisorShares Gerber Kawasaki ETF | -7.99% | 17.78% | 20.10% | 21.19% | -42.76% | 4.95% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | 6.98% |
Returns By Period
In the year-to-date period, GK achieves a -7.99% return, which is significantly lower than HDGE's 12.05% return.
GK
- 1D
- 3.90%
- 1M
- -7.00%
- YTD
- -7.99%
- 6M
- -9.92%
- 1Y
- 21.18%
- 3Y*
- 11.60%
- 5Y*
- —
- 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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GK vs. HDGE - Expense Ratio Comparison
GK has a 0.75% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
GK vs. HDGE — Risk / Return Rank
GK
HDGE
GK vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Gerber Kawasaki ETF (GK) 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.
| GK | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.22 | +0.74 |
Sortino ratioReturn per unit of downside risk | 1.50 | 0.45 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.21 | +1.20 |
Martin ratioReturn relative to average drawdown | 5.42 | 0.30 | +5.12 |
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
| GK | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.22 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.66 | +0.62 |
Correlation
The correlation between GK and HDGE is -0.72. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GK vs. HDGE - Dividend Comparison
GK's dividend yield for the trailing twelve months is around 0.08%, less than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GK AdvisorShares Gerber Kawasaki ETF | 0.08% | 0.08% | 0.00% | 0.13% | 1.30% | 0.04% | 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
GK vs. HDGE - Drawdown Comparison
The maximum GK drawdown since its inception was -47.72%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for GK and HDGE.
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Drawdown Indicators
| GK | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.72% | -93.88% | +46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -19.63% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -15.10% | -92.64% | +77.54% |
Average DrawdownAverage peak-to-trough decline | -24.74% | -69.85% | +45.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 13.53% | -9.60% |
Volatility
GK vs. HDGE - Volatility Comparison
AdvisorShares Gerber Kawasaki ETF (GK) has a higher volatility of 7.23% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that GK'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.
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Volatility by Period
| GK | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 4.48% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 12.17% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.24% | 19.95% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 23.96% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 23.51% | +0.55% |