GK vs. HDGE
GK (AdvisorShares Gerber Kawasaki ETF) and HDGE (AdvisorShares Ranger Equity Bear ETF) are both exchange-traded funds - GK is a Large Cap Growth Equities fund actively managed by AdvisorShares, while HDGE is a Inverse Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, GK returned 2.34%/yr vs -5.88%/yr for HDGE. Their -0.67 correlation means they have often moved in opposite directions in the past. GK charges 0.75%/yr vs 3.36%/yr for HDGE.
Performance
GK vs. HDGE - Performance Comparison
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Returns By Period
In the year-to-date period, GK achieves a 12.37% return, which is significantly higher than HDGE's -7.47% return.
GK
- 1D
- 1.82%
- 1M
- -0.91%
- 6M
- 11.15%
- YTD
- 12.37%
- 1Y
- 17.72%
- 3Y*
- 17.67%
- 5Y*
- 2.34%
- 10Y*
- —
- ALL TIME*
- 2.85%
HDGE
- 1D
- -2.03%
- 1M
- -7.18%
- 6M
- -9.45%
- YTD
- -7.47%
- 1Y
- -11.50%
- 3Y*
- -4.40%
- 5Y*
- -5.88%
- 10Y*
- -15.33%
- ALL TIME*
- -15.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.34K | $30.78K | $45.67K | |
| $1.39M | $1.04M | $1.07M |
GK vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GK AdvisorShares Gerber Kawasaki ETF | 12.37% | 17.78% | 20.10% | 21.19% | -42.76% | 4.61% |
HDGE AdvisorShares Ranger Equity Bear ETF | -7.47% | 1.50% | -8.01% | -26.98% | 16.59% | 7.87% |
Correlation
The correlation between GK and HDGE is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | -0.67 |
Over the past year, the inverse relationship between GK and HDGE has weakened: their correlation has moved from -0.67 to -0.27, meaning they move in opposite directions less often than they have historically.
GK vs. HDGE - Sectors Allocation Comparison
Sectors
GK
HDGE
Technology
Industrials
Communication Services
Healthcare
Financial Services
Utilities
-
Consumer Cyclical
Consumer Defensive
Basic Materials
-
Energy
-
Real Estate
-
Technology
GK
HDGE
Industrials
GK
HDGE
Communication Services
GK
HDGE
Healthcare
GK
HDGE
Financial Services
GK
HDGE
Utilities
GK
HDGE
-
Consumer Cyclical
GK
HDGE
Consumer Defensive
GK
HDGE
Basic Materials
GK
-
HDGE
Energy
GK
-
HDGE
Real Estate
GK
-
HDGE
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GK | HDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.57 | +1.74 |
| Martin ratioReturn relative to average drawdown | 4.00 | -1.56 | +5.55 |
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Drawdowns
GK vs. HDGE - Drawdown Comparison
The maximum GK drawdown since its inception was -47.72%, smaller than the maximum HDGE drawdown of -93.98%. 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% | -93.98% | +46.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -20.34% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.62% | -30.63% | +7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -47.72% | -43.92% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.25% | — |
Current DrawdownCurrent decline from peak | -4.59% | -93.92% | +89.33% |
Average DrawdownAverage peak-to-trough decline | -23.36% | -70.34% | +46.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 7.55% | -3.11% |
Volatility
GK vs. HDGE - Volatility Comparison
The current volatility for AdvisorShares Gerber Kawasaki ETF (GK) is 7.21%, while AdvisorShares Ranger Equity Bear ETF (HDGE) has a volatility of 8.15%. This indicates that GK 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
| GK | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 8.15% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 15.22% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 19.33% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 24.42% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.01% | 23.54% | +0.47% |
GK vs. HDGE - Expense Ratio Comparison
GK has a 0.75% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Dividends
GK vs. HDGE - Dividend Comparison
GK's dividend yield for the trailing twelve months is around 0.07%, less than HDGE's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GK AdvisorShares Gerber Kawasaki ETF | 0.07% | 0.08% | 0.00% | 0.13% | 1.30% | 0.04% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.78% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Frequently Asked Questions
GK and HDGE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDGE has higher volatility (8.15%) compared to GK (7.21%). In terms of maximum drawdown, GK dropped -47.72% vs HDGE's -93.98%.
On 5-year performance, GK leads with 2.34% vs -5.88% for HDGE. On fees, GK is cheaper at 0.75% per year. On volatility, GK has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GK has performed better with a 2.34% return vs -5.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GK is cheaper with a 0.75% expense ratio, compared with 3.36% for HDGE.
HDGE has the higher dividend yield at 3.78%, compared with 0.07% for GK.
GK is categorized as Large Cap Growth Equities, while HDGE is Inverse Equities. Their fees differ too: 0.75% for GK and 3.36% for HDGE.
GK currently has the higher Sharpe Ratio (0.90 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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