HDG vs. FTLS
Compare and contrast key facts about ProShares Hedge Replication (HDG) and First Trust Long/Short Equity ETF (FTLS).
HDG and FTLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDG is a passively managed fund by ProShares that tracks the performance of the Merrill Lynch Factor Model - Exchange Series. It was launched on Jul 12, 2011. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDG or FTLS.
Correlation
The correlation between HDG and FTLS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HDG vs. FTLS - Performance Comparison
Key characteristics
HDG:
1.44
FTLS:
1.82
HDG:
2.03
FTLS:
2.49
HDG:
1.27
FTLS:
1.33
HDG:
1.30
FTLS:
4.22
HDG:
9.57
FTLS:
13.24
HDG:
0.79%
FTLS:
1.41%
HDG:
5.24%
FTLS:
10.31%
HDG:
-15.31%
FTLS:
-20.53%
HDG:
-0.42%
FTLS:
-0.12%
Returns By Period
In the year-to-date period, HDG achieves a 0.89% return, which is significantly lower than FTLS's 2.74% return. Over the past 10 years, HDG has underperformed FTLS with an annualized return of 2.58%, while FTLS has yielded a comparatively higher 8.81% annualized return.
HDG
0.89%
1.13%
1.96%
7.51%
2.69%
2.58%
FTLS
2.74%
2.19%
8.56%
18.08%
10.09%
8.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HDG vs. FTLS - Expense Ratio Comparison
HDG has a 0.95% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
HDG vs. FTLS — Risk-Adjusted Performance Rank
HDG
FTLS
HDG vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Hedge Replication (HDG) and First Trust Long/Short Equity ETF (FTLS). 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
HDG vs. FTLS - Dividend Comparison
HDG's dividend yield for the trailing twelve months is around 3.47%, more than FTLS's 1.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDG ProShares Hedge Replication | 3.47% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.46% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
HDG vs. FTLS - Drawdown Comparison
The maximum HDG drawdown since its inception was -15.31%, smaller than the maximum FTLS drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for HDG and FTLS. For additional features, visit the drawdowns tool.
Volatility
HDG vs. FTLS - Volatility Comparison
The current volatility for ProShares Hedge Replication (HDG) is 1.40%, while First Trust Long/Short Equity ETF (FTLS) has a volatility of 4.25%. This indicates that HDG experiences smaller price fluctuations and is considered to be less risky than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.