HDG vs. HTUS
Compare and contrast key facts about ProShares Hedge Replication (HDG) and Hull Tactical US ETF (HTUS).
HDG and HTUS 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. HTUS is an actively managed fund by Exchange Traded Concepts. It was launched on Jun 25, 2015.
Performance
HDG vs. HTUS - Performance Comparison
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HDG vs. HTUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDG ProShares Hedge Replication | 0.49% | 7.18% | 5.12% | 7.14% | -8.48% | 2.97% | 7.45% | 9.58% | -4.52% | 5.59% |
HTUS Hull Tactical US ETF | -3.85% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
Returns By Period
In the year-to-date period, HDG achieves a 0.49% return, which is significantly higher than HTUS's -3.85% return. Over the past 10 years, HDG has underperformed HTUS with an annualized return of 3.41%, while HTUS has yielded a comparatively higher 10.99% annualized return.
HDG
- 1D
- 1.28%
- 1M
- -1.94%
- YTD
- 0.49%
- 6M
- 2.17%
- 1Y
- 8.41%
- 3Y*
- 5.75%
- 5Y*
- 1.97%
- 10Y*
- 3.41%
HTUS
- 1D
- 3.72%
- 1M
- -4.31%
- YTD
- -3.85%
- 6M
- 0.02%
- 1Y
- 17.12%
- 3Y*
- 18.82%
- 5Y*
- 13.40%
- 10Y*
- 10.99%
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HDG vs. HTUS - Expense Ratio Comparison
HDG has a 0.95% expense ratio, which is lower than HTUS's 0.97% expense ratio.
Return for Risk
HDG vs. HTUS — Risk / Return Rank
HDG
HTUS
HDG vs. HTUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Hedge Replication (HDG) and Hull Tactical US ETF (HTUS). 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.
| HDG | HTUS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.79 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.37 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.99 | +0.71 |
Martin ratioReturn relative to average drawdown | 6.95 | 6.79 | +0.15 |
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
| HDG | HTUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.79 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.71 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.52 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.51 | -0.13 |
Correlation
The correlation between HDG and HTUS is 0.56, 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.
Dividends
HDG vs. HTUS - Dividend Comparison
HDG's dividend yield for the trailing twelve months is around 2.49%, less than HTUS's 12.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDG ProShares Hedge Replication | 2.49% | 2.55% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.51% | 0.00% | 0.00% | 0.00% |
HTUS Hull Tactical US ETF | 12.37% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% | 0.00% |
Drawdowns
HDG vs. HTUS - Drawdown Comparison
The maximum HDG drawdown since its inception was -15.31%, smaller than the maximum HTUS drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for HDG and HTUS.
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Drawdown Indicators
| HDG | HTUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -47.50% | +32.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -17.90% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -24.41% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -15.31% | -47.50% | +32.19% |
Current DrawdownCurrent decline from peak | -2.74% | -5.29% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -4.11% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.61% | -1.42% |
Volatility
HDG vs. HTUS - Volatility Comparison
The current volatility for ProShares Hedge Replication (HDG) is 2.61%, while Hull Tactical US ETF (HTUS) has a volatility of 6.36%. This indicates that HDG experiences smaller price fluctuations and is considered to be less risky than HTUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDG | HTUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 6.36% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 9.24% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 21.90% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 18.99% | -11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 21.38% | -14.30% |