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HDGE vs. IVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HDGE and IVV is -0.78. 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.


-0.50.00.51.0-0.8

Performance

HDGE vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-16.40%
7.89%
HDGE
IVV

Key characteristics

Sharpe Ratio

HDGE:

-0.39

IVV:

1.98

Sortino Ratio

HDGE:

-0.44

IVV:

2.65

Omega Ratio

HDGE:

0.95

IVV:

1.37

Calmar Ratio

HDGE:

-0.08

IVV:

2.94

Martin Ratio

HDGE:

-0.78

IVV:

13.04

Ulcer Index

HDGE:

9.98%

IVV:

1.90%

Daily Std Dev

HDGE:

19.84%

IVV:

12.49%

Max Drawdown

HDGE:

-93.86%

IVV:

-55.25%

Current Drawdown

HDGE:

-93.49%

IVV:

-3.59%

Returns By Period

In the year-to-date period, HDGE achieves a -7.46% return, which is significantly lower than IVV's 24.54% return. Over the past 10 years, HDGE has underperformed IVV with an annualized return of -16.26%, while IVV has yielded a comparatively higher 12.94% annualized return.


HDGE

YTD

-7.46%

1M

0.27%

6M

-16.45%

1Y

-9.40%

5Y*

-18.62%

10Y*

-16.26%

IVV

YTD

24.54%

1M

-0.72%

6M

7.89%

1Y

26.53%

5Y*

14.53%

10Y*

12.94%

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HDGE vs. IVV - Expense Ratio Comparison

HDGE has a 3.36% expense ratio, which is higher than IVV's 0.03% expense ratio.


HDGE
AdvisorShares Ranger Equity Bear ETF
Expense ratio chart for HDGE: current value at 3.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%3.36%
Expense ratio chart for IVV: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

HDGE vs. IVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares Core S&P 500 ETF (IVV). 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.


Sharpe ratio
The chart of Sharpe ratio for HDGE, currently valued at -0.39, compared to the broader market0.002.004.00-0.391.98
The chart of Sortino ratio for HDGE, currently valued at -0.44, compared to the broader market-2.000.002.004.006.008.0010.00-0.442.65
The chart of Omega ratio for HDGE, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.951.37
The chart of Calmar ratio for HDGE, currently valued at -0.08, compared to the broader market0.005.0010.0015.00-0.082.94
The chart of Martin ratio for HDGE, currently valued at -0.78, compared to the broader market0.0020.0040.0060.0080.00100.00-0.7813.04
HDGE
IVV

The current HDGE Sharpe Ratio is -0.39, which is lower than the IVV Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of HDGE and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.39
1.98
HDGE
IVV

Dividends

HDGE vs. IVV - Dividend Comparison

HDGE's dividend yield for the trailing twelve months is around 10.35%, more than IVV's 1.30% yield.


TTM20232022202120202019201820172016201520142013
HDGE
AdvisorShares Ranger Equity Bear ETF
10.35%9.58%0.00%0.00%0.00%0.22%0.00%0.00%0.00%0.00%0.00%0.00%
IVV
iShares Core S&P 500 ETF
1.30%1.44%1.66%1.20%1.57%1.99%2.21%1.75%2.01%2.27%1.83%1.80%

Drawdowns

HDGE vs. IVV - Drawdown Comparison

The maximum HDGE drawdown since its inception was -93.86%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for HDGE and IVV. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-93.49%
-3.59%
HDGE
IVV

Volatility

HDGE vs. IVV - Volatility Comparison

AdvisorShares Ranger Equity Bear ETF (HDGE) has a higher volatility of 4.66% compared to iShares Core S&P 500 ETF (IVV) at 3.58%. This indicates that HDGE's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.66%
3.58%
HDGE
IVV
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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