HDGE vs. IWM
Compare and contrast key facts about AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares Russell 2000 ETF (IWM).
HDGE and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Performance
HDGE vs. IWM - Performance Comparison
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HDGE vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.47% | -36.27% | 7.53% | -15.24% |
IWM iShares Russell 2000 ETF | 0.93% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Returns By Period
In the year-to-date period, HDGE achieves a 12.05% return, which is significantly higher than IWM's 0.93% return. Over the past 10 years, HDGE has underperformed IWM with an annualized return of -14.57%, while IWM has yielded a comparatively higher 9.76% annualized return.
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%
IWM
- 1D
- 3.50%
- 1M
- -4.96%
- YTD
- 0.93%
- 6M
- 3.02%
- 1Y
- 25.66%
- 3Y*
- 12.94%
- 5Y*
- 3.34%
- 10Y*
- 9.76%
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HDGE vs. IWM - Expense Ratio Comparison
HDGE has a 3.36% expense ratio, which is higher than IWM's 0.19% expense ratio.
Return for Risk
HDGE vs. IWM — Risk / Return Rank
HDGE
IWM
HDGE vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares Russell 2000 ETF (IWM). 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.
| HDGE | IWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 1.11 | -0.90 |
Sortino ratioReturn per unit of downside risk | 0.45 | 1.66 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.82 | -1.62 |
Martin ratioReturn relative to average drawdown | 0.30 | 6.76 | -6.46 |
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
| HDGE | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.11 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.15 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | 0.43 | -1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | 0.34 | -1.01 |
Correlation
The correlation between HDGE and IWM is -0.86. 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
HDGE vs. IWM - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 3.12%, more than IWM's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.02% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Drawdowns
HDGE vs. IWM - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.88%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for HDGE and IWM.
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Drawdown Indicators
| HDGE | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.88% | -59.05% | -34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -13.74% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -42.97% | -31.91% | -11.06% |
Max Drawdown (10Y)Largest decline over 10 years | -83.69% | -41.13% | -42.56% |
Current DrawdownCurrent decline from peak | -92.64% | -7.91% | -84.73% |
Average DrawdownAverage peak-to-trough decline | -69.85% | -10.83% | -59.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 3.70% | +9.83% |
Volatility
HDGE vs. IWM - Volatility Comparison
The current volatility for AdvisorShares Ranger Equity Bear ETF (HDGE) is 4.48%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.47%. This indicates that HDGE experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDGE | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 7.47% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 14.47% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.95% | 23.18% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 22.55% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 22.99% | +0.52% |