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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDGE or IWM.
Key characteristics
| HDGE | IWM | |
|---|---|---|
| YTD Return | -9.45% | 19.35% |
| 1Y Return | -24.48% | 42.12% |
| 3Y Return (Ann) | -7.26% | 1.09% |
| 5Y Return (Ann) | -20.51% | 9.93% |
| 10Y Return (Ann) | -16.51% | 8.83% |
| Sharpe Ratio | -1.14 | 1.95 |
| Sortino Ratio | -1.59 | 2.79 |
| Omega Ratio | 0.82 | 1.34 |
| Calmar Ratio | -0.26 | 1.49 |
| Martin Ratio | -1.76 | 11.23 |
| Ulcer Index | 13.85% | 3.75% |
| Daily Std Dev | 21.30% | 21.61% |
| Max Drawdown | -93.70% | -59.05% |
| Current Drawdown | -93.63% | -1.75% |
Correlation
The correlation between HDGE and IWM is -0.87. 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.
Performance
HDGE vs. IWM - Performance Comparison
In the year-to-date period, HDGE achieves a -9.45% return, which is significantly lower than IWM's 19.35% return. Over the past 10 years, HDGE has underperformed IWM with an annualized return of -16.51%, while IWM has yielded a comparatively higher 8.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
HDGE vs. IWM - Risk-Adjusted Performance 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.
Dividends
HDGE vs. IWM - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 10.58%, more than IWM's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 10.58% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.08% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
HDGE vs. IWM - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.70%, 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. For additional features, visit the drawdowns tool.
Volatility
HDGE vs. IWM - Volatility Comparison
The current volatility for AdvisorShares Ranger Equity Bear ETF (HDGE) is 6.10%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.38%. 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.