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

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.


-0.50.00.51.0-0.9

Performance

HDGE vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-16.40%
10.69%
HDGE
IWM

Key characteristics

Sharpe Ratio

HDGE:

-0.39

IWM:

0.53

Sortino Ratio

HDGE:

-0.44

IWM:

0.89

Omega Ratio

HDGE:

0.95

IWM:

1.11

Calmar Ratio

HDGE:

-0.08

IWM:

0.58

Martin Ratio

HDGE:

-0.78

IWM:

2.82

Ulcer Index

HDGE:

9.98%

IWM:

3.93%

Daily Std Dev

HDGE:

19.84%

IWM:

20.92%

Max Drawdown

HDGE:

-93.86%

IWM:

-59.05%

Current Drawdown

HDGE:

-93.49%

IWM:

-9.03%

Returns By Period

In the year-to-date period, HDGE achieves a -7.46% return, which is significantly lower than IWM's 10.83% return. Over the past 10 years, HDGE has underperformed IWM with an annualized return of -16.26%, while IWM has yielded a comparatively higher 7.75% annualized return.


HDGE

YTD

-7.46%

1M

0.27%

6M

-16.45%

1Y

-9.40%

5Y*

-18.62%

10Y*

-16.26%

IWM

YTD

10.83%

1M

-4.39%

6M

10.69%

1Y

13.33%

5Y*

7.17%

10Y*

7.75%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HDGE vs. IWM - Expense Ratio Comparison

HDGE has a 3.36% expense ratio, which is higher than IWM's 0.19% 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 IWM: current value at 0.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.19%

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.


Sharpe ratio
The chart of Sharpe ratio for HDGE, currently valued at -0.39, compared to the broader market0.002.004.00-0.390.53
The chart of Sortino ratio for HDGE, currently valued at -0.44, compared to the broader market-2.000.002.004.006.008.0010.00-0.440.89
The chart of Omega ratio for HDGE, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.951.11
The chart of Calmar ratio for HDGE, currently valued at -0.08, compared to the broader market0.005.0010.0015.00-0.080.58
The chart of Martin ratio for HDGE, currently valued at -0.78, compared to the broader market0.0020.0040.0060.0080.00100.00-0.782.82
HDGE
IWM

The current HDGE Sharpe Ratio is -0.39, which is lower than the IWM Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of HDGE and IWM, 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-1.000.001.002.00JulyAugustSeptemberOctoberNovemberDecember
-0.39
0.53
HDGE
IWM

Dividends

HDGE vs. IWM - Dividend Comparison

HDGE's dividend yield for the trailing twelve months is around 10.35%, more than IWM's 1.15% 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%
IWM
iShares Russell 2000 ETF
1.15%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 -93.86%, 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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-93.49%
-9.03%
HDGE
IWM

Volatility

HDGE vs. IWM - Volatility Comparison

The current volatility for AdvisorShares Ranger Equity Bear ETF (HDGE) is 4.66%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.06%. 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.66%
6.06%
HDGE
IWM
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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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