HDGE vs. JEPI
Compare and contrast key facts about AdvisorShares Ranger Equity Bear ETF (HDGE) and JPMorgan Equity Premium Income ETF (JEPI).
HDGE and JEPI 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. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
HDGE vs. JEPI - Performance Comparison
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HDGE vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.99% |
JEPI JPMorgan Equity Premium Income ETF | 0.46% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, HDGE achieves a 11.86% return, which is significantly higher than JEPI's 0.46% return.
HDGE
- 1D
- -0.17%
- 1M
- 4.07%
- YTD
- 11.86%
- 6M
- 13.54%
- 1Y
- 4.31%
- 3Y*
- -4.82%
- 5Y*
- -2.70%
- 10Y*
- -14.58%
JEPI
- 1D
- 0.27%
- 1M
- -4.29%
- YTD
- 0.46%
- 6M
- 3.19%
- 1Y
- 8.06%
- 3Y*
- 9.67%
- 5Y*
- 8.32%
- 10Y*
- —
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HDGE vs. JEPI - Expense Ratio Comparison
HDGE has a 3.36% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Return for Risk
HDGE vs. JEPI — Risk / Return Rank
HDGE
JEPI
HDGE vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) and JPMorgan Equity Premium Income ETF (JEPI). 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 | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.61 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.45 | 0.95 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.16 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.79 | -0.58 |
Martin ratioReturn relative to average drawdown | 0.30 | 3.83 | -3.53 |
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 | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.61 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.76 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.04 | -1.70 |
Correlation
The correlation between HDGE and JEPI is -0.60. 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. JEPI - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 3.12%, less than JEPI's 8.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
JEPI JPMorgan Equity Premium Income ETF | 8.46% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% |
Drawdowns
HDGE vs. JEPI - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.88%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for HDGE and JEPI.
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Drawdown Indicators
| HDGE | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.88% | -13.71% | -80.17% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -10.28% | -9.35% |
Max Drawdown (5Y)Largest decline over 5 years | -42.97% | -13.71% | -29.26% |
Max Drawdown (10Y)Largest decline over 10 years | -83.69% | — | — |
Current DrawdownCurrent decline from peak | -92.66% | -4.53% | -88.13% |
Average DrawdownAverage peak-to-trough decline | -69.85% | -2.07% | -67.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.54% | 2.12% | +11.42% |
Volatility
HDGE vs. JEPI - Volatility Comparison
AdvisorShares Ranger Equity Bear ETF (HDGE) has a higher volatility of 4.49% compared to JPMorgan Equity Premium Income ETF (JEPI) at 3.90%. This indicates that HDGE's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDGE | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.90% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 6.36% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.95% | 13.24% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 11.06% | +12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 10.88% | +12.63% |