HDGE vs. SHY
Compare and contrast key facts about AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares 1-3 Year Treasury Bond ETF (SHY).
HDGE and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Performance
HDGE vs. SHY - Performance Comparison
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HDGE vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.47% | -36.27% | 7.53% | -15.24% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.26% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Returns By Period
In the year-to-date period, HDGE achieves a 11.86% return, which is significantly higher than SHY's 0.26% return. Over the past 10 years, HDGE has underperformed SHY with an annualized return of -14.58%, while SHY has yielded a comparatively higher 1.65% annualized 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%
SHY
- 1D
- -0.00%
- 1M
- -0.29%
- YTD
- 0.26%
- 6M
- 1.22%
- 1Y
- 3.57%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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HDGE vs. SHY - Expense Ratio Comparison
HDGE has a 3.36% expense ratio, which is higher than SHY's 0.15% expense ratio.
Return for Risk
HDGE vs. SHY — Risk / Return Rank
HDGE
SHY
HDGE vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) and iShares 1-3 Year Treasury Bond ETF (SHY). 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 | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 2.48 | -2.26 |
Sortino ratioReturn per unit of downside risk | 0.45 | 4.07 | -3.62 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.52 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 4.06 | -3.85 |
Martin ratioReturn relative to average drawdown | 0.30 | 15.56 | -15.26 |
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 | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 2.48 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.87 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | 1.06 | -1.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.29 | -1.95 |
Correlation
The correlation between HDGE and SHY is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HDGE vs. SHY - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 3.12%, less than SHY's 3.72% 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
HDGE vs. SHY - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.88%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for HDGE and SHY.
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Drawdown Indicators
| HDGE | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.88% | -5.71% | -88.17% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -0.89% | -18.74% |
Max Drawdown (5Y)Largest decline over 5 years | -42.97% | -5.71% | -37.26% |
Max Drawdown (10Y)Largest decline over 10 years | -83.69% | -5.71% | -77.98% |
Current DrawdownCurrent decline from peak | -92.66% | -0.47% | -92.19% |
Average DrawdownAverage peak-to-trough decline | -69.85% | -0.52% | -69.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.54% | 0.23% | +13.31% |
Volatility
HDGE vs. SHY - Volatility Comparison
AdvisorShares Ranger Equity Bear ETF (HDGE) has a higher volatility of 4.49% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. This indicates that HDGE's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDGE | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 0.58% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 0.89% | +11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.95% | 1.45% | +18.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 1.97% | +21.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 1.56% | +21.95% |