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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDGE or SHY.
Key characteristics
| HDGE | SHY | |
|---|---|---|
| YTD Return | -9.45% | 3.17% |
| 1Y Return | -24.48% | 5.10% |
| 3Y Return (Ann) | -7.26% | 1.02% |
| 5Y Return (Ann) | -20.51% | 1.15% |
| 10Y Return (Ann) | -16.51% | 1.17% |
| Sharpe Ratio | -1.14 | 2.68 |
| Sortino Ratio | -1.59 | 4.33 |
| Omega Ratio | 0.82 | 1.56 |
| Calmar Ratio | -0.26 | 2.07 |
| Martin Ratio | -1.76 | 14.45 |
| Ulcer Index | 13.85% | 0.36% |
| Daily Std Dev | 21.30% | 1.92% |
| Max Drawdown | -93.70% | -5.71% |
| Current Drawdown | -93.63% | -0.97% |
Correlation
The correlation between HDGE and SHY is 0.11, 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.
Performance
HDGE vs. SHY - Performance Comparison
In the year-to-date period, HDGE achieves a -9.45% return, which is significantly lower than SHY's 3.17% return. Over the past 10 years, HDGE has underperformed SHY with an annualized return of -16.51%, while SHY has yielded a comparatively higher 1.17% 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. SHY - Expense Ratio Comparison
HDGE has a 3.36% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
HDGE vs. SHY - Risk-Adjusted Performance 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.
Dividends
HDGE vs. SHY - Dividend Comparison
HDGE's dividend yield for the trailing twelve months is around 10.58%, more than SHY's 3.87% 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.87% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
HDGE vs. SHY - Drawdown Comparison
The maximum HDGE drawdown since its inception was -93.70%, 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. For additional features, visit the drawdowns tool.
Volatility
HDGE vs. SHY - Volatility Comparison
AdvisorShares Ranger Equity Bear ETF (HDGE) has a higher volatility of 6.10% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.36%. 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.