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

Correlation

The correlation between HDGE and SLG is -0.56. 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.


-0.50.00.51.0-0.6

Performance

HDGE vs. SLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Ranger Equity Bear ETF (HDGE) and SL Green Realty Corp. (SLG). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-16.40%
25.10%
HDGE
SLG

Key characteristics

Sharpe Ratio

HDGE:

-0.39

SLG:

1.58

Sortino Ratio

HDGE:

-0.44

SLG:

2.17

Omega Ratio

HDGE:

0.95

SLG:

1.26

Calmar Ratio

HDGE:

-0.08

SLG:

1.17

Martin Ratio

HDGE:

-0.78

SLG:

12.03

Ulcer Index

HDGE:

9.98%

SLG:

4.91%

Daily Std Dev

HDGE:

19.84%

SLG:

37.37%

Max Drawdown

HDGE:

-93.86%

SLG:

-94.02%

Current Drawdown

HDGE:

-93.49%

SLG:

-15.40%

Returns By Period

In the year-to-date period, HDGE achieves a -7.46% return, which is significantly lower than SLG's 60.27% return. Over the past 10 years, HDGE has underperformed SLG with an annualized return of -16.26%, while SLG has yielded a comparatively higher -0.67% annualized return.


HDGE

YTD

-7.46%

1M

0.27%

6M

-16.45%

1Y

-9.40%

5Y*

-18.62%

10Y*

-16.26%

SLG

YTD

60.27%

1M

-9.26%

6M

23.01%

1Y

58.85%

5Y*

1.51%

10Y*

-0.67%

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Risk-Adjusted Performance

HDGE vs. SLG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Ranger Equity Bear ETF (HDGE) and SL Green Realty Corp. (SLG). 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 market0.002.004.00-0.391.57
The chart of Sortino ratio for HDGE, currently valued at -0.44, compared to the broader market-2.000.002.004.006.008.0010.00-0.442.16
The chart of Omega ratio for HDGE, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.951.26
The chart of Calmar ratio for HDGE, currently valued at -0.08, compared to the broader market0.005.0010.0015.00-0.081.17
The chart of Martin ratio for HDGE, currently valued at -0.78, compared to the broader market0.0020.0040.0060.0080.00100.00-0.7811.78
HDGE
SLG

The current HDGE Sharpe Ratio is -0.39, which is lower than the SLG Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of HDGE and SLG, 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-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.39
1.57
HDGE
SLG

Dividends

HDGE vs. SLG - Dividend Comparison

HDGE's dividend yield for the trailing twelve months is around 10.35%, more than SLG's 4.34% 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%
SLG
SL Green Realty Corp.
4.34%7.15%10.95%8.49%7.82%3.74%4.16%3.11%2.73%2.23%1.77%1.61%

Drawdowns

HDGE vs. SLG - Drawdown Comparison

The maximum HDGE drawdown since its inception was -93.86%, roughly equal to the maximum SLG drawdown of -94.02%. Use the drawdown chart below to compare losses from any high point for HDGE and SLG. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-93.49%
-15.40%
HDGE
SLG

Volatility

HDGE vs. SLG - Volatility Comparison

The current volatility for AdvisorShares Ranger Equity Bear ETF (HDGE) is 4.66%, while SL Green Realty Corp. (SLG) has a volatility of 9.96%. This indicates that HDGE experiences smaller price fluctuations and is considered to be less risky than SLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
4.66%
9.96%
HDGE
SLG
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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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