HEDJ vs. UPV
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and ProShares Ultra Europe (UPV).
HEDJ and UPV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. Both HEDJ and UPV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEDJ or UPV.
Performance
HEDJ vs. UPV - Performance Comparison
Returns By Period
In the year-to-date period, HEDJ achieves a 2.72% return, which is significantly higher than UPV's -2.37% return. Over the past 10 years, HEDJ has outperformed UPV with an annualized return of 7.77%, while UPV has yielded a comparatively lower 2.77% annualized return.
HEDJ
2.72%
-2.98%
-7.35%
8.33%
7.30%
7.77%
UPV
-2.37%
-11.90%
-13.38%
9.68%
2.87%
2.77%
Key characteristics
| HEDJ | UPV | |
|---|---|---|
| Sharpe Ratio | 0.67 | 0.47 |
| Sortino Ratio | 0.99 | 0.81 |
| Omega Ratio | 1.12 | 1.10 |
| Calmar Ratio | 0.73 | 0.40 |
| Martin Ratio | 1.84 | 1.95 |
| Ulcer Index | 4.81% | 6.37% |
| Daily Std Dev | 13.25% | 26.29% |
| Max Drawdown | -38.18% | -67.25% |
| Current Drawdown | -9.23% | -21.86% |
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HEDJ vs. UPV - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is lower than UPV's 0.95% expense ratio.
Correlation
The correlation between HEDJ and UPV is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HEDJ vs. UPV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and ProShares Ultra Europe (UPV). 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
HEDJ vs. UPV - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 3.05%, more than UPV's 2.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 3.05% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
UPV ProShares Ultra Europe | 2.34% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HEDJ vs. UPV - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, smaller than the maximum UPV drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for HEDJ and UPV. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. UPV - Volatility Comparison
The current volatility for WisdomTree Europe Hedged Equity Fund (HEDJ) is 3.93%, while ProShares Ultra Europe (UPV) has a volatility of 8.61%. This indicates that HEDJ experiences smaller price fluctuations and is considered to be less risky than UPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.