METD vs. HDGE
Compare and contrast key facts about Direxion Daily META Bear 1X ETF (METD) and AdvisorShares Ranger Equity Bear ETF (HDGE).
METD and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METD is an actively managed fund by Direxion. It was launched on Jun 5, 2024. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
METD vs. HDGE - Performance Comparison
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METD vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 12.25% | -17.33% | -15.84% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -14.56% |
Returns By Period
The year-to-date returns for both stocks are quite close, with METD having a 12.25% return and HDGE slightly lower at 12.05%.
METD
- 1D
- -6.54%
- 1M
- 11.62%
- YTD
- 12.25%
- 6M
- 23.48%
- 1Y
- -7.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- -1.94%
- 1M
- 4.54%
- YTD
- 12.05%
- 6M
- 13.38%
- 1Y
- 4.28%
- 3Y*
- -4.77%
- 5Y*
- -2.67%
- 10Y*
- -14.57%
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METD vs. HDGE - Expense Ratio Comparison
METD has a 1.00% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
METD vs. HDGE — Risk / Return Rank
METD
HDGE
METD vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) and AdvisorShares Ranger Equity Bear ETF (HDGE). 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.
| METD | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | 0.22 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.00 | 0.45 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.21 | -0.40 |
Martin ratioReturn relative to average drawdown | -0.27 | 0.30 | -0.57 |
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
| METD | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.22 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | -0.66 | +0.31 |
Correlation
The correlation between METD and HDGE is 0.32, 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
METD vs. HDGE - Dividend Comparison
METD's dividend yield for the trailing twelve months is around 2.43%, less than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 2.43% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
METD vs. HDGE - Drawdown Comparison
The maximum METD drawdown since its inception was -46.03%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for METD and HDGE.
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Drawdown Indicators
| METD | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -93.88% | +47.85% |
Max Drawdown (1Y)Largest decline over 1 year | -39.89% | -19.63% | -20.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -27.85% | -92.64% | +64.79% |
Average DrawdownAverage peak-to-trough decline | -28.04% | -69.85% | +41.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.13% | 13.53% | +15.60% |
Volatility
METD vs. HDGE - Volatility Comparison
Direxion Daily META Bear 1X ETF (METD) has a higher volatility of 13.49% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that METD's price experiences larger fluctuations and is considered to be riskier than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METD | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.49% | 4.48% | +9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 26.76% | 12.17% | +14.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.30% | 19.95% | +20.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 23.96% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.27% | 23.51% | +12.76% |