MYY vs. HDGE
Compare and contrast key facts about ProShares Short S&P Mid Cap400 (MYY) and AdvisorShares Ranger Equity Bear ETF (HDGE).
MYY and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MYY is a passively managed fund by ProShares that tracks the performance of the S&P Mid Cap 400 (-100%). It was launched on Jun 19, 2006. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
MYY vs. HDGE - Performance Comparison
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MYY vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | -1.60% | -4.05% | -7.08% | -9.46% | 10.23% | -23.04% | -25.94% | -19.98% | 12.79% | -14.63% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.47% | -36.27% | 7.53% | -15.24% |
Returns By Period
In the year-to-date period, MYY achieves a -1.60% return, which is significantly lower than HDGE's 12.05% return. Over the past 10 years, MYY has outperformed HDGE with an annualized return of -10.56%, while HDGE has yielded a comparatively lower -14.57% annualized return.
MYY
- 1D
- -2.74%
- 1M
- 5.76%
- YTD
- -1.60%
- 6M
- -2.06%
- 1Y
- -12.33%
- 3Y*
- -6.45%
- 5Y*
- -4.73%
- 10Y*
- -10.56%
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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MYY vs. HDGE - Expense Ratio Comparison
MYY has a 0.95% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
MYY vs. HDGE — Risk / Return Rank
MYY
HDGE
MYY vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P Mid Cap400 (MYY) 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.
| MYY | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.59 | 0.22 | -0.80 |
Sortino ratioReturn per unit of downside risk | -0.71 | 0.45 | -1.15 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.06 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.21 | -0.66 |
Martin ratioReturn relative to average drawdown | -0.62 | 0.30 | -0.91 |
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
| MYY | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | 0.22 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.11 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.50 | -0.62 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.66 | +0.15 |
Correlation
The correlation between MYY and HDGE is 0.86, 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.
Dividends
MYY vs. HDGE - Dividend Comparison
MYY's dividend yield for the trailing twelve months is around 4.02%, more than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MYY ProShares Short S&P Mid Cap400 | 4.02% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% |
Drawdowns
MYY vs. HDGE - Drawdown Comparison
The maximum MYY drawdown since its inception was -94.89%, roughly equal to the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for MYY and HDGE.
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Drawdown Indicators
| MYY | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.89% | -93.88% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -27.61% | -19.63% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -33.82% | -42.97% | +9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -70.14% | -83.69% | +13.55% |
Current DrawdownCurrent decline from peak | -94.55% | -92.64% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -71.95% | -69.85% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.28% | 13.53% | +6.75% |
Volatility
MYY vs. HDGE - Volatility Comparison
ProShares Short S&P Mid Cap400 (MYY) has a higher volatility of 6.47% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that MYY'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
| MYY | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 4.48% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 12.17% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 19.95% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 23.96% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 23.51% | -2.28% |