NVDS vs. HDGE
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and AdvisorShares Ranger Equity Bear ETF (HDGE).
NVDS and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDS is a passively managed fund by AXS that tracks the performance of the NVIDIA Corporation (-125%). It was launched on Jul 13, 2022. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
NVDS vs. HDGE - Performance Comparison
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NVDS vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 4.50% | -58.18% | -80.03% | -83.15% | -14.84% |
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 1.50% | -8.01% | -26.98% | -7.65% |
Returns By Period
In the year-to-date period, NVDS achieves a 4.50% return, which is significantly lower than HDGE's 11.86% return.
NVDS
- 1D
- -1.15%
- 1M
- 4.35%
- YTD
- 4.50%
- 6M
- 0.81%
- 1Y
- -61.30%
- 3Y*
- -66.92%
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- -0.17%
- 1M
- 4.07%
- YTD
- 11.86%
- 6M
- 13.54%
- 1Y
- 4.31%
- 3Y*
- -4.82%
- 5Y*
- -2.70%
- 10Y*
- -14.58%
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NVDS vs. HDGE - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
NVDS vs. HDGE — Risk / Return Rank
NVDS
HDGE
NVDS vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) 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.
| NVDS | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | 0.22 | -1.22 |
Sortino ratioReturn per unit of downside risk | -1.58 | 0.45 | -2.03 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.06 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.21 | -1.05 |
Martin ratioReturn relative to average drawdown | -0.99 | 0.30 | -1.30 |
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
| NVDS | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.22 | -1.22 |
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 | -1.00 | -0.67 | -0.34 |
Correlation
The correlation between NVDS and HDGE is 0.39, 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
NVDS vs. HDGE - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 13.58%, more than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 13.58% | 14.19% | 14.11% | 14.69% | 5.72% | 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
NVDS vs. HDGE - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.20%, which is greater than HDGE's maximum drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for NVDS and HDGE.
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Drawdown Indicators
| NVDS | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.20% | -93.88% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -73.78% | -19.63% | -54.15% |
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 | -99.04% | -92.66% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -82.67% | -69.85% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.62% | 13.54% | +49.08% |
Volatility
NVDS vs. HDGE - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 15.70% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.49%. This indicates that NVDS'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
| NVDS | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 4.49% | +11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 38.76% | 12.17% | +26.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.42% | 19.95% | +41.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.38% | 23.95% | +45.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.38% | 23.51% | +45.87% |