OILD vs. HDGE
Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and AdvisorShares Ranger Equity Bear ETF (HDGE).
OILD and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
OILD vs. HDGE - Performance Comparison
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OILD vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -59.82% | -41.67% | -14.58% | -19.58% | -90.32% | 5.20% |
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 1.50% | -8.01% | -26.98% | 16.59% | 3.40% |
Returns By Period
In the year-to-date period, OILD achieves a -59.82% return, which is significantly lower than HDGE's 11.86% return.
OILD
- 1D
- 10.51%
- 1M
- -15.65%
- YTD
- -59.82%
- 6M
- -61.74%
- 1Y
- -67.52%
- 3Y*
- -46.53%
- 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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OILD vs. HDGE - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
OILD vs. HDGE — Risk / Return Rank
OILD
HDGE
OILD vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.88 | 0.22 | -1.10 |
Sortino ratioReturn per unit of downside risk | -1.62 | 0.45 | -2.06 |
Omega ratioGain probability vs. loss probability | 0.82 | 1.06 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | 0.21 | -1.01 |
Martin ratioReturn relative to average drawdown | -1.29 | 0.30 | -1.59 |
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
| OILD | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | 0.22 | -1.10 |
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 | -0.77 | -0.67 | -0.10 |
Correlation
The correlation between OILD and HDGE is 0.36, 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
OILD vs. HDGE - Dividend Comparison
OILD has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.12%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 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
OILD vs. HDGE - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than HDGE's maximum drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for OILD and HDGE.
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Drawdown Indicators
| OILD | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -93.88% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -84.54% | -19.63% | -64.91% |
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 | -98.69% | -92.66% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -88.25% | -69.85% | -18.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.71% | 13.54% | +39.17% |
Volatility
OILD vs. HDGE - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 19.05% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.49%. This indicates that OILD'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
| OILD | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.05% | 4.49% | +14.56% |
Volatility (6M)Calculated over the trailing 6-month period | 43.16% | 12.17% | +30.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.80% | 19.95% | +56.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.54% | 23.95% | +55.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.54% | 23.51% | +56.03% |