RGTZ vs. HDGE
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and HDGE (AdvisorShares Ranger Equity Bear ETF) are both Inverse Equities funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. RGTZ charges 1.29%/yr vs 3.36%/yr for HDGE.
Performance
RGTZ vs. HDGE - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -85.36% return, which is significantly lower than HDGE's 6.62% return.
RGTZ
- 1D
- -1.08%
- 1M
- 14.70%
- YTD
- -85.36%
- 6M
- -79.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- 0.83%
- 1M
- 0.59%
- YTD
- 6.62%
- 6M
- 8.10%
- 1Y
- 1.33%
- 3Y*
- -3.91%
- 5Y*
- -2.09%
- 10Y*
- -15.15%
RGTZ vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -85.36% | 7.21% |
HDGE AdvisorShares Ranger Equity Bear ETF | 6.62% | 1.44% |
Correlation
The correlation between RGTZ and HDGE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.30 |
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Return for Risk
RGTZ vs. HDGE — Risk / Return Rank
RGTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDGE
RGTZ vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RGTZ | HDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.03 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.11 | — |
| Martin ratioReturn relative to average drawdown | — | 0.22 | — |
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Drawdowns
RGTZ vs. HDGE - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, roughly equal to the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for RGTZ and HDGE.
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Drawdown Indicators
| RGTZ | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -93.88% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.46% | — |
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 | -91.15% | -93.00% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -44.28% | -70.17% | +25.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.20% | — |
Volatility
RGTZ vs. HDGE - Volatility Comparison
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Volatility by Period
| RGTZ | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.95% | 18.36% | +200.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.95% | 24.20% | +194.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.95% | 23.56% | +195.39% |
RGTZ vs. HDGE - Expense Ratio Comparison
RGTZ has a 1.29% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Dividends
RGTZ vs. HDGE - Dividend Comparison
RGTZ has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.28% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
RGTZ Defiance Daily Target 2X Short RGTI ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RGTZ and HDGE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RGTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RGTZ is cheaper with a 1.29% expense ratio, compared with 3.36% for HDGE.
HDGE has the higher dividend yield at 3.28%, compared with 0.00% for RGTZ.
They also come from different issuers: Defiance ETFs and AdvisorShares. Their fees differ too: 1.29% for RGTZ and 3.36% for HDGE.
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