SLG vs. HDGE
SLG (SL Green Realty Corp.) is a stock, while HDGE (AdvisorShares Ranger Equity Bear ETF) is Inverse Equities fund actively managed by AdvisorShares. Over the past 10 years, SLG returned -2.74%/yr vs -15.39%/yr for HDGE. Their -0.55 correlation means they have often moved in opposite directions in the past.
Performance
SLG vs. HDGE - Performance Comparison
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Returns By Period
In the year-to-date period, SLG achieves a 18.80% return, which is significantly higher than HDGE's -5.56% return. Over the past 10 years, SLG has outperformed HDGE with an annualized return of -2.74%, while HDGE has yielded a comparatively lower -15.39% annualized return.
SLG
- 1D
- -1.27%
- 1M
- -0.92%
- 6M
- 21.69%
- YTD
- 18.80%
- 1Y
- -0.37%
- 3Y*
- 19.45%
- 5Y*
- -0.86%
- 10Y*
- -2.74%
- ALL TIME*
- 6.92%
HDGE
- 1D
- 0.40%
- 1M
- -5.26%
- 6M
- -7.86%
- YTD
- -5.56%
- 1Y
- -9.67%
- 3Y*
- -3.25%
- 5Y*
- -5.22%
- 10Y*
- -15.39%
- ALL TIME*
- -15.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.40M | $1.05M | $1.06M | |
| $66.86M | $56.34M | $55.63M |
SLG vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLG SL Green Realty Corp. | 18.80% | -29.03% | 58.26% | 48.75% | -50.94% | 22.86% | -29.14% | 20.96% | -18.80% | -3.25% |
HDGE AdvisorShares Ranger Equity Bear ETF | -5.56% | 1.50% | -8.01% | -26.98% | 16.59% | -18.61% | -43.47% | -36.27% | 7.53% | -15.24% |
Correlation
The correlation between SLG and HDGE is -0.49, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.49 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | -0.55 |
The correlation between SLG and HDGE shifts across timeframes, from -0.59 (5 years) to -0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLG vs. HDGE — Risk / Return Rank
SLG
HDGE
SLG vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SL Green Realty Corp. (SLG) 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.
| SLG | HDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.94 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.45 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.11 | -1.23 | +1.12 |
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Drawdowns
SLG vs. HDGE - Drawdown Comparison
The maximum SLG drawdown since its inception was -94.02%, roughly equal to the maximum HDGE drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for SLG and HDGE.
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Drawdown Indicators
| SLG | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -93.98% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -20.34% | -25.06% |
Max Drawdown (3Y)Largest decline over 3 years | -53.91% | -30.63% | -23.28% |
Max Drawdown (5Y)Largest decline over 5 years | -74.27% | -43.92% | -30.35% |
Max Drawdown (10Y)Largest decline over 10 years | -77.70% | -82.25% | +4.55% |
Current DrawdownCurrent decline from peak | -31.98% | -93.80% | +61.82% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -70.33% | +42.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.27% | 7.44% | +19.83% |
Volatility
SLG vs. HDGE - Volatility Comparison
SL Green Realty Corp. (SLG) has a higher volatility of 11.09% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 8.05%. This indicates that SLG'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
| SLG | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 8.05% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 29.37% | 15.10% | +14.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.11% | 19.26% | +18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 24.40% | +19.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 23.53% | +18.86% |
Dividends
SLG vs. HDGE - Dividend Comparison
SLG's dividend yield for the trailing twelve months is around 4.28%, more than HDGE's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.70% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
SLG SL Green Realty Corp. | 4.28% | 6.18% | 4.43% | 7.15% | 10.94% | 5.09% | 7.81% | 3.74% | 4.16% | 3.11% | 2.73% | 2.23% |
Frequently Asked Questions
SLG and HDGE have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLG has higher volatility (11.09%) compared to HDGE (8.05%). In terms of maximum drawdown, SLG dropped -94.02% vs HDGE's -93.98%.
SLG currently has the higher Sharpe Ratio (-0.08 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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