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SLG vs. HDGE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SLG vs. HDGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SL Green Realty Corp. (SLG) and AdvisorShares Ranger Equity Bear ETF (HDGE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SLG achieves a 9.96% return, which is significantly higher than HDGE's 6.62% return. Over the past 10 years, SLG has outperformed HDGE with an annualized return of -2.18%, while HDGE has yielded a comparatively lower -15.15% annualized return.


SLG

1D
-1.96%
1M
14.56%
YTD
9.96%
6M
11.91%
1Y
-19.37%
3Y*
35.73%
5Y*
-3.69%
10Y*
-2.18%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SLG vs. HDGE - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SLG
SL Green Realty Corp.
9.96%-29.03%58.26%48.75%-50.94%22.86%-29.14%20.96%-18.80%-3.25%
HDGE
AdvisorShares Ranger Equity Bear ETF
6.62%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 -0.51, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.51

Correlation (3Y)
Calculated over the trailing 3-year period

-0.60

Correlation (5Y)
Calculated over the trailing 5-year period

-0.60

Correlation (10Y)
Calculated over the trailing 10-year period

-0.56

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2011

-0.55

The correlation between SLG and HDGE has been stable across timeframes, ranging from -0.60 to -0.51 - a consistent structural relationship.

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Return for Risk

SLG vs. HDGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLG
SLG Risk / Return Rank: 2323
Overall Rank
SLG Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
SLG Sortino Ratio Rank: 1919
Sortino Ratio Rank
SLG Omega Ratio Rank: 2121
Omega Ratio Rank
SLG Calmar Ratio Rank: 2727
Calmar Ratio Rank
SLG Martin Ratio Rank: 2828
Martin Ratio Rank

HDGE
HDGE Risk / Return Rank: 99
Overall Rank
HDGE Sharpe Ratio Rank: 99
Sharpe Ratio Rank
HDGE Sortino Ratio Rank: 99
Sortino Ratio Rank
HDGE Omega Ratio Rank: 99
Omega Ratio Rank
HDGE Calmar Ratio Rank: 99
Calmar Ratio Rank
HDGE Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


SLGHDGEDifference
Sharpe ratioReturn per unit of total volatility

-0.59

Sortino ratioReturn per unit of downside risk

-0.76

Omega ratioGain probability vs. loss probability

0.94

1.03

-0.09

Calmar ratioReturn relative to maximum drawdown

-0.43

0.11

-0.54

Martin ratioReturn relative to average drawdown

-0.72

0.22

-0.95

SLG vs. HDGE - Sharpe Ratio Comparison

The current SLG Sharpe Ratio is -0.51, which is lower than the HDGE Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of SLG and HDGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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 -93.88%. Use the drawdown chart below to compare losses from any high point for SLG and HDGE.


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Drawdown Indicators


SLGHDGEDifference

Max Drawdown

Largest peak-to-trough decline

-94.02%

-93.88%

-0.14%

Max Drawdown (1Y)

Largest decline over 1 year

-45.40%

-12.26%

-33.14%

Max Drawdown (3Y)

Largest decline over 3 years

-53.91%

-29.46%

-24.45%

Max Drawdown (5Y)

Largest decline over 5 years

-74.27%

-42.97%

-31.30%

Max Drawdown (10Y)

Largest decline over 10 years

-77.70%

-83.69%

+5.99%

Current Drawdown

Current decline from peak

-37.04%

-93.00%

+55.96%

Average Drawdown

Average peak-to-trough decline

-27.45%

-70.17%

+42.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.89%

6.20%

+20.69%

Volatility

SLG vs. HDGE - Volatility Comparison

SL Green Realty Corp. (SLG) has a higher volatility of 10.65% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 5.83%. 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


SLGHDGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.65%

5.83%

+4.82%

Volatility (6M)

Calculated over the trailing 6-month period

28.26%

12.97%

+15.29%

Volatility (1Y)

Calculated over the trailing 1-year period

38.00%

18.36%

+19.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.65%

24.20%

+19.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.34%

23.56%

+18.78%

Dividends

SLG vs. HDGE - Dividend Comparison

SLG's dividend yield for the trailing twelve months is around 4.36%, more than HDGE's 3.28% yield.


PositionTTM20252024202320222021202020192018201720162015
HDGE
AdvisorShares Ranger Equity Bear ETF
3.28%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.
4.36%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 -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SLG has higher volatility (10.65%) compared to HDGE (5.83%). In terms of maximum drawdown, SLG dropped -94.02% vs HDGE's -93.88%.

HDGE currently has the higher Sharpe Ratio (0.07 vs -0.51), 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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