SLG vs. HDGE

Last updated Apr 1, 2026

Compare and contrast key facts about SL Green Realty Corp. (SLG) and AdvisorShares Ranger Equity Bear ETF (HDGE).

HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.

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.

SLG vs. HDGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLG SL Green Realty Corp.	-18.06%	-29.03%	58.26%	48.75%	-50.94%	22.86%	-29.14%	20.96%	-18.80%	-3.25%
HDGE AdvisorShares Ranger Equity Bear ETF	12.05%	1.50%	-8.01%	-26.98%	16.59%	-18.61%	-43.47%	-36.27%	7.53%	-15.24%

Returns By Period

In the year-to-date period, SLG achieves a -18.06% return, which is significantly lower than HDGE's 12.05% return. Over the past 10 years, SLG has outperformed HDGE with an annualized return of -4.49%, while HDGE has yielded a comparatively lower -14.57% annualized return.

SLG

• 1D: 4.76%
• 1M: 2.00%
• YTD: -18.06%
• 6M: -36.49%
• 1Y: -32.38%
• 3Y*: 24.11%
• 5Y*: -7.16%
• 10Y*: -4.49%

HDGE

• 1D: -1.94%
• 1M: 4.54%
• YTD: 12.05%
• 6M: 13.38%
• 1Y: 4.28%
• 3Y*: -4.77%
• 5Y*: -2.67%
• 10Y*: -14.57%

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

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: 12
SLG Sharpe Ratio Rank: 8
SLG Sortino Ratio Rank: 10
SLG Omega Ratio Rank: 12
SLG Calmar Ratio Rank: 17
SLG Martin Ratio Rank: 13

HDGE

HDGE Risk / Return Rank: 17
HDGE Sharpe Ratio Rank: 18
HDGE Sortino Ratio Rank: 18
HDGE Omega Ratio Rank: 17
HDGE Calmar Ratio Rank: 16
HDGE Martin Ratio Rank: 14

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.

	SLG	HDGE	Difference
Sharpe ratio Return per unit of total volatility	-0.83	0.22	-1.04
Sortino ratio Return per unit of downside risk	-1.07	0.45	-1.52
Omega ratio Gain probability vs. loss probability	0.88	1.06	-0.18
Calmar ratio Return relative to maximum drawdown	-0.70	0.21	-0.91
Martin ratio Return relative to average drawdown	-1.40	0.30	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLG vs. HDGE - Sharpe Ratio Comparison

The current SLG Sharpe Ratio is -0.83, which is lower than the HDGE Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of SLG and HDGE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLG	HDGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	0.22	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.11	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.11	-0.62	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	-0.66	+0.80

Correlation

The correlation between SLG and HDGE is -0.55. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SLG vs. HDGE - Dividend Comparison

SLG's dividend yield for the trailing twelve months is around 7.25%, more than HDGE's 3.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLG SL Green Realty Corp.	7.25%	6.18%	4.43%	7.15%	10.94%	5.09%	7.81%	3.74%	4.16%	3.11%	2.73%	2.23%
HDGE AdvisorShares Ranger Equity Bear ETF	3.12%	3.50%	7.83%	9.58%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	SLG	HDGE	Difference
Max Drawdown Largest peak-to-trough decline	-94.02%	-93.88%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-45.40%	-19.63%	-25.77%
Max Drawdown (5Y) Largest decline over 5 years	-74.47%	-42.97%	-31.50%
Max Drawdown (10Y) Largest decline over 10 years	-77.70%	-83.69%	+5.99%
Current Drawdown Current decline from peak	-53.08%	-92.64%	+39.56%
Average Drawdown Average peak-to-trough decline	-27.32%	-69.85%	+42.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.87%	13.53%	+9.34%

Volatility

SLG vs. HDGE - Volatility Comparison

SL Green Realty Corp. (SLG) has a higher volatility of 13.78% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. 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.

Volatility by Period

	SLG	HDGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.78%	4.48%	+9.30%
Volatility (6M) Calculated over the trailing 6-month period	27.42%	12.17%	+15.25%
Volatility (1Y) Calculated over the trailing 1-year period	39.32%	19.95%	+19.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.32%	23.96%	+19.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.00%	23.51%	+18.49%