TGLR vs. HDLB
TGLR (Wedbush LAFFER|TENGLER New Era Value ETF) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - TGLR is a Dividend fund actively managed by Wedbush, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). TGLR is actively managed, while HDLB is passively managed. Over the past year, TGLR returned 25.36% vs 27.43% for HDLB. Their 0.33 correlation means their historical movements had little consistent relationship. TGLR charges 0.95%/yr vs 1.65%/yr for HDLB.
Performance
TGLR vs. HDLB - Performance Comparison
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Returns By Period
In the year-to-date period, TGLR achieves a 13.03% return, which is significantly lower than HDLB's 25.86% return.
TGLR
- 1D
- 1.01%
- 1M
- 1.21%
- 6M
- 7.68%
- YTD
- 13.03%
- 1Y
- 25.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.26%
HDLB
- 1D
- 0.59%
- 1M
- 6.90%
- 6M
- 10.29%
- YTD
- 25.86%
- 1Y
- 27.43%
- 3Y*
- 31.59%
- 5Y*
- 14.45%
- 10Y*
- —
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.33K | $56.22K | $58.39K | |
| $127.00K | $118.29K | $218.46K |
TGLR vs. HDLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TGLR Wedbush LAFFER|TENGLER New Era Value ETF | 13.03% | 23.30% | 18.71% | 4.88% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 25.86% | 27.26% | 28.21% | 9.59% |
Correlation
The correlation between TGLR and HDLB is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2023 | 0.33 |
Over the past year, the correlation between TGLR and HDLB has dropped to 0.12 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
TGLR vs. HDLB — Risk / Return Rank
TGLR
HDLB
TGLR vs. HDLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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.
| TGLR | HDLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.70 | +1.25 |
| Martin ratioReturn relative to average drawdown | 11.79 | 3.66 | +8.14 |
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Drawdowns
TGLR vs. HDLB - Drawdown Comparison
The maximum TGLR drawdown since its inception was -19.82%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for TGLR and HDLB.
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Drawdown Indicators
| TGLR | HDLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.82% | -78.70% | +58.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -16.17% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.81% | — |
Current DrawdownCurrent decline from peak | -0.72% | -5.07% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -26.99% | +24.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 7.52% | -5.36% |
Volatility
TGLR vs. HDLB - Volatility Comparison
The current volatility for Wedbush LAFFER|TENGLER New Era Value ETF (TGLR) is 3.67%, while ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a volatility of 11.18%. This indicates that TGLR experiences smaller price fluctuations and is considered to be less risky than HDLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGLR | HDLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 11.18% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 21.85% | -11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 28.69% | -15.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 31.07% | -15.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 43.42% | -28.25% |
TGLR vs. HDLB - Expense Ratio Comparison
TGLR has a 0.95% expense ratio, which is lower than HDLB's 1.65% expense ratio.
Dividends
TGLR vs. HDLB - Dividend Comparison
TGLR's dividend yield for the trailing twelve months is around 0.93%, less than HDLB's 10.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 10.13% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
TGLR Wedbush LAFFER|TENGLER New Era Value ETF | 0.93% | 1.16% | 1.02% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGLR and HDLB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDLB has higher volatility (11.18%) compared to TGLR (3.67%). In terms of maximum drawdown, TGLR dropped -19.82% vs HDLB's -78.70%.
On 1-year performance, HDLB leads with 27.43% vs 25.36% for TGLR. On fees, TGLR is cheaper at 0.95% per year. On volatility, TGLR has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDLB has performed better with a 27.43% return vs 25.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TGLR is cheaper with a 0.95% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 10.13%, compared with 0.93% for TGLR.
TGLR is categorized as Dividend, while HDLB is Leveraged Equities. They also come from different issuers: Wedbush and UBS. Their fees differ too: 0.95% for TGLR and 1.65% for HDLB.
TGLR currently has the higher Sharpe Ratio (1.93 vs 0.96), 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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