TTXD vs. HDGE
TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and HDGE (AdvisorShares Ranger Equity Bear ETF) are both Inverse Equities funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent.
Performance
TTXD vs. HDGE - Performance Comparison
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Returns By Period
In the year-to-date period, TTXD achieves a -43.91% return, which is significantly lower than HDGE's 2.72% return.
TTXD
- 1D
- -1.93%
- 1M
- 1.52%
- YTD
- -43.91%
- 6M
- -42.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- -0.09%
- 1M
- -0.99%
- YTD
- 2.72%
- 6M
- 3.30%
- 1Y
- 0.21%
- 3Y*
- -3.79%
- 5Y*
- -2.61%
- 10Y*
- -15.18%
TTXD vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | -43.91% | 10.81% |
HDGE AdvisorShares Ranger Equity Bear ETF | 2.72% | 1.19% |
Correlation
The correlation between TTXD and HDGE is 0.18, 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 1, 2025 | 0.18 |
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Return for Risk
TTXD vs. HDGE — Risk / Return Rank
TTXD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDGE
TTXD vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) 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.
| TTXD | HDGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.02 | — |
| Martin ratioReturn relative to average drawdown | — | 0.03 | — |
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Drawdowns
TTXD vs. HDGE - Drawdown Comparison
The maximum TTXD drawdown since its inception was -67.61%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for TTXD and HDGE.
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Drawdown Indicators
| TTXD | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.61% | -93.88% | +26.27% |
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 | — | -83.01% | — |
Current DrawdownCurrent decline from peak | -63.30% | -93.26% | +29.96% |
Average DrawdownAverage peak-to-trough decline | -19.60% | -70.20% | +50.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.05% | — |
Volatility
TTXD vs. HDGE - Volatility Comparison
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Volatility by Period
| TTXD | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.50% | 18.36% | +45.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.50% | 24.22% | +39.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.50% | 23.46% | +40.04% |
Dividends
TTXD vs. HDGE - Dividend Comparison
TTXD's dividend yield for the trailing twelve months is around 3.50%, more than HDGE's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDGE AdvisorShares Ranger Equity Bear ETF | 3.40% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | 3.50% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTXD and HDGE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTXD has the higher dividend yield at 3.50%, compared with 3.40% for HDGE.
They also come from different issuers: Direxion and AdvisorShares.
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