VEGA vs. HDGE
Compare and contrast key facts about AdvisorShares STAR Global Buy-Write ETF (VEGA) and AdvisorShares Ranger Equity Bear ETF (HDGE).
VEGA and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGA is an actively managed fund by AdvisorShares. It was launched on Sep 17, 2012. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
VEGA vs. HDGE - Performance Comparison
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VEGA vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | -1.70% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 19.29% | -6.58% | 11.50% |
HDGE AdvisorShares Ranger Equity Bear ETF | 11.86% | 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, VEGA achieves a -1.70% return, which is significantly lower than HDGE's 11.86% return. Over the past 10 years, VEGA has outperformed HDGE with an annualized return of 7.20%, while HDGE has yielded a comparatively lower -14.58% annualized return.
VEGA
- 1D
- 2.04%
- 1M
- -4.55%
- YTD
- -1.70%
- 6M
- 0.52%
- 1Y
- 13.73%
- 3Y*
- 11.68%
- 5Y*
- 6.03%
- 10Y*
- 7.20%
HDGE
- 1D
- -0.17%
- 1M
- 4.07%
- YTD
- 11.86%
- 6M
- 13.54%
- 1Y
- 4.31%
- 3Y*
- -4.82%
- 5Y*
- -2.70%
- 10Y*
- -14.58%
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VEGA vs. HDGE - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
VEGA vs. HDGE — Risk / Return Rank
VEGA
HDGE
VEGA vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) 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.
| VEGA | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.22 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.68 | 0.45 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.21 | +1.54 |
Martin ratioReturn relative to average drawdown | 8.16 | 0.30 | +7.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEGA | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.22 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.11 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | -0.62 | +1.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.67 | +1.14 |
Correlation
The correlation between VEGA and HDGE is -0.60. 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
VEGA vs. HDGE - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.37%, less than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.37% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
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% |
Drawdowns
VEGA vs. HDGE - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for VEGA and HDGE.
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Drawdown Indicators
| VEGA | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -93.88% | +65.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -19.63% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -42.97% | +20.19% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | -83.69% | +55.32% |
Current DrawdownCurrent decline from peak | -4.95% | -92.66% | +87.71% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -69.85% | +66.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 13.54% | -11.76% |
Volatility
VEGA vs. HDGE - Volatility Comparison
AdvisorShares STAR Global Buy-Write ETF (VEGA) and AdvisorShares Ranger Equity Bear ETF (HDGE) have volatilities of 4.30% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.49% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 12.17% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 19.95% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 23.95% | -11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 23.51% | -10.84% |