WTID vs. HDGE
Compare and contrast key facts about MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and AdvisorShares Ranger Equity Bear ETF (HDGE).
WTID and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTID is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on Feb 16, 2023. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
WTID vs. HDGE - Performance Comparison
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WTID vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -64.82% | -44.50% | -7.93% | -17.12% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -7.03% |
Returns By Period
In the year-to-date period, WTID achieves a -64.82% return, which is significantly lower than HDGE's 12.05% return.
WTID
- 1D
- 4.88%
- 1M
- -34.34%
- YTD
- -64.82%
- 6M
- -65.12%
- 1Y
- -73.42%
- 3Y*
- -48.22%
- 5Y*
- —
- 10Y*
- —
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%
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WTID vs. HDGE - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
WTID vs. HDGE — Risk / Return Rank
WTID
HDGE
WTID vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.
| WTID | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.91 | 0.22 | -1.13 |
Sortino ratioReturn per unit of downside risk | -1.81 | 0.45 | -2.25 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.06 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.21 | -1.07 |
Martin ratioReturn relative to average drawdown | -1.33 | 0.30 | -1.63 |
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
| WTID | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.91 | 0.22 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.66 | 0.00 |
Correlation
The correlation between WTID and HDGE is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WTID vs. HDGE - Dividend Comparison
WTID has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.12%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
WTID vs. HDGE - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.35%, roughly equal to the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for WTID and HDGE.
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Drawdown Indicators
| WTID | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -93.88% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -86.07% | -19.63% | -66.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -89.63% | -92.64% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -52.57% | -69.85% | +17.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.03% | 13.53% | +42.50% |
Volatility
WTID vs. HDGE - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 17.45% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that WTID'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
| WTID | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.45% | 4.48% | +12.97% |
Volatility (6M)Calculated over the trailing 6-month period | 44.85% | 12.17% | +32.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.62% | 19.95% | +60.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.06% | 23.96% | +45.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.06% | 23.51% | +45.55% |