HDG vs BCDF
Comparison between PROSHARES HEDGE REPLICATION ETF (HDG, ETF) and HORIZON KINETICS BLOCKCHAIN DEVELOPMENT ETF (BCDF, ETF).
HDG vs BCDF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HDG
$22M
BCDF
$22M
Expense Ratio
HDG
0.95%
Winner
BCDF
0.85%
Max Drawdown
Winner
HDG
15.31%
BCDF
27.97%
Sharpe Ratio
Winner
HDG
1.19
BCDF
-0.07
5Y Beta
Winner
HDG
0.33
BCDF
0.56
HDG vs BCDF - Holdings Comparison
HDG and BCDF have 5 common holdings. Overlap is -0.06%
HDG's top 25 holdings weight is 20.55%. BCDF's top 25 holdings weight is 97.15%.
| Rank | HDG | BCDF |
|---|---|---|
| #1 | CTE PROSHARES TRUST M (n/a) - 12.50% | US BANK MMDA USBGFS 7 (n/a) - 8.46% |
| #2 | MSCI EAFE INDEX (EFA) SWAP (n/a) - 2.45% | SINGAPORE EXCHANGE LTD (n/a) - 7.99% |
| #3 | CASH (n/a) - 2.38% | URBANA CORP REGISTERED SHS -A- NON VTG (UBAAF) - 7.04% |
| #4 | MSCI EMERGING MARKETS INDEX (EEM) SWAP (n/a) - 1.76% | CBOE GLOBAL MARKETS INC (CBOE) - 6.69% |
| #5 | S&P 500 INDEX SWAP (n/a) - 0.61% | TMX GROUP LTD (TMXXF) - 5.17% |
| #6 | JFROG LTD ORDINARY SHARES (FROG) - 0.05% | DEUTSCHE BOERSE AG (n/a) - 4.78% |
| #7 | UMB FINANCIAL CORP (UMBF) - 0.05% | NASDAQ INC (NDAQ) - 4.73% |
| #8 | MOOG INC CLASS A (MOG-A) - 0.05% | JAPAN EXCHANGE GROUP INC (n/a) - 4.52% |
| #9 | CYTOKINETICS INC (CYTK) - 0.05% | CACI INTERNATIONAL INC CLASS A (CACI) - 4.34% |
| #10 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.05% | INTERCONTINENTAL EXCHANGE INC (ICE) - 4.20% |
| #11 | IMMUNITYBIO INC ORDINARY SHARES (IBRX) - 0.04% | HAWAIIAN ELECTRIC INDUSTRIES INC (HE) - 4.19% |
| #12 | DORMAN PRODUCTS INC (DORM) - 0.04% | GALAXY DIGITAL INC ORDINARY SHARES CLASS A (GLXY) - 3.78% |
| #13 | EASTERN BANKSHARES INC ORDINARY SHARES (EBC) - 0.04% | LANDBRIDGE CO LLC CLASS A SHARES (LB) - 3.70% |
| #14 | DIODES INC (DIOD) - 0.04% | WISDOMTREE INC (WT) - 3.68% |
| #15 | n/a (SEI) - 0.04% | MIAMI INTERNATIONAL HOLDINGS INC (MIAX) - 3.55% |
| #16 | ALKERMES PLC (ALKS) - 0.04% | ASX LTD (n/a) - 3.02% |
| #17 | PROTAGONIST THERAPEUTICS INC (PTGX) - 0.04% | SCIENCE APPLICATIONS INTERNATIONAL CORP (SAIC) - 3.01% |
| #18 | SL GREEN REALTY CORP (SLG) - 0.04% | TRADEWEB MARKETS INC (TW) - 2.47% |
| #19 | IDEAYA BIOSCIENCES INC (IDYA) - 0.04% | LONDON STOCK EXCHANGE GROUP PLC (n/a) - 2.39% |
| #20 | CHAMPION HOMES INC (SKY) - 0.04% | OTC MARKETS GROUP INC (OTCM) - 2.23% |
| #21 | n/a (PRAX) - 0.04% | EURONEXT NV (n/a) - 2.07% |
| #22 | RYMAN HOSPITALITY PROPERTIES INC (RHP) - 0.04% | CME GROUP INC CLASS A (CME) - 1.95% |
| #23 | COPT DEFENSE PROPERTIES (CDP) - 0.04% | BROADRIDGE FINANCIAL SOLUTIONS INC (BR) - 1.34% |
| #24 | n/a (CNR) - 0.04% | MARKETAXESS HOLDINGS INC (MKTX) - 1.16% |
| #25 | TG THERAPEUTICS INC (TGTX) - 0.04% | GRAYSCALE BITCOIN MINI TRUST ETF (BTC) - 0.69% |
| Total Holdings | 1844 | 37 |
HDG vs BCDF - Historical Returns
Returns include dividend reinvestment.
1M
HDG
-0.79%
Winner
BCDF
+3.54%
3M
Winner
HDG
+3.03%
BCDF
-2.68%
6M
Winner
HDG
+4.96%
BCDF
-2.53%
1Y
Winner
HDG
+11.64%
BCDF
+0.24%
5Y(CAGR)
HDG
+3.27%
BCDF
N/A
10Y(CAGR)
HDG
+3.89%
BCDF
N/A
Max(CAGR)
HDG
+2.94%
Winner
BCDF
+6.41%
HDG vs BCDF - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | HDG | BCDF |
|---|---|---|
| 2026 | +6.47% | +2.66% |
| 2025 | +7.20% | +11.23% |
| 2024 | +5.48% | +16.57% |
| 2023 | +6.75% | +25.31% |
| 2022 | -8.65% | -22.71% |
| 2021 | +3.46% | N/A |
| 2020 | +7.08% | N/A |
| 2019 | +9.83% | N/A |
| 2018 | -4.79% | N/A |
| 2017 | +5.32% | N/A |
| 2016 | +2.87% | N/A |
| 2015 | -0.06% | N/A |
| 2014 | +2.04% | N/A |
| 2013 | +3.33% | N/A |
| 2012 | +2.38% | N/A |
| 2011 | -3.01% | N/A |
HDG vs BCDF Drawdown Comparison
The maximum drawdown for HDG was -15.31%, occurring on Sep 29, 2022. Recovery took 722 trading sessions.
The maximum drawdown for BCDF was -27.71%, occurring on Mar 15, 2023. Recovery took 508 trading sessions.
The current HDG drawdown is -1.04%. The current BCDF drawdown is -7.54%.
| Rank | HDG | BCDF |
|---|---|---|
| #1 | -15.31% Nov 8, 2021 - Sep 24, 2024 | -27.71% Aug 12, 2022 - Aug 21, 2024 |
| #2 | -13.76% Feb 14, 2020 - Nov 5, 2020 | -14.02% May 22, 2026 - Jun 25, 2026 |
| #3 | -7.83% Jul 21, 2011 - Jan 2, 2013 | -13.47% Nov 22, 2024 - May 1, 2025 |
| #4 | -7.82% May 21, 2015 - Feb 15, 2017 | -7.51% Jan 16, 2026 - Apr 16, 2026 |
| #5 | -7.43% Jan 26, 2018 - Oct 21, 2019 | -7.25% Jul 24, 2025 - Jan 15, 2026 |
| #6 | -7.20% Feb 18, 2025 - Jul 3, 2025 | -4.26% Nov 11, 2024 - Nov 22, 2024 |
| #7 | -3.97% Feb 25, 2026 - Apr 16, 2026 | -2.85% May 19, 2025 - Jun 30, 2025 |
| #8 | -3.78% May 21, 2013 - Sep 18, 2013 | -2.80% Oct 28, 2024 - Nov 7, 2024 |
| #9 | -3.67% Mar 15, 2021 - Nov 5, 2021 | -2.47% Aug 27, 2024 - Sep 16, 2024 |
| #10 | -3.41% Sep 3, 2014 - Feb 4, 2015 | -1.85% Jul 3, 2025 - Jul 17, 2025 |
| #11 | -2.92% Feb 9, 2021 - Mar 15, 2021 | -1.81% Oct 18, 2024 - Oct 28, 2024 |
| #12 | -2.72% Oct 31, 2013 - Apr 2, 2014 | -1.70% Aug 8, 2022 - Aug 10, 2022 |
| #13 | -2.21% Oct 27, 2025 - Dec 10, 2025 | -1.63% Oct 4, 2024 - Oct 14, 2024 |
| #14 | -1.81% Jan 14, 2021 - Feb 4, 2021 | -1.46% Apr 16, 2026 - May 1, 2026 |
| #15 | -1.73% Dec 4, 2024 - Jan 30, 2025 | -1.06% May 9, 2025 - May 15, 2025 |
Correlation
Correlation between HDG and BCDF is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2012 - 2026)
HDG vs BCDF dividend yield comparison.
| Year | HDG | BCDF |
|---|---|---|
| 2026 | 1.04% | 0.00% |
| 2025 | 2.55% | 2.53% |
| 2024 | 3.50% | 1.63% |
| 2023 | 3.48% | 0.69% |
| 2022 | 0.39% | 0.38% |
| 2020 | 0.08% | 0.00% |
| 2019 | 1.09% | 0.00% |
| 2018 | 0.51% | 0.00% |
| 2015 | 0.00% | 0.00% |
| 2012 | 0.13% | 0.00% |
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