HDGE vs MAGG

Comparison between ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF) and MADISON AGGREGATE BOND ETF (MAGG, ETF).

HDGE vs MAGG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HDGE(ETF)	MAGG(ETF)
Net Assets	$66M	$66M
Expense Ratio	3.62%	0.36%
Max Drawdown	94.83%	6.32%
Sharpe Ratio	-0.20	0.01
5Y Beta	-0.78	0.04
5Y Dividends CAGR	72.63%	N/A

Net Assets

Winner

HDGE

$66M

MAGG

$66M

Expense Ratio

HDGE

3.62%

Winner

MAGG

0.36%

Max Drawdown

HDGE

94.83%

Winner

MAGG

6.32%

Sharpe Ratio

HDGE

-0.20

Winner

MAGG

0.01

5Y Beta

Winner

HDGE

-0.78

MAGG

0.04

5Y Dividends CAGR

HDGE

72.63%

MAGG

N/A

HDGE vs MAGG - Historical Returns

Returns include dividend reinvestment.

Period	HDGE	MAGG
1 month	-6.50%	-0.41%
3 months	-2.38%	-0.67%
6 months	-1.05%	-0.21%
1 year	-1.57%	+3.46%
5 years(CAGR)	-3.97%	N/A
10 years(CAGR)	-14.97%	N/A
Max(CAGR)	-15.12%	+4.59%

HDGE

-6.50%

Winner

MAGG

-0.41%

HDGE

-2.38%

Winner

MAGG

-0.67%

HDGE

-1.05%

Winner

MAGG

-0.21%

HDGE

-1.57%

Winner

MAGG

+3.46%

5Y(CAGR)

HDGE

-3.97%

MAGG

N/A

10Y(CAGR)

HDGE

-14.97%

MAGG

N/A

Max(CAGR)

HDGE

-15.12%

Winner

MAGG

+4.59%

HDGE vs MAGG - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HDGE	MAGG
2026	-1.11%	-0.11%
2025	+1.31%	+7.45%
2024	-8.56%	+2.26%
2023	-27.57%	+4.42%
2022	+17.59%	N/A
2021	-19.94%	N/A
2020	-43.36%	N/A
2019	-36.05%	N/A
2018	+8.77%	N/A
2017	-14.78%	N/A
2016	-15.25%	N/A
2015	-6.27%	N/A
2014	-11.12%	N/A
2013	-28.60%	N/A
2012	-25.75%	N/A
2011	+0.88%	N/A

HDGE vs MAGG Drawdown Comparison

The maximum drawdown for HDGE was -93.87%, occurring on Jan 21, 2025. This drawdown has not yet recovered.

The maximum drawdown for MAGG was -4.56%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.

The current HDGE drawdown is -93.45%. The current MAGG drawdown is -1.83%.

Rank	HDGE	MAGG
#1	-93.87% Oct 3, 2011 - Jan 21, 2025	-4.56% Sep 16, 2024 - Apr 4, 2025
#2	-14.93% Jan 28, 2011 - Aug 4, 2011	-4.26% Aug 31, 2023 - Nov 22, 2023
#3	-9.43% Aug 22, 2011 - Sep 22, 2011	-3.31% Dec 27, 2023 - Jun 13, 2024
#4	-6.69% Aug 10, 2011 - Aug 19, 2011	-2.86% Feb 27, 2026 - May 19, 2026
#5	-6.11% Sep 22, 2011 - Oct 3, 2011	-2.53% Apr 4, 2025 - Jun 24, 2025
#6	-2.75% Aug 8, 2011 - Aug 10, 2011	-1.38% Oct 27, 2025 - Nov 24, 2025
#7	N/A	-1.20% Jun 14, 2024 - Jul 10, 2024
#8	N/A	-1.17% Nov 24, 2025 - Feb 2, 2026
#9	N/A	-1.10% Jul 1, 2025 - Aug 1, 2025
#10	N/A	-0.75% Sep 22, 2025 - Oct 10, 2025
#11	N/A	-0.72% Aug 5, 2024 - Aug 14, 2024
#12	N/A	-0.63% Feb 2, 2026 - Feb 12, 2026
#13	N/A	-0.63% Jul 16, 2024 - Jul 30, 2024
#14	N/A	-0.54% Aug 5, 2025 - Aug 26, 2025
#15	N/A	-0.53% Oct 22, 2025 - Oct 27, 2025

Correlation

Correlation between HDGE and MAGG is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101