HDGE vs NEHI

Comparison between ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF) and NEOS ETHEREUM HIGH INCOME ETF (NEHI, ETF).

HDGE vs NEHI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HDGE(ETF)	NEHI(ETF)
Net Assets	$66M	$66M
Expense Ratio	3.62%	0.98%
Max Drawdown	94.83%	56.72%
Sharpe Ratio	-0.19	-1.82
5Y Beta	-0.80	2.40
5Y Dividends CAGR	72.63%	N/A

Net Assets

Winner

HDGE

$66M

NEHI

$66M

Expense Ratio

HDGE

3.62%

Winner

NEHI

0.98%

Max Drawdown

HDGE

94.83%

Winner

NEHI

56.72%

Sharpe Ratio

Winner

HDGE

-0.19

NEHI

-1.82

5Y Beta

Winner

HDGE

-0.80

NEHI

2.40

5Y Dividends CAGR

HDGE

72.63%

NEHI

N/A

HDGE vs NEHI - Holdings Comparison

HDGE and NEHI have 0 common holdings. Overlap is 0.00%

HDGE's top 25 holdings weight is 115.51%. NEHI's top 25 holdings weight is 20.44%.

Rank	HDGE	NEHI
#1	CASH (n/a) - 93.21%	ISHARES ETHEREUM TRUST ETF (ETHA) - 19.57%
#2	FIDELITY INSTL GOVT 657 C (n/a) - 61.66%	NORTHERN US GOVERNMENT SELECT MMKT (NOSXX) - 0.59%
#3	BLACKROCK FEDERAL FD 30 INSTL (n/a) - 3.28%	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 0.28%
#4	MAPLEBEAR INC (CART) - -1.38%	N/A
#5	SYNCHRONY FINANCIAL (SYF) - -1.60%	N/A
#6	E.L.F. BEAUTY INC (ELF) - -1.61%	N/A
#7	DYNATRACE INC ORDINARY SHARES (DT) - -1.66%	N/A
#8	UNITED PARKS & RESORTS INC (PRKS) - -1.66%	N/A
#9	PROCORE TECHNOLOGIES INC (PCOR) - -1.74%	N/A
#10	THE CIGNA GROUP (CI) - -1.75%	N/A
#11	CENTENE CORP (CNC) - -1.80%	N/A
#12	AMERICAN INTERNATIONAL GROUP INC (AIG) - -1.84%	N/A
#13	DROPBOX INC CLASS A (DBX) - -1.91%	N/A
#14	VERISK ANALYTICS INC (VRSK) - -1.97%	N/A
#15	MANHATTAN ASSOCIATES INC (MANH) - -2.09%	N/A
#16	GENUINE PARTS CO (GPC) - -2.11%	N/A
#17	NEWS CORP CLASS B (NWS) - -2.11%	N/A
#18	COPART INC (CPRT) - -2.11%	N/A
#19	ACI WORLDWIDE INC (ACIW) - -2.12%	N/A
#20	CDW CORP (CDW) - -2.14%	N/A
#21	NETAPP INC (NTAP) - -2.17%	N/A
#22	SKYWARD SPECIALTY INSURANCE GROUP INC (SKWD) - -2.18%	N/A
#23	PTC INC (PTC) - -2.20%	N/A
#24	DOCUSIGN INC (DOCU) - -2.24%	N/A
#25	PREFERRED BANK (PFBC) - -2.25%	N/A
Total Holdings	50	3

HDGE vs NEHI - Historical Returns

Returns include dividend reinvestment.

Period	HDGE	NEHI
1 month	-3.02%	-31.56%
3 months	-3.02%	-21.51%
6 months	+4.36%	-43.86%
1 year	-1.70%	N/A
5 years(CAGR)	-3.10%	N/A
10 years(CAGR)	-14.79%	N/A
Max(CAGR)	-14.99%	-69.89%

Winner

HDGE

-3.02%

NEHI

-31.56%

Winner

HDGE

-3.02%

NEHI

-21.51%

Winner

HDGE

+4.36%

NEHI

-43.86%

HDGE

-1.70%

NEHI

N/A

5Y(CAGR)

HDGE

-3.10%

NEHI

N/A

10Y(CAGR)

HDGE

-14.79%

NEHI

N/A

Max(CAGR)

Winner

HDGE

-14.99%

NEHI

-69.89%

HDGE vs NEHI - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HDGE	NEHI
2026	+3.28%	-45.86%
2025	+1.31%	-2.99%
2024	-8.56%	N/A
2023	-27.57%	N/A
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 NEHI 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 NEHI was -49.63%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current HDGE drawdown is -93.15%. The current NEHI drawdown is -49.63%.

Rank	HDGE	NEHI
#1	-93.87% Oct 3, 2011 - Jan 21, 2025	-49.63% Jan 14, 2026 - Jun 5, 2026
#2	-14.93% Jan 28, 2011 - Aug 4, 2011	-14.84% Dec 10, 2025 - Jan 14, 2026
#3	-9.43% Aug 22, 2011 - Sep 22, 2011	-3.08% Dec 4, 2025 - Dec 8, 2025
#4	-6.69% Aug 10, 2011 - Aug 19, 2011	N/A
#5	-6.11% Sep 22, 2011 - Oct 3, 2011	N/A
#6	-2.75% Aug 8, 2011 - Aug 10, 2011	N/A

Correlation

Correlation between HDGE and NEHI is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

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