HDGE vs PIPE
Comparison between ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE, ETF).
HDGE vs PIPE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HDGE
$63M
PIPE
$63M
Expense Ratio
HDGE
3.62%
Winner
PIPE
0.75%
Max Drawdown
HDGE
94.83%
Winner
PIPE
15.69%
Sharpe Ratio
HDGE
-0.15
Winner
PIPE
1.65
5Y Beta
Winner
HDGE
-0.79
PIPE
0.49
P/E Ratio
HDGE
N/A
PIPE
27.30
Forward P/E
HDGE
N/A
PIPE
17.54
PEG Ratio
HDGE
N/A
PIPE
1.00
5Y Dividends CAGR
HDGE
72.63%
PIPE
N/A
P/S Ratio
HDGE
N/A
PIPE
0.76
P/B Ratio
HDGE
N/A
PIPE
3.59
HDGE vs PIPE - Holdings Comparison
HDGE and PIPE have 1 common holdings. Overlap is -2.34%
HDGE's top 25 holdings weight is 116.07%. PIPE's top 25 holdings weight is 99.18%.
| Rank | HDGE | PIPE |
|---|---|---|
| #1 | CASH (n/a) - 79.90% | TARGA RESOURCES CORP (TRGP) - 7.66% |
| #2 | FIDELITY INSTL GOVT 657 C (n/a) - 60.39% | WILLIAMS COMPANIES INC (WMB) - 6.55% |
| #3 | BLACKROCK FEDERAL FD 30 INSTL (n/a) - 3.22% | TC ENERGY CORP (n/a) - 5.96% |
| #4 | COGENT COMMUNICATIONS HOLDINGS INC (CCOI) - -0.80% | PLAINS GP HOLDINGS LP CLASS A (PAGP) - 5.85% |
| #5 | E.L.F. BEAUTY INC (ELF) - -0.80% | ONEOK INC (OKE) - 4.96% |
| #6 | PROCORE TECHNOLOGIES INC (PCOR) - -0.81% | KODIAK GAS SERVICES INC (KGS) - 4.85% |
| #7 | VERISK ANALYTICS INC (VRSK) - -1.10% | CHENIERE ENERGY INC (LNG) - 4.82% |
| #8 | ALBERTSONS COMPANIES INC CLASS A (ACI) - -1.20% | PEMBINA PIPELINE CORP (n/a) - 4.62% |
| #9 | ABM INDUSTRIES INC (ABM) - -1.21% | KINDER MORGAN INC CLASS P (KMI) - 4.57% |
| #10 | MONRO INC (MNRO) - -1.21% | ENBRIDGE INC (n/a) - 4.50% |
| #11 | WELLS FARGO & CO (WFC) - -1.22% | ENERGY TRANSFER LP (ET) - 4.47% |
| #12 | WESTERN ALLIANCE BANCORP (WAL) - -1.23% | KEYERA CORP (n/a) - 4.35% |
| #13 | RADNET INC (RDNT) - -1.25% | ENTERPRISE PRODUCTS PARTNERS LP (EPD) - 4.28% |
| #14 | ADT INC (ADT) - -1.31% | MPLX LP PARTNERSHIP UNITS (MPLX) - 3.84% |
| #15 | BOOT BARN HOLDINGS INC (BOOT) - -1.32% | SOUTH BOW CORP (SOBO) - 3.54% |
| #16 | THOMSON REUTERS CORP (TRI) - -1.33% | GENESIS ENERGY LP (GEL) - 3.46% |
| #17 | EAGLE MATERIALS INC (EXP) - -1.34% | ANTERO MIDSTREAM CORP (AM) - 3.21% |
| #18 | ACI WORLDWIDE INC (ACIW) - -1.35% | SUNOCOCORP LLC COMMON UNITS (SUNC) - 3.04% |
| #19 | EXPONENT INC (EXPO) - -1.35% | KINETIK HOLDINGS INC (KNTK) - 2.75% |
| #20 | PAYMENTUS HOLDINGS INC CLASS A (PAY) - -1.38% | WESTERN MIDSTREAM PARTNERS LP (WES) - 2.61% |
| #21 | BXP INC (BXP) - -1.41% | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 2.40% |
| #22 | SYNCHRONY FINANCIAL (SYF) - -1.42% | ARCHROCK INC (AROC) - 2.30% |
| #23 | BATH & BODY WORKS INC (BBWI) - -1.44% | ALTAGAS LTD (n/a) - 1.92% |
| #24 | ASBURY AUTOMOTIVE GROUP INC (ABG) - -1.46% | HESS MIDSTREAM LP CLASS A (HESM) - 1.58% |
| #25 | Q2 HOLDINGS INC (QTWO) - -1.50% | GIBSON ENERGY INC (n/a) - 1.09% |
| Total Holdings | 57 | 26 |
HDGE vs PIPE - Historical Returns
Returns include dividend reinvestment.
1M
HDGE
-6.14%
Winner
PIPE
-3.70%
3M
HDGE
-7.55%
Winner
PIPE
+3.29%
6M
HDGE
+4.69%
Winner
PIPE
+25.65%
1Y
HDGE
-0.72%
Winner
PIPE
+28.25%
5Y(CAGR)
HDGE
-3.02%
PIPE
N/A
10Y(CAGR)
HDGE
-15.23%
PIPE
N/A
Max(CAGR)
HDGE
-15.02%
Winner
PIPE
+18.92%
HDGE vs PIPE - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | HDGE | PIPE |
|---|---|---|
| 2026 | +2.29% | +24.22% |
| 2025 | +1.31% | +0.16% |
| 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 PIPE 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 PIPE was -15.69%, occurring on Apr 8, 2025. Recovery took 201 trading sessions.
The current HDGE drawdown is -93.22%. The current PIPE drawdown is -5.54%.
| Rank | HDGE | PIPE |
|---|---|---|
| #1 | -93.87% Oct 3, 2011 - Jan 21, 2025 | -15.69% Apr 2, 2025 - Jan 21, 2026 |
| #2 | -14.93% Jan 28, 2011 - Aug 4, 2011 | -7.21% May 19, 2026 - May 29, 2026 |
| #3 | -9.43% Aug 22, 2011 - Sep 22, 2011 | -5.80% Feb 20, 2025 - Mar 17, 2025 |
| #4 | -6.69% Aug 10, 2011 - Aug 19, 2011 | -5.61% Mar 30, 2026 - Apr 30, 2026 |
| #5 | -6.11% Sep 22, 2011 - Oct 3, 2011 | -3.63% Apr 30, 2026 - May 14, 2026 |
| #6 | -2.75% Aug 8, 2011 - Aug 10, 2011 | -1.78% Mar 2, 2026 - Mar 19, 2026 |
| #7 | N/A | -1.48% Mar 24, 2025 - Apr 2, 2025 |
| #8 | N/A | -1.41% Jan 29, 2026 - Feb 3, 2026 |
| #9 | N/A | -0.88% Mar 20, 2025 - Mar 24, 2025 |
| #10 | N/A | -0.61% Mar 19, 2026 - Mar 23, 2026 |
| #11 | N/A | -0.37% Feb 13, 2026 - Feb 19, 2026 |
| #12 | N/A | -0.16% Feb 11, 2026 - Feb 13, 2026 |
| #13 | N/A | -0.16% Feb 23, 2026 - Feb 26, 2026 |
| #14 | N/A | -0.12% Mar 26, 2026 - Mar 30, 2026 |
| #15 | N/A | -0.09% Mar 17, 2025 - Mar 19, 2025 |
Correlation
Correlation between HDGE and PIPE is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
0.27
-101
Dividend Comparison (2019 - 2026)
HDGE vs PIPE dividend yield comparison.
| Year | HDGE | PIPE |
|---|---|---|
| 2026 | 0.00% | 1.62% |
| 2025 | 3.50% | 3.74% |
| 2024 | 7.83% | 0.00% |
| 2023 | 9.58% | 0.00% |
| 2019 | 0.22% | 0.00% |
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