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HDGE vs SPY

Comparison between ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed HDGE, delivering a return of +13.0% compared to -4.0%

HDGE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
HDGE
$66M
Winner
SPY
$781B
Expense Ratio
HDGE
3.62%
Winner
SPY
0.09%
Max Drawdown
HDGE
94.83%
Winner
SPY
56.47%
Sharpe Ratio
HDGE
-0.20
Winner
SPY
1.25
5Y Beta
Winner
HDGE
-0.78
SPY
1.00
P/E Ratio
HDGE
N/A
SPY
28.78
Forward P/E
HDGE
N/A
SPY
21.23
5Y Dividends CAGR
Winner
HDGE
72.63%
SPY
6.00%
5Y EPS CAGR
HDGE
N/A
SPY
25.62%
Debt to Equity
HDGE
N/A
SPY
31.92%
P/S Ratio
HDGE
N/A
SPY
3.76
P/B Ratio
HDGE
N/A
SPY
5.64

HDGE vs SPY - Holdings Comparison

HDGE and SPY have 20 common holdings. Overlap is -33.73%

HDGE's top 25 holdings weight is 115.44%. SPY's top 25 holdings weight is 51.74%.

RankHDGESPY
#1
CASH (n/a) - 80.06%
NVIDIA CORP (NVDA) - 7.89%
#2
FIDELITY INSTL GOVT 657 C (n/a) - 63.11%
APPLE INC (AAPL) - 7.37%
#3
BLACKROCK FEDERAL FD 30 INSTL (n/a) - 0.86%
MICROSOFT CORP (MSFT) - 4.50%
#4
ALBERTSONS COMPANIES INC CLASS A (ACI) - -1.14%
AMAZON.COM INC (AMZN) - 3.82%
#5
INTERNATIONAL PAPER CO (IP) - -1.15%
ALPHABET INC CLASS A (GOOGL) - 3.33%
#6
E.L.F. BEAUTY INC (ELF) - -1.16%
BROADCOM INC (AVGO) - 2.86%
#7
SYNCHRONY FINANCIAL (SYF) - -1.16%
ALPHABET INC CLASS C (GOOG) - 2.68%
#8
ON HOLDING AG (ONON) - -1.18%
META PLATFORMS INC CLASS A (META) - 2.29%
#9
BUILDERS FIRSTSOURCE INC (BLDR) - -1.19%
TESLA INC (TSLA) - 1.70%
#10
BOOT BARN HOLDINGS INC (BOOT) - -1.21%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
UNIVERSAL DISPLAY CORP (OLED) - -1.25%
JPMORGAN CHASE & CO (JPM) - 1.42%
#12
WORKIVA INC CLASS A (WK) - -1.28%
ELI LILLY AND CO (LLY) - 1.40%
#13
DIAGEO PLC ADR (DEO) - -1.29%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#14
O'REILLY AUTOMOTIVE INC (ORLY) - -1.30%
ADVANCED MICRO DEVICES INC (AMD) - 1.32%
#15
MAKEMYTRIP LTD (MMYT) - -1.30%
EXXONMOBIL HOLDINGS CORP (XOM) - 0.92%
#16
ADT INC (ADT) - -1.33%
JOHNSON & JOHNSON (JNJ) - 0.91%
#17
MARA HOLDINGS INC (MARA) - -1.35%
VISA INC CLASS A (V) - 0.90%
#18
MONRO INC (MNRO) - -1.35%
WALMART INC (WMT) - 0.76%
#19
PTC INC (PTC) - -1.36%
INTEL CORP (INTC) - 0.75%
#20
WELLS FARGO & CO (WFC) - -1.37%
APPLIED MATERIALS INC (AMAT) - 0.70%
#21
GAMING AND LEISURE PROPERTIES INC (GLPI) - -1.38%
CISCO SYSTEMS INC (CSCO) - 0.68%
#22
ONEMAIN HOLDINGS INC (OMF) - -1.43%
MASTERCARD INC CLASS A (MA) - 0.66%
#23
RADNET INC (RDNT) - -1.45%
ABBVIE INC (ABBV) - 0.66%
#24
WPP PLC ADR (WPP) - -1.46%
CATERPILLAR INC (CAT) - 0.65%
#25
THOMSON REUTERS CORP (TRI) - -1.50%
LAM RESEARCH CORP (LRCX) - 0.64%
Total Holdings60505

HDGE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
HDGE
-6.50%
Winner
SPY
+0.52%
3M
HDGE
-2.38%
Winner
SPY
+6.55%
6M
HDGE
-1.05%
Winner
SPY
+9.76%
1Y
HDGE
-1.57%
Winner
SPY
+20.32%
5Y(CAGR)
HDGE
-3.97%
Winner
SPY
+13.01%
10Y(CAGR)
HDGE
-14.97%
Winner
SPY
+15.06%
Max(CAGR)
HDGE
-15.12%
Winner
SPY
+8.50%

HDGE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearHDGESPY
2026-1.11%+10.11%
2025+1.31%+18.00%
2024-8.56%+25.59%
2023-27.57%+26.72%
2022+17.59%-18.64%
2021-19.94%+30.52%
2020-43.36%+17.28%
2019-36.05%+31.09%
2018+8.77%-5.24%
2017-14.78%+20.78%
2016-15.25%+13.59%
2015-6.27%+1.31%
2014-11.12%+14.56%
2013-28.60%+29.00%
2012-25.75%+14.17%
2011+0.88%+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

HDGE vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HDGE drawdown is -93.45%. The current SPY drawdown is -1.24%.

RankHDGESPY
#1-93.87%
Oct 3, 2011 - Jan 21, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-14.93%
Jan 28, 2011 - Aug 4, 2011		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-9.43%
Aug 22, 2011 - Sep 22, 2011		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-6.69%
Aug 10, 2011 - Aug 19, 2011		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-6.11%
Sep 22, 2011 - Oct 3, 2011		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-2.75%
Aug 8, 2011 - Aug 10, 2011		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7N/A-13.02%
Jul 20, 2015 - Apr 18, 2016
#8N/A-10.10%
Jan 26, 2018 - Aug 6, 2018
#9N/A-9.44%
Sep 2, 2020 - Nov 11, 2020
#10N/A-9.30%
Jan 19, 2000 - Mar 17, 2000
#11N/A-9.05%
Jul 19, 2007 - Oct 5, 2007
#12N/A-8.88%
Jan 27, 2026 - Apr 14, 2026
#13N/A-8.41%
Jul 16, 2024 - Sep 19, 2024
#14N/A-7.35%
Sep 14, 2012 - Jan 2, 2013
#15N/A-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HDGE and SPY is -0.80 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.80
-101

Dividend Comparison (1999 - 2026)

HDGE vs SPY dividend yield comparison.

YearHDGESPY
20260.00%0.49%
20253.50%1.07%
20247.83%1.21%
20239.58%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.22%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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