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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 +13.3% compared to -3.1%

HDGE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
HDGE
$66M
Winner
SPY
$735B
Expense Ratio
HDGE
3.62%
Winner
SPY
0.09%
Max Drawdown
HDGE
94.83%
Winner
SPY
56.47%
Sharpe Ratio
HDGE
-0.19
Winner
SPY
1.62
5Y Beta
Winner
HDGE
-0.80
SPY
1.00
P/E Ratio
HDGE
N/A
SPY
28.99
Forward P/E
HDGE
N/A
SPY
22.37
5Y Dividends CAGR
Winner
HDGE
72.63%
SPY
5.43%
5Y EPS CAGR
HDGE
N/A
SPY
26.05%
Debt to Equity
HDGE
N/A
SPY
32.40%
P/S Ratio
HDGE
N/A
SPY
3.74
P/B Ratio
HDGE
N/A
SPY
5.61

HDGE vs SPY - Holdings Comparison

HDGE and SPY have 19 common holdings. Overlap is -44.35%

HDGE's top 25 holdings weight is 115.51%. SPY's top 25 holdings weight is 52.37%.

RankHDGESPY
#1
CASH (n/a) - 93.21%
NVIDIA CORP (NVDA) - 8.10%
#2
FIDELITY INSTL GOVT 657 C (n/a) - 61.66%
APPLE INC (AAPL) - 7.02%
#3
BLACKROCK FEDERAL FD 30 INSTL (n/a) - 3.28%
MICROSOFT CORP (MSFT) - 4.79%
#4
MAPLEBEAR INC (CART) - -1.38%
AMAZON.COM INC (AMZN) - 4.02%
#5
SYNCHRONY FINANCIAL (SYF) - -1.60%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
E.L.F. BEAUTY INC (ELF) - -1.61%
BROADCOM INC (AVGO) - 3.10%
#7
DYNATRACE INC ORDINARY SHARES (DT) - -1.66%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
UNITED PARKS & RESORTS INC (PRKS) - -1.66%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
PROCORE TECHNOLOGIES INC (PCOR) - -1.74%
TESLA INC (TSLA) - 1.89%
#10
THE CIGNA GROUP (CI) - -1.75%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
CENTENE CORP (CNC) - -1.80%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
AMERICAN INTERNATIONAL GROUP INC (AIG) - -1.84%
ELI LILLY AND CO (LLY) - 1.31%
#13
DROPBOX INC CLASS A (DBX) - -1.91%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
VERISK ANALYTICS INC (VRSK) - -1.97%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
MANHATTAN ASSOCIATES INC (MANH) - -2.09%
EXXON MOBIL CORP (XOM) - 0.97%
#16
GENUINE PARTS CO (GPC) - -2.11%
INTEL CORP (INTC) - 0.90%
#17
NEWS CORP CLASS B (NWS) - -2.11%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
COPART INC (CPRT) - -2.11%
VISA INC CLASS A (V) - 0.85%
#19
ACI WORLDWIDE INC (ACIW) - -2.12%
WALMART INC (WMT) - 0.81%
#20
CDW CORP (CDW) - -2.14%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
NETAPP INC (NTAP) - -2.17%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
SKYWARD SPECIALTY INSURANCE GROUP INC (SKWD) - -2.18%
CATERPILLAR INC (CAT) - 0.66%
#23
PTC INC (PTC) - -2.20%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
DOCUSIGN INC (DOCU) - -2.24%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
PREFERRED BANK (PFBC) - -2.25%
ABBVIE INC (ABBV) - 0.58%
Total Holdings50505

HDGE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
HDGE
-3.02%
Winner
SPY
+1.90%
3M
HDGE
-3.02%
Winner
SPY
+8.55%
6M
HDGE
+4.36%
Winner
SPY
+8.18%
1Y
HDGE
-1.70%
Winner
SPY
+25.79%
5Y(CAGR)
HDGE
-3.10%
Winner
SPY
+13.32%
10Y(CAGR)
HDGE
-14.79%
Winner
SPY
+15.19%
Max(CAGR)
HDGE
-14.99%
Winner
SPY
+8.47%

HDGE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearHDGESPY
2026+3.28%+8.26%
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 -93.15%. The current SPY drawdown is -2.90%.

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 -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.81
-101

Dividend Comparison (1999 - 2026)

HDGE vs SPY dividend yield comparison.

YearHDGESPY
20260.00%0.24%
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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