HDGE vs UBT

Comparison between ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF) and PROSHARES ULTRA 20+ YEAR TREASURY (UBT, ETF).

5-Year PerformanceHDGE has outperformed UBT, delivering a return of -3.1% compared to -18.1%

HDGE vs UBT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HDGE(ETF)	UBT(ETF)
Net Assets	$66M	$66M
Expense Ratio	3.62%	N/A
Max Drawdown	94.83%	80.57%
Sharpe Ratio	-0.19	-0.08
5Y Beta	-0.80	0.09
5Y Dividends CAGR	72.63%	37.22%

Net Assets

HDGE

$66M

UBT

$66M

Expense Ratio

HDGE

3.62%

UBT

N/A

Max Drawdown

HDGE

94.83%

Winner

UBT

80.57%

Sharpe Ratio

HDGE

-0.19

Winner

UBT

-0.08

5Y Beta

Winner

HDGE

-0.80

UBT

0.09

5Y Dividends CAGR

Winner

HDGE

72.63%

UBT

37.22%

HDGE vs UBT - Historical Returns

Returns include dividend reinvestment.

Period	HDGE	UBT
1 month	-3.02%	-0.56%
3 months	-3.02%	-7.57%
6 months	+4.36%	-5.19%
1 year	-1.70%	+0.26%
5 years(CAGR)	-3.10%	-18.10%
10 years(CAGR)	-14.79%	-8.23%
Max(CAGR)	-14.99%	+0.55%

HDGE

-3.02%

Winner

UBT

-0.56%

Winner

HDGE

-3.02%

UBT

-7.57%

Winner

HDGE

+4.36%

UBT

-5.19%

HDGE

-1.70%

Winner

UBT

+0.26%

5Y(CAGR)

Winner

HDGE

-3.10%

UBT

-18.10%

10Y(CAGR)

HDGE

-14.79%

Winner

UBT

-8.23%

Max(CAGR)

HDGE

-14.99%

Winner

UBT

+0.55%

HDGE vs UBT - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	HDGE	UBT
2026	+3.28%	-3.26%
2025	+1.31%	+1.44%
2024	-8.56%	-20.52%
2023	-27.57%	-6.93%
2022	+17.59%	-53.46%
2021	-19.94%	-11.80%
2020	-43.36%	+28.52%
2019	-36.05%	+23.49%
2018	+8.77%	-4.46%
2017	-14.78%	+14.90%
2016	-15.25%	-1.93%
2015	-6.27%	-9.46%
2014	-11.12%	+59.04%
2013	-28.60%	-24.72%
2012	-25.75%	+5.92%
2011	+0.88%	+75.00%
2010	N/A	+10.12%

HDGE vs UBT 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 UBT was -78.91%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current HDGE drawdown is -93.15%. The current UBT drawdown is -76.83%.

Rank	HDGE	UBT
#1	-93.87% Oct 3, 2011 - Jan 21, 2025	-78.91% Mar 9, 2020 - Oct 19, 2023
#2	-14.93% Jan 28, 2011 - Aug 4, 2011	-38.31% Jul 25, 2012 - Dec 12, 2014
#3	-9.43% Aug 22, 2011 - Sep 22, 2011	-36.37% Jul 8, 2016 - Aug 6, 2019
#4	-6.69% Aug 10, 2011 - Aug 19, 2011	-32.20% Aug 26, 2010 - Aug 8, 2011
#5	-6.11% Sep 22, 2011 - Oct 3, 2011	-30.26% Jan 30, 2015 - Jun 27, 2016
#6	-2.75% Aug 8, 2011 - Aug 10, 2011	-20.74% Oct 3, 2011 - Dec 19, 2011
#7	N/A	-20.35% Dec 19, 2011 - May 17, 2012
#8	N/A	-16.53% Aug 28, 2019 - Feb 21, 2020
#9	N/A	-9.70% Sep 22, 2011 - Oct 3, 2011
#10	N/A	-9.59% Aug 10, 2011 - Aug 18, 2011
#11	N/A	-8.97% Jun 1, 2012 - Jul 23, 2012
#12	N/A	-8.75% Aug 19, 2011 - Sep 2, 2011
#13	N/A	-8.71% Feb 8, 2010 - Apr 30, 2010
#14	N/A	-8.25% May 6, 2010 - May 20, 2010
#15	N/A	-6.40% Jul 1, 2010 - Jul 21, 2010

Correlation

Correlation between HDGE and UBT is -0.13 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.13

-101

Dividend Comparison (2010 - 2026)

HDGE vs UBT dividend yield comparison.

Year	HDGE	UBT
2026	0.00%	0.46%
2025	3.50%	4.26%
2024	7.83%	4.50%
2023	9.58%	3.54%
2022	0.00%	0.30%
2020	0.00%	0.26%
2019	0.22%	1.50%
2018	0.00%	1.55%
2017	0.00%	1.37%
2016	0.00%	0.75%
2015	0.00%	1.56%
2014	0.00%	0.79%
2013	0.00%	0.18%
2012	0.00%	0.07%
2011	0.00%	0.51%
2010	0.00%	0.69%