HEDG vs GMF
Comparison between EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF) and STATE STREET(R) SPDR(R) S&P(R) EMERGING ASIA PACIFIC ETF (GMF, ETF).
HEDG vs GMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HEDG
$427M
GMF
$426M
Expense Ratio
HEDG
0.96%
Winner
GMF
0.49%
Max Drawdown
Winner
HEDG
4.33%
GMF
67.62%
Sharpe Ratio
Winner
HEDG
1.13
GMF
0.87
5Y Beta
Winner
HEDG
0.35
GMF
0.78
5Y Dividends CAGR
HEDG
N/A
GMF
3.79%
HEDG vs GMF - Holdings Comparison
HEDG and GMF have 0 common holdings. Overlap is 0.00%
HEDG's top 25 holdings weight is 98.30%. GMF's top 25 holdings weight is 39.04%.
| Rank | HEDG | GMF |
|---|---|---|
| #1 | ISHARES CORE S&P 500 ETF (IVV) - 74.13% | n/a (TSM) - 16.78% |
| #2 | STATE STREET® SPDR® S&P 500® ETF (SPY) - 23.71% | TENCENT HOLDINGS LTD (n/a) - 3.64% |
| #3 | CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER) - 0.46% | n/a (n/a) - 2.98% |
| #4 | N/A | MEDIATEK INC (n/a) - 2.01% |
| #5 | N/A | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.24% |
| #6 | N/A | DELTA ELECTRONICS INC (n/a) - 1.14% |
| #7 | N/A | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 1.12% |
| #8 | N/A | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.96% |
| #9 | N/A | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 0.92% |
| #10 | N/A | ICICI BANK LTD ADR (IBN) - 0.89% |
| #11 | N/A | HDFC BANK LTD (n/a) - 0.88% |
| #12 | N/A | n/a (n/a) - 0.77% |
| #13 | N/A | PDD HOLDINGS INC ADR (PDD) - 0.65% |
| #14 | N/A | BHARTI AIRTEL LTD (n/a) - 0.64% |
| #15 | N/A | ELITE MATERIAL CO LTD (n/a) - 0.63% |
| #16 | N/A | MEITUAN CLASS B (n/a) - 0.62% |
| #17 | N/A | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.60% |
| #18 | N/A | YUANTA FINANCIAL HOLDINGS CO LTD (n/a) - 0.57% |
| #19 | N/A | UNITED MICROELECTRONICS CORP ADR (UMC) - 0.57% |
| #20 | N/A | SUN PHARMACEUTICALS INDUSTRIES LTD (n/a) - 0.25% |
| #21 | N/A | CHROMA ATE INC (n/a) - 0.24% |
| #22 | N/A | YUM CHINA HOLDINGS INC (YUMC) - 0.24% |
| #23 | N/A | n/a (n/a) - 0.24% |
| #24 | N/A | MEGA FINANCIAL HOLDING CO LTD (n/a) - 0.23% |
| #25 | N/A | BEONE MEDICINES LTD ORDINARY SHARES (n/a) - 0.23% |
| Total Holdings | 3 | 1251 |
HEDG vs GMF - Historical Returns
Returns include dividend reinvestment.
1M
HEDG
+2.27%
Winner
GMF
+4.59%
3M
Winner
HEDG
+3.10%
GMF
+1.24%
6M
HEDG
+4.32%
Winner
GMF
+6.29%
1Y
HEDG
+9.03%
Winner
GMF
+21.16%
5Y(CAGR)
HEDG
N/A
GMF
+7.03%
10Y(CAGR)
HEDG
N/A
GMF
+9.22%
Max(CAGR)
Winner
HEDG
+10.44%
GMF
+7.27%
HEDG vs GMF - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | HEDG | GMF |
|---|---|---|
| 2026 | +5.67% | +10.69% |
| 2025 | +3.16% | +22.11% |
| 2024 | N/A | +18.25% |
| 2023 | N/A | +6.69% |
| 2022 | N/A | -19.66% |
| 2021 | N/A | -2.58% |
| 2020 | N/A | +22.19% |
| 2019 | N/A | +20.09% |
| 2018 | N/A | -16.14% |
| 2017 | N/A | +40.53% |
| 2016 | N/A | +8.09% |
| 2015 | N/A | -8.55% |
| 2014 | N/A | +12.46% |
| 2013 | N/A | -0.45% |
| 2012 | N/A | +16.77% |
| 2011 | N/A | -20.38% |
| 2010 | N/A | +16.74% |
| 2009 | N/A | +63.86% |
| 2008 | N/A | -47.80% |
| 2007 | N/A | +42.90% |
HEDG vs GMF Drawdown Comparison
The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The maximum drawdown for GMF was -67.19%, occurring on Nov 20, 2008. Recovery took 1692 trading sessions.
The current GMF drawdown is -2.07%.
| Rank | HEDG | GMF |
|---|---|---|
| #1 | -3.85% Feb 25, 2026 - Apr 17, 2026 | -67.19% Oct 31, 2007 - Jul 24, 2014 |
| #2 | -1.64% Nov 11, 2025 - Nov 25, 2025 | -40.17% Feb 17, 2021 - Jul 23, 2025 |
| #3 | -1.15% Feb 2, 2026 - Feb 24, 2026 | -31.24% Jan 26, 2018 - Aug 5, 2020 |
| #4 | -1.06% Jul 15, 2026 - Jul 31, 2026 | -30.66% Apr 27, 2015 - May 25, 2017 |
| #5 | -0.87% Jun 8, 2026 - Jun 30, 2026 | -16.46% Jul 23, 2007 - Sep 4, 2007 |
| #6 | -0.81% Jan 12, 2026 - Jan 26, 2026 | -12.62% Feb 25, 2026 - May 5, 2026 |
| #7 | -0.60% Nov 3, 2025 - Nov 10, 2025 | -10.51% Sep 5, 2014 - Apr 2, 2015 |
| #8 | -0.50% Oct 13, 2025 - Oct 17, 2025 | -8.91% Jun 22, 2026 - Jul 29, 2026 |
| #9 | -0.42% Dec 12, 2025 - Dec 19, 2025 | -5.66% Aug 28, 2020 - Oct 8, 2020 |
| #10 | -0.38% Aug 14, 2026 - Aug 25, 2026 | -5.62% Oct 17, 2007 - Oct 26, 2007 |
| #11 | -0.27% Jul 10, 2026 - Jul 15, 2026 | -5.60% Jun 2, 2026 - Jun 18, 2026 |
| #12 | -0.23% Jun 2, 2026 - Jun 8, 2026 | -5.51% Nov 22, 2017 - Jan 2, 2018 |
| #13 | -0.23% Jul 6, 2026 - Jul 9, 2026 | -5.47% Oct 29, 2025 - Jan 2, 2026 |
| #14 | -0.20% Dec 26, 2025 - Jan 5, 2026 | -5.07% Jan 25, 2021 - Feb 8, 2021 |
| #15 | -0.19% Jan 6, 2026 - Jan 9, 2026 | -4.71% May 6, 2026 - May 26, 2026 |
Correlation
Correlation between HEDG and GMF is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2007 - 2026)
HEDG vs GMF dividend yield comparison.
| Year | HEDG | GMF |
|---|---|---|
| 2026 | 0.96% | 0.42% |
| 2025 | 1.38% | 1.49% |
| 2024 | 0.00% | 1.92% |
| 2023 | 0.00% | 2.75% |
| 2022 | 0.00% | 2.54% |
| 2021 | 0.00% | 2.71% |
| 2020 | 0.00% | 1.32% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.26% |
| 2017 | 0.00% | 1.70% |
| 2016 | 0.00% | 2.49% |
| 2015 | 0.00% | 3.76% |
| 2014 | 0.00% | 1.55% |
| 2013 | 0.00% | 2.18% |
| 2012 | 0.00% | 1.77% |
| 2011 | 0.00% | 3.94% |
| 2010 | 0.00% | 4.44% |
| 2009 | 0.00% | 0.98% |
| 2008 | 0.00% | 1.33% |
| 2007 | 0.00% | 1.31% |
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