MAGG vs HDGE

Comparison between MADISON AGGREGATE BOND ETF (MAGG, ETF) and ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF).

MAGG vs HDGE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MAGG(ETF)	HDGE(ETF)
Net Assets	$66M	$66M
Expense Ratio	0.36%	3.62%
Max Drawdown	6.32%	94.83%
Sharpe Ratio	0.01	-0.20
5Y Beta	0.04	-0.78
5Y Dividends CAGR	N/A	72.63%

Net Assets

MAGG

$66M

Winner

HDGE

$66M

Expense Ratio

Winner

MAGG

0.36%

HDGE

3.62%

Max Drawdown

Winner

MAGG

6.32%

HDGE

94.83%

Sharpe Ratio

Winner

MAGG

0.01

HDGE

-0.20

5Y Beta

MAGG

0.04

Winner

HDGE

-0.78

5Y Dividends CAGR

MAGG

N/A

HDGE

72.63%

MAGG vs HDGE - Historical Returns

Returns include dividend reinvestment.

Period	MAGG	HDGE
1 month	-0.41%	-6.50%
3 months	-0.67%	-2.38%
6 months	-0.21%	-1.05%
1 year	+3.46%	-1.57%
5 years(CAGR)	N/A	-3.97%
10 years(CAGR)	N/A	-14.97%
Max(CAGR)	+4.59%	-15.12%

Winner

MAGG

-0.41%

HDGE

-6.50%

Winner

MAGG

-0.67%

HDGE

-2.38%

Winner

MAGG

-0.21%

HDGE

-1.05%

Winner

MAGG

+3.46%

HDGE

-1.57%

5Y(CAGR)

MAGG

N/A

HDGE

-3.97%

10Y(CAGR)

MAGG

N/A

HDGE

-14.97%

Max(CAGR)

Winner

MAGG

+4.59%

HDGE

-15.12%

MAGG vs HDGE - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	MAGG	HDGE
2026	-0.11%	-1.11%
2025	+7.45%	+1.31%
2024	+2.26%	-8.56%
2023	+4.42%	-27.57%
2022	N/A	+17.59%
2021	N/A	-19.94%
2020	N/A	-43.36%
2019	N/A	-36.05%
2018	N/A	+8.77%
2017	N/A	-14.78%
2016	N/A	-15.25%
2015	N/A	-6.27%
2014	N/A	-11.12%
2013	N/A	-28.60%
2012	N/A	-25.75%
2011	N/A	+0.88%

MAGG vs HDGE Drawdown Comparison

The maximum drawdown for MAGG was -4.56%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.

The maximum drawdown for HDGE was -93.87%, occurring on Jan 21, 2025. This drawdown has not yet recovered.

The current MAGG drawdown is -1.83%. The current HDGE drawdown is -93.45%.

Rank	MAGG	HDGE
#1	-4.56% Sep 16, 2024 - Apr 4, 2025	-93.87% Oct 3, 2011 - Jan 21, 2025
#2	-4.26% Aug 31, 2023 - Nov 22, 2023	-14.93% Jan 28, 2011 - Aug 4, 2011
#3	-3.31% Dec 27, 2023 - Jun 13, 2024	-9.43% Aug 22, 2011 - Sep 22, 2011
#4	-2.86% Feb 27, 2026 - May 19, 2026	-6.69% Aug 10, 2011 - Aug 19, 2011
#5	-2.53% Apr 4, 2025 - Jun 24, 2025	-6.11% Sep 22, 2011 - Oct 3, 2011
#6	-1.38% Oct 27, 2025 - Nov 24, 2025	-2.75% Aug 8, 2011 - Aug 10, 2011
#7	-1.20% Jun 14, 2024 - Jul 10, 2024	N/A
#8	-1.17% Nov 24, 2025 - Feb 2, 2026	N/A
#9	-1.10% Jul 1, 2025 - Aug 1, 2025	N/A
#10	-0.75% Sep 22, 2025 - Oct 10, 2025	N/A
#11	-0.72% Aug 5, 2024 - Aug 14, 2024	N/A
#12	-0.63% Feb 2, 2026 - Feb 12, 2026	N/A
#13	-0.63% Jul 16, 2024 - Jul 30, 2024	N/A
#14	-0.54% Aug 5, 2025 - Aug 26, 2025	N/A
#15	-0.53% Oct 22, 2025 - Oct 27, 2025	N/A

Correlation

Correlation between MAGG and HDGE is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101