UBT vs HDGE

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

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

UBT vs HDGE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

UBT

$66M

HDGE

$66M

Expense Ratio

UBT

N/A

HDGE

3.62%

Max Drawdown

Winner

UBT

80.57%

HDGE

94.83%

Sharpe Ratio

Winner

UBT

-0.08

HDGE

-0.19

5Y Beta

UBT

0.09

Winner

HDGE

-0.80

5Y Dividends CAGR

UBT

37.22%

Winner

HDGE

72.63%

UBT vs HDGE - Historical Returns

Returns include dividend reinvestment.

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

Winner

UBT

-0.56%

HDGE

-3.02%

UBT

-7.57%

Winner

HDGE

-3.02%

UBT

-5.19%

Winner

HDGE

+4.36%

Winner

UBT

+0.26%

HDGE

-1.70%

5Y(CAGR)

UBT

-18.10%

Winner

HDGE

-3.10%

10Y(CAGR)

Winner

UBT

-8.23%

HDGE

-14.79%

Max(CAGR)

Winner

UBT

+0.55%

HDGE

-14.99%

UBT vs HDGE - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

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

UBT vs HDGE Drawdown Comparison

The maximum drawdown for UBT was -78.91%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

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

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

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

Correlation

Correlation between UBT and HDGE 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)

UBT vs HDGE dividend yield comparison.

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