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ETFs

AdvisorShares Ranger Equity Bear ETF

HDGE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 26 2011
Expense Ratio
4.29%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$1,682,241
AUM
$117,797,580
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH
84.04%
n/a
FIDELITY INSTL GOVT 657 C
61.17%
n/a
BLACKROCK FEDERAL FD 30 INSTL
48.06%
HCP
HashiCorp Inc - Ordinary Shares - Class A
-0.55%
ALB
Albemarle Corp.
-0.55%
NXST
Nexstar Media Group Inc
-0.63%
O
Realty Income Corp.
-0.69%
CPT
Camden Property Trust
-0.70%
MODG
Topgolf Callaway Brands Corp
-0.72%
PI
Impinj Inc
-0.93%
Invest with HDGE

What is HDGE?

The investment objective of the Active Bear ETF (HDGE) is capital appreciation through short sales of domestically traded equity securities. The HDGE portfolio is sub-advised by Ranger Alternative Management L.P. The portfolio management team implements a bottom-up fundamental research driven security selection process. In selecting short positions the Fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition the portfolio management team seeks to identify earnings driven events that may act as a catalyst to the price decline of a security such as downwards earnings revisions or reduced forward guidance.

ETFs related toHDGE

ETFs correlated to HDGE include HIBS, SRTY, RWM

HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HDGE is a US Equities ETF. The investment objective of the Active Bear ETF (HDGE) is capital appreciation through short sales of domestically traded equity securities. The HDGE portfolio is sub-advised by Ranger Alternative Management L.P. The portfolio management team implements a bottom-up fundamental research driven security selection process. In selecting short positions the Fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. In addition the portfolio management team seeks to identify earnings driven events that may act as a catalyst to the price decline of a security such as downwards earnings revisions or reduced forward guidance.

Yes, HDGE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HDGE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HDGE is 0.044%. This is the percent change in the value of HDGE over the most recent 1-month period. The 3-month return on HDGE is -0.0051%. This is the percent change in the value of HDGE over the most recent 3-month period.

The standard deviation of HDGE for the past year is 0.2893%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HDGE include PKW, VIXY, and XYLD.

ETFs correlated to HDGE include HIBS, SRTY, and RWM.

ETFs that are inversely correlated to HDGE include VXF, VBK, and BBSC.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.