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ETFs

ProShares Hedge Replication ETF

HDG
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 12 2011
Expense Ratio
0.95%
Type
Global Hedge Fund
Fund Owner
ProShares
Volume (1m avg. daily)
$154,251
AUM
$36,650,767
Associated Index
Merrill Lynch Factor Model Exchange Series
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

B 0 06/01/23
TREASURY BILL
69.08%
n/a
Net Other Assets (Liabilities)
14.37%
IRDM
Iridium Communications Inc
0.06%
SWAV
ShockWave Medical Inc
0.06%
EME
Emcor Group, Inc.
0.06%
CROX
Crocs Inc
0.06%
TXRH
Texas Roadhouse Inc
0.05%
SAIA
Saia Inc.
0.05%
INSP
Inspire Medical Systems Inc
0.05%
RBC
RBC Bearings Inc.
0.05%
Invest with HDG

What is HDG?

ProShares Hedge Replication ETF (the Fund ) seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model Exchange Series (the Benchmark ). The Factors that comprise the Benchmark are the (1) S&P 500 Total Return Index, (2) the MSCI EAFE US Dollar Net Total Return Index, (3) the MSCI Emerging Markets US Dollar Net Total Return Index ( MSCI Emerging Markets ), (4) the Russell 2000 Total Return Index ( Russell 2000 ), (5) three-month U.S. Treasury Bills, and (6) the ProShares UltraShort Euro ETF. The Benchmark is not comprised of, and the Fund does not invest in, any hedge fund or group of hedge funds.

ETFs related toHDG

ETFs correlated to HDG include SPGM, VT, CRBN

HDG
ProShares Trust - ProShares Hedge Replication ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF

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

HDG is a Global Hedge Fund ETF. ProShares Hedge Replication ETF (the Fund ) seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model Exchange Series (the Benchmark ). The Factors that comprise the Benchmark are the (1) S&P 500 Total Return Index, (2) the MSCI EAFE US Dollar Net Total Return Index, (3) the MSCI Emerging Markets US Dollar Net Total Return Index ( MSCI Emerging Markets ), (4) the Russell 2000 Total Return Index ( Russell 2000 ), (5) three-month U.S. Treasury Bills, and (6) the ProShares UltraShort Euro ETF. The Benchmark is not comprised of, and the Fund does not invest in, any hedge fund or group of hedge funds.

HDG tracks the Merrill Lynch Factor Model Exchange Series.

No, HDG is not actively managed. It is passively 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.

Yes, HDG is passively 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 HDG is -0.0074%. This is the percent change in the value of HDG over the most recent 1-month period. The 3-month return on HDG is 0.0212%. This is the percent change in the value of HDG over the most recent 3-month period.

The standard deviation of HDG for the past year is 0.0989%. 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 HDG include AMJ, FPE, and PFF.

ETFs correlated to HDG include SPGM, VT, and CRBN.

ETFs that are inversely correlated to HDG include TZA, SRTY, and TWM.

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.