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ETFs

ProShares Hedge Replication ETF

HDG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 12, 2011
Expense Ratio
0.95%
Type
Global Hedge Fund
Fund Owner
ProShares
Volume (1m avg. daily)
$60,618
AUM
$32,087,272
Associated Index
Merrill Lynch Factor Model Exchange Series
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL
66.30%
n/a
Net Other Assets (Liabilities)
18.60%
SMCI
Super Micro Computer Inc
0.07%
CHX
ChampionX Corp.
0.05%
GTLS
Chart Industries Inc
0.05%
LNW
Light & Wonder Inc
0.05%
MUR
Murphy Oil Corp.
0.04%
CHRD
Chord Energy Corp - Ordinary Shares - New
0.04%
MTDR
Matador Resources Co
0.04%
WFRD
Weatherford International plc - Ordinary Shares - New
0.04%
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 CVRD, BSVO, SPGM

HDG
ProShares Trust - ProShares Hedge Replication ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
EQTY
Valued Advisers Trust - Kovitz Core Equity ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation 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.

News Related to HDG

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Aug 20, 2024 • by Michael Juliano
Hedge Funds Swap Yen For Dollar In New Carry Trade Strategy: Report
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Hedge Funds Are Still Very Much Alive

Aug 25, 2016 • by Benzinga
Read

Hedge Funds Outperformed Global Equities In April

May 10, 2016 • by Benzinga
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Warren Buffett's Estate Will Be Invested In Only 2 Things After He Dies

May 9, 2016 • by Benzinga
Read

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 -0.002%. This is the percent change in the value of HDG over the most recent 1-month period. The 3-month return on HDG is 0.0025%. 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 0.0801%. 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 PFF, PGF, and PGX.

ETFs correlated to HDG include CVRD, BSVO, and SPGM.

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

Disclaimers

*

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.