Snapshot*
Top 10 Holdings
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.
HDGEPerformance Measures**
for the time period Jan 27, 2011 to Aug 6, 2026
1M Trailing Return: -6.8%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -14.7%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -94.1%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 22.2%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.65
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.17
The annualized return divided by the max drawdown for the selected time period.
ETFs related toHDGE
ETFs correlated to HDGE include HIBS, SRTY, RWM
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.
Trading Strategies
Related toHDGE
Protected Leverage v2.5a + V1e Fund Surfing - K-1 Free
Category
Tactical asset allocation, Risk-on/off regimes, Leveraged ETFs, Mean reversion, Trend/momentum, Rates and FX aware, Inverse/short hedging, Daily rebalanced, K-1 free
OOS Cumulative Return
146.51%
Protected Leverage v2.4c 3x S&P 500 / NASDAQ v1.1 + Blend: V4 & V5 CFS + BBD, BHFEAR | BIL - K-1 Free
Category
Leveraged ETFs, tactical rotation, trend-following, dip buying, volatility targeting, risk-on/risk-off, hedging, US equities, Treasuries, alternatives
OOS Cumulative Return
132.31%
Create your own algorithmic trading strategy with HDGE using Composer
FAQ
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.