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HDG
ProShares Hedge Replication

Price: $46.21
Change: $0.12 (-0.0%)
Category: Long-Short
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $37.59
  • 52 Week Hi $47.15
  • AUM $29.8 M
  • Shares 0.6 M

Analyst Report

This ETF seeks to replicate the risk/return profiles of a diversified benchmark of hedge funds, potentially giving all types of investors access to a strategy that may otherwise be out of reach. HDG seeks to accomplish this objective by maintaining exposure to six "factors" that include U.S. stocks, international equities, Treasuries, and the euro. The fund has the flexibility to establish long or short exposure to most of these factors (long or flat to some) based on a proprietary quantitative analysis.

It's important for investors to realize what hedge fund replication strategies entail, and the limitations to such techniques. HDG doesn't have access to all the same tools as famous hedge fund managers, and shouldn't be confused with a product that will seek to generate huge absolute returns in any environment. Instead, the primary appeal of this product may be in its ability to offer non-correlated returns, adding diversification benefits to traditional stock-and-bond portfolios and smoothing overall volatility.

The exposure offered by HDG would be quite expensive and demanding for most investors to establish; this ETF offers a way to access this advanced and potentially time-consuming strategy at a relatively low price point. There are several other options for hedge fund replication exposure in the ETF universe, including the broad-based QAI, MCRO (macro strategy), merger arbitrage products (MNA), and long/short techniques.

Historical Trading Data

  • 1 Month Avg. Volume 5,230
  • 3 Month Avg. Volume 4,951

Alternative ETFs in the Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest QMJ 0.37% $10.6 M 775
Largest (AUM) QAI 0.80% $745.3 M 114,338 0.94%
Most Liquid (Volume) BTAL 2.11% $226.0 M 168,775 3.79%
Top YTD Performer CLIX 0.65% $225.9 M 62,063 65.29%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

224
Number of Holdings
94.81%
% Assets in Top 10
95.32%
% Assets in Top 15
97.47%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
224
Rank
9 of 21
Low
MSVX (3)
High
RALS (911)
% Assets in Top 10
94.81%
Rank
15 of 21
Low
CSM (19.95%)
High
CHEP (206.82%)
% Assets in Top 15
95.32%
Rank
8 of 21
Low
CSM (23.68%)
High
CHEP (208.23%)
% Assets in Top 50
97.47%
Rank
14 of 21
Low
CSM (41.49%)
High
CHEP (217.34%)

 
View Summary Analysis
 

Sector Breakdown

HDG Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
CHEP (10.67)
High
CLIX (41.14)

HDG Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.04
Dividend Date
2020-03-25
Annual Dividend Rate
$0.26

$0.04
Dividend
2020-03-25
Dividend Date
$0.26
Annual Dividend Rate
Annual Dividend Yield
0.56%
Rank
14 of 17
Low
DBEH (0.09%)
High
XYLD (6.52%)

HDG Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -4.15 M 1 Year Net Flows: -1.02 M 3 Year Net Flows: -10.55 M 5 Year Net Flows: -14.44 M 10 Year Net Flows: 15.82 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for HDG on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Long-Short with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

HDG Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
1.07%
Expense Ratio
0.95%
Rank
12 of 21
Low
QMJ (0.37%)
High
MOM (2.62%)
ESG Themes and Scores

HDG does not have an ESG score. There are no ESG themes that map to this ETF.

HDG Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.74%
1 Week Return
-0.79%
4 Week Return
1.19%
13 Week Return
12.72%
26 Week Return
-0.89%
Year to Date Return
1.92%
1 Year Return
5.63%
3 Year Return
11.82%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.74%
Rank
3 of 20
Low
MOM (-1.44%)
High
XYLD (2.20%)
4 Week Return
-0.79%
Rank
12 of 20
Low
CLIX (-11.82%)
High
XYLD (2.65%)
13 Week Return
1.19%
Rank
14 of 20
Low
CHEP (-3.90%)
High
CLIX (11.44%)
26 Week Return
12.72%
Rank
12 of 20
Low
CHEP (-14.84%)
High
CLIX (57.33%)
Year to Date Return
-0.89%
Rank
8 of 17
Low
CHEP (-32.41%)
High
CLIX (65.29%)
1 Year Return
1.92%
Rank
9 of 15
Low
CHEP (-27.97%)
High
CLIX (60.22%)
3 Year Return
5.63%
Rank
10 of 14
Low
CHEP (-42.25%)
High
MOM (27.05%)
5 Year Return
11.82%
Rank
7 of 14
Low
CHEP (-42.29%)
High
CSM (68.03%)

 
View Summary Analysis
 

HDG Price and Volume Chart

HDG Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
76.93%
Rank
9 of 20
Low
FLSP (9.27%)
High
HTUS (324.88%)
20 Day Volatility
5.90%
Rank
16 of 20
Low
MARB (1.71%)
High
CLIX (26.06%)
50 Day Volatility
5.53%
Rank
16 of 20
Low
MARB (1.39%)
High
CLIX (30.80%)
200 Day Volatility
8.63%
Rank
16 of 20
Low
MARB (2.96%)
High
MOM (38.95%)
Beta
0.36
Rank
13 of 20
Low
BTAL (-0.56)
High
QMJ (1.29)
Standard Deviation
1.38%
Rank
11 of 15
Low
QMN (0.62%)
High
CLIX (14.42%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $46.33
  • 60 Day MA $46.26
  • MACD 15 Period -0.02
  • MACD 100 Period 0.45
  • Williams % Range 10 Day 29.89
  • Williams % Range 20 Day 60.21
  • RSI 10 Day 47
  • RSI 20 Day 49
  • RSI 30 Day 51
  • Ultimate Oscillator 54

Bollinger Brands

  • Lower Bollinger (10 Day) $45.79
  • Upper Bollinger (10 Day) $46.40
  • Lower Bollinger (20 Day) $45.79
  • Upper Bollinger (20 Day) $46.86
  • Lower Bollinger (30 Day) $45.83
  • Upper Bollinger (30 Day) $47.13

Support & Resistance

  • Support Level 1 $46.09
  • Support Level 2 $45.97
  • Resistance Level 1 $46.34
  • Resistance Level 2 $46.47

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.63
  • Stochastic Oscillator %D (5 Day) 69.77
  • Stochastic Oscillator %K (1 Day) 58.18
  • Stochastic Oscillator %K (5 Day) 62.09

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

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