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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.
| Segment | Alternatives: Absolute Returns |
| Category | Absolute Returns |
| Focus | Global Macro |
| Niche | Tactical Asset Allocation |
| Strategy | Multi-factor |
| Weighting Scheme | Multi-Factor |
This section compares how balanced and deep this ETF is relative to its peers.
| HDG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1974 | 173 | 100 |
| % of Assets in Top 10 | 83.83% | 71.68% | 72.66% |
| % of Assets in Top 15 | 84.03% | 78.16% | 80.41% |
| % of Assets in Top 50 | 85.22% | 91.21% | 96.33% |
| HDG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 10.74% | 2.17% |
| Mid (>2.7B) | N/A | 0.69% | 0.11% |
| Small (>600M) | N/A | 0.71% | 0.00% |
| Micro (<600M) | N/A | 0.91% | 0.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| HDG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.04 | $ 0.19 | $ 0.34 |
| Dividend Date | 2020-03-25 | N/A | N/A |
| Annual Dividend Rate | N/A | $ 0.53 | $ 0.49 |
| Annual Dividend Yield | N/A | 1.47% | 1.74% |
View charts featuring HDG price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -1.93 M 1 Month Net Flows: -1.93 M 3 Month Net Flows: -2.75 M 6 Month Net Flows: -5.66 M 1 Year Net Flows: 350.25 K 3 Year Net Flows: 9.84 M 5 Year Net Flows: -2 M 10 Year Net Flows: 21.03 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -1.26 MThe 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| HDG |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 3.87% | 4.30% | 3.40% |
| 3 Month Return | 1.69% | 1.38% | 0.28% |
| YTD Return | -7.06% | -3.70% | -1.17% |
| 1 Year Return | -6.08% | -1.92% | 0.57% |
| 3 Year Return | 7.87% | 5.72% | 7.00% |
| 5 Year Return | 10.19% | 10.83% | 8.05% |
The following charts reflect the geographic spread of HDG's underlying holdings.
The following charts reflect the allocation of HDG's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 63.49% |
| 20 Day Volatility | 5.79% |
| 50 Day Volatility | 9.34% |
| 200 Day Volatility | 9.93% |
| Beta | 0.36 |
| Standard Deviation | 2.01% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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