Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to ETFdb.com. Please help us personalize your experience.

Select the one that best describes you

HDG
ProShares Hedge Replication

Price: $45.46
Change: $0.18 (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 $29.3 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 5,935
  • 3 Month Avg. Volume 5,558

Alternative ETFs in the Long-Short Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest QMJ 0.37% $10.4 M 542
Largest (AUM) QAI 0.80% $732.5 M 124,762 -0.06%
Most Liquid (Volume) BTAL 2.11% $228.3 M 170,815 7.40%
Top YTD Performer CLIX 0.65% $229.3 M 60,760 71.57%

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
94.88%
% Assets in Top 10
95.39%
% Assets in Top 15
97.53%
% Assets in Top 50
Number of Holdings
224

% Assets in Top 10
94.88%

% Assets in Top 15
95.39%

% Assets in Top 50
97.53%

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

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
0.57%

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: -13.39 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.

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%
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.

-1.63%
1 Week Return
-2.64%
4 Week Return
0.20%
13 Week Return
7.32%
26 Week Return
-2.50%
Year to Date Return
0.50%
1 Year Return
3.36%
3 Year Return
11.40%
5 Year Return
1 Week Return
-1.63%

4 Week Return
-2.64%

13 Week Return
0.20%

26 Week Return
7.32%

Year to Date Return
-2.50%

1 Year Return
0.50%

3 Year Return
3.36%

5 Year Return
11.40%

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.

5 Day Volatility
72.92%
Rank
9 of 20

20 Day Volatility
7.23%
Rank
15 of 20

50 Day Volatility
5.85%
Rank
15 of 20

200 Day Volatility
8.55%
Rank
15 of 20

Beta
0.36
Rank
13 of 20

Standard Deviation
1.38%
Rank
11 of 15

Technicals

  • 20 Day MA $46.06
  • 60 Day MA $46.25
  • MACD 15 Period -0.46
  • MACD 100 Period -0.37
  • Williams % Range 10 Day 75.20
  • Williams % Range 20 Day 79.89
  • RSI 10 Day 34
  • RSI 20 Day 39
  • RSI 30 Day 44
  • Ultimate Oscillator 48

Bollinger Brands

  • Lower Bollinger (10 Day) $45.13
  • Upper Bollinger (10 Day) $46.62
  • Lower Bollinger (20 Day) $45.32
  • Upper Bollinger (20 Day) $46.77
  • Lower Bollinger (30 Day) $45.40
  • Upper Bollinger (30 Day) $47.13

Support & Resistance

  • Support Level 1 $45.25
  • Support Level 2 $45.05
  • Resistance Level 1 $45.56
  • Resistance Level 2 $45.67

Stochastic

  • Stochastic Oscillator %D (1 Day) 65.06
  • Stochastic Oscillator %D (5 Day) 30.51
  • Stochastic Oscillator %K (1 Day) 61.33
  • Stochastic Oscillator %K (5 Day) 35.54

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.

Brought to You by ETF Flows


Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2020 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.