HDGE vs IVV
AdvisorShares Ranger Equity Bear ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HDGE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.62% | 0.03% | |
| AUM | $51M | $907.0B | |
| Dividend Yield | 3.70% | 1.10% | |
| Holdings | 64 | 508 | |
| YTD Return | -12.45% | +13.22% | |
| 1Y Return | -10.96% | +21.62% | |
| 3Y Return (annualized) | -10.20% | +22.17% | |
| 5Y Return (annualized) | -9.01% | +13.42% | |
| Volatility (annualized) | 20.8% | 15.1% | |
| Max Drawdown | -94.7% | -56.5% | |
| Fund Family | Advisor Shares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 26, 2011 | May 15, 2000 |
HDGE vs IVV Performance
AdvisorShares Ranger Equity Bear ETF (HDGE) is a ETF from Advisor Shares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HDGE returned -10.96% while IVV returned +21.62%. Year to date, HDGE is down 12.45% versus a gain of 13.22% for IVV.
Over three years, HDGE compounded at -10.20% per year against +22.17% for IVV; over five years the annualized figures are -9.01% and +13.42% respectively. Across the full 16-year window we track, IVV has the edge at +7.02% annualized vs -16.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HDGE has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -94.7% for HDGE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.79. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HDGE charges 3.62% per year while IVV charges 0.03%. On a $10,000 position that is $362 vs $3 annually, a gap of $359 per year that compounds over a long holding period. On income, HDGE currently yields 3.70% against 1.10% for IVV.
Holdings Overlap
HDGE and IVV share 20 holdings out of 547 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HDGE or IVV?
HDGE has an expense ratio of 3.62% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $359 per year of difference.
Which performed better, HDGE or IVV?
Over the past year HDGE returned -10.96% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), HDGE annualized -16.13% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, HDGE or IVV?
HDGE has been the more volatile fund at 20.8% annualized versus 15.1% for IVV. Worst drawdown: HDGE -94.7% vs IVV -56.5%.
Should I hold both HDGE and IVV?
HDGE and IVV have a monthly-return correlation of -0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDGE and IVV?
HDGE and IVV share 20 common holdings with a 0.0% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, HDGE or IVV?
HDGE yields 3.70% while IVV yields 1.10%, so HDGE currently pays the higher dividend yield.
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