HDG
ProShares Hedge Replication ETFHDG Fund Description
HDG tracks an index that uses long and short exposure to equity, Treasury and currency indexes, and individual securities to mimic the returns of a broad hedge fund index.
HDG Factset Analytics Insight
HDG delivers a mixed bag of costs, risks and performance. The fund charges an unremarkable 95 bps annually, but struggles mightily to track its own index. While investor interest remains tepid with middling AUM, we see low closure risk. HDG’s index aims to emulate the returns of another index—one of reporting hedge funds—by crunching the return series and allocating to various liquid asset classes. This math produces a huge stake in short-dated Treasuries, which reduces portfolio volatility but doesn’t add much else. It’s the remaining equity allocation that provides all the movement; in fact, too much so. HDG’s returns over the past 12 months were far too equity-like to Fit our definition of solid absolute-return performance.
HDG MSCI ESG Analytics Insight
ProShares Hedge Replication ETF has an MSCI ESG Fund Rating of A based on a score of 6.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Hedge Replication ETF ranks in the 80th percentile within its peer group and in the 90th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HDG Charts And Performance
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HDG Portfolio Data
HDG Portfolio Management
HDG Tax Exposures
HDG Fund Structure
HDG Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HDG. HDG is rated a N/A out of 5.
HDG Tradability
HDG Asset Allocation
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HDG Top 5 Holdings Long
HDG Top 5 Holdings Short
HDG Performance Statistics
HDG Correlations (Daily Returns 12 Mo)
HDG MSCI ESG Ratings
Correlation (Rolling 30 Day, 12 Mo)
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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 24,000 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.