HDG

ProShares Hedge Replication ETF
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31
*Unless otherwise stated, data provided by FactSet.

HDG 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

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HDG 2.07% 0.83% 6.62% 2.12% 2.81% 1.71% --
HDG (NAV) 1.63% 0.60% 6.30% 1.18% 2.76% 1.74% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HDG Summary Data

ProShares
07/12/11
Open-Ended Fund
0.95%
$30.79M
$215.86K
0.21%

HDG Portfolio Data

Tactical Asset Allocation
0.99%
09/25/19
506

HDG Index Data

Multi-Factor
Multi-Factor
N/A

HDG Portfolio Management

0.95%
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HDG Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

HDG Fund Structure

Open-Ended Fund
Yes
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

HDG Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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

4,467
$215.86K
1,623
$82.43K
0.21%
$0.09
-0.12%
0.37% / -0.94%
None
99.78%
10,000
0.16
0.11%
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0
$45.61
N/A

HDG Asset Allocation

Short
Long
Net
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0.00%

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0.00%

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0.00%

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--

0.00%

HDG Top 5 Holdings Long

72.16%
18.75%
Apple Inc. 0.35%

HDG Top 5 Holdings Short

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HDG Performance Statistics

1.18%
3.64%
-3.38%
0.01
0.02
-0.37
1.36

HDG Correlations (Daily Returns 12 Mo)

0.93
-0.19
0.31

HDG MSCI ESG Ratings

A
6.54 / 10
89.66
79.74
1.20%
0.55%
185.98

Correlation (Rolling 30 Day, 12 Mo)