HDG ProShares Hedge Replication ETF
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’s index aims to emulate the risk and return characteristics of another index - one of reporting hedge funds - by crunching the return series and allocating to various liquid asset classes. To do so, the index utilizes a model to establish a weighted long or short positions each month in six underlying factors, such as (1) the S&P 500 Total Return Index, (2) the MSCI EAFE US Dollar Net Total Return Index, (3) the MSCI Emerging Markets US Dollar Net Total Return Index, (4) the Russell 2000 Total Return Index, (5) three-month U.S. Treasury Bills, and (6) the ProShares UltraShort Euro ETF. 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. The fund and the index does not include hedge funds as components.
HDG Summary Data
HDG Portfolio Data
HDG Index 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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Long
Net
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HDG Top 5 Holdings Short
HDG Performance Statistics
HDG Correlations (Daily Returns 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.