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 Charts And Performance
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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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HDG Top 5 Holdings Short
HDG Performance Statistics
HDG Correlations (Daily Returns 12 Mo)
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