HDGE vs VOO
HDGE vs VOO
AdvisorShares Ranger Equity Bear ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HDGE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.62% | 0.03% | |
| AUM | $59M | $979.0B | |
| Dividend Yield | 3.39% | 1.09% | |
| Holdings | 50 | 509 | |
| YTD Return | -8.21% | +11.51% | |
| 1Y Return | -9.83% | +21.46% | |
| 3Y Return (annualized) | -6.79% | +20.86% | |
| 5Y Return (annualized) | -7.10% | +13.01% | |
| Volatility (annualized) | 20.8% | 14.1% | |
| Max Drawdown | -94.4% | -34.3% | |
| Fund Family | Advisor Shares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 26, 2011 | Sep 7, 2010 |
HDGE vs VOO Performance
AdvisorShares Ranger Equity Bear ETF (HDGE) is a ETF from Advisor Shares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HDGE returned -9.83% while VOO returned +21.46%. Year to date, HDGE is down 8.21% versus a gain of 11.51% for VOO.
Over three years, HDGE compounded at -6.79% per year against +20.86% for VOO; over five years the annualized figures are -7.10% and +13.01% respectively. Across the full 16-year window we track, VOO has the edge at +13.44% annualized vs -15.91%. 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 14.1% for VOO. 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 -94.4% for HDGE and -34.3% for VOO. 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 VOO 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 3.39% against 1.09% for VOO.
Holdings Overlap
HDGE and VOO 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.
Top Shared Holdings
| Stock | Weight in HDGE | Weight in VOO | Difference |
|---|---|---|---|
| APP | -0.93% | 0.21% | 1.14% |
| WFC | -1.36% | 0.39% | 1.75% |
| DASH | -1.09% | 0.11% | 1.20% |
| CRM | Pro | Pro | Pro |
| SYF | Pro | Pro | Pro |
| BLDR | Pro | Pro | Pro |
| ARE | Pro | Pro | Pro |
| ORLY | Pro | Pro | Pro |
| CTSH | Pro | Pro | Pro |
| ARES | Pro | Pro | Pro |
See all 10 holdings HDGE shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HDGE or VOO?
HDGE has an expense ratio of 3.62% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $359 per year of difference.
Which performed better, HDGE or VOO?
Over the past year HDGE returned -9.83% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), HDGE annualized -15.91% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, HDGE or VOO?
HDGE has been the more volatile fund at 20.8% annualized versus 14.1% for VOO. Worst drawdown: HDGE -94.4% vs VOO -34.3%.
Should I hold both HDGE and VOO?
HDGE and VOO 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 VOO?
HDGE and VOO share 20 common holdings with a 0.0% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, HDGE or VOO?
HDGE yields 3.39% while VOO yields 1.09%, so HDGE currently pays the higher dividend yield.
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