HDG Performance — ProShares Hedge Replication ETF
Data updated: 2026-08-14
HDG returned +6.47% year to date and +13.49% over one year to May 2026. Annualised returns are +7.81% over 3 years and +3.06% over 5 years. Against its Alternative category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $125, against $176 for the category, and to $113 over one year, against $113. Volatility over the past three years was 4.72% a year. In the 12 months to May 2026 the fund lost a net $5.1M, and assets reached $21.57M.
HDG Growth of $100
What $100 invested in ProShares Hedge Replication ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | HDG | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $113 | $113 |
| 3 years (Jun 2023 – May 2026) | $125 | $176 |
| 5 years (Jun 2021 – May 2026) | $116 | $161 |
| Since data start (Sep 2019 – May 2026) | $136 | $192 |
HDG Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.47% |
| 1 year | +13.49% |
| 3 years (annualised) | +7.81% |
| 5 years (annualised) | +3.06% |
HDG Annual Returns
Calendar-year total returns of ProShares Hedge Replication ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.47% |
| 2025 | +6.96% |
| 2024 | +5.17% |
| 2023 | +7.22% |
| 2022 | −8.30% |
| 2021 | +2.74% |
| 2020 | +7.32% |
| 2019 (Sep–Dec) | +4.47% |
HDG Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.7% | +0.9% | −2.1% | +3.9% | +2.0% | — | — | — | — | — | — | — |
| 2025 | +1.2% | −0.1% | −1.8% | −0.8% | +1.9% | +1.1% | +0.9% | +1.4% | +1.5% | +1.1% | +0.1% | +0.3% |
| 2024 | −0.6% | +1.4% | +1.2% | −1.0% | +1.2% | −0.1% | +2.3% | −0.2% | +0.7% | −0.4% | +1.8% | −1.2% |
| 2023 | +3.6% | −0.4% | −0.5% | 0.0% | −0.2% | +1.5% | +1.5% | −1.2% | −0.7% | −1.2% | +2.2% | +2.6% |
| 2022 | −3.0% | −0.4% | −0.3% | −3.9% | +0.5% | −2.9% | +2.0% | −1.1% | −3.9% | +1.6% | +4.1% | −1.0% |
| 2021 | +1.3% | +1.7% | 0.0% | +1.0% | 0.0% | +0.4% | −1.5% | +0.8% | −1.7% | +1.6% | −1.7% | +0.9% |
| 2020 | −0.8% | −2.7% | −5.4% | +3.8% | +1.9% | +1.5% | 0.0% | +1.1% | −0.9% | +0.3% | +5.7% | +3.0% |
| 2019 | — | — | — | — | — | — | — | — | +1.0% | +1.1% | +0.9% | +1.3% |
HDG Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.72%
- 3-year Sharpe ratio: 0.70 (vs 4.5% risk-free rate)
- Best month: +3.88% (Apr 2026)
- Worst month: −2.09% (Mar 2026)
HDG Fund Flows
Monthly money in and out of ProShares Hedge Replication ETF, from SEC Form N-PORT.
- 12-month net flow: −$5.1M
- 12-month gross sales (incl. reinvestments): $1.1M
- Sales ÷ redemptions: 0.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.1M | $1.6M | −$545K |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $3.1M | −$3.1M |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $0 | $518K | −$518K |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $1.0M | −$1.0M |
| Jun 2025 | $0 | $0 | $0 |
HDG Assets Under Management
Net assets of ProShares Hedge Replication ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $21.57M |
| 2026-02-28 | $24.61M |
| 2025-11-30 | $24.59M |
| 2025-08-31 | $24.11M |
| 2025-05-31 | $24.42M |
| 2025-02-28 | $24.74M |
| 2024-11-30 | $27.56M |
| 2024-08-31 | $28.71M |
| 2024-05-31 | $27.92M |
| 2024-02-29 | $28.23M |
| 2023-11-30 | $32.39M |
| 2023-08-31 | $32.74M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.