HDGE Performance — AdvisorShares Ranger Equity Bear ETF
Data updated: 2026-09-10
HDGE returned +2.44% year to date and +1.26% over one year to Jun 2026. Annualised returns are −3.63% over 3 years and −2.52% over 5 years. The fund beat its Trading - Inverse category average: $100 invested three years ago grew to $90, against $35 for the category, and to $101 over one year, against $68. Volatility over the past three years was 20.08% a year. In the 12 months to Jun 2026 the fund took in a net $22.5M, and assets reached $65.88M.
HDGE Growth of $100
What $100 invested in AdvisorShares Ranger Equity Bear ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | HDGE | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $101 | $68 |
| 3 years (Jul 2023 – Jun 2026) | $90 | $35 |
| 5 years (Jul 2021 – Jun 2026) | $88 | $34 |
| Since data start (Jul 2019 – Jun 2026) | $32 | $11 |
HDGE Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.44% |
| 1 year | +1.26% |
| 3 years (annualised) | −3.63% |
| 5 years (annualised) | −2.52% |
HDGE Annual Returns
Calendar-year total returns of AdvisorShares Ranger Equity Bear ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.44% |
| 2025 | +2.10% |
| 2024 | −7.77% |
| 2023 | −27.07% |
| 2022 | +16.55% |
| 2021 | −18.69% |
| 2020 | −43.48% |
| 2019 (Jul–Dec) | −15.65% |
HDGE 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 | +1.9% | +4.3% | +4.9% | −6.4% | −1.3% | −0.5% | — | — | — | — | — | — |
| 2025 | −3.5% | +7.2% | +5.1% | +5.1% | −5.0% | −4.9% | +1.8% | −7.1% | +2.1% | +2.5% | +1.0% | −1.2% |
| 2024 | +6.7% | −2.7% | −1.2% | +9.0% | −3.6% | +0.2% | −9.6% | +2.1% | −2.0% | +0.4% | −10.0% | +4.7% |
| 2023 | −16.4% | +0.4% | +5.3% | +1.5% | −1.5% | −11.1% | −10.1% | +6.3% | +8.5% | +9.2% | −7.9% | −11.1% |
| 2022 | +2.7% | −2.1% | −1.6% | +13.4% | +4.2% | +10.3% | −10.0% | −1.5% | +7.4% | −6.2% | −4.5% | +5.9% |
| 2021 | −9.6% | −5.5% | −2.3% | −4.8% | −0.2% | −4.5% | +5.1% | +2.2% | +4.3% | −2.5% | +0.8% | −2.5% |
| 2020 | +0.5% | +5.2% | +21.4% | −15.4% | −10.9% | −6.6% | −2.9% | −7.5% | +3.0% | −1.3% | −25.1% | −8.6% |
| 2019 | — | — | — | — | — | — | +0.5% | +8.7% | −5.8% | −3.4% | −9.5% | −6.3% |
HDGE Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.08%
- 3-year Sharpe ratio: -0.40 (vs 4.5% risk-free rate)
- Best month: +9.22% (Oct 2023)
- Worst month: −11.06% (Dec 2023)
HDGE Fund Flows
Monthly money in and out of AdvisorShares Ranger Equity Bear ETF, from SEC Form N-PORT.
- 12-month net flow: $22.5M
- 12-month gross sales (incl. reinvestments): $106.2M
- Sales ÷ redemptions: 1.27×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.3M | $1.3M | $3.0M |
| May 2026 | $2.2M | $4.6M | −$2.4M |
| Apr 2026 | $9.6M | $20.1M | −$10.4M |
| Mar 2026 | $40.0M | $35.7M | $4.3M |
| Feb 2026 | $15.3M | $0 | $15.3M |
| Jan 2026 | $2.4M | $1.8M | $676K |
| Dec 2025 | $0 | $9.8M | −$9.8M |
| Nov 2025 | $13.6M | $5.0M | $8.7M |
| Oct 2025 | $2.2M | $0 | $2.2M |
| Sep 2025 | $6.4M | $2.2M | $4.2M |
| Aug 2025 | $8.5M | $3.2M | $5.3M |
| Jul 2025 | $1.5M | $0 | $1.5M |
HDGE Assets Under Management
Net assets of AdvisorShares Ranger Equity Bear ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $65.88M |
| 2026-03-31 | $82.09M |
| 2025-12-31 | $54.47M |
| 2025-09-30 | $54.72M |
| 2025-06-30 | $45.59M |
| 2025-03-31 | $50.79M |
| 2024-12-31 | $47.32M |
| 2024-09-30 | $65.51M |
| 2024-06-28 | $67.75M |
| 2024-03-28 | $71.46M |
| 2023-12-29 | $69.14M |
| 2023-09-29 | $113.12M |
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.