GJAN vs HDGE
FT Vest US Equity Moderate Buffer ETF - January vs AdvisorShares Active Bear ETF
Which is better, GJAN or HDGE?
Opposite sides of the same exposure.
GJAN has a lower expense ratio. GJAN led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GJAN | HDGE |
|---|---|---|
| Expense Ratio | 0.85%Best | 3.62% |
| AUM | $443M | $56M |
| Dividend Yield | 0.00% | 3.56% |
| Holdings | 10 | 64 |
| YTD Return | +8.05%Best | -3.65% |
| 1Y Return | +11.35%Best | -2.84% |
| 3Y Return (annualized) | +12.30%Best | -9.93% |
| 5Y Return (annualized) | - | -6.86% |
| Volatility (annualized) | 6.0%Best | 20.7% |
| Max Drawdown | -10.6%Best | -42.4% |
| $10,000 over 3.7 years | $15,199Best | $7,011 |
| Fund Family | First Trust Portfolios (US) | Advisor Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 20, 2023 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 25, 2023 to Oct 14, 2026 (3.7 years).
GJAN vs HDGE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
GJAN vs HDGE Performance
FT Vest US Equity Moderate Buffer ETF - January (GJAN) is an ETF from First Trust Portfolios (US) and AdvisorShares Active Bear ETF (HDGE) is an ETF from Advisor Shares. Over the past year GJAN returned +11.35% while HDGE returned -2.84%. Year to date, GJAN is up 8.05% versus a loss of 3.65% for HDGE.
Over three years, GJAN compounded at +12.30% per year against -9.93% for HDGE. Across the full 4-year window we track, GJAN has the edge at +11.98% annualized vs -9.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HDGE has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 6.0% for GJAN. 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 -10.6% for GJAN and -42.4% for HDGE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.62. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
GJAN charges 0.85% per year while HDGE charges 3.62%. On a $10,000 position that is $85 vs $362 annually, a gap of $277 per year that compounds over a long holding period. On income, GJAN currently yields 0.00% against 3.56% for HDGE.
You are not choosing between two funds in isolation.
Whichever of GJAN and HDGE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GJAN or HDGE?
GJAN has an expense ratio of 0.85% while HDGE charges 3.62%. GJAN is the cheaper option, by $277 a year on a $10,000 investment.
Which performed better, GJAN or HDGE?
Over the past year GJAN returned +11.35% vs -2.84% for HDGE, so GJAN leads on 1-year performance. Over the longest common window we track (4 years), GJAN annualized +11.98% vs -9.15% for HDGE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GJAN or HDGE?
HDGE has been the more volatile fund at 20.7% annualized versus 6.0% for GJAN. Worst drawdown: GJAN -10.6% vs HDGE -42.4%.
Should I hold both GJAN and HDGE?
GJAN and HDGE have a monthly-return correlation of -0.62, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, GJAN or HDGE?
GJAN yields 0.00% while HDGE yields 3.56%, so HDGE currently pays the higher dividend yield.
Is HDGE better than GJAN?
GJAN has a lower expense ratio. GJAN led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.