HDGE vs METU
AdvisorShares Active Bear ETF vs Direxion Daily META Bull 2X ETF
Which is better, HDGE or METU?
Each has led over a different period.
METU has a lower expense ratio. HDGE led over 1Y, METU over the full window.
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 | HDGE | METU |
|---|---|---|
| Expense Ratio | 3.62% | 1.02%Best |
| AUM | $56M | $506M |
| Dividend Yield | 3.56% | 2.70% |
| Holdings | 64 | 20 |
| YTD Return | -3.65% | +2.89%Best |
| 1Y Return | -2.84%Best | -17.61% |
| 3Y Return (annualized) | -9.93% | - |
| 5Y Return (annualized) | -6.86% | - |
| Volatility (annualized) | 18.6%Best | 70.0% |
| Max Drawdown | -31.9%Best | -63.9% |
| $10,000 over 2.4 years | $7,774 | $12,474Best |
| Fund Family | Advisor Shares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 26, 2011 | Jun 5, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
HDGE vs METU 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 2.4 years both funds cover.
HDGE vs METU Performance
AdvisorShares Active Bear ETF (HDGE) is an ETF from Advisor Shares and Direxion Daily META Bull 2X ETF (METU) is an ETF from Direxion Shares ETF Trust. Over the past year HDGE returned -2.84% while METU returned -17.61%. Year to date, HDGE is down 3.65% versus a gain of 2.89% for METU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METU has been the more volatile fund, with annualized monthly volatility of 70.0% compared with 18.6% for HDGE. 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 -31.9% for HDGE and -63.9% for METU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.01. They move largely independently of each other.
Fees and Cost Over Time
HDGE charges 3.62% per year while METU charges 1.02%. On a $10,000 position that is $362 vs $102 annually, a gap of $260 per year that compounds over a long holding period. On income, HDGE currently yields 3.56% against 2.70% for METU.
Holdings Overlap
We hold position weights for 67 holdings in HDGE and 4 in METU, totalling 62.3% and 87.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 67 positions we hold weights for in HDGE and 4 in METU, against full books of 64 and 20.
You are not choosing between two funds in isolation.
Whichever of HDGE and METU 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, HDGE or METU?
HDGE has an expense ratio of 3.62% while METU charges 1.02%. METU is the cheaper option, by $260 a year on a $10,000 investment.
Which performed better, HDGE or METU?
Over the past year HDGE returned -2.84% vs -17.61% for METU, so HDGE leads on 1-year performance. Over the longest common window we track (2 years), HDGE annualized -9.96% vs +9.65% for METU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDGE or METU?
METU has been the more volatile fund at 70.0% annualized versus 18.6% for HDGE. Worst drawdown: HDGE -31.9% vs METU -63.9%.
Should I hold both HDGE and METU?
HDGE and METU have a monthly-return correlation of -0.01, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HDGE or METU?
HDGE yields 3.56% while METU yields 2.70%, so HDGE currently pays the higher dividend yield.
Is METU better than HDGE?
METU has a lower expense ratio. HDGE led over 1Y, METU over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.