HDGE vs NVDX
AdvisorShares Active Bear ETF vs T-Rex 2X Long NVIDIA Daily Target ETF
Which is better, HDGE or NVDX?
NVDX has been ahead.
NVDX has a lower expense ratio. NVDX led over 1Y, 3Y and 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 | NVDX |
|---|---|---|
| Expense Ratio | 3.62% | 1.05%Best |
| AUM | $56M | $441M |
| Dividend Yield | 3.56% | 0.00% |
| Holdings | 64 | 13 |
| YTD Return | -3.65% | +10.15%Best |
| 1Y Return | -2.84% | +9.78%Best |
| 3Y Return (annualized) | -9.93% | +107.55%Best |
| 5Y Return (annualized) | -6.86% | - |
| Volatility (annualized) | 19.4%Best | 78.8% |
| Max Drawdown | -38.9%Best | -68.2% |
| $10,000 over 3 years | $7,107 | $89,406Best |
| Fund Family | Advisor Shares | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 26, 2011 | Oct 18, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
HDGE vs NVDX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HDGE vs NVDX Performance
AdvisorShares Active Bear ETF (HDGE) is an ETF from Advisor Shares and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares. Over the past year HDGE returned -2.84% while NVDX returned +9.78%. Year to date, HDGE is down 3.65% versus a gain of 10.15% for NVDX.
Over three years, HDGE compounded at -9.93% per year against +107.55% for NVDX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 78.8% compared with 19.4% 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 -38.9% for HDGE and -68.2% for NVDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.18. They move largely independently of each other.
Fees and Cost Over Time
HDGE charges 3.62% per year while NVDX charges 1.05%. On a $10,000 position that is $362 vs $105 annually, a gap of $257 per year that compounds over a long holding period. On income, HDGE currently yields 3.56% against 0.00% for NVDX.
Holdings Overlap
We hold position weights for 67 holdings in HDGE and 1 in NVDX, totalling 62.3% and 83.4% 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 1 in NVDX, against full books of 64 and 13.
You are not choosing between two funds in isolation.
Whichever of HDGE and NVDX 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 NVDX?
HDGE has an expense ratio of 3.62% while NVDX charges 1.05%. NVDX is the cheaper option, by $257 a year on a $10,000 investment.
Which performed better, HDGE or NVDX?
Over the past year HDGE returned -2.84% vs +9.78% for NVDX, so NVDX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDGE or NVDX?
NVDX has been the more volatile fund at 78.8% annualized versus 19.4% for HDGE. Worst drawdown: HDGE -38.9% vs NVDX -68.2%.
Should I hold both HDGE and NVDX?
HDGE and NVDX have a monthly-return correlation of -0.18, 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 NVDX?
HDGE yields 3.56% while NVDX yields 0.00%, so HDGE currently pays the higher dividend yield.
Is NVDX better than HDGE?
NVDX has a lower expense ratio. NVDX led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.