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Trending ETFs

ProShares Hedge Replication ETF

ETF
HDG
Payout Change
Suspended
Price as of:
$46.58 +0.12 +0.26%
primary theme
N/A
HDG (ETF)

ProShares Hedge Replication ETF

Payout Change
Suspended
Price as of:
$46.58 +0.12 +0.26%
primary theme
N/A
HDG (ETF)

ProShares Hedge Replication ETF

Payout Change
Suspended
Price as of:
$46.58 +0.12 +0.26%
primary theme
N/A

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$46.58

$43.9 M

0.00%

$0.00

0.95%

Vitals

YTD Return

-3.2%

1 yr return

-8.1%

3 Yr Avg Return

2.8%

5 Yr Avg Return

2.1%

Net Assets

$43.9 M

Holdings in Top 10

86.4%

52 WEEK LOW AND HIGH

$46.5
$45.98
$52.97

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Multistrategy


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$46.58

$43.9 M

0.00%

$0.00

0.95%

HDG - Profile

Distributions

  • YTD Total Return -9.7%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ProShares Hedge Replication ETF
  • Fund Family Name
    ProShares
  • Inception Date
    Jul 12, 2011
  • Shares Outstanding
    915000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Neches

Fund Description

The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the benchmark. The benchmark seeks to provide the risk and return characteristics of the hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index (the "HFRI"). The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. The fund is non-diversified.


HDG - Performance

Return Ranking - Trailing

Period HDG Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -73.0% 19.4% 39.07%
1 Yr -8.1% -9.1% 86.9% 19.27%
3 Yr 2.8%* -9.5% 16.2% 24.10%
5 Yr 2.1%* -4.9% 14.4% 22.42%
10 Yr 2.5%* -0.9% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period HDG Return Category Return Low Category Return High Rank in Category (%)
2021 3.0% -22.7% 305.1% 11.11%
2020 7.3% -9.8% 27.3% 22.58%
2019 8.4% -20.8% 10.9% 34.22%
2018 -5.0% -12.4% 29.4% 19.80%
2017 5.6% -10.5% 15.8% 32.98%

Total Return Ranking - Trailing

Period HDG Return Category Return Low Category Return High Rank in Category (%)
YTD -9.7% -73.0% 19.4% 29.39%
1 Yr -8.1% -13.4% 86.9% 17.45%
3 Yr 2.8%* -9.5% 16.2% 22.49%
5 Yr 2.1%* -5.3% 14.4% 21.08%
10 Yr 2.5%* -0.9% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period HDG Return Category Return Low Category Return High Rank in Category (%)
2021 3.0% -22.7% 305.1% 11.48%
2020 7.3% -9.8% 27.3% 22.98%
2019 8.4% -20.8% 10.9% 46.67%
2018 -5.0% -8.4% 29.4% 44.06%
2017 5.6% -10.2% 18.0% 43.98%

HDG - Holdings

Concentration Analysis

HDG Category Low Category High HDG % Rank
Net Assets 43.9 M 1.5 M 5.01 B 73.80%
Number of Holdings 2029 4 4478 5.30%
Net Assets in Top 10 37.9 M -398 M 2.55 B 60.78%
Weighting of Top 10 86.35% 13.1% 100.0% 17.89%

Top 10 Holdings

  1. United States Treasury Bills 74.02%
  2. United States Treasury Bills 70.34%
  3. United States Treasury Bills 69.45%
  4. United States Treasury Bills 68.07%
  5. United States Treasury Bills 68.01%
  6. United States Treasury Bills 67.58%
  7. United States Treasury Bills 66.40%
  8. United States Treasury Bills 66.17%
  9. United States Treasury Bills 65.58%
  10. United States Treasury Bills 64.68%

Asset Allocation

Weighting Return Low Return High HDG % Rank
Cash
60.01% -6278.21% 410.43% 15.19%
Stocks
32.78% -3.75% 97.95% 33.57%
Other
5.52% -21.53% 148.54% 84.81%
Bonds
1.69% -326.45% 6347.80% 89.75%
Preferred Stocks
0.00% -0.12% 46.97% 83.04%
Convertible Bonds
0.00% 0.00% 87.92% 92.23%

Stock Sector Breakdown

Weighting Return Low Return High HDG % Rank
Industrials
15.44% 0.00% 21.45% 3.94%
Financial Services
15.14% 0.00% 59.28% 48.82%
Healthcare
14.70% 0.00% 45.63% 6.69%
Technology
12.99% 0.00% 39.58% 79.13%
Consumer Cyclical
9.75% 0.00% 29.09% 29.13%
Real Estate
9.16% 0.00% 51.26% 13.39%
Energy
8.05% 0.00% 100.00% 40.94%
Consumer Defense
4.26% 0.00% 13.62% 72.05%
Basic Materials
3.96% 0.00% 27.46% 51.97%
Communication Services
3.29% 0.00% 21.78% 94.49%
Utilities
3.26% 0.00% 9.23% 57.87%

Stock Geographic Breakdown

Weighting Return Low Return High HDG % Rank
US
32.40% -8.85% 91.88% 22.97%
Non US
0.38% -19.62% 42.11% 79.86%

Bond Sector Breakdown

Weighting Return Low Return High HDG % Rank
Cash & Equivalents
79.85% 0.27% 100.00% 7.42%
Derivative
20.15% 0.00% 88.81% 31.45%
Securitized
0.00% 0.00% 56.83% 90.11%
Corporate
0.00% 0.00% 87.73% 94.70%
Municipal
0.00% 0.00% 27.33% 82.69%
Government
0.00% 0.00% 84.29% 97.17%

Bond Geographic Breakdown

Weighting Return Low Return High HDG % Rank
US
1.69% -126.19% 6311.18% 95.41%
Non US
0.00% -382.37% 121.02% 85.51%

HDG - Expenses

Operational Fees

HDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.29% 31.15% 61.51%
Management Fee 0.75% 0.00% 2.50% 26.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

HDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 491.00% 42.74%

HDG - Distributions

Dividend Yield Analysis

HDG Category Low Category High HDG % Rank
Dividend Yield 0.00% 0.00% 4.56% 78.80%

Dividend Distribution Analysis

HDG Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

HDG Category Low Category High HDG % Rank
Net Income Ratio -0.68% -2.51% 6.83% 51.80%

Capital Gain Distribution Analysis

HDG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

HDG - Fund Manager Analysis

Managers

Michael Neches


Start Date

Tenure

Tenure Rank

Oct 01, 2013

8.67

8.7%

Michael Neches joined ProShare Advisors in 2000, and presently serves as a Senior Portfolio Manager. He previously served as the Senior Portfolio Manager responsible for the company’s commodities desk for two years, as a Portfolio Manager and team lead, as an Associate Portfolio Manager and as a Portfolio Analyst. Mr. Neches earned a Bachelor of Science in Finance from the University of Maryland, College Park and an MBA from Georgetown University.

Tarak Davé


Start Date

Tenure

Tenure Rank

Apr 30, 2018

4.09

4.1%

Tarak Dave ProFund Advisors LLC: Portfolio Manager since March 2018, Associate Portfolio Manager from November 2015 to March 2018, Senior Portfolio Analyst from May 2014 to October 2015 and Portfolio Analyst from April 2011 to April 2014.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67