ProShares Hedge Replication ETFProShares Hedge Replication ETFProShares Hedge Replication ETF

ProShares Hedge Replication ETF

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Key stats


Assets under management (AUM)
‪24.53 M‬USD
Fund flows (1Y)
‪−4.00 M‬USD
Dividend yield (indicated)
3.40%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪495.00 K‬
Expense ratio
0.95%

About ProShares Hedge Replication ETF


Issuer
ProShare Advisors LLC
Brand
ProShares
Home page
Inception date
Jul 12, 2011
Structure
Open-Ended Fund
Index tracked
ICE BofAML Factor Model - Exchange Series
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
HDGs index aims to emulate the risk and return characteristics of another index - one of reporting hedge funds - by crunching the return series and allocating to various liquid asset classes. To do so, the index utilizes a model to establish a weighted long or short positions each month in six underlying factors, such as (1) the S&P 500 Total Return Index, (2) the MSCI EAFE US Dollar Net Total Return Index, (3) the MSCI Emerging Markets US Dollar Net Total Return Index, (4) the Russell 2000 Total Return Index, (5) three-month U.S. Treasury Bills, and (6) the ProShares UltraShort Euro ETF. This math produces a huge stake in short-dated Treasuries, which reduces portfolio volatility but doesnt add much else. Its the remaining equity allocation that provides all the movement, in fact, too much so. The fund and the index does not include hedge funds as components.

Broaden your horizons with more funds linked to HDG via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Multi-strategy
Niche
Multi-strategy
Strategy
Multi-factor
Geography
Global
Weighting scheme
Multi-factor
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Government
Cash
Stocks13.72%
Finance3.42%
Health Technology1.73%
Technology Services1.33%
Electronic Technology1.23%
Producer Manufacturing0.95%
Industrial Services0.58%
Consumer Services0.52%
Commercial Services0.48%
Retail Trade0.44%
Utilities0.42%
Consumer Durables0.40%
Process Industries0.37%
Non-Energy Minerals0.34%
Health Services0.34%
Energy Minerals0.29%
Consumer Non-Durables0.29%
Transportation0.24%
Distribution Services0.19%
Communications0.14%
Miscellaneous0.02%
Bonds, Cash & Other86.28%
Government67.18%
Cash19.08%
Miscellaneous0.01%
Corporate0.01%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HDG trades at 49.72 USD today, its price has risen 0.47% in the past 24 hours. Track more dynamics on HDG price chart.
HDG net asset value is 49.80 today — it's risen 1.22% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HDG assets under management is ‪24.53 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HDG price has risen by 1.18% over the last month, and its yearly performance shows a 0.88% increase. See more dynamics on HDG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.22% over the last month, showed a 1.10% increase in three-month performance and has increased by 4.64% in a year.
HDG fund flows account for ‪−4.00 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HDG invests in bonds. See more details in our Analysis section.
HDG expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HDG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HDG technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HDG shows the strong buy signal. See more of HDG technicals for a more comprehensive analysis.
Yes, HDG pays dividends to its holders with the dividend yield of 3.40%.
HDG trades at a premium (0.16%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HDG shares are issued by ProShare Advisors LLC
HDG follows the ICE BofAML Factor Model - Exchange Series. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 12, 2011.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.