ATLASAdvisorShares Ranger Equity Bear ETF (HDGE): outlook, holdings and fees
AdvisorShares Ranger Equity Bear ETF (HDGE) is an exchange-traded fund and is managed by AdvisorShares. The expense ratio is 3.42% and the yield is 3.50%. The ten largest holdings are -9% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HDGE
| Last price | $14.47 (-1.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $14.00 – $15.07 |
| Normal 1-day range (±1σ) | ±1.3% |
| Distribution yield | 3.50% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HDGE fund facts
| Issuer | AdvisorShares |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $56.1M |
| Expense ratio | 3.42% |
| Number of holdings | 46 |
| Portfolio turnover | 1,020% |
| Inception | Jan 26, 2011 |
| Exchange | NYSE |
The Sub-Advisor seeks to achieve the fund's investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, ETFs, ETNs and other exchange-traded products. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process.
HDGE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Carter’s Inc CRI | Consumer Cyclical | -0.76% |
| American Homes 4 Rent AMH | Real Estate | -0.84% |
| TransMedics Group Inc TMDX | Healthcare | -0.82% |
| Ares Management LP ARES | Financial Services | -0.82% |
| Whirlpool Corporation WHR | Consumer Cyclical | -0.89% |
| Goodyear Tire & Rubber Co GT | Consumer Cyclical | -0.90% |
| Builders FirstSource Inc BLDR | Industrials | -0.92% |
| Tecnoglass Inc TGLS | Basic Materials | -1.05% |
| Six Flags Entertainment Corporation FUN | Consumer Cyclical | -1.03% |
| Amdocs Ltd DOX | Technology | -1.03% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HDGE returns and risk
| Year to date | -5.0% |
|---|---|
| 1 year | -3.3% |
| 3 years (annualised) | -8.8% |
| 5 years (annualised) | -5.8% |
| 10 years (annualised) | -14.4% |
| Volatility (3 years) | 19.7% |
| Sharpe ratio (3 years) | -0.43 |
Past returns do not guarantee future results.
HDGE: frequently asked questions
What does HDGE invest in?
AdvisorShares Ranger Equity Bear ETF invests in a portfolio of securities. Its largest holdings are Carter’s Inc (-0.8%), American Homes 4 Rent (-0.8%), TransMedics Group Inc (-0.8%), Ares Management LP (-0.8%), Whirlpool Corporation (-0.9%).
What is the HDGE expense ratio?
3.42% a year: about $342.00 for every $10,000 invested.
What is the HDGE dividend yield?
3.50%. ATLAS does not hold the exact distribution dates for ETFs.
Will HDGE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $14.00 to $15.07 from $14.47 today. It is a probability, not a prediction.
How has HDGE performed?
Year to date -5.0%, one year -3.3%, three years -8.8% a year, five years -5.8% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
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Educational information, not investment advice. Disclaimer