HDG:ARCA-ProShares Hedge Replication

ETF | Multialternative | NYSE Arca

Last Closing

USD 43.955


0.00 (0.00)%

Market Cap

USD 0.03B



Analyst Target

Analyst Rating


ducovest Verdict



The investment seeks investment results before fees and expenses that track the performance of the Merrill Lynch Factor Model-Exchange Series. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the Benchmark. The Benchmark, established by Merrill Lynch International, 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 is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. It is non-diversified.

Inception Date: 12/07/2011

Primary Benchmark: BofAML Factor Modl - Exch Series TR USD

Primary Index: Morningstar Mod Tgt Risk TR USD

Gross Expense Ratio: 2.1%

Management Expense Ratio: 0.95 %

Unadjusted Closing Price

Adjusted Closing Price



Top Holdings


Symbol Company Name Allocation
MSFT Microsoft Corporation 0.40 %
Top Sectors


Top Regions


Share Volume

Relative Performance (Total Returns)

Relative Returns (From:    To: 2019-01-12 )

Largest Industry Peers for Multialternative

Symbol Name Mer Price(Change) Market Cap
QAI IQ Hedge MultiIQ Hedge Multi-S.. 0.64 %


USD 0.85B
JPHF J P Morgan Chase & Co 0.79 %


USD 0.15B
EXD Eaton Vance Tax-Managed Buy-Wr.. 0.00 %


USD 0.09B
DIVY Realty Shares DIVS 0.85 %


USD 0.07B

ETFs Containing HDG


Market Performance

  Market Performance vs. Industry/Classification (Multialternative) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 2.06% 60% D- 25% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 2.06% 60% D- 25% F
Trailing 12 Months  
Capital Gain -4.24% 100% A+ 69% D+
Dividend Return 0.48% 25% F 6% F
Total Return -3.75% 80% B- 59% F
Trailing 5 Years  
Capital Gain 5.61% 100% A+ 57% F
Dividend Return 0.53% 33% F 4% F
Total Return 6.14% 100% A+ 37% F
Average Annual (5 Year Horizon)  
Capital Gain 1.86% 80% B- 54% F
Dividend Return 1.89% 80% B- 32% F
Total Return 0.04% 40% F 3% F
Risk Return Profile  
Volatility (Standard Deviation) 3.29% 60% D- 93% A
Risk Adjusted Return 57.58% 80% B- 62% D-
Market Capitalization 0.03B 40% F 15% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.