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ProShares - Hedge Replication ETF (HDG)
About this ETF
This fund strategically invests in a combination of financial instruments, chosen by ProShare Advisors, with the goal of emulating its underlying benchmark's performance. That benchmark endeavors to replicate the risk and return profile typical of the hedge fund asset class, which it achieves by seeking a high correlation to the HFRI Fund Weighted Composite Index (HFRI). The HFRI itself serves as a gauge of the hedge fund industry's overall performance, comprising an equally weighted composite of over 2,000 member funds. This particular fund is categorized as non-diversified.
Price
Top 10 holdings
| TREASURY BILL | 66.15% |
| Net Other Assets (Liabilities) | 19.73% |
| MOOG INC-CLASS A | 0.05% |
| BRIGHTSPRING HEALTH SERVICES BTSG | 0.05% |
| CYTOKINETICS INC CYTK | 0.05% |
| UMB FINANCIAL CORP UMBF | 0.05% |
| HUT 8 CORP HUT | 0.05% |
| JFROG LTD FROG | 0.04% |
| KRYSTAL BIOTECH INC KRYS | 0.04% |
| VIASAT INC VSAT | 0.04% |
Sector mix
Price chart
Returns
| 1 month | +0.82% |
| 3 months | +3.49% |
| 6 months | +4.20% |
| Year to date | +5.29% |
| 1 year | +8.67% |
| 3 years (ann.) | +4.17% |
| 5 years (ann.) | +0.75% |
| 10 years (ann.) | +2.64% |
Risk profile
| Volatility (1y, ann.) | 6.42% |
| Sharpe (1y) | 1.33 |
| Sharpe (3y) | 0.69 |
| Sortino (1y) | 1.96 |
| Max drawdown (1y) | -4.47% |
| Max drawdown (5y) | -15.31% |
| Max drawdown (full) | -15.31% |
| Beta vs S&P 500 (1y) | 0.43 |
| Correlation vs S&P 500 (1y) | 0.84 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-24 | 2026-06-30 | USD 0.2926 |
| 2026-03-25 | 2026-03-31 | USD 0.2724 |
| 2025-12-24 | 2025-12-31 | USD 0.3702 |
| 2025-09-24 | 2025-09-30 | USD 0.3560 |
| 2025-06-25 | 2025-07-01 | USD 0.2854 |
| 2025-03-26 | 2025-04-01 | USD 0.3011 |
| 2024-12-23 | 2024-12-31 | USD 0.5048 |
| 2024-09-25 | 2024-10-02 | USD 0.4260 |
| 2024-06-26 | 2024-07-03 | USD 0.4349 |
| 2024-03-20 | 2024-03-27 | USD 0.3628 |
| 2023-12-20 | 2023-12-28 | USD 0.5155 |
| 2023-09-20 | 2023-09-27 | USD 0.6044 |
| 2023-06-21 | 2023-06-28 | USD 0.3153 |
| 2023-03-22 | 2023-03-29 | USD 0.2570 |
| 2022-12-22 | 2022-12-30 | USD 0.1848 |
| 2020-03-25 | 2020-04-01 | USD 0.0421 |
| 2019-12-24 | 2020-01-02 | USD 0.0926 |
| 2019-09-25 | 2019-10-02 | USD 0.1253 |
| 2019-06-25 | 2019-07-02 | USD 0.1497 |
| 2019-03-20 | 2019-03-27 | USD 0.1389 |
| 2018-12-26 | 2019-01-03 | USD 0.0800 |
| 2018-09-26 | 2018-10-03 | USD 0.0809 |
| 2018-06-20 | 2018-06-27 | USD 0.0566 |
| 2018-03-21 | 2018-03-28 | USD 0.0042 |
| 2015-12-22 | 2015-12-31 | USD 0.0003 |
| 2012-12-26 | — | USD 0.0530 |
ESG profile
Benchmark: average of 30 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF IBIT | 0.25% | 46.82B | — | -45.40% | -1.13 |
| Grayscale Bitcoin Trust ETF GBTC | 1.50% | 8.67B | — | -46.00% | -1.16 |
| Invesco Senior Loan ETF BKLN | 0.67% | 7.19B | 6.56% | -2.67% | -0.81 |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | — | +20.15% | 0.80 |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC | 0.74% | 5.34B | 3.01% | +27.55% | 1.37 |
| iShares Ethereum Trust ETF ETHA | 0.25% | 4.93B | — | -37.38% | -0.34 |
| abrdn Physical Silver Shares ETF SIVR | 0.30% | 3.97B | — | +55.06% | 1.04 |
| abrdn Physical Precious Metals Basket Shares ETF GLTR | 0.60% | 2.48B | — | +28.38% | 0.84 |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI | 0.26% | 2.38B | 13.79% | +10.98% | 0.59 |
| Bitwise Bitcoin ETF Trust BITB | 0.20% | 2.32B | — | -45.29% | -1.13 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| WisdomTree International Efficient Core Fund NTSI | 0.26% | 485.98M | 0.2% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 0.0% |
| NYLI Hedge Multi-Strategy Tracker ETF QAI | 0.75% | 762.37M | -0.1% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
