HDGE ETF — AdvisorShares Ranger Equity Bear ETF
AdvisorShares Ranger Equity Bear ETF (HDGE)
HDGE is an ETF. its distribution rate is 3.74%, its trailing-12-month yield is 3.74%, its expense ratio is 3.62%. Total return is -92.6% over the past 15.6 years, 764.6 points behind SPY at 672.0%.
At the current 3.74% distribution rate, a $10,000 investment would generate approximately $374 per year if the next payment matches the last regular one.
HDGE dividend yield and income
Price as of 2026-09-18.
The distribution rate (3.74%) is the latest posted forward yield, paid annual. Trailing-12-month yield (3.74%) is the last year of payments divided by the current price. The last dividend was $0.56. The last ex-dividend date was 12/22/2025. It was paid on 12/29/2025. At the current 3.74% distribution rate, a $10,000 investment would generate approximately $374 per year if the next payment matches the last regular one.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2025-12-22 | $0.56 | $0.56 | -56.3% |
| 2024-12-23 | $1.28 | $1.28 | -30.2% |
| 2023-12-26 | $1.835 | $1.835 | 1429.2% |
| 2019-12-27 | $0.012 | $0.12 | — |
| 2019 total | — | $0.12 | — |
| 2023 total | — | $1.835 | 1429.2% |
| 2024 total | — | $1.28 | -30.2% |
| 2025 total | — | $0.56 | -56.3% |
HDGE dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -56.3%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -56.3% |
| 3Y | 0.0% |
| 5Y | 0.0% |
HDGE holdings and sector exposure
Holdings are not available for this snapshot.
HDGE performance versus SPY
Price and return data through 2026-09-18.
Total return is -92.6% over the past 15.6 years, 764.6 points behind SPY at 672.0%. Over the past year its total return — price change plus distributions reinvested — is -3.1%. Its deepest 1-year drawdown was 24.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 3.5% | — |
| 3M | -11.6% | — |
| 6M | -17.0% | — |
| YTD | -6.5% | — |
| 1Y | -3.1% | — |
| 2Y CAGR | — | -6.90% |
| 3Y CAGR | — | -6.60% |
| 5Y CAGR | — | -6.00% |
| 10Y CAGR | — | -15.30% |
| Since inception (15.6 years) | -92.6% | -15.30% |
HDGE key facts
- Issuer
- AdvisorShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 01/26/2011
- Expense ratio
- 3.62%
- Distribution rate
- 3.74%
- Distribution frequency
- Annual
- Trailing yield
- 3.74%
- Last close
- $14.97 (as of 2026-09-18)
- NAV
- $14.87
- Premium / discount
- 0.67% premium
- AUM
- $61,806,510
- Average volume
- 204800.0
- Last dividend
- $0.56
- Last ex-dividend date
- 12/22/2025 (as of 2025-12-22)
- Last payment date
- 12/29/2025 (as of 2025-12-29)
- Beta
- -1.07
How Dividend Vision calculates yield and returns
Distribution rate (3.74%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.74%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: AdvisorShares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
HDGE risks and drawbacks
HDGE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 24.3%.
Who may consider HDGE — and who may not
HDGE may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (HDGE pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does HDGE pay monthly?
No. HDGE currently pays annual, not monthly.
What is HDGE's expense ratio?
HDGE's expense ratio is 3.62%.
What is HDGE's dividend yield?
HDGE's distribution rate is 3.74%, paid annual, with a 3.62% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of September 18, 2026).
How has HDGE's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -56.3%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does HDGE pay a dividend?
HDGE pays annual. The last dividend was $0.56. The last ex-dividend date was 12/22/2025. It was paid on 12/29/2025.
How has HDGE performed?
Total return is -92.6% over the past 15.6 years, 764.6 points behind SPY at 672.0%. Over the past year its total return — price change plus distributions reinvested — is -3.1%. Its deepest 1-year drawdown was 24.3%.
Is HDGE a good investment?
Its distribution rate is 3.74% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
More securities from AdvisorShares.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
See how this investment would fit into your portfolio.