HDGProShares Hedge Replication ETF
Tracks the performance of the Merrill Lynch Factor Model® — Exchange Series.
By ProShares · Launched 2011
Annual Cost
0.95%
#4,882 of 5,861 · expensive
Fund Size
$22M
#4,411 of 5,861 · small
Return (1Y)Goal
+11.1%
Track Record
15 years
#888 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$11,128+11.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
GlobalStrategy
Index tracking
Index tracked
Merrill Lynch Factor Model Exchange Series
What it actually holds
By weightConcentration
Top 10 holdings = 83.1% of fundconcentrated
United States of America
67.9%
Repurchase Agreement
4.2%
Repurchase Agreement
2.1%
Repurchase Agreement
2.1%
N/A
1.7%
Repurchase Agreement
1.2%
Repurchase Agreement
1.2%
Repurchase Agreement
1.0%
Repurchase Agreement
0.8%
Repurchase Agreement
0.8%
Asset allocation
Cash
79.9%
Stocks
20.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
6.4%Low
Year-on-year price swings
Max drawdown
-15.3%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.55Decent risk-adjusted returns
Sortino (3Y)
0.78Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the performance of the Merrill Lynch Factor Model® — Exchange Series.
- Strategy
- Invests primarily in financial instruments to track the performance of the Merrill Lynch Factor Model® — Exchange Series, targeting high correlation with the HFRI Composite Index. Utilizes equity securities, derivatives, and money market instruments to achieve its investment objective.
- Inception date
- July 12, 2011
- Fund family
- ProShares
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Data updated on 2026-08-04