HDGE vs SPY

AHDGE

BSPY

Measures won1–5SPY wins · of 6 · 5Y

$10,000 · 5Y$17,118SPY · HDGE $7,165

Lowest cost0.09%SPY · $9 on $10k

Most income3.84%HDGE · $384 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common[…]HDGE and SPY

HDGE

SPY

AdvisorShares Active Bear ETF · $42MState Street SPDR S&P 500 ETF · $778B

−11.2%3 years · per year$7,008 · $18,039+21.7%

−6.4%5 years · per year$7,165 · $17,118+11.3%

3.41%Expense ratio$341 · $9 on $10k · lower wins0.09%

3.84%12-mo yield$384 · $103 on $10k1.03%

−24.3%Worst dropSmaller wins−8.9%

19.9%VolatilityLower wins13.6%

1–5SPY wins

$10,000 · 5 yearsOne scale

Shared top holdingsHDGE · SPY

-1.1%PODD0.0%

-1.2%CMCSA0.1%

-1.3%ARES0.0%

-1.3%SMCI0.0%

Held in common[…]

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$777.7B
2	AHDGE	AdvisorShares Active Bear ETFRead Desk		3.41%	3.84%	+0.5%	−8.2%	−9.7%	−11.2%	−6.4%	−24.3%	$42M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Both

5Y2 funds

#			Trend
1	BSPY	State Street SPDR S&P 500 ETFRead Desk		0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$777.7B
2	AHDGE	AdvisorShares Active Bear ETFRead Desk		3.41%	3.84%	+0.5%	−8.2%	−9.7%	−11.2%	−6.4%	−24.3%	$42M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

HDGE vs SPY

HDGE

AdvisorShares Active Bear

$7,165

SPY

SPDR S&P 500

$17,118

MeasureHDGESPY

Fee3.41%0.09%

Cost on $10k a year$341$9

Yield3.84%1.03%

5 years, per year−6.4%+11.3%

3 years, per year−11.2%+21.7%

Worst drop · 1Y−24.3%−8.9%

Volatility · 1Y19.9%13.6%

5–1measures won
SPY first

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$178BAssets$778B

2–0SPYM wins

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$40.7BAssets$45.2B

1–1level

End-of-day Nov 6, 2026

Overlap: HDGE, SPY

Today

[…]holdings […]

HDGESPY

HDGE—[…]

SPY[…]—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$94most kept, SPY

SPY$103 − $9 = $94

HDGE$384 − $341 = $43

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee