Hedging can be an effective way to reduce risk and potentially increase returns, but it is not necessarily always cheaper than the returns you get. Hedging strategies can vary in cost depending on the type of instrument used and the amount of risk being hedged. For example, some hedging strategies may involve buying options or futures contracts, which can be quite expensive. On the other hand, other strategies may involve using stop-loss orders or other risk management techniques, which can be much less expensive. Ultimately, the cost of hedging depends on the type of strategy used and the amount of risk being hedged.