1 has different meanings. Hedging refers to offsetting financial operations taken by investors to prevent adverse price changes, while futures are financial contracts that include future delivery of financial instruments or physical goods.

2. Different trading methods. Hedging is to operate in the spot market and the futures market at the same time to hedge the price risk in the spot market, while futures use the price fluctuation in the futures market to buy short and sell short, thus obtaining the spread income.