Equable Shares Hedged Equity ETF (HEDG) belongs to the Equity Hedged category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HEDG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEDG
HEDG charges 0.96% annually. There are 24 ETFs in the Equity Hedged category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.87M | Aug 2021 | HEDG vs XTR | |
| Global X S&P 500 Collar 95-110 ETF | 0.25% | 3.33M | Aug 2021 | HEDG vs XCLR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 74.50M | Dec 2012 | HEDG vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | HEDG vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | HEDG vs QQHG |
Best Risk-Adjusted Alternatives to HEDG
Among 21 ETFs in the Equity Hedged category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | HEDG vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 90 | 118.15M | Jul 2024 | HEDG vs KSPY | |
| Innovator U.S. Small Cap Managed Floor ETF | 87 | 89.46M | Sep 2024 | HEDG vs RFLR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 84 | 84.34M | Sep 2024 | HEDG vs HECO | |
| MC Trio Equity Buffered ETF | 81 | — | Mar 2025 | HEDG vs TRIO |
Top Performing HEDG Alternatives (YTD)
HEDG is at 3.85% YTD. There are 20 ETFs in the Equity Hedged category with higher YTD returns, going as high as 62.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 62.29% | 84.34M | Sep 2024 | HEDG vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 15.20% | 89.46M | Sep 2024 | HEDG vs RFLR | |
| Invesco S&P 500 Downside Hedged ETF | 10.51% | 74.50M | Dec 2012 | HEDG vs PHDG | |
| Horizon NASDAQ-100 Defined Risk ETF | 10.23% | 79.22M | Jul 2025 | HEDG vs QGRD | |
| Invesco QQQ Hedged Advantage ETF | 8.64% | — | May 2025 | HEDG vs QQHG |
Lowest Volatility Alternatives to HEDG
HEDG has 5.73% 1-year volatility. There are 2 ETFs in the Equity Hedged category with lower 1-year volatility, going as low as 2.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 2.32% | — | Jun 2024 | HEDG vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.15% | 14.52M | Jan 2026 | HEDG vs ONEH | |
| MC Trio Equity Buffered ETF | 6.21% | — | Mar 2025 | HEDG vs TRIO | |
| Simplify Hedged Equity ETF | 6.70% | 300.35M | Nov 2021 | HEDG vs HEQT | |
| Swan Hedged Equity US Large Cap ETF | 7.55% | 584.47M | Dec 2020 | HEDG vs HEGD |
Lowest Drawdown Alternatives to HEDG
Among 21 ETFs in the Equity Hedged category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | HEDG vs MAXJ | |
| Swan Hedged Equity US Large Cap ETF | -4.39% | 584.47M | Dec 2020 | HEDG vs HEGD | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 118.15M | Jul 2024 | HEDG vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | HEDG vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 300.35M | Nov 2021 | HEDG vs HEQT |
Often Compared With HEDG
Investors most often compare HEDG with MSTB, THEQ, HEQQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare HEDG with Any Fund or Stock
Compare HEDG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEDG with funds that move differently
Equable Shares Hedged Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEDG.
Explore HEDG Diversifiers