Swan Hedged Equity US Large Cap ETF (HEGD) 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 HEGD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEGD
HEGD charges 0.88% annually. There are 20 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 Collar 95-110 ETF | 0.25% | 3.33M | Aug 2021 | HEGD vs XCLR | |
| Global X S&P 500 Tail Risk ETF | 0.25% | 4.87M | Aug 2021 | HEGD vs XTR | |
| Invesco S&P 500 Downside Hedged ETF | 0.39% | 74.50M | Dec 2012 | HEGD vs PHDG | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | HEGD vs HEQT | |
| Invesco QQQ Hedged Advantage ETF | 0.45% | — | May 2025 | HEGD vs QQHG |
Best Risk-Adjusted Alternatives to HEGD
HEGD has a PortfoliosLab risk / return rank of 72. There are 7 ETFs in the Equity Hedged category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | 94 | — | Jun 2024 | HEGD vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | 90 | 118.15M | Jul 2024 | HEGD vs KSPY | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 87 | 84.34M | Sep 2024 | HEGD vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 85 | 89.46M | Sep 2024 | HEGD vs RFLR | |
| MC Trio Equity Buffered ETF | 80 | — | Mar 2025 | HEGD vs TRIO |
Top Performing HEGD Alternatives (YTD)
HEGD is at 5.99% YTD. There are 15 ETFs in the Equity Hedged category with higher YTD returns, going as high as 63.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 63.35% | 84.34M | Sep 2024 | HEGD vs HECO | |
| Innovator U.S. Small Cap Managed Floor ETF | 14.16% | 89.46M | Sep 2024 | HEGD vs RFLR | |
| Horizon NASDAQ-100 Defined Risk ETF | 11.09% | 79.22M | Jul 2025 | HEGD vs QGRD | |
| Invesco S&P 500 Downside Hedged ETF | 10.72% | 74.50M | Dec 2012 | HEGD vs PHDG | |
| Invesco QQQ Hedged Advantage ETF | 9.31% | — | May 2025 | HEGD vs QQHG |
Lowest Volatility Alternatives to HEGD
HEGD has 7.55% 1-year volatility. There are 5 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 | HEGD vs MAXJ | |
| TrueShares Equity Hedge ETF | 5.19% | 14.52M | Jan 2026 | HEGD vs ONEH | |
| Equable Shares Hedged Equity ETF | 5.77% | 301.01M | May 2019 | HEGD vs HEDG | |
| MC Trio Equity Buffered ETF | 6.22% | — | Mar 2025 | HEGD vs TRIO | |
| Simplify Hedged Equity ETF | 6.71% | 300.35M | Nov 2021 | HEGD vs HEQT |
Lowest Drawdown Alternatives to HEGD
HEGD has a 1-year max drawdown of -4.39%. There is 1 ETF in the Equity Hedged category with a shallower 1-year drawdown, going as shallow as -1.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Jun ETF | -1.70% | — | Jun 2024 | HEGD vs MAXJ | |
| Kraneshares Hedgeye Hedged Equity Index ETF | -4.46% | 118.15M | Jul 2024 | HEGD vs KSPY | |
| MC Trio Equity Buffered ETF | -4.47% | — | Mar 2025 | HEGD vs TRIO | |
| Simplify Hedged Equity ETF | -5.09% | 300.35M | Nov 2021 | HEGD vs HEQT | |
| Cambria Value and Momentum ETF | -5.55% | 106.10M | Sep 2015 | HEGD vs VAMO |
Often Compared With HEGD
Investors most often compare HEGD with OCTZ, IHG, OVLH. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare HEGD with Any Fund or Stock
Compare HEGD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEGD with funds that move differently
Swan Hedged Equity US Large Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEGD.
Explore HEGD Diversifiers